All Forum Posts by: Jonathan Leblond

With the right entities in place and a team or cie you trust over there, I really think you should invest in USA. Good luck 

I agree with @Jim Pellerin. I was looking to invest in canada at some point but # will rarely make sense... You may want to have a look south of the borders! Many states have really good invesment oppotunities. Good luck

@Manasseh Arnold Great I saw the post! We are setting a business in Albany and we are also looking at Cohoes, Troy, Watervliet, Renssellaer. We are not done with all the paper work since I'm Canadian and my brother American. It will be ready soon and we will ideally look at 3 units and more. 

As soon as I can cross the borders and meetup are allowed I'll make sure to attend a few one to meet more people in the area. 

House hack is a good way to start. Good luck on your return. Keep in touch.

Hi, I'm also looking at multi to buy around Albany NY. If you ever find a deal that you can't pursue feel free to send it too me! I'll do the same if I ever come across something that I can't buy for any reason. See you out there.

LLC are bad for canadian invester. It will end up in double taxation. The LP structure is more convenient for canadian. It's a flow thru, you pay US taxes and then only the remaining as a canadian. Research the web for LP structure for canadian investing in US. Then ask a CPA to clarify evrything. Depending on your goal the LP may not be your best option either. Good luck

There is a difference but here is what I understand :

1. Lawyer are expensive and rarely specialized in every state. So they will answer the best they can and hope to get you business if you ask that question. And you may have to ask many to get a clear answer and that is very expensive.

2. Same for CPA. 

So, some state have different rules and some may be advantageous for you. But, there is tax related paper work and maintenance cost every year that can cost a lot too. 

There was a good BP podcast about setting entities with someone talking about Delaware trust and stuff like that. I'll try to find it. Maybe it could help you. But to keep things easy, simple, clear and straightforward when starting, it may be better to keep it local (where you invest) or where there is a CPA and/or Lawyer that you trust and knows what there talking about. Remembet that the more entities you have the more it cost not only to set up but also yearly fees associated with them.

Have a look @Stephen fryer entities. The LP is probably the best option. From all the research I've done in the past 6 month, it's always the one coming back and the one that seems the best for us Canadian investing in US. Flow-thru, liability, even estate tax with the c-corp making every asset "canadian". 

To invest in MTL you have to aim for rehab, add a unit (basement), or find a deal in the bigger and deficient apartment building. Some bad landlord inherited apartment complex and they don't care about it. Find those and it may be worth it. Otherwise, everything is speculation and you're looking at increase in value over time because they don't cash flow at all. If you break even buying turnkey today you are lucky.

CPA and the book on Tax strategies for the savvy RE investor.

It will impact a lot. I was planning a few trips this month to set a few things and probably buy something! It will be more complicated now! And Can$ keeps going down...