Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Lauren Cohen

Lauren Cohen has started 1 posts and replied 11 times.

Post: refinance for foreign investor

Lauren Cohen
Pro Member
Posted
  • Attorney
  • Boca Raton, FL & Toronto
  • Posts 49
  • Votes 10

Please feel free to reach out to me. I work with foreign investors, almost exclusively and have access to pretty amazing financing options through my strategic partners. Happy to help you.

Post: General investing (starting out at 21) Seeking advice and a Mentor

Lauren Cohen
Pro Member
Posted
  • Attorney
  • Boca Raton, FL & Toronto
  • Posts 49
  • Votes 10

That's what we do - every day! Come to my Masterclass tomorrow if you are available at noon. 

Post: Question: Tax Implications for a Canadian investing in US multifamily real estate?

Lauren Cohen
Pro Member
Posted
  • Attorney
  • Boca Raton, FL & Toronto
  • Posts 49
  • Votes 10

When investing in any type of real estate in the U.S. as a Canadian, the entities that you set up are so important from the perspective of avoiding double taxation and legal liability. It is essential that you consult with an experienced cross-border team including attorney(s) and tax expert(s) to ensure that you access the right advice!

Post: Canadian Real Estate Investors

Lauren Cohen
Pro Member
Posted
  • Attorney
  • Boca Raton, FL & Toronto
  • Posts 49
  • Votes 10

I'm originally from Canada and now in Florida. Would love to connect with fellow Canadians investing in the U.S.!

Post: Is there a Visa for Canadians investing in US?

Lauren Cohen
Pro Member
Posted
  • Attorney
  • Boca Raton, FL & Toronto
  • Posts 49
  • Votes 10

You don't NED a visa to invest in the U.S., but it does make things much easier AND give you access too a wide range of benefits, not the least of which is obtaining your SSN and being able to build U.S. credit and access financing. Our signature program is called HOW TO IMMIGRATE THROUGH REAL ESTATE and we specialize in working with Cdn investors seeking visas connected to their U.S. real estate investing activities!

Post: Avoid double taxation while flipping in Baltimore but residing in Canada

Lauren Cohen
Pro Member
Posted
  • Attorney
  • Boca Raton, FL & Toronto
  • Posts 49
  • Votes 10

It is essential to have the proper entities set up to avoid double-taxation. An LLC on its own is not going to accomplish your goals as the CRA considers LLC's to be "disregarded entities". Let us know if we can assist you.

Post: Avoid double taxation while flipping in Baltimore but residing in Canada

Lauren Cohen
Pro Member
Posted
  • Attorney
  • Boca Raton, FL & Toronto
  • Posts 49
  • Votes 10
Quote from @Stevo Sun:
Quote from @Gustavo R.:

Hello guys! Glad to be part of this community.

I live in Toronto, Canada but I'm starting my first flip now at the end of September in Baltimore/MD, closing is September 20th. The reason why I decided on Baltimore is because my friend-partner lives there and he had done 20+ flips in the last 3-4 years. I have a few questions and need guidance from people more experienced than me. 

Can I be double-taxed by the USA (IRS) and CANADA (CRA) when doing my flips or holding rental properties in the USA while living in CANADA? If yes, is there a way to avoid being double-taxed without the need to move to the US?

It seems the US has more tax benefits in Real Estate than Canada (I'm not sure) - How can I take advantage of it while residing in Canada?
Any recommendations of CPA that are familiar with that type of scenario I described above?

And last thing, my LLC has EIN but I don't have ITIN - I'll be physically in Baltimore in few days. Is it possible to open a bizz bank account without ITIN?

Thank you

Gustavo


 There is a tax treaty between Canada and US, so you probably will not be paying double taxes. But you will be paying the higher tax rate, since Canada is higher usually there will be a top up.


Post: General investing (starting out at 21) Seeking advice and a Mentor

Lauren Cohen
Pro Member
Posted
  • Attorney
  • Boca Raton, FL & Toronto
  • Posts 49
  • Votes 10

Maybe you are speaking with the wrong lenders. All of my lenders are focused on helping Canadians seeking to investing in the U.S.

Post: Canadian moving to US - Too Early to Start RE Journey?

Lauren Cohen
Pro Member
Posted
  • Attorney
  • Boca Raton, FL & Toronto
  • Posts 49
  • Votes 10

Hi Ryan, this is one of our specialties (I am a cross-border lawyer and realtor). Let me know if you would like our assistance. Thanks!

Post: HOW TO IMMIGRATE THROUGH REAL ESTATE!

Lauren Cohen
Pro Member
Posted
  • Attorney
  • Boca Raton, FL & Toronto
  • Posts 49
  • Votes 10

Do you (or your clients) Want to get out of the cold? Sick of paying high taxes? Want to explore new opportunities to invest in the U.S.? Learn how you can have all that through real estate investment, and how it can pave your path to a U.S. immigration visa. ... Join us on February 10th @ 12 pm et to discover how to IMMIGRATE THROUGH REAL ESTATE! #investliveworkplay #crossborderexpert #immigrationthroughrealestate #investingacrossborders