Quote:
Originally Posted by TRDood
Ohhh my. Wait till Redline_Daily sees this thread. He thinks investing in real estate is unethical as per wenzhou thread 
I would like to learn more about taxes and risk of renting out in US. Do Canadians buy houses in Point Roberts to live? Since it's only a couple blocks away fro
Twasassen.
What about Washington state? I just think it's easier if I can drive down there whenever I want, instead of flying.
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Taxes - very complex area for those investing in the US, well, it can be easy, but when its easy you lose 30% gross income to withholding, which kills your returns, this is my area of expertise and one major area I provide value to people who invest with me. Unfortunately I can't give out tax advice as I am a professional in this area and can get sued for giving out advice (I'm dead serious) - but just know, the whole tax issue is a major headache for most investors and ends up costing them a lot of money either through 1) paying high taxes or 2) paying someone a lot of money to organize their affairs to be tax efficient
Risk of renting - depends on the area. My area of expertise is certain areas of Phoenix where rental demand is high from locals for certain reasons (you'd have to see my website or talk to me for more info on that) - now you speak of Washington, I know yields will be much lower in Washington as prices weren't hit as hard as in other areas, and to be honest I haven't analyzed WA as a place to invest, but all I know is that there are WAY better places to invest.
As for point roberts, no one buys there for anything other than a summer cottage or w/e, most ppl in point bob are cdns