All Forum Posts by: Stephen Fryer

Hey @Jared Comeau. Feel free to connect with me directly. I would be happy to share my experience. 

Hey @Jared Comeau

I live in Ottawa and invest in South Bend, IN. I'll pm you with some resources that can help you with tax questions and how to set yourself up to avoid the dreaded double taxation issues. 

Hi @Amanda Williams. I live in Ottawa, Canada and invest in both Elkhart and South Bend. I'll pm you with some information for a property manager that I rely on to be my boots on the ground and front line operations manager. 

Thanks @Julie Toh. I like the idea of stacking information to make our decisions more effective. 

HI @Thomas Worbech, @Luke Hadden, @Clarence Gong. 

As a Canadian investing in the US, I've had to be creative, doing a lot of joint ventures and using private money. Canadian banks don't want to lend to me because if something goes wrong, they have to foreclose in the US. American banks aren't all that interested because if something goes wrong, they have to chase me in Canada. Being risk adverse, I'm considered a problem child. 

Having said that, I have a few resources that I can send your way. I'll pm you with the info. 

Hey there @Pierre Luc leblond

Is there any specific reason why you would you recommend that Canadians have an LLC? The Canada Revenue Agency doesn't recognize an LLC as a flow through entity. As a result, they would likely be subjected to double taxation. A Limited Partnership may be a better alternative. As a flow through entity it allows Canadians to benefit from the tax treaty between Canada and the US and get a credit for any taxes that they pay south of the border.

Hey @Julie Toh. Great article. 

Cross reference with most landlord friendly states 

https://learn.roofstock.com/blog/landlord-friendly-states

Hey @Richard Poitras

"lol for everybody out there ,up here in Canada our currency is butterflies and rainbows, but smiles and hugs are free. have a wonderful sunshiny day!"

LOL That's an awesome response. You forgot.....Recently voted #1 in Quality of Life Rankings ;-)

Hey there Ryan. I live in Ottawa and in invest in South Bend, IN. I would be happy to share. Feel free to PM me. 

HI @Account Closed

Ottawa's economy is anchored by the federal government and high tech. Of course there are also all the service industries that feed those drivers. Last year, the National Capital Region added about 50K new jobs. Almost 30K of those were in professional services including finance, insurance & real estate. All those new people need a place to live, which is driving up the cost of housing.