All Forum Posts by: Giuseppe Pavone

Hi @Vik Soota , I'm a Canadian who moved down to Floriday to invest in real estate full-time about 5 years ago.  I can refer you to my CPA who specializes in cross-border accounting and can provide some advice on what type of entity to set up, just message me if interested.  As far as financing is concerned, I'd highly recommend reaching out to some US affiliates of Canadian banks (eg. RBC).  Last I checked they have loan products for both a 2nd home or investment property and they'll use your Canadian credit to qualify you.  I would talk to all the major Canadian banks to see if they have US affiliates who could help you.  

@Derek Ryan if you’re financing I recommend talking to RBC US (not Canada).  They have a couple of loan products you could use (either 2nd home with more favorable terms or an investment loan).  I have a friend who just used them and got a great rate.  

@Petronella Kerssens maybe I overlooked it, but what type of investment are you looking to make? How are you planning to deploy that $200k? I agree with most that you probably can't go wrong either way, but are you looking for turn-key rentals? If so, what type? BRRRR opportunities? Fix & flips? Also, are you local to either market? If so, that could be a determining factor if you plan to manage yourself... closer is easier. Regardless it sounds like you've set yourself up to do well in either case. Just thinking if you know exactly how you want to use the funds may help in your decision. Happy to help if I can.

@Lauren Cohen too bad I missed you at the event!  I'm also from Canada originally and moved down to Florida via E2 Visa to invest in real estate full-time.  

Real Estate specific is tough but pretty much everything you listed above is on my playlist, but economy related where certain episodes may talk about real estate I listen to...

Forward Guidance with Jack Farley

Eurodollar University with Jeff Snider

Macrovoices with Erick Townsend

Be Financially Resiliant with Adam Taggart

@Sylvain Partisotti which country are you coming from?

I invest in Ocala and really like it.  But there aren't many parts of Central Florida I don't like!!

It's tough right now but there are deals to be had.  I would keep analyzing like you've been doing... it'll help you recognize the right deal once it comes along.  You probably feel like you'll have to "jump in" eventually though which I completely understand.  If you really want to get in the market and cash flow you can always put a larger down payment and then should interest rates fall you can potentially do a refi and pull out some equity (hopefully there's been some appreciation also).  Again though, it has to be the right deal.  Good luck!

Honestly, I would just make sure the numbers work FOR YOU and not worry about appreciation (because we're talking about Florida).  Anything can happen but Florida is the last place I'm concerned about appreciation at this time.

I'm currently a HomeVestors franchisee in Orlando and had the same dilemma as you. @Jeffrey Hotz brings up a lot of good points... all I would add is, talking to several current and former franchisees (especially those in my market) helped me make my decision.  I know there are many investors who've done extremely well without HomeVestors, but I would imagine there's more time & effort in trying to build your business that way.  It's really no different then opening up a burger restaurant, of course you can build it yourself and be really successful, or you can just go and buy a McDonald's franchise.  You're paying for the system, support and brand recognition.  I'm over 4 years in, have no regrets and would do it over again if I had the choice.  But it just made sense for me given my personality, and my personal situation.  For many, it'll make more sense to go at it another way.  Seems like there are so many ways to be successful in this business!  Probably why we all love it!