Canadian Starting Out
Hi everyone first of all I want to thank everyone who takes the time to share their experiences and knowledge on this platform. It is great to find like minded individuals who love real estate.
I am a Canadian with great credit that wants to invest in the States.
My business plan is to acquire multifamilies
Year 1
Ready to Rent(minor rehab)
Min. Bedroom 4+ Bathroom 4+
Purchase max. $170k Cdn, P/unit min. $300 cashflow
States interested in
OH, IN, PI, FL, DC, or MD
I would like to know what are the steps for a Canadian to purchase properties in the mention States.
Including should I register a business/Corporation?
Should I open a bank account in the States?
In regards to credit score, what should one do?
In term of getting a mortgage what should be done?
Do I need a real estate agent to buy or can I broker the deal myself?
What are the Tax obligations in these States?
Should I joint up with someone else?