All Forum Posts by: Maripier Carignan

I am also an investor looking for properties in that area, as well as a contractor and handyman...

Thank you Chad..I was suggested an LLC with an LP partner owning most of the share; the Canadian taxes seem to paid on the percentage of the LLC ownership share

Thank you very much Chad, this is really appreciated.

Yes, I feel that this structure is a little intense for my needs..I will do some research with a lawyer and an accountant..I have been trying to find out the best entity for my situation..

Humm, it was the Corporation that needed an separate policy for extra liability..

We are talking about homes under 100K 

What would be a decent insurance for you on a small rental?

The insurance for a property owned under a individual are also much cheaper than that of a Corporation, even if rented.. Which in the case of an individual you can get a better insurance.

Thank you Laura, and you are a Canadian? 

I do have a C Corp.. with LLLP, but trying to simplify the structure because it is costly; in annual fees and accounting fees.. Does anybody know about buying a house under a trust?

Thank you.. But in my recent researches I was told it did not provide enough liability..

I dont think a LLC is good in terms of taxes