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Updated about 21 hours ago on . Most recent reply
Investing in Kansas City as a canadian?
Hey guys!
Seriously considering investing in Kansas city but curious to know if this are looking bubbly or overvalued in this market at the moment as its obviously had quite a run-up in pricing.
Also looking for contacts. Realtor, property manager, and if anyone has any experience working with Canadians investing in the states.
What can i expect for financing, taxes, do i need to open an LLC, etc.
Thank you!
Most Popular Reply
I suggest you contact a CPA in Canada, preferably one with some real estate knowledge. Looks like you will need to set yourself up as a corporation to shield yourself from a tax perspective. I have my self set up as an S-corp (through an LLC), and its not too terribly difficult or expensive.
I work both the MO and KS side of the KC metro. Im happy to chat with you about the various sub markets and strategies that work well in KC.
Its one of the rare major metro cities of the US where rent has appreciated the most consistently. Prices softened at higher price luxury new construction back when rates went up in 2022, and new construction has slowed down bc of that combined with some 'green' building regulations that went into effect in 2023 significantly slowing down res new construction in KC MO proper.
But everything else sub $500 in most regions has been appreciating well year over year. I'm happy to chat with you further. I messaged you