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All Forum Posts by: James N Beliak

James N Beliak has started 1 posts and replied 12 times.

Post: Trying to decide on a market

James N Beliak
Posted
  • Toronto, Ontario
  • Posts 12
  • Votes 10

Hi Matt,

Lots of opportunities. Good luck.

James

Post: Member since Summer 2023

James N Beliak
Posted
  • Toronto, Ontario
  • Posts 12
  • Votes 10

Hi everyone. My name is James. Besides our home , I own a condominium and some property with other investors. I have done the Rookie Boot Camp which was very beneficial to me  and I am now doing the Multi Family Boot Camp.
I was interested in buying some US property in Tennessee, Ohio & Florida. I was looking to Rent to Retirement and another similar company. 
However, liability issues came up about a Canadian owning US property outside of an LLC , but also the heavy taxation of an LLC for a Canadian. There is a solution for Canadians, from NCH out of Nevada to use a regular corporation to hold limited partnerships. Apparently, there are other strategies I don't know about yet.
The issue with high interest rates is they are even higher for foreign investors. Therefore , the down payment amount has to be higher so the property cash flows to break even. 
 I also would like to take advantage of Vendor Takebacks or other forms of using other peoples’ money. The process continues. 
Best wishes to Everyone.