Ep 68 - Navigating Real Estate Investment Structures for US Properties: Insights from Accountant Michael Matthew in Conversation with Host Gillian Irving

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Show Summary:Navigating Real Estate Investment Structures for US Properties: Insights from Accountant Michael Matthew in Conversation with Host Gillian IrvingIn this podcast, host Jillian Irving from Lend City Mortgages hosts a conversation with Michael Matthew, a professional accountant with over 30 years of experience, on the topic of how Canadian citizens can properly set up structures for real estate investment in America. Michael explains the necessity of corporate structures, such as Equity Corporation and Limited Liability Company (LLC), for successful real estate investment. He also shares his recommendations for new real estate investors, which include obtaining sufficient education on investment principles before venturing into property ownership and considering hiring a bookkeeper for efficient management of multiple properties.03:52 Introduction and Guest Presentation01:14 Understanding Real Estate Investment in the U.S.02:12 Setting Up Your Corporate Structure for U.S. Investment03:25 Understanding the Triple C Structure07:56 How to Set Up Multiple LLCs for Different Properties11:56 The Importance of Landlord-Friendly States15:42 Understanding the Risks and Legalities of U.S. Property Investment21:59 The Process of Setting Up Entities for U.S. Property Investment26:04 Common Mistakes in U.S. Property Investment31:36 Final Tips and Contact Information