Author Topic: Canadian buying rental property in the US  (Read 1079 times)

annie

  • 5 O'Clock Shadow
  • *
  • Posts: 9
Canadian buying rental property in the US
« 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.

arebelspy

  • Administrator
  • Senior Mustachian
  • *****
  • Posts: 28128
  • Age: -999
  • Location: Seattle, WA
Re: Canadian buying rental property in the US
« Reply #1 on: January 05, 2014, 12:37:22 PM »
There are a few threads on this.  Here's one to get you started:
http://www.mrmoneymustache.com/forum/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.
We are two former teachers who accumulated a bunch of real estate, retired at 29, spent some time traveling the world full time and are now settled with three kids.
If you want to know more about us, or how we did that, or see lots of pictures, this Business Insider profile tells our story pretty well.
We (rarely) blog at AdventuringAlong.com. Check out our Now page to see what we're up to currently.