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Updated over 10 years ago, 07/09/2014
New Member - Victoria BC Canada
Hi there - I own eight rental units in British Columbia. I have regular rentals, student rentals and vacation rentals. At this point, I am looking for cash flow which is tough to find in BC, or in Canada. The 1% rule does not work where I am and we've had a long run up on appreciation so investing for this probably doesn't make sense.
I'm thinking about entering the US market and trying to work out all the issues. Financing is tough to come by it seems, and taxation and estate taxes are more complicated. Then there is the potential need to set up a trust or a US corporation. And the question of where?!
I would love to discuss this with another experienced investor from Canada or someone from the US who has worked with Canadians. Looking for a mentor and possibly a business partner. Oh - and I'm a lawyer by trade.