Hi Bob,Investing in U.S. multifamily properties as a Canadian is a big step, but it’s doable with the right preparation.

And don’t overthink—your first deal doesn’t have to be perfect; it just has to get you in the game.You’ve already taken a big step by asking for guidance, so keep that curiosity alive and stay consistent —let’s crush it!

Initially, I though I could only get 3 lots out of the land, but after some research and some luck I was able to subdivide the lots into 4 separate lots.

But for the most part, we have divided our properties as we initially had planned. it was great working with him.

Could you please suggest how I can start and what steps I should take?

Stay consistent and take calculated steps to gain momentum!

8. 1031 Exchanges: If I sell one of my properties, what steps do I need to take to defer taxes using a 1031 exchange?

This is obviously much better than $1,400 per month.On top of that, you will now get 2x the depreciation write-off so your taxes should go down.On top of that, you will now get 2x the appreciation when real estate price go up.On top of that, your tenants are helping you pay down the loan, initially at about $100/mo for both properties, which gradually gets better and better.On top of that, you now have more units so if one or two goes vacant, you have more renters covering the losses of the vacant units.If you want to keep these properties, I would do a cash-out refi and go buy more rental real estate.

My long term goal is to have multiple rental properties.My questions are: What would be the ideal steps to take with this house?

Liability Protection: Transferring to an LLC provides asset protection but may not always be worth the hassle or cost.Next Steps: Review your loan agreements, consult your lender, and get advice from a real estate attorney and tax pro to ensure everything’s compliant and beneficial.