Did you know that Canadian investors who own U.S. property for over 183 days in a year may be considered a U.S. resident for tax purposes under the “Substantial Presence Test?”

Overall, real estate values went up as supply was further constrained by the event, but a lot of individuals paid dearly.

Taking advice from someone with a financial BIAS is dangerous to your financial health, unless you know that individual to be “above” short term personal gain and strictly in for long term relationships and reputation.  

Every market is different, skills are different, location matters, proper due diligence matters and your individual lifestyle even matters.There are millionaires who live very humble lives and you would never know they were wealthy. 

There are also a ton of apartments competing with you in the same area that can do so many things to get tenants that are impossible as an individual owner, like giving 1-2 months free rent.   

For example, some of the property might even be eligible for bonus depreciation, but whether or not you use it depends on your short- and long-term strategy and individual needs.

The bipartisan Corporate Transparency Act, enacted in 2021 to curb illicit finance, requires many companies doing business in the United States to report information about the individuals who ultimately own or control them.

.- It seems that their prices are substantially higher than what would normally be charged for the same services.

My journey in real estate began several years ago, driven by a passion for helping individuals find their dream homes and making sound investment decisions.I specialize in residential properties, focusing on both buying and selling, as well as identifying lucrative investment opportunities.

In your case, since the roof replacement constitutes a substantial improvement to the property, it could warrant consideration for a partial disposition.