Investing in the USA from Canada
I’m looking for insight on investing in small multi family’s and single family rental properties for cashflow in USA while being a resident of Canada. I see a lot of deals and opportunity.
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I used to work with internationals buying US real estate quite a bit. It's pretty easy but key that you get it set up properly before buying anything. If you don't have it set up right, you could end up hurting on tax hits.
- Set up your US entity
- Set up your US bank account
That's it. But the key is getting the entity set up correctly and normally I recommend working with an entity specialist who does this kind of set up a lot in order to know which entity to go with. For example, it's not an LLC for Canadians--LLCs are bad for Canadians when it comes to taxes.
Any idea where you're thinking of buying? I still work with internationals if you need any help.