Investing in US real estate as a PR

[AkkiV]

Hello everyone,

As a Permanent Resident of Canada, I am looking to partner with a US based friend to make a real-estate investment in the US (basically buying a property and putting it on rent).
Could someone please let me know if there is something in particular I should be concerned about going forward with the investment? e.g. not being a Canadian citizen while making the investment, forming an LLP vs LLC, double taxation in Canada and US, any other complications on getting the monthly rents and the eventual sale amount of the property back to Canada?

Any guidance would be highly appreciated.

Regards,
Akki

 

[Naturgrl]

Hello everyone,

As a Permanent Resident of Canada, I am looking to partner with a US based friend to make a real-estate investment in the US (basically buying a property and putting it on rent).
Could someone please let me know if there is something in particular I should be concerned about going forward with the investment? e.g. not being a Canadian citizen while making the investment, forming an LLP vs LLC, double taxation in Canada and US, any other complications on getting the monthly rents and the eventual sale amount of the property back to Canada?

Any guidance would be highly appreciated.

Regards,
Akki

This has nothing to do with Canadian immigration. Ask on a US forum.

 

[Copingwithlife]

As a Canadian Permanent Resident investing in the US, there are a few things to remember. First, you'll want to consider both countries' tax implications. The US and Canada have a tax treaty, which helps avoid double taxation, but you'll still need to file taxes in both places.

Thanks ChatGPT