Derek Carroll
permits - which jurisdiction
i'm looking at properties in new areas all the time. some of the area websites mention need for permits at the village level, town level, city level, and possibly county level.
obviously i plan to call and a...
Arturo Borges
Startup costs for a construction company?
Do you purchase or rent construction equipment for a new construction company? Also, what are the key startup costs that you will encounter upfront?
Mario P.
Residential land values - Greater Toronto Area
On December 8, the most recent residential land value report for the Greater Toronto Area and southwestern Ontario was released by MCAP (For more info visit http://www.mcap.com/development-finance/lot-value-...). Here...
Eli Comay
Is IRS Form 4797 Necessary On Sale of An Investor's Only Rental?
I am an investor in a single rental property which I just sold. I'll file IRS Form 8949 and Schedule D (with unrecaptured depreciation on line 19). Is Form 4797 also required even though real estate is not my trad...
Richard McRae
Biggest Underwriting Mistakes Incurred by Novice Investors
I see many properties advertised these days with unrealistically low expense ratios. Inexperienced investors that are excited to make that first acquisition need to be aware of and understand how to accurately evalua...
Cody Weber
Mortgage Payment Options
I am a new real estate investor and can see the benefit to both paying down a property quicker using the rental’s cash flow (ex. paying down in 15 years than the typical 25 year amortization) which opens the door to u...
Jason Malabute
Challenges of hiring a cold caller VA
One of my favorite Kobe Bryant business quotes I live by is “to only work and hire people who are obsessed with their craft and are obsessed with doing their job at a high level “. I’m looking to hire a cold caller VA...
Account Closed
My first investment property
Im going to buy a house worth 200,000 for 150,000Ill get 50,000 profit but the bank will finance me the closing costs and repairs. repairs and closing costs are 10,000Then it means my profit is 40mil not 50mil right?
Sylvia B.
Tax on capital gains question
Married couple filing jointly has taxable ordinary income of $30,300 and long term capital gains of $100,000. How much tax is owed on the gain?A. $0 because taxable ordinary income is below the threshold level of $75,...
Andrew B.
Newbie help needed! Liability Insurance considerations.
Hi BP! After purchasing a property it's my understanding standard homeowner insurance is not sufficient to cover a landlord in terms of liability. In the interest of qualifying for residential financing it seems an ...