- Joined
- Jan 22, 2021
- Messages
- 1
Hey all,
I am currently an owner of two properties. Of course, I am a Canadian citizen (only). I have thoughts of getting a retirement property in the USA for my own use in 15 years - and it makes sense to me to work toward getting my toe in the waters NOW in the US market.
The thought would be to get an investment property in the US in order to begin building US equity and learning how to operate in the US market. And I gotta say - wow, there are some nice, affordable places in areas that I am looking. (Current live in the the GTA, looks like I could sell my two home and buy 6 in the US in markets I am looking at!).
I honestly don't know where to start. I mean, yes - research the market, know that you are getting an appropriate property for the market, know that you can locate reliable tenants.
And who knows - there may be opportunities with property management.
Insight would be appreciated. What am I looking at for financing, costs, tax implications? How do I build a "team" of contacts - agent, banker, etc for a US purchase?
I am currently an owner of two properties. Of course, I am a Canadian citizen (only). I have thoughts of getting a retirement property in the USA for my own use in 15 years - and it makes sense to me to work toward getting my toe in the waters NOW in the US market.
The thought would be to get an investment property in the US in order to begin building US equity and learning how to operate in the US market. And I gotta say - wow, there are some nice, affordable places in areas that I am looking. (Current live in the the GTA, looks like I could sell my two home and buy 6 in the US in markets I am looking at!).
I honestly don't know where to start. I mean, yes - research the market, know that you are getting an appropriate property for the market, know that you can locate reliable tenants.
And who knows - there may be opportunities with property management.
Insight would be appreciated. What am I looking at for financing, costs, tax implications? How do I build a "team" of contacts - agent, banker, etc for a US purchase?