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Updated over 3 years ago,
Foreign Investor Investing in Property in Ontario, Canada
Good day everyone, I am new to real estate investing out in GTA, Ontario, Ca. I am currently looking to invest in real estate in GTA with a friend who is a foreigner. I am planning to take out mortgage while down payment will be split between my friend and I equally. I have researched several options, co-ownership & partnerships (considering I am still new into investing and do not want incorporate so soon).
Any advice on this? how to structure the investment and any tax implications that I need to watch out?
Appreciate any help from more experienced investors out there! thank you
Best regards,
Benny