All Forum Posts by: Jason Shackleton

I have a few questions for foreigners investing in U.S investment properties. Can you please share your success stories? I would love to hear about your experience. What were some of the biggest challenges you faced? What are some things that a new investor should look out for? Also knowing what you know now would you do it again?

Thanks In advance!

Hi @Damon James,
I saw your post asking about NCC. They are a real company. In what way are you intending to use their services? I may be able to shed some light on what they provide. There is a time and place to use services like this and you need to know wht you are getting into.
All the best,
Jason

@Ed Brancheau Yes there are so many distractions these days. I have a new business idea at least weekly. The slight edge really helps you take the small steps needed on a daily basis to win.

Hey @Noah McPherson It sounds like your renovation time estimate is pretty wide. I would try and narrow that down. If you use the same lender for HM and for the refinance you may be able to get away with no seasoning period. 18 months is a real long time to be paying the high fees of HM. In my opinion complete quality renovation work but try to get it done asap. Good Luck!

I have a few questions for Canadians investing in U.S investment properties. Can you please share your success stories? I would love to hear about your experience. What were some of the biggest challenges you faced? What are some things that a new investor should look out for? Also knowing what you know now would you do it again?

Thanks In advance!

Hi @Account Closed 

I know a Lawyer that has been setting up entities at the law firm she owns for the last 15 years. I would be happy to connect her with you.

Hey @Sam Gra Thank you for sharing the Mercury recomendation and @Allen Cheng Thank you for sharing your recommendation too. I have clients that are looking to do this. 

@Lea Hong I am curious were you able to set up a Bank acount in the U.S? Thanks

Hey @Robin Brown 

I feel like this really depends on the investor but mostly the age of the investor. When you are starting out debt can be used as a powerful tool. Access to good debt allows the investor to keep expanding and buy more properties over their career. Having more properties when you are younger allows you to gain market appreciation and mortgage paydown on a larger portfolio over time. Opposed to having the properties paid off in cash or having a bunch of equity locked up in them. Eventually when you get closer to retirement you can sell off some of the properties to pay off or pay down the rest of your portfolio. This will allow you to have less risk in retirement and have more cash flow. This cash flow will also be taxed less in retirement as you are no longer making a W2 income that is likely to be much higher than pension income.

I feel like I should take my own advice and refi a few properties as I am a younger investor with equity lol.

Hey @Jim Kalish. There is a good book that briefly goes over the importance of setting up a daily routine. Although brief I found it helpful. The book is Building Wealth One House At A Time by John Schaub. Good Luck.

@Shera Linares I have a commercial lender connection. I wonder if they would lend on somethng like this. Rates are a bit higher however.