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Updated 4 months ago on . Most recent reply

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Rashim Sharma
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Real investment in Michigan

Rashim Sharma
Posted

Hey team, 

I want to know my options being a Canadian citizen if I can buy real estate near my border city Detroit, MI. Will it be a good option to buy? Will income tax be very high? What should I be aware of if I am doing the purchase?

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Drew Sygit
#2 Managing Your Property Contributor
  • Property Manager
  • Royal Oak, MI
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Drew Sygit
#2 Managing Your Property Contributor
  • Property Manager
  • Royal Oak, MI
Replied

@Rashim Sharma your biggest challenge will actually be finding a lender.

There are two banks that have offices in USA and Detroit that often will lend to Canadians buying in the USA.

Can refer you to a Tax Attorney here is the US that has hundreds of Canadian clients with US properties:)

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