All Forum Posts by: Erik Ped

@Erik Ped

Thank you Frederic! Ill order it today.

much appreciated

Erik

Look into the following book : owning u.s property the Canadian way by David a altro.

I read it before buying in NY in my personal name, I'm ''only'' a Canadian citizen but the book was of great help!

Best of luck!

Metro Detroit offers many options for meeting the 1% Rule and relatively high ROI.

Follow our "Deep Dive" series we're doing about Metro Detroit cities and City of Detroit Neighborhoods: https://www.biggerpockets.com/...

The two most common mistakes we see investors make, over & over again, are:

1) Not understanding and running their own ROI numbers

2) Not having a clear understanding of the type of asset a property is

In our opinion, your best team member should be your Property Management Company (PMC). They have to deal with any property you buy every month until you sell or terminate them. Everyone else on your team will be transaction-based and not really involved after a purchase.

@Erik Ped if you’re a Canadian, I’d suggest talking to a couple lenders first. I’m no expert in this, but I had some issues getting a very well qualified buyer client a loan because he wasn’t American. He did have diplomatic immunity which complicates the issue, but I’d still make sure you can get loans. If all else fails, downtown Toronto is great and property is super cheap (obviously joking about the second half). 

i currently use ocuplant realty team and denson construction for the 7 properties I have in detroit. did you get a property @Jesse Streng

Thank you everyone for the great info!

@Nathan Chase would definitely be interested in discussing markets! PM'ed you.

@Joe Zabawa Thank you for the recommendations! It looks like each of them specialize in helping cross-border real estate investors.  Definitely going to interview a few of them.

For those based in the Vancouver, BC area, would anyone like to do a meetup to discuss cross-border investing?

Hi Stephen, We just started working with a property manager in Albany, So far so good. Msg me and I'll let you know the details. 

I bought each of my Florida properties by using a hime equity line of credit on my personal home here in Canada.  Then as I made money I paid off the line of credit.

Good luck.