All Forum Posts by: Elliott Milek

@Daniel Strange-Dedier

Hi Dan, feel free to set up a meeting as I am Canadian-US real estate and cross border accountant from. Ottawa

@Bobby Chhabra

Hi Bobby, I am located in Ottawa and my tax firm specializes working with Canadian and US real estate investors. Feel free to send me a message if you would like to have a call in the new year.

Thanks, Elliott

@Mark Polan

Hi mark, take a look across the border to the US. You would get a better bang for your buck there. Let me know if you need assistance as I work with a lot of Canadians buying US real estate

@Vincent Martineau-Cammalleri

Welcome aboard. Send me a message and I can point you to a few local groups that you may want to attend

@Ronald Starusnak

Hi Ronald, rather than evicting them, try to negotiate with them. Tell them rather than raising the rent right away to market rates you will raise the rent $50 a month until you are at a market rate. Put it in writing and have them Sign off. If they don’t sign or start missing payments you can evict in the spring.

@Cathy McNair Dave is correct as you can do the 1031 within the US but you will still be required to report the gain here in Canada. Since you don’t have the cash from the sale you can’t pay the Canadian tax and will

Not be eligible for a foreign tax credit resulting in double taxation. Feel free to reach out to me if you would like to discuss

@Eric Figueroa hi Eric can you reach out to me, I’m looking to buy in south Florida and would like a bit more Information on lenders that will use Canadian credit score

@Hai Loc I would agree with Hai, in today’s market you would find a bit more value in the Midwest and would not be subject to the higher property and income taxes Canada has to offer

@Scott Ray the way you have structured the investment eliminates double taxation situation, but as as a Canadian resident you are required to report the income here in Canada. Feel free to reach out to me if you would like to discuss

@Jake Wiley

If your looking for syndication type deals I would reach out to Omar Khan here on bigger pockets. His deals are better than grants who takes 75% of the capital gains when thy sell the property.