Canadians investing in the US!?
Hey there everyone!
My name is Zach, and I'm a newb to BP. My brother and I are Canadians (dual citizens actually, but born and raised in Canada), currently own two rental condos in Florida (without a mortgage on them), and are looking to sell them and use the money as a downpayment to buy a multifamily unit in Texas. We just started looking around at different financing options, but it seems like there are massive limits for Canadians trying to get a US mortgage. So I suppose I have a couple questions for whoever happens to see this post and knows a thing or two about Canadians investing in US real estate!
- Are there lenders that give mortgages for Canadians looking to buy commercial property in the US?
- What are generally the best options for creating a corporate structure for a Canadian investing in Texas?
- What is other general advise for someone in my position?
Hope to hear back from someone!
Zach