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Updated about 1 month ago on . Most recent reply

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JF Campeau
9
Votes |
10
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New member from Ontario, Canada

JF Campeau
Posted

Hi everyone. New guy here and looking forward to learn. I'm from Canada and looking at buying my first rental, which will most likely be in Cleveland, within 6 months. Looking forward to chatting with you all. 

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920
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348
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Drago Stanimirovic
  • Lender
  • Miami, FL
348
Votes |
920
Posts
Drago Stanimirovic
  • Lender
  • Miami, FL
Replied

Welcome to the forum, JF, and congrats on taking the first step toward investing in US real estate. Cleveland can be a solid market for rentals thanks to its relatively low acquisition costs and strong rental demand, especially in stable working-class neighborhoods.

Since you're coming from Canada, you'll want to get familiar with a few key items early on cross-border tax implications, financing options as a foreign national, and property management solutions since you'll be remote. The good news is many investors from Canada have successfully built portfolios in the Midwest, and Cleveland has the kind of cash-flowing potential that makes it worth the homework.

Happy to help if you ever need to run numbers or evaluate strategy.

Welcome aboard
Drago

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