Canadians doing some U.S. Real Estate Investing
We have recently decided to pool together our resources with some family members to take advantage of the low prices and low interest rates and purchase a vacation property in Florida.
Our concern is with seeking out the right resources to figure out how to format this purchase.
For example, some have mentioned incorporating a business to do the deal, however I have read online that this might not be the smartest move in terms of dealing with U.S. taxes.
Do you have any information or any resources that would give us some direction?