All Forum Posts by: Don Wong

It comes down to your investment horizon and the number of properties you hold.  If you intend to grow, incorporation is the way to go.  Another factor is your personal marginal rates and if you are at the higher bracket, it makes more sense to incorporate.  Drawback is incorporation do have higher compliance costs (eg. tax filings and annual returns with the province)

@Gary Mangat: what is the best area for schools and any suggestions on neighborhood pockets to avoid?

thanks!

Hi everyone! I am a RE investor from Toronto and considering relocating the family to Calgary due to my spouse's work requirements.

What are the best neighbourhoods for schools? I am looking to buy a live-in multi-family (3+ units) and wonder if there are such neighbourhoods with these multi families properties?

Look forward connecting!

Don

I’m a newbie and this is my first property purchase in the US. The seller accepted the offer last week and I’m currently in the process of inspecting the property (coming up in two days). 

I’m taking this time to do my own due diligence and noticed the listing and the county records has significant discrepancies in the number of bathrooms and bedrooms. 

The listing shows 7 bed/7 baths, but the county only showed 6 bed/4 baths. I haven’t seen the property in person except had my realtor video conferencing a walkthrough. The number of bed/baths on the listing matches with the actual house. Are the extra bedroom, bathrooms a concern (eg. Reno not up to code, etc.)

Is this a huge red flag? Time to get out of the deal?

PS - I’m in the state of Florida. House was built in 2014

Hi, I’ve just got my first property under contract. I’m looking for a contractor in the Kissimmee/Davenport area. I’m out of state, so had anyone have any good, trusting contractor contacts that could recommend?

Many thanks!

 Thanks @Reinaldo Lopez!

Hi everyone,

I’m about to bid on my first property and was wondering if anyone could recommend a reliable building inspector in Davenport. My agent recommends “his guy” but I want some objectivity so I want to ask if anyone from BP could recommend one!

Much Appreciated!

Don

Hi Everyone,

I'm a Canadian investor looking to purchase a SFH for short-term rentals in the Kissimmee/Davenport area. Does anyone have any insurance brokers they recommend?

Many thanks!

Hi @Ned Canada

Congrats on your US property! I noted you also had a property in BC - how did you finance your property purchase in the states? Were you able to obtain a mortgage (assuming you are not a US citizen?)

@Account Closed I am also looking at Cornwall as well.  Did you have a reputable management company you can recommend?

Thanks!