Hello all,
New member here, I've been lurking for a while but this is my first post. My husband and I are Canadians currently living overseas and planning to move back to the Ottawa area within 2-3 years. We have always wanted to get into real estate investing once back in Canada but I have been trying to think if it's possible to get a head start on it while we live overseas.
The avenues I have so far explored don't seem to be feasible due to restrictions on non-resident investments, undesirable tax consequences or simply the number of flights back and forth required to purchase and manage a property. I think I'm confined to just researching the market and developing a business plan and financial model, which I've been doing for a couple of years now. Any other ideas on how to get started? It's a bit frustrating to have capital and plans to use it and be forced to sit on the sidelines.
Thanks.
New member here, I've been lurking for a while but this is my first post. My husband and I are Canadians currently living overseas and planning to move back to the Ottawa area within 2-3 years. We have always wanted to get into real estate investing once back in Canada but I have been trying to think if it's possible to get a head start on it while we live overseas.
The avenues I have so far explored don't seem to be feasible due to restrictions on non-resident investments, undesirable tax consequences or simply the number of flights back and forth required to purchase and manage a property. I think I'm confined to just researching the market and developing a business plan and financial model, which I've been doing for a couple of years now. Any other ideas on how to get started? It's a bit frustrating to have capital and plans to use it and be forced to sit on the sidelines.
Thanks.