All Forum Posts by: Paul D.

Paul D. has started 2 posts and replied 8 times.

Hey everyone

Looking for a decent pm around the Cleveland/ Shaker heights area. Please recommend.

Regards

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Hello everyone

Looking for some direction on how to structure business for tax purposes for a Canadian resident investing in US. What would be the best way using LLC or LLP or C-Corp ?

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Hello everyone

Didn't want to create a new thread and OP sorry for the plugin. I too am looking to invest in Columbus, local investors, agents, wholesalers, sellers, please send me what you have.

And good to know some property management companies as well as contractors.

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Thank you. Been looking at Phoenix and Tucson AZ areas. And found some local lenders who can do financing at 70% or 75% ltv but higher interest rates, only if I'm desperate I guess.

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Thanks for the replies. Sorry just seeing it now. Have contacts with RBC and TD, both have limits of upto 4 financed properties between US and Canada and higher down payment with investment financing.

RBC can finance anywhere in US, TD is restricted mostly to East Coast.

Looking for any other financing options.

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Originally posted by @Frank Wong:

Hi Andres,

You want quality vs quantity for sure. Quality will have better tenants, fall in a better area, and will be more stable. Now quality will not necessarily mean a higher cash on cash. Usually, it is the opposite. A better property will have less cash flow because of the higher cost of acquisition. The goal is to find the sweet spot where you can maximize cash flow with quality. For each investor, the sweet spot is different based on how they view what quality is.

Lots of investors goal is to get as many doors as possible. For example, they want 30 doors netting $200 a piece. I rather have a fewer amount say 8 doors with zero loan balances which will net me the same amount as 30 doors maxed out on LTV. For me it's about time. I don't want to deal with 30 doors netting me $200 each. Yes, I get the argument that I don't have 30 houses leveraged for appreciation. On the flip side I also don't have the risk of 30 houses leveraged should the market go against me.

Couldn't agree more. Unless the property was acquired at a really good price in downturn market, in order to obtain a higher cash flow property right now means it will be less appreciating and not the best neighborhoods. Zero or lower cash flow would be the opposite and better neighborhoods but bigger payoff with appreciation.

If you do opt for higher cash flow properties and aim for more doors in coming years, time and energy spent will be higher obtaining and maintaining than with less doors but less cash flow but better appreciation.

Best strategy would be a balance of both. Good luck.

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Hi everyone,

Forum browser and first time post. I am Canadian looking for investment financing in US. Currently have few properties in Florida but looking to expand to other states.

Any help appreciated.

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Hey girls and guys,

First time post here and see interesting discussions. What are some good markets for buying in US besides Florida ?

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All Forum Posts by: Paul D.

Paul D. has started 2 posts and replied 8 times.

Post: Cleveland Property Management

Post: Tax structure for Canada and US

Post: Looking to invest in Columbus Ohio

Post: Investment financing for Canadians

Post: Investment financing for Canadians

Post: Is it more about Quality or Quantity? - Real Estate Investing

Post: Investment financing for Canadians

Post: Where are the Canadians of BP?