All Forum Posts by: Brian Rae

@Jeff Zimmerman

Hi everyone, I am pretty new here.  I am a Canadian student looking to invest in a multi-family property in Fresno, CA.

My situation is that I have saved up some money for a down payment but, as a student, would not be able to qualify for a conventional mortgage. So I plan on partnering with someone who would be able to qualify to purchase a 2-to-8 unit property in Fresno, CA.

Basically, I could use some advice about investing in America as a Canadian citizen. Any thoughts? What would be the best way to structure the deal? Should I partner with an American or another Canadian? How do taxes work? Do I need to pay taxes twice? How does ownership without residential status work? Should I use a conventional or a commercial loan? Should I use a Canadian or American loan? Anything helps.

Thank you so much!

Thanks guys! I appreciate the encouragement.

@Antoine Martel, I'd love to chat about partnering on a deal. I'm actually really wanting to get a place in Fresno, CA to rent out. Not sure if you'd be interested in that?

Hi everyone,

First off, just have to say thank you to Brandon and Josh and all of you on BP that are so generous with your knowledge. I keep looking for the catch but it seems that there are just some really good people in this world and I love it. So thank you.

Here's my situation. I'm 21, living in Vancouver, BC (Canada) with my parents (no rent! :D), have been working part-time since I was 14 and in school and have invested all my money in mutual funds which have been great. In September I move to Victoria, BC where the median house price is $550k to finish off my BA degree. I will be in full-time studies for 12 months there. I've got about $50k saved up and might be able to get more through private lending from family. As I'll be studying full-time in an accelerated program (2 years worth in 1 year), I likely won't apply for a part-time job. Rather than spend $10,000 on rent during my stay, I am hoping to do a house hack.

Looking for any kind of wisdom about this. Could the numbers work? Are there other options? 

Thanks in advance!

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Brian