We have qualified for a mortgage and will be buying a vacation property in Florida that we intend to rent out via Airbnb when we are not there.
to all Canadian investors out there - did you form an llc or lp? What’s the best way to invest by forming a corporation?
Usually, a LP is preferred. I would speak to an accountant first that specializes in foreign US investors...DM me if you need any contacts.
Hi Alex and Charles, great to see this discussion here.
I am a Canadian investor as well. My lawyer told LP is preferable as LLC not recognized in Canada. However, how to get lending in an LP is a question I have. I will reach out to you.