All Forum Posts by: Xuan-Thy (XT) Bui

Lorin K. Where abouts on the East coast did your friend build the portfolio?

Hi Edison Reis ! Do you know any tax accountants on the coast that specialize in cross border investments? We're actually looking to invest in the US as opposed to staying local. Thanks in advance!

Matthew Jarvis I'm in! Let's get it going ! I live in Surrey in Fleetwood and travel all over the lower mainland, van island, Edmonton and Calgary for work so I'm able to see what's happening out there on a regular (daily) basis. Looking forward to this happening!

Originally posted by @Chad U.:

Hi @Pawan J.

First off, as for your mention of using an LLC to buy properties, this is typically not the best route for a Canadian to hold US real estate. Before you do anything, you should consult with a cross border specialist (legal/accountant) as to the best entity structure for holding your RE investments.

Hi Chad , could you please elaborate on why Canadians shouldn't, in general, hold US REI in LLC? Is there a double taxation involved with those LLCs? In your opinion, what entity structures do work well for Canadians looking to invest in the US? Thanks for the info! XT

Hi everyone! 

I'm in Calgary on a last minute work trip for today (Thursday Jan 28) and tomorrow and if any BP Calgary members would like to meet up for coffee/lunch/dinner/bowling/darts/anything please reach out to me and we'll set something up. Would love to hear about your local (read: are you capitalizing on the low oil pricing??) and abroad current investments and future strategies.

send me a colleague invite and i'll shoot you my cell #.

Cheers, XT

Hi everyone!  Busy couple of weeks on my end in regards to my actual job.  oh what a ride!

I'm actually in Calgary for today (Thursday Jan 28) and tomorrow and if any BP Calgary members would like to meet up for coffee/lunch/dinner/bowling/darts/anything please reach out to me and we'll set something up.  Would love to hear about your local (read: are you capitalizing on the low oil pricing??) and abroad current investments and future strategies.  

send me a colleague invite and i'll shoot you my cell #.  

Cheers, XT

I must say, the BP forums community is as advertised! and i've only been active since my first post on this thread a few days back. 

@Alicia Horton thanks for the detailed info. It's fascinating to see how the rental prices relative to property value fluctuate as you move towards/away from the downtown metro area. An east Abby property around $450-500K'ish would gross rent for ~$3K. My Burnaby condo (at Boundary & Kingsway) rents for $1950 and was assessed at $485K for 2015 and I had to recently adjust the mortgage payment on it to make it cashflow ever so lightly. We pulled out max equity on it back in 2010 (condo purchased in 2007, pre construction) for our house purchase. What's really hurting the cashflow is the strata (HOA) fees which are $385/month for my unit (highest in the building). Quite outrageous when you take into account that it's on the second floor and doesn't benefit from any hedge trimming, among other services. One thing i must say though is that in the 5 years, i've had zero issues with tenants and I've had 4 different tenants with 0% vacancy. That's the Vancouver market I guess.

With all that being said, my goal is not appreciation - I want to be in it for cash flow!  My wife and I have great paying jobs but to be honest we're both tired of trading our time for money.  I want to watch Sportscentre at 11AM on a Tuesday (75% joking) !

Looking forward to more connections with this great community. 

-XT 

Hi guys, I'm new to BP but would love to meetup with one or several one of you.  Hopefully a local meetup can be arranged soon.  Looking forward to more conversations with everyone!

XT

@Douglas Skipworth

that's awesome, thanks Douglas - i'll be sure to check out those links!  have a great day!

@Roy N. Merci monsieur! Je peux le pratiquer avec ma femme (elle a fait French Immersion) mais nous sommes trop lazy!