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Updated over 6 years ago,
Canadian buying in the States
Hello everyone,
I'm a Canadian investor, who has a few properties in the GTA. My goal is to become financially independent as soon as possible and at this point the only way I see that being remotely feasible is to sell one of my properties here and use the cash to buy muti-family properties in the States outright. This is because the 1% rule is virtually impossible to achieve here.
I have 2 questions:
- Is it advisable to buy the properties in the states under a corporation or in my own name? (how do the taxes work)
- Places I'm considering are Birmingham, AL and Atlanta but I wonder if there are more promising cities where one can but C properties in B neighbourhoods for less than 150k (USD)?
I realize my questions are quite broad but I appreciate ay information any of you can provide.
Thanks