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Updated over 4 years ago on . Most recent reply

User Stats

10
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2
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Will Antonio
  • Investor
  • Calgary
2
Votes |
10
Posts

New investor starting our in Calgary

Will Antonio
  • Investor
  • Calgary
Posted

I've been pursuing my first property for about half a year now and came across some information that raised some questions that I was hoping my fellow Canadian and even American neighbors may have experience with.

My eventual goal is to own multiple pieces of real estate, possibly in different jurisdictions.

I'm aware that in financing these properties under my name as a private investor also exposes me to additional risk across all properties should one experience financial issues (i.e. tenant forgoing payments/ major property repair) since they are all tied under me. 

These questions were raised after I watched a youtube real estate video from Jacky Kuk based out of Vancouver, who broke down a legal structure to own multiple properties. It consisted of a holding company, a real estate company, and a management company. I'd heard of it being implemented but figured that was for huge portfolios.

Does anyone have experience in owning properties through individual corporations/separate entities to compartmentalize each property individually?

If so, if that was the eventual goal, would I have to do that off the bat or could I seamlessly transition from private ownership into a business owned real estate structure?

Thanks guys! Appreciate the insight.

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