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16 January 2025 | 15 replies
The list is pretty endless.Have you run into any of these issues?
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9 January 2025 | 2 replies
We are running into a roadblock of him getting approved for a loan.
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25 January 2025 | 12 replies
I hire local professionals for inspections and cleaning, but even then, I’ve run into issues where things were missed because I wasn’t physically there.3.Tools: I use software like Tenant Cloud for rent collection and maintenance tracking, but no tool can replace having someone who can physically check on properties.
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23 January 2025 | 10 replies
- Suggest you Google "Amortization Calculator" and run a few scenarios to open your eyes!
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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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14 January 2025 | 37 replies
Either you don't know why because you have your head in the sand and haven't paid attention to their communications or they are trying to hide things from you.
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14 January 2025 | 27 replies
It will be a run down apartment building before long.
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12 January 2025 | 2 replies
PMs can minimize their suffering from unrealistic expectations by showing comparable properties that are on the market for rent and having a discussion with the landlord as to how their property compares and how his property can be more attractive to renters.Landlords are running a business.
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19 January 2025 | 14 replies
You and the other posters here have been generous in indulging me in this exercise of considering this "partnership" / BRRRR, but demonstrating that we can invest successfully on our own power before seeking out partners is not only my strong preference but just sound business logic.As a new investor my head starts to spin when I start to think about investing, and the many gaps in my knowledge reveal themselves: how to structure a partnership?
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10 January 2025 | 6 replies
Even with our recent price increase, this discount gets you up and running for less than our 2024 price.