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Updated over 2 years ago, 08/02/2022

User Stats

20
Posts
5
Votes
InYoung Choung
5
Votes |
20
Posts

Canadian investing in Florida

InYoung Choung
Posted

Hello,

My family is in the process of moving to Florida from Canada.
We are planning to buy the first investment property (multi unit - house hacking). 

If I am not mistaken, first, we need to get US credit cards with local banks to build credit scores. As far as I know, Canadian credit scores don't mean anything in the US and we need to start from zero. (My husband and I have both over 800 credit scores in Canada). I had done some research to get credit cards overseas using US resident's address, but I had decided not to go that route.

second, we will need to have W2 income jobs to show proof of employment. (not sure if it's 100% necessary as long as we have some cash in hand)

Is there any advice for foreigners to invest in the US..?

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