Canadian investing in Texas
I am currently in college in San Angelo Texas and have realized how great the market in this town is for rental housing. I want my dad to purchase a house with his line of credit and then I will manage the place, but it seems like everyone I talk to has no idea how this works for Canadians in the states. I am looking for anyone with any expertise on this matter or contact info for someone that does!
@Nick Seginowich
You should discuss this with a CPA well versed in cross border tax. There are a number of implications including tax filings, type of entity, etc.
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#2 Commercial Real Estate Investing Contributor
- Attorney
- Dallas, TX
I represent many international investors. The key is to setup a domestic LLC that allows for local management. We can work with CPA on tax implications as well. Will @Nick Seginowich be living in a room/unit?
Thank you Ronald, that’s what I was thinking as well! Also I won’t be living in the unit but I will be going to the university in the area.
Hey brother, have you seen or been to the Meet Up? The next one will be on the 17th. Nonetheless, I am not certain but I believe @Amy Zetzman could bring some value to this discussion if not at least know someone who could.
Thank you @Giovanny Garcia. I'd need to know more specifics about the issues you're facing. PM me if you'd like to discuss further!