All Forum Posts by: Account Closed

@Nils Fischer

Hi Nils, I am Canadian and please send me a DM. I will send you a list.

@Remington Lyman Hi, can you also send me the list of contractors in Cincinnati, OH? Thank you!

 Thanks Peet! I'll check with Premium Mortgage. Much appreciated!

 Hi @Peet Bothma, would you be able to share the lender's information? Thank you!

@Bruce Lynn

Hi, it will be in Philadelphia and multi.

Hi all,

I’m a Canadian citizen and I plan to purchase an investment rental property in US within 6 months. So I started to do a ground work and finally called TD US cross border mortgage today. An agent told me that TD US will stop servicing Canadians for investment property mortgages starting this mid-June.

Does anyone know the lender who provides mortgage for Canadians?

TD US mortgage - 25% downpayment with 30yr fixed ~5.7%

Thank you

@Jonathan Leblond

Hi Jonathan, I’m currently planning to buy and hold with US partner. Can you share your experience and also share your CPA and attorney contacts if possible?

Thank you!!

John

@Matthew Irish-Jones

Amazing info!! I will do more research and talk to my current bank. Thank you!

@Charles Carillo

Thank you for the heads up. I will check if my partners know any US accountant/lawyers. If no luck, I will definitely send you a DM. Thanks again!

Hi all,

I am learning so much from this site and I am trying to gather info before starting to look for my first investment (rental) property in the states. I live in Canada (East) and can’t even think of buying an investment property here (single townhouse is roughly 1.3m)

I started to chat with few friends (some live in Texas and some live in Canada) and they liked the idea of forming an entity (probably LP for tax reasons) to buy a small rental property to start with. Since one guy is from Texas, we plan to look for a property in Texas.

So my main questions are:

1. Can Canadian move funds to US (let’s say $50k) without any issues? Simply transferring Canadian personal account to the US personal account? Account holder is the same person.

2. Since this will be a group purchase, should we start with LP/LLC/trust/etc or just sole proprietorship to begin with?

3. Any recommendation the areas that we should avoid in Texas or any recommendations?

Thank you in advance and happy new year!!

John