All Forum Posts by: Cal Ewing

Thanks for such great feedback on this question everyone. I know a lot about rocks and oil, and everyone in Calgary constantly talks about the oil and gas market but I don't hear a whole lot yet on this topic and never really understood why this country is so overpriced compared to the US. Here in Calgary, and Edmonton and now likely Saskatoon and Regina, oil is largely responsible for dragging our home values up. It is going to be interesting to see how the real estate market responds if oil prices don't recover. 

i don't think a town can be trapped by permafrost. There are towns in the arctic that function just fine.

Yeah @Chad U. my cross-border specialist has told me to go with the LLP structure (Texas doesn't have LLLP's). My accountant told me that because of these fees and costs it might not make any difference investing in the US vs Canada because all of the additional costs could turn a sweet US deal into something equivalent to what I could get in Canada and thus not worth all the hassle.

Chad you are Canadian right? Are you still filing a US and Canadian return as well as some kind of return for entities that are holding your real estate? 

To my Canadian friends, 

I have only ever invested in the US. I have done two turn key deals and recently bought 3 properties at a tax sale. I really want to grow my business in the US, however my new cross-border accountant has basically told me that the accounting fees, tax return filings, bookkeeping etc. required to make my operation work the way I want it will eat up most of my returns and thus make these seemingly sweeter deals in the US not so sweet. I have made mistakes in the past using a C-Corp to hold property and realized how much that cost me.  My question is, are there any Canadians really making it work down south or are you finding that the cost to do business south of the border is not worth the efforts? 

Hi BPers, 

Over the past year I have been working with a social media coach who has got me creating a lot of content on my website, and through youtube, twitter and facebook. My intention is to help educate other investors and also to attract private lenders or JV partners. I am a bit concerned as to what I can and cannot say in the public domain. I don't want to get on the bad side of the securities watchdogs, but I do want to grow my business and create win-wins for other investors.

Am I able to say things similar to the following?..... "I am looking for partners who want to get involved in projects such as this" 

Any input on this would be appreciated.

Thanks for your input @Becky Lu and @Brady Hanna, 

I have actually turned my attention to some other projects and have not bought anything in KC. 

@Account Closed

 Cool thanks! I'll have a look at this.

@Account Closed

I am not particular really, I am buying Tax Deeds in Texas and was wanting to expand into other States as well. I am open to any acquisition strategy really.

I am not an accountant but I am doing the exact same thing as a Canadian investor and my cross-border accountant has told me that LLC's are toxic for Canadians from a tax perspective. Canada does not recognize LLC's the same way that the IRS does. I would recommend he finds a good cross-border accountant before setting up any kind of ownership entity.

As for managing rehabs. I have a partner in the US that I trust a lot and he does the due diligence that I cannot do from Canada and he oversees the contractors to make sure they are staying on target. It is a great relationship. 

Forest if you are planning on being his "boots on the ground" partner then I think he can do well investing in the US. It's all about teams. 

Hello Houston area investors. I am looking at a deal in Galveston County (normally I shop in Harris County) and was trying to access the county records from Galveston County Appraisal District website. Unlike HCAD.org I was unable to get any property information except for the appraised value of the property and the owner. 

Am I missing something? Does GalvistonCAD not give out info like HCAD does? Where do Galveston investors get property info from?

Thank you in advance,