Episode 68 - A Canadian Investing In The USA w/ Glen Sutherland

<p class="p1">Gary chatted with investor Glen Sutherland, a Canadian investing in the USA. He started with buy/hold investments early on in Canada</p> <p class="p1">What you'll learn:</p> <ul class="ul1"> <li class="li1">How Glen migrated from buying one investment property for his retirement to multiple units</li> <li class="li1">How the ‘Bank Of Grandma’ played in to his early success - family members can be a great source of cash for your investment journey</li> <li class="li1">Proactive strategies for dealing with tenants and rent, if they are struggling or lost their job, especially during a pandemic</li> <li class="li1">Should we be investing in real estate now, or see how things play out over the coming months?</li> <li class="li1">Why it still may be a good time to invest, based on past cycles</li> <li class="li1">What happens if there is a shortage in properties for sale, or if there are too many properties for sales?</li> <li class="li1">The differences between investing in the States and Canada</li> <li class="li1">How you must do research to see where you will invest in the US</li> <li class="li1">Why prices are more favourable in certain areas, and make it easier to get into the market vs. Ontario</li> <li class="li1">Why renovation costs in the US will gain you more, as everything is more expensive in Canada - Dual flush toilets were purchased for $60</li> <li class="li1">How it’s important to assemble a strong team to help you, or a good property manager</li> <li class="li1">Why you should be afraid of purchasing properties that need more love - Glen is no longer afraid of buying cheap properties that will appraise at a higher value</li> <li class="li1">Mortgages can be had, because there are so many banks across the United States, and some that are only in different states</li> <li class="li1">What is a ‘non-recourse loan’ in the US?</li> <li class="li1">Why you should use a corporation for investing, and nothing should be in your name</li> <li class="li1">What are the loan to value ratios in the