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All Forum Posts by: Melissa Brookes

Melissa Brookes has started 1 posts and replied 4 times.

Post: US Citizens Investing in Residential Rentals?

Melissa BrookesPosted
  • Palma Sola, FL
  • Posts 4
  • Votes 1

Hello, @Kate H. We have been quite busy with our full time business and taking care of our almost-one-year-old, but have come around on the idea of purchasing a duplex or triplex, keeping one unit for our use and then renting out the others. I know that there are specific tax implications (withholding of some tax up front, for example), and am fine with that, but I think our major concern is simply that of holding value/ appreciation. I know that if we were to eventually move full time we'd likely want to be in Westmount, but for this venture we've been advised that Le Plateau is probably our best options for something extremely rentable that will hold value. @Olivier LePage - would you say that's a good choice of neighborhood to get stable tenants and hold value for a longer term? I should probably also mention that aesthetically we are "old home" people - we love details like exposed brick, beams, etc. so we're not looking for an ultra-modern "cookie cutter". I realize that also might impact our search areas. Thanks!!

Post: US Citizens Investing in Residential Rentals?

Melissa BrookesPosted
  • Palma Sola, FL
  • Posts 4
  • Votes 1

Hi all!

My husband and I are starting out on our long-term plan to relocate to Montreal in a few years. Since the dollar is so strong now, we figure it's a good time to perhaps invest in a property and generate some rental income, with the ultimate goal being to either keep it as a cash cow (if it proves to be rather profitable), or perhaps even move into it when we move. Are there any Americans here who have experience renting out Quebecois/ Montreal residential property who can share words of wisdom?

Thanks in advance!

Post: Anyone investing in Panama?

Melissa BrookesPosted
  • Palma Sola, FL
  • Posts 4
  • Votes 1

My husband and I just made a trip down and toured a number of what seemed like attractive options, spanning neighborhoods including Avenida Balboa, Costa del Este, and Clayton (among others). While rental ROI appears to be attractive even after carrying costs, the 11% transfer tax when you sell seems like a turn off. I haven't been able to find any like-minded folks to discuss their view on this, and would LOVE to connect if there are any out there!!

Post: Panama

Melissa BrookesPosted
  • Palma Sola, FL
  • Posts 4
  • Votes 1

Jackie - Thanks for the wealth of insight here! My husband and I just returned from a trip to tour possible investment units in Panama City (across a number of neighborhoods). Our thinking was in the vein of what you mentioned about the demand for American style rental demand there. While returns seem to be solid in the short term, our concern is more about overall appreciation. More specifically, we're concerned that while monthly ROI might be decent, come the day we want to sell, appreciation will not have been enough to break even after the 11% transfer tax. What are your thoughts?