canadian wholesaling in US?

[Valerie Lam]

Hi everyone,

I'm new and still trying to figure out how wholesaling works. So I am a Canadian resident and was wondering if you can wholesale US properties, and how does that affect my taxes? Is this possible? any help would be appreciated

thanks.

[Mike Jakobczak]

On the tax side it is fine. I've wholesaler a few properties here and there.

Obviously building a good marketing strategy and ground team is key. As you will need to pick up off-market deals to sell to the local market investors.

Make sure you get to know your market well as serious investors will rip your property apart if your numbers don't make sense or if you are just trying to wholesale a property that is either on the MLS or being advertised at a lower purchase price on another website/wholesaler

Talk to a cross border tax account before setting anything up on the entity side as this will be important. I have good referrals for accounts if you are interested in them. Just DM