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Private Lending & Conventional Mortgage Advice
Account Closed
  • Calgary, Alberta
1
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Canadian looking for info on setting up US corporation for REI

Account Closed
  • Calgary, Alberta
Posted Apr 19 2018, 20:51

Hey Everyone,

I am a Calgary resident, Canadian citizen looking for primary resources on the limitations of US real estate investing as a Canadian. My plan is to set up a C Corporation in the state I'm most interested in investing in (looks like Montana at this point). I am looking for credible sources on the following topics:

1) The cost of setting up a C Corp in Montana

2) US rules about foreign nationals owning a US C Corp to do business (my research can only go so far when looking at what C Corporations can do, but I'm sure there are limitations because the owner and president would be a Canadian citizen)

3) How C Corporations can get a mortgage, rules around Private Money investing (in Canada they are pretty strict), rules around Hard Money Investing.

4) Double taxation with Corporations.

5) Anything else you think I should know about this particular situation, or even if you live in Montana, give me a shout!

I'm looking to a lot of research upfront and make sure I have a relatively solid plan of attack before I hire a Cross-Border specialist for $100 an hour. I am starting to analyze deals, but getting financing as a Corp will be difficult. What bank will take me with no assets?

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