Learning about investing! Canadian trying to invest in US real estate

[Natasha Rooney]

Hello everyone! 

This is my first post. I have been interested in investing in US real estate for quite some time and have spent the summer reading books and getting a bit more familiar with it all. I can't wait to purchase our first investment property as I know that is when we will really start learning how it all works. We are hoping to purchase a multifamily property by the end of the year. Just trying to sort out the details about how it all works as a Canadian.

I am just wondering if anyone can give me a basic overview about what its like as a Canadian investing in US real estate? 

What are the tax implications? Are we taxed in Canada for overseas income as well as in the states? (double the tax?!) 

Any input welcome! 

Thanks in advance! Looking forward to being part of this community :)