Canadian investing in USA and vice versa

Canadian investing in USA and vice versa

Member since 2019 · 1 post · 1 vote

Hi !

I’m a Canadian RE investor looking to buy multi families in the USA.

What state should I be looking at ? All tips are appreciated and if you guys have money to deploy in Canada I would love to answer questions.

Best,


Marco

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Deland, FL · Member since 2017 · 2k+ posts · 1k+ votes
4y
Originally posted by @Marco Masanotti:

Hi !

I’m a Canadian RE investor looking to buy multi families in the USA.

What state should I be looking at ? All tips are appreciated and if you guys have money to deploy in Canada I would love to answer questions.

Best,


Marco

 I would look into the tax consequences very carefully 

https://www.djb.com/2020/08/u-...

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  • Rental Property Investor · Edmonton, Alberta · Member since 2015 · 307 posts · 200 votes
    4y

    @Marco Masanotti Following! Looking to do the same. Currently in research phase. Some Canadian companies that I follow which are buying in US are in Arizona, Texas, Tennessee, Georgia, North Carolina, Florida, to name a few. Places where people are moving to and are landlord friendly states. 

  • Deland, FL · Member since 2017 · 2k+ posts · 1k+ votes
    4y
    Originally posted by @Marco Masanotti:

    Hi !

    I’m a Canadian RE investor looking to buy multi families in the USA.

    What state should I be looking at ? All tips are appreciated and if you guys have money to deploy in Canada I would love to answer questions.

    Best,


    Marco

     I would look into the tax consequences very carefully 

    https://www.djb.com/2020/08/u-...

  • Real Estate Broker · Coppell, TX · Member since 2011 · 5k+ posts · 4k+ votes
    4y

    @Marco Masanotti   What is your budget?  Cash for financed?   Do you want duplexes, tri, 4plex, 100 unit, 500 unit?

    Look at the large growth areas and landlord friendly states.....Texas, Florida, Tennessee, Arizona, and others.

  • Joe S.Pro Member
    Investor · San Antonio · Member since 2020 · 3k+ posts · 3k+ votes
    4y

    Maybe I missed it, but I haven’t seen people wanting to invest in Canada just Canadians want to come invest in the US. Of course if I was a Canadian I’d want to come invest in the US too.😉

  • Real Estate Agent · Mesa, AZ · Member since 2017 · 231 posts · 169 votes
    4y

    @Marco Masanotti my advice would be to research and understand FIRPTA before buying here in the USA and then go for it. I'd recommend talking with a tax attorney. 

  • Giuseppe PavonePro Member
    Specialist · Orlando, FL · Member since 2015 · 183 posts · 83 votes
    4y

    @Marco Masanotti Like others have mentioned, taxes are going to be a big factor in your decision.  If I were you I'd probably start with deciding which locations I get excited about.  Where some might like the idea of owning property in Florida or California because of the climate (and you may be vacationing there often), others might want to put a greater emphasis on cash flow, or potential growth and appreciation... or all of the above!  Depending on what's most important to you I'm sure you'll find many opportunities.  Good luck!

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