@meaghanlazenby2020

Hey Keith, In my experience and from my perspective it depends on how many properties you plan on owning whether you create a corp or invest in your personal name.. If you only plan on having 1 or 2 properties less than $1.5M a corporation is not necessary (IMO), as there are extra costs for setting up and maintaining a corporation. But if you plan on owning more and for higher values that you would like to pass down to children in the future, setting up a corporation is smart and I personally do it this way. I would recommend you speak to your accountant. We have a simple 2-3 page co-ownership agreement and it outlines the major tasks, who will do them, how we make decisions, who does bookkeeping, tax prep work, if we need to investment money, exit strategy process. As far as splitting the responsibilities, I firmly believe everyone should just work in their strengths and do the tasks they like and have skills/talents in, otherwise people will be unhappy. Hire people to do the important work like accounting and tax prep. My two cents.

Hey Phil, Welcome! Where you do like to invest? In Montreal as well?

Nice to meet you Elliott. Welcome to the group, I'd love to connect with you and see where you are at on your real estate investing journey.😀