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11 January 2025 | 9 replies
I'm going to reiterate what's already been mentioned above, but I'm going to actually give you examples of why it's relevant to you to find a U.S. tax professional.1 - You're going to need to file U.S. taxes once you have property down here, there's federal filings, state filings, and sometimes local filings too2 - Tons of tax treaties between the U.S. and Canada that are easy to miss and can cost you a lot of money (important one with rentals - effectively connected income - if the professional you talk to doesn't know what this is, run away)3 - The amount of days you spend in the U.S. needs to be tracked and if you go over a threshold, all of your worldwide income could be taxable by the U.S.4 - Selling real property means up to 15% of your sales proceeds might not be available to you for years (FIRPTA)5 - Lots of nuance at the state and local levels, which both want to take as much money from you as possibleMain takeaway here is that you should find a U.S. based tax person.
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27 January 2025 | 14 replies
So that the tenant rent is providing a larger amount of return of capital.
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12 January 2025 | 1 reply
In addtion when the net investment property is ready or on the ARV you can do the same thing pull cash out and pay off the original amount and use the rest for another down payment.
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15 January 2025 | 5 replies
But if you have to jump through hoops or spend a significant amount of money to put it in might not be worth it.
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16 January 2025 | 12 replies
If you think you'll hand it off to your PM to run and take the great amount of passive income as your great reward, there is so much more to it.
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15 January 2025 | 9 replies
Welcome to the community and be ready for a huge amount of information at your finger tips.
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9 January 2025 | 8 replies
CoStar) to understand the rental market (rent amounts, absorbtion rate, etc..) but that service is fairly expensive.
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19 January 2025 | 46 replies
They are not allowed to buy a home due to tax and immigration reasons, so the company gives them a set amount for rent each month along with paying for other expenses.
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13 January 2025 | 0 replies
Right now, homeowners across the country are seeing record amounts of equity.According to Intercontinental Exchange (ICE), the average homeowner with a mortgage has $319,000 in home equity.Why Have Homeowners Gained So Much Equity?
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15 January 2025 | 7 replies
@Johnny Lynum we did offer them an aggressive cash for keys amount to get them out as soon as possible.