Canadian Student Investing in the US
Hi everyone, I am pretty new here. I am a Canadian student looking to invest in a multi-family property in Fresno, CA.
My situation is that I have saved up some money for a down payment but, as a student, would not be able to qualify for a conventional mortgage. So I plan on partnering with someone who would be able to qualify to purchase a 2-to-8 unit property in Fresno, CA.
Basically, I could use some advice about investing in America as a Canadian citizen. Any thoughts? What would be the best way to structure the deal? Should I partner with an American or another Canadian? How do taxes work? Do I need to pay taxes twice? How does ownership without residential status work? Should I use a conventional or a commercial loan? Should I use a Canadian or American loan? Anything helps.
Thank you so much!