All this sends a message: Owner in Control-an "operation" that works!

What having a {child/subsidiary} entity in the U.S.A. does is provide you with some flexibility and control on when you repatriate earnings to Canada.

Make sure you get a rent controlled unit (look at sftu.org to determine).

I use L/O's to sell because you retain more control than a mortgage, I personally wouldn't use them to buy.What works best will vary by state big time, though.Saying all that "A confused mind will always say no".

Remember you don't have to own a property to control it.Good LuckPaul

Remember you don't have to own a property to control it.Good LuckPaul

The profit split will be 50/50, the numbers are as follows: 28,209.13 due at closing 25k HML @ 15% 1 yr prepay penalty of 3,750.00 28,209.13 + 3750.00 = 31,959.13 + 35k (projected rehab/holding cost) = 66,959.13 + 5k closing = 71,959.50 ARV is 110K 110,000 - 71,959.5 = 38,040.50 / 2 = 19,020.25 potential profit.My real concern is that the property is titled in the contractor's LLC, there is money owed and I have no control of the property.

I used to invest in stocks ( still own some) Individual stocks I believe to be more speculative vs a Mutual fund or a index fund (which fools advocate) I prefer something tangible and something I have "Some" control over that is why I like real estate.I agree, they seem to assume zero learning.

Admittedly is was a 15yr term & some years ago.That way they had control of the cash if you fail to pay the mortgage so we qualified for a mortgage 70% LTV.

I would never buy and hold a condo due to lack of control of the property-the HOA becomes your partner .