Hello , names Garrett, im interested in purchasing a single family in Cleveland with a Canadian corporation, can this be done and can a Canadian corporation get a US bank account?
We have partners who are foreign investors. DM me, and I will send you contacts for attorneys, lenders, and accountants they have previously used. It is important that you hire professionals who have experience working with foreign investors.
Yes, it’s definitely possible for a Canadian corporation to purchase a single-family home in Cleveland. As for opening a U.S. bank account, Canadian corporations can do so, but you’ll need to provide documentation like proof of incorporation, a U.S. tax ID, and possibly a personal guarantee depending on the bank.
I’m based in Columbus, and I specialize in helping investors with strategies like fix-and-flip and short-term rentals in Ohio, so let me know if you need any additional insight on the area!