BUYING U.S. REAL ESTATE AS A CANADIAN. How to buy rental properties in the USA as a Canadian.
HTML-код
- Опубликовано: 4 июл 2024
- How can a Canadian invest in U.S. real estate? This video outlines a step-by-step walk through on how to buy properties in the US as Canadians.
Canadian real estate investor Darren Voros sits down with Zeb and Colleen Tsikira to find out how they were able to acquire two properties almost simultaneously in the Phoenix, Arizona area while on vacation there.
Zeb and Colleen walk through how they selected the areas they wanted to invest in, what kind of properties they ended up buying, how they were able to finance both properties in the US as Canadians, the differences between the legal process, why they chose to rent them as short-term AirBnB's and how they are managing these properties remotely from Canada.
To reach Zeb and Colleen:
RUclips: The Tsikiras
Facebook: The Tsikiras
Instagram: The Tsikiras
Website: thetsikiras.com
DISCLAIMER:
WITH ANY AND ALL INVESTING YOU SHOULD ALWAYS OBTAIN INDEPENDENT LEGAL, TAXATION AND FINANCIAL ADVICE BEFORE INVESTING ANY OF YOUR OWN MONEY.
____________________
Real estate investing COACHING with Darren:
www.darrenvoros.com/coach-wit...
Book a call with Darren:
calendly.com/darrenvoros
Join our Meet Up:
groups/57298...
Have a question? Best to comment on RUclips or DM on Instagram or Facebook.
Instagram: / darren.voros
Facebook: / reibydarrenvoros
Website: darrenvoros.com/
►SUBSCRIBE: / darrenvoros
____________________
Darren Voros
Darren’s diverse skillset has taken him to many stages around the world. He has been featured as an on-air renovation expert on “The Goods” (CBC) and “CityLine” (CityTV). Darren was also the behind the scenes contractor on “Save My Reno” (HGTV) and “Game of Homes (W Network).
Darren is an accomplished real estate investor, trainer and coach. He controls a portfolio of properties worth just over $10,000,000 and has travelled across North America educating, inspiring and motivating audiences on the subject of real estate investing, financial independence and financial literacy. Darren’s willingness to give back prompted him to launch his RUclips channel in 2020 in order to have a wider reach in educating investors. 
Кино
![Eminem - Tobey (feat. Big Sean & Babytron) [Official Audio]](http://i.ytimg.com/vi/9xn0OHEZZ8Q/mqdefault.jpg)
Getting a head start by beginning early is the most effective way to build wealth, with investment taking precedence. I've learned from last year's experience that starting early allowed me to create a better life through early investments this time around.
I always consult a financial advisor before investing. During the pandemic, I used their strategies to minimise risks and maximize profits, generating around $3 million in three years with my advisor, Jenny Pamogas Canaya.
With the help of google you can book an appointment. She has a wealth of experience in the financial market gained over several years.
Great conversation to listen in on! Thanks for all of the info!
Great video! Darren you asked all the great questions I was wondering about. Great couple, very inspiring.
Glad it was helpful.
Very cool interview. Great guys! Great experience 🔥🔥🔥
Such a great episode! Thank you
Hi Darren , I live in Halifax , Nova Scotia .....Housing prices are threw the roof making it very difficult to find profitable rental properties . I am a new Subscriber and love this video. Big shout out to the Tsikiras for sharing their story.
Glad you enjoyed it Stephen. Keep plugging away. If you stick to your fundamentals, eventually a good deal will come along.
@@DarrenVoros I am going to invested in mini homes and rent them out . My buddy who is a carpenter owns many and is completely renovating them and then selling them to me to rent them out
@@thefunnyvideos9090 Any way I can buy one for my grandparents? They need 3bedroom/2 bathroom, # EAST COAST
I have followed the tsikiras on social media, love what they've accomplished
They're inspiring to a lot of people. Glad you enjoyed the interview.
Great video! Good info and you asked all the important questions
Glad you enjoyed it!
You have an incredible talent making the exact videos I am looking for! Killed it again, Thanks!
Happy to help Austin. Anything you'd like to see me tackle in the new year?
Hi i would like to know the closing fees and the taxes related to non resident..buyer? Thanks
Awesome info - yes please do another episode with more info on Air b n b properties!!
Yes, I need to have Colleen and Zeb back to dive into the specifics on AirBnB
I'm wondering what % income tax you pay for your rental income as a foreign home owner
Do you have to report rental income to both county Canada and USA ? Reply would be appreciated. 😊
I find it very interesting that this couple that had a pre-approved mortgage through a Canadian Bank, did not investigate more back in Canada to find a financial package for Arizona at less of an interest rate. TD bank and HSBC exist in the USA. I think for the savings in interest alone, it would have been worth the "cheap" flight to come back later and not rush a timeline. Great video - and a big thanks to this couple for their share. I believe the US real estate market holds many investment opportunities for Canadians - much more so than Canada, as you get better bang for the buck when it comes to various property types...
This was an amazing amount of information Thank you
Glad you enjoyed it Vanessa!
Great video. Surprised an LLC was used vs US LP. As far as I know Canada doesn’t recognize LLCs.
yup they will likely pay double taxes.
@@w1p3d no , foreign tax credit
I’m curious which lender you are using in usa ? Someone that will loan to Canadians in usa. ????
I am looking to do the same. What was the name of the company that offered the financing?
So informative ! Thank you
Glad it was helpful!
Do we need B1 visa for that?? If we are driving by car what do we need to tell immigration offficers exactly what we are going for?? Plus I want to make rental income do I also need to pay 20% down since I’m not planning to live there?
What a terrific couple
What percentage % usually property management company charge to take care of your rental property in USA 🇺🇸? Doesn’t have to be exact number
11:36 ok man, so different bank right? Just use a different bank that lets *(edit: them)* buy in Arizona, correct?
Great video they are so amazing 🎉🎉🎉
Thank you 🤗
Any more info on title company
excellent video thanks
Glad you liked it!
Great video thanks! They mentioned they are buying property through an LLC. From my research, LLC for real estate leads to double taxation in USA and Canada. How do they avoid double taxation through an LLC?
I'm wondering the same thing
I'll answer this on the Ask Me Anything today (Dec 23rd). Tune in at 12pm EST.
What is the name of the lender you used?
I would reach out to Colleen and Zeb directly and ask them who they used on these transactions. You can find them at www.thetsikiras.com
hey, I’m 18 got 33k and I am thinking of becoming a real estate agent and moving to the usa to do real estate because I heard there is really good money in the usa and also less competition....SHOULD I ? if yes or no why ? thank you
That's a loaded question with a simple answer. It depends :) There is more opportunity in the US based on the population but more competition. I believe you can be successful wherever you are if you have the right skills, tools and mindset.
Wondering what lenders/ group they have used?
They charge 7% interest when normal is like 2%... I’d like to know if you could finance in Canada and pay cash in us
Hi Guys. Thanks for the video. I have a question pertain to taxes and legality of canadians using their home as AirBnB in USA. I have heard that technically AirBnB is considered a business - as opposed to a long term rental which is considered passive - and that as canadians we cannot engage in business in the USA without proper work / business authorization. As such to operate a AirBnB we need to have a contract with a property management company in place or appropriate work authorization that allows us to work / manage the AirBnB property . Is this correct?
I am a resident of Ontario and am getting close to retirement. I would like to explore opportunities for investment properties in Florida. Being of South Asian origin , I would like to look at more demographically diverse multi-cultural communities. Thanks!
You should tune into my next video this Sunday at 6pm! It is an interview dedicated to getting started with cross-border investing.
I live in saskatoon 🇨🇦 and I like to live in Arizona.
Arizona is a great place to live... in the winter :)
Nevada is where I’m looking
Ya I like Nevada too.
Could you ,please, come back to the subject :
"I am Canadian, I want to buy real estate in the US",
yes all the speakers on the net at the time was unable to answer your question:
I am Canadian, I am buying a house in the USA to make a rental investment (I want to buy a house not 10 houses...)
how much tax do I pay in the US, how much tax do I pay in Canada?
taxs on annual rents ?
thank you for taking my suggestion into consideration.
If you make money, you pay tax. It's that simple. How much tax you pay and where you pay your taxes depends on your structure. I'm not an accountant or a lawyer so I don't give out tax or legal advice but if you search this topic online there are so many resources to get your cross border tax questions answered. I hope that helps.
@@DarrenVoros✔ Well I'll give you the answer, if an "average" Canadian buys one (not two or ten) apartment in US from which he withdraws $1000 net per month, count $400 aside per month to manage the tenants & his credit, if he has credit .✔
in short, apart from the empirical rule of 1%, well known in real estate, no profit
Boring calculus:he will pay $200 per month in taxs to the "US" and he will pay $150 "to Revenue Canada": total cost $350 in taxes per month, to which it will be necessary to add "the American property tax on the rented property, count "$200 per month", will remain in "the pocket of the Canadian "$450 per month", on the $450 he will have to pay immediately $50 per month because the bathroom will have to be redone every 4 to 5 years, in short there will be $400 per month left to pay for managing the tenants, his credit if he has a credit.
We are Canadian and our kid was born in USA and will be dual citizen, can we come as visitor and my kiddo can study in US schools? Thanks!
Your kids can go to school as US citizens. Yiu as a Canadian can visit and stay in the US for 90 days (pls double-check ). You have options in living the states 1) get a TN visa to work for long term 2) obtain a green card through your son (it’s a long process ). In the Long term your child will need to make and decision if he chooses to stay in Canada while keeping his US citizenship. I believe there is a tax implication !
@@mdte5421 how long it takes to get the US citizenship, after my daughter turns 21. We are now Canadian citizens and I think we can stay for 6 months in a stretch.
It used to be 21. Check on ncis website
I live in ontario need to know how to buy house in Houston Texas.
I will actually be uploading a video this upcoming Sunday on cross-border investment if you are still interested!
@@DarrenVoros thanks
Looking forward to this 😀 because I want the Something 🤞
Same living in Ontario and looking to buy a property in Houston
Do you need to be vaxxed to enter still?
You look like the huy from Justified lol