How Canadians Should Own U.S. Real Estate

[@AlejandroHernandez-hw2zw]

Allan, thank you for making this video. It's very useful.

[@AllanMadanCA]

Yes, you can use this structure for a small business too.

[@Teaps]

As a Canadian just get started THANK YOU!!!

[@jacm6935]

Hello Allen Thank you for this video In the LLC scenario does the structure need to be set up prior to purchase or is it set up after purchasing. Thank you

[@sikhatri]

Considering investment is being done in US, and their culture is that everyone is suing everyone, it's a good idea to protect yourself and personal assets, rather then saving few bucks in accounting cost.

[@irinaivanov2458]

Thank you for a great explanation! Who can help to create that LP structure? Is it a cross-border accountant? Or a lawyer? Or a lawyer?

[@frankg846]

It good news to hear it not a double taxation. I am thinking of buying a rental property in the US midwest area where homes are relatively cheap. So i need your advice greatly.

[@abbeycarmichael2588]

Great video. Thanks a bunch!

[@sikhatri]

Great video, once again. Great topic. Though one question, wouldn't LLP structure create double accounting cost, considering that you have two organizations, one C corporation and one LLP? Thanks again

[@ashleyadrias]

Great video! Subscribed! I have a few questions: 1. Method #1 Individually purchasing: 1.1 Can you outline what good liability insurance should cover? 1.2 Do I need liability insurance in Canada and the US? 1.3 What are the go-to/most popular liability insurance companies? 2. Method#4 US LLP: 2.1 Is this still a good method if you are a Canadian Citizen working in the US? 2.2 Can you still hold an H1B or TN visa while having a US LLP and US C Corp? 2.3 Why do you need a US Corp ( instead of just an LLC or LLP?) 3. Do you have advise on obtaining a loan with a US LLP?

[@AllanMadanCA]

Thank you for your questions. 1. Third party liability insurance for landlords should cover injury claims made by tenants against landlords. I suggest at least $2M of coverage. 2. If you are investing in the US, then you need a US insurance policy. However, if you are investing in Canada, then you need a Canadian insurance policy. 3. Yes, a US Limited Partnership is a great method for Canadian residents to hold US real estate investments, even if you have a US work visa. 4. There has to be a General Partner, and so we appoint a US-C-Corporation to act as a General Partner of the partnership. This protects the investors from personal liability stemming from the partnership. 5. Generally speaking, you have to have made a down-payment of 20% of the purchase price before lenders will consider offering a mortgage for the property. I suggest that you contact lenders in the area where your property is located.

[@ashleyadrias]

@@AllanMadanCA Great, thank you so much! 4. There has to be a General Partner, and so we appoint a US-C-Corporation to act as a General Partner of the partnership. This protects the investors from personal liability stemming from the partnership. Questions: 1. What is the difference between appointing the General Partner(GP) as a US-C-Corporation or a US-LLC? 2. If the property owned by the US-LLP was sued and found liable, would the US-C-Corp and US-LLP need to be dissolved? or just the US-C-Corp, since they are personally liable? 3. If you own multiple properties in the US, would you create: A. 1 US-LLP per property with 1 US-C-Corp as GP (For example, 10 properties w/ 10 US-LLPs and one common US-C-Corp GP) or B. 1 US-LLP + 1 US-C-Corp as GP per property? (For example, 10 properties w/ 10 US-LLPs and 10 separate US-C-Corps GP)

[@AllanMadanCA]

Limited Partners (Canadian individuals or Canadian corporations) of a US Limited Partnership can claim foreign tax credits in Canada for the American taxes they paid. The purpose of appointing a US C-corporation as a General Partner is to protect the limited partners from potential liabilities stemming from the partnership.

[@ashleyadrias]

@@AllanMadanCA Thank you! I look forward to working with you in the near future!

[@manololo069]

Very helpful Allan! Thanks!

[@AllanMadanCA]

I agree with you fully.

[@bonniedreger2009]

I have been considering the following structure . . . . an non-reporting LLC that is owned by a C-Corp which is owned by a Canadian Corporation. I would welcome your thoughts on this arrangement in terms of the pros and cons. Thanks.

[@anablepatrick99]

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[@philomenajack9172]

Wow I just make my second withdraw again today trading with expert Mrs Lisa

[@philomenajack9172]

She helped me recover what I lost trying to trade my self

[@woodbrown2370]

Thanks for introducing me to Mrs Lisa

[@woodbrown2370]

My first investment with Mrs Lisa gave me profit of over $24,000 us dollars and ever since then she has never failed to deliver and I can even say she's the most sincere broker I have known

[@bulldog5931]

Yes I'm also a living testimony of expert Mrs Lisa

[@7hills812]

@Allan Madan, Thank you for such a concise and clear explanation. You are amazing!!! Thank you!! Can you add content on what happens with Canadians decide to flip US Real Estate?

[@mha10]

Hi Allan, has tax law changed at all in the last 10yr that makes this video no longer valid? I don't think they have, just wondering if I can still rely on this information. Thanks!

[@frankg846]

Liked and subscribed!

[@capitalexotics]

What if I just wanted to purchase for my personal pleasure but didn’t want to rent it? Would an LLP still be the best option? Moreover, how does capital gains taxation work? Would it be best to purchase the property outright or take a mortgage (I’ve been told my entire life that mortgage interest is tax deductible - is that available if it’s your only property in the US but not your primary residence/your home in Canada).

[@yxxx6161]

which holding corp for US real estate is the best to eliminate liability issues?

[@AllanMadanCA]

Hi Bonnie, What would be the purpose of the non-reporting LLC? The limited liability is already offered by the C-Corp. - Allan

[@AllanMadanCA]

You are right. You will have to file a LLP return, plus a US C corporation tax return.

[@mthargoe]

What if I wanted to own a small business? Would this apply?

[@thomasjmj1]

Great

[@Sprucegrove123]

Good video, we are considering buying the USA either California or Hawaii, I think I should contact you.

[@AllanMadanCA]

Thank you for your positive feedback. Please feel free to call me at 905-268-0150 or send an email to [e-mail]

[@Kenword69420]

The title of this video dosnt make sense surprised they havnt corrected it in the 9 years this video has been

[@williamwhite3438]

US Real Estate investment