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10 July 2024 | 24 replies
Consider renovation costs and potential for adding value through improvements.Resources and Tools:Local Real Estate Networks: Connect with local real estate agents, property managers, and investors for insights into specific neighborhoods and market conditions.Online Tools: Use real estate websites and platforms to analyze property prices, rental yields, and neighborhood demographics.Tips for Canadian Investors:Tax Implications: Understand tax implications for Canadian investors owning U.S. property, including withholding taxes on rental income and capital gains.Legal and Financial Advice: Consult with a cross-border tax specialist and real estate attorney to navigate legal and financial aspects of investing in the U.S.If you would like to discuss further/need financing please feel free to reach out.
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8 July 2024 | 12 replies
It seems fairly difficult to get into something there but I may reach out in the future @AJ Wong if we decide to move forward.I don't live in the area so it wouldn't be a hosted rental situation @John Mason but it's good to know about that option.
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10 July 2024 | 18 replies
You learn a ton about how to become a landlord, manage your own property, managing rehabs, etc. plus there's so little risk because you're living there yourself.
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10 July 2024 | 87 replies
You need to decide if you are in the REI business or just doing a few deals.
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10 July 2024 | 10 replies
I recently moved to a home i was going to flip but decided to keep and make it my primary.
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9 July 2024 | 8 replies
The list is huge, but includes things like monetary risk, legal differences, government corruption risk, management risk, supply chain issues, insurance practices, utilities, tax differences, banking differences, etc.
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10 July 2024 | 10 replies
They probably have their teams and people they will reach out to , to analyze the property/deal and decide for themselves whether it's worth to buy or not.
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11 July 2024 | 6 replies
This Duplex was built in the 80s and has good bones but the HVAC systems will need to be replaced soon and there has been no major updates that have been done but this is one of the reasons why i bought it. i wanted to get the experience of being a landlord and renovating and managing multiple properties. but i have a few questions pertaining to the duplex house hack.
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10 July 2024 | 2 replies
My view is that I can get a higher return by parking that cash in real estate as opposed to having some fund manager get me marginal returns on my savings.Appreciate any thoughts or comments.
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10 July 2024 | 7 replies
So having your budget some flexibility to redo some things if needed.I hope this helps you because it's not very difficult on your end you just need to choose things presented to you and decide if you like them or not.