Canadian looking to invest in Michigan for the first time

Canadian looking to invest in Michigan for the first time

Member since 2019 · 11 posts · 2 votes

Hello everyone. My business partner and I are experienced investors in Southwestern Ontario Canada, but are possibly looking to branch out to Michigan, US. Has anyone here done the same? Can anyone provide any guidance/advice? Thanks!

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Investor · Boca Raton, FL · Member since 2012 · 1k+ posts · 1k+ votes
7y
Originally posted by @Trevor Wolski:

Hello everyone. My business partner and I are experienced investors in Southwestern Ontario Canada, but are possibly looking to branch out to Michigan, US. Has anyone here done the same? Can anyone provide any guidance/advice? Thanks!

 I've been investing in the US since 2013, specifically Florida and now my company invests throughout numerous States including Michigan. Before making the plunge, I highly advise you to consult with a cross-border tax & legal specialist to determine the best entity structure to use. Then start reaching out to investor-friendly Realtors who have a good Rolodex of contacts including contractors, title companies, property managers, Etc

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  • Real Estate Broker · MI · Member since 2014 · 594 posts · 183 votes
    7y
    Originally posted by @Trevor Wolski:

    Hello everyone. My business partner and I are experienced investors in Southwestern Ontario Canada, but are possibly looking to branch out to Michigan, US. Has anyone here done the same? Can anyone provide any guidance/advice? Thanks!

    Welcome to BP! Glad you’re here. 

    There is a ton of information here as you probably already know. 

    I’m sure there are Canadians that are currently investing here in Michigan if not all over the States.

    Use the search feature and type in Canada. You’ll find they are all over the place. 

    I would suggest you set up your key words in your profile regarding Canadian investors or Canada or something to that nature. That way you will be alerted when someone posts in the forums on the keywords. 

    Best of luck! 

  • Investor · Boca Raton, FL · Member since 2012 · 1k+ posts · 1k+ votes
    7y
    Originally posted by @Trevor Wolski:

    Hello everyone. My business partner and I are experienced investors in Southwestern Ontario Canada, but are possibly looking to branch out to Michigan, US. Has anyone here done the same? Can anyone provide any guidance/advice? Thanks!

     I've been investing in the US since 2013, specifically Florida and now my company invests throughout numerous States including Michigan. Before making the plunge, I highly advise you to consult with a cross-border tax & legal specialist to determine the best entity structure to use. Then start reaching out to investor-friendly Realtors who have a good Rolodex of contacts including contractors, title companies, property managers, Etc

  • Realtor · Detroit, MI · Member since 2018 · 387 posts · 129 votes
    7y

    @Trevor Wolski  welcome to the forum. Michigan is a great market to invest in. There are many articles,podcast to help guide you in this decision. Good luvk

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