All Forum Posts by: Tzook Bar Noy

Hello BP's,

I am Tzook a foreign investor from Israel, I started working with the US market in the past year.

I just got some local investors who look for bigger investments, and I look to provide them with the opportunities.

I would be happy to connect to people here who have some great deals, or simply getting some tips on where I could find opportunities:

- commercial agents ?

- wholesalers 

- craig list?

- BP market place is lacking with commercial opportunities...

Thanks in advance!

Hi @Ed E.  sorry for my ignorance...

but can you please elaborate on that?

what is part of my basis

and what do you mean by expensed them separately ?

thanks!

I have read many articles about the taxing of your property, depreciation etc.

One thing that is lacking everywhere is when you sale your home does the IRS include your rehab cost in the calculations?

For example:

I bought a home in 50K

I rehabed it in another 20K

after more then a year I sell the property in 90K

So:

1) I get taxed on my: 

90K

- 50K (initial purchase price)

- 20K (rehab cost)

= 20K (total profit to be taxed on)

2) I get taxed on:

90K

- 50K (initial purchase price)

= 40 (total profit to be taxed on)

thanks for all the cpa guys here and other experts that went through it

Hello Guys,

My property management company is truly unresponsive and surely unprofessional.

Do you have any recommendations for awesome property managers in the Decatur area?

P.S.  I truly hate that owner portal propertyaware, it is like designed in the 1980

Hello BP's,

I'm not a US citizen and I would like to open a US bank account.

Any ideas on best options, and more importantly the provide service and support online.

Thanks!

Thanks @Brandon Hall and @Ned Carey

I thought it was like a regular investment but if CPA tells me otherwise he just bursted my bubble :)

@ned Carey

Yes that what I thought, but as in normal companies.

You have 100k income until November so you can invest, 90k in equipment or purchasing investments.

Than the company is left with 10k profit for that year...

So they pay tax on the profit, as the 90k where expenses.

hello BP

If I have a LLC that gets 100k income yearly, can I use 100k to purchase a property

Or 

I need to pay taxes on the 100k and only with what is left to purchase the property

Thanks @Andrew Syrios, just contacted them, will see how it goes.

@Michael Wentzel for sure please: https://limaonecapital.com/

I have attached the rates per credit score, LTV, and foreign

I got till now one offer that is 8% approx for 30 years.

I know that mortgages with "fannie mae and freddie mac" are 4% approx

Any suggestions for better financing connections.

* just mentioning again, I'm from Israel not a US resident.