Anyone investing from Canada?

[Mirza Razin Alam]

Hello BP community! 

I've been diving into research lately on getting into the U.S. real estate market, with a particular interest in BRRRR strategies—especially in more affordable areas like Ohio (seems to be a lot of buzz there).

I'm still fairly early in the journey: I've purchased a turnkey property here in Canada before, but haven't done any BRRRRs yet. Honestly, the Canadian market feels a bit too restrictive and cash-heavy to make BRRRR viable, which is why I'm exploring options south of the border.

I'd love to connect with anyone who's done BRRRRs in the U.S. as a Canadian. Curious to hear your experience setting up an LLC and staying on the right side of taxes, how you've handled project financing with reasonable down payments and cash-out refi exit options, and what it's been like working with contractors and property managers from afar.

Also, if you've got any advice on mistakes to avoid early on, I'm all ears. And I'm open to chatting about the idea of going the JV route to get a feel for the process before going all in.

Any insights or stories you’re open to sharing would be really appreciated. Thanks in advance!

[Remington Lyman]

Quote from @Mirza Razin Alam:

Hello BP community! 

I've been diving into research lately on getting into the U.S. real estate market, with a particular interest in BRRRR strategies—especially in more affordable areas like Ohio (seems to be a lot of buzz there).

I'm still fairly early in the journey: I've purchased a turnkey property here in Canada before, but haven't done any BRRRRs yet. Honestly, the Canadian market feels a bit too restrictive and cash-heavy to make BRRRR viable, which is why I'm exploring options south of the border.

I'd love to connect with anyone who's done BRRRRs in the U.S. as a Canadian. Curious to hear your experience setting up an LLC and staying on the right side of taxes, how you've handled project financing with reasonable down payments and cash-out refi exit options, and what it's been like working with contractors and property managers from afar.

Also, if you've got any advice on mistakes to avoid early on, I'm all ears. And I'm open to chatting about the idea of going the JV route to get a feel for the process before going all in.

Any insights or stories you’re open to sharing would be really appreciated. Thanks in advance!

 Begin by searching for a lender experienced in providing loans to Canadians. They can guide you with the necessary steps and best practices to initiate the process. If you're interested, I can refer you to a lender who has successfully handled this before.