Canadian / US Partnership

[Account Closed]

Has anyone worked partnerships between Canada / US residents. I have a few in network that are looking to deploy funds from Canada into the US. We're unclear if this would be best completed by a limited partnership, or the options for financing when buying homes in the US. My colleagues in network do not have a lot of cash flowing opportunities in their market, whereas Ohio and the midwest does. Sort of like California investors investing in Ohio. Any feedback is much appreciated! 

[Stephen Fryer]

Hey @Account Closed

Making stuff cash flow in many Canadian cities is difficult. High house prices and rents haven't kept up. In many cities we're experiencing CAP rates of 3-4%. That's why I invest in South Bend. There's lots of opportunity to find properties at a reasonable price with decent returns.

I have properties with both Canadian and US partners and use a LP. It's an efficient entity for me and the Canada Revenue Agency recognizes it as a flow through entity for tax purposes. But there are many ways to skin a cat and everyone's situation is different. I'll pm you with a cross border tax specialist that I use. I'm sure he could help.