Anyone from Canada can advise me for multi family purchase in US

[Majibur Mollah]

Hi,

I am a small investor with a couple of single-family properties in Greater Toronto Area. None is cash flowing but has a lot of equity. Want to buy some cash flowing multi-family in US or in Ontario? Any advice from pros? 

[Omar Khan]

@Majibur Mollah Ex-pat Canadian (lived/worked in Toronto for a decade) living in Texas. Your biggest issue is going to be lending. TD, RBC and BMO all have American branches but they are mostly catering to the snowbirds-type crowd i.e. folks who have a winter home in FL or AZ. 

They do lending but primarily on "vacation" homes. Some folks have gotten around this by saying they are getting vacation homes and using them as investment properties. That is risky. 

In your particular case, it will boil down to a few things: who you invest with in the US (most important), solid cross-border CPA and investment strategy. 

Buying single family homes, especially as an international investor, is foolish because of lending, property management and other operational issues. You will eventually either have to or will be forced into investing in commercial properties to get proper returns. 

I have a ton of Canadian clients because when I helped my network invest when I moved down here. Happy to answer any questions you might have in detail. PM me.