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Foreigners Buying in the USA

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Wesley Henry
  • Rental Property Investor
  • Ontario, CA (Ontario)
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10
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Canadian Starting Out

Wesley Henry
  • Rental Property Investor
  • Ontario, CA (Ontario)
Posted Nov 2 2019, 14:59

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?

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