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30 January 2025 | 13 replies
Usually the numbers don't work to build in these neighborhoods, unless government tax credits, etc.Do you see the problem with your two statements:"The turnover costs could/will be high"and"How much more damage could they do?"
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7 February 2025 | 9 replies
I reduced my responsibility to only taxes/insurance while the tenant buyer does the maintenance, pays utilities and makes monthly payments to me.
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3 February 2025 | 9 replies
I've been knocking on doors, there is one that seems like it's abandoned, however despite finding the owners name from tax records I cannot seem to get in contract with them to make an offer (despite trying x, y and z).
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25 January 2025 | 4 replies
There are auctions to sell cars, police auctions, tax impounded auctions, antique auctions, etc.
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23 January 2025 | 23 replies
You could look into forming a C Corp as an alternative way to own this property that could affect your tax returns differently, I am not a CPA or giving tax advise.
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21 February 2025 | 15 replies
One thing to take into consideration would be the overhead costs of being a cross-border investor, such as entity setup, property management, higher lending rates and tax filing should you choose to have a CPA.
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11 January 2025 | 9 replies
I would reinvest in a another property and use a 1031 exchange to detour taxes.
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27 January 2025 | 4 replies
@Pratik as @Neil Narayan mentioned, cash flow is very challenging due to the property values, property taxes, and soft rental market.
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4 February 2025 | 11 replies
An ITIN is often required for tax purposes when earning rental income in the US as a non-resident.Please feel free to PM me with any questions.
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27 January 2025 | 3 replies
-Management is low - you'll need at least 10% plus leasing costs - typically a month's rent for each lease-up, and sometimes a renewal fee as well-Insurance seems low-Are taxes accurate?