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Learning, Sharing, and Teaching => Real Estate and Landlording => Topic started by: annie on January 05, 2014, 12:14:35 PM

Title: Canadian buying rental property in the US
Post by: annie on January 05, 2014, 12:14:35 PM

I am a beginner starting to look at being a US landlord.  Prices in Vancouver make being a landlord a losing idea.  Blaine and Birch Bay seem much more realistic and provide a better return.  However, we are being scared off by all the tax and legal implications.  I understand I need a tax accountant and a property manager.

Anyone have any experience here that they would like to share?  Does it make sense for a Canadian to be a landlord in the USA?

I did a quick search and could not find a thread on this topic.  If there is one.. direction to that would be appreciated.

Title: Re: Canadian buying rental property in the US
Post by: arebelspy on January 05, 2014, 12:37:22 PM

There are a few threads on this.  Here's one to get you started:
https://forum.mrmoneymustache.com/real-estate-and-landlording/looking-to-buy/

Another one couldn't hurt though.  :)

My advice: Thoroughly research first your market in general, and then specific neighborhoods.  Then work on getting a reliable team there.

Both of those are crucial to success.  The latter even moreso, IMO; I'd rather have a great team in a okay area than a okay team in a great area.  YMMV, of course.