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Updated 9 months ago on . Most recent reply

User Stats

14
Posts
13
Votes
Ugo O.
  • New to Real Estate
  • Canada
13
Votes |
14
Posts

Any Candians Investing in the US? What's your legal structure?

Ugo O.
  • New to Real Estate
  • Canada
Posted

Hello guys,

I recently closed on a property that I bought in cash. I am looking to refinance in a few weeks and most lenders are telling me that I need to have the property under a legal entity, rather than having the property in my personal name. Is this the same with other Nonresident investors?

What Legal Entity do you have set up and approximately how much does it cost to set up and maintain? Do you guys also pay more tax than you would if you were a US resident?

If possible, could I get a reference to your Cross border CPA? I am currently looking for one! Would love to hear your thoughts

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