34. Cross-border Investing with Lauren Cohen

Westside Investors Network

ABOUT LAUREN COHEN

Lauren Cohen is an International Lawyer, Realtor and Foreign Investor Expert. Originally from Toronto and now in South Florida, Lauren is also a best-selling author and sought-after speaker, and she launched her podcast, Investing Across Borders, in late 2020. Lauren and her turnkey team believe in overcoming obstacles and navigating global expansion for business owners and real estate investors while offering access to unique passive income options. Lauren’s superpower rests in paving a path to immigration visas through real estate and business investment, navigating the path for clients to invest, live, work and play across borders.

THIS TOPIC IN A NUTSHELL:

[01:23] Lauren’s career background

[02:20] Her mission and motto in life

[02:35] How she got started in the immigration space

[04:11] What made her decide to get into real estate

[05:11] Creating a support system and strategy on Investing across borders

[06:26] Challenges of investing internationally

[07:25] 8 Elements of Cross-border investing

[09:04] Different regulations on Investing from different countries

[09:50] Short and Long-term goals in getting a visa

[10:06] Additional requirements for passive foreign investors

[11:46] Avoiding double taxation issue from both countries

[13:18] Benefits of Tax treaty

[14:57] Pitfalls of Cross-border investing

[15:34] Real estate as a path to immigration

[17:00] Benefits of getting a visa

[19:50] Time Frame on getting a visa for foreign investors

[22:22] Steps or requirements that foreign investor should comply

[26:30] Currency issues and compliance to receiving foreign money

[30:14] Advice to realtors who want to partner with foreign investors

[30:57] Additional opportunities for foreign investors

[32:03] Visa benefits that apply to your family member

[34:20] Advice to her 25-year-old self

[35:22] First Entrepreneurial endeavor

[36:00] Formal and Informal training that shaped her journey

[38:22] Her biggest mistake and what she learned from it

[39:50] How to reach out to Lauren Cohen

KEY QUOTES

[05:49] If you’re a foreign investor, you are navigating through that complex maze that will cost you so much, if you don’t do it right. There are so many people who wait until it's too late to get that guidance and get that help. It’s always much more costly to fix the problem as opposed to preventing it.

[16:06] The biggest pitfall I see with foreign investors is the lack of strategy and planning, because if you do ever want to think about the visa, then you should definitely plan it from the get-go. The other thing is, a lot of people think that getting a visa means you have to move to the US but that’s not true. A visa is an option, it gives you flexibility, a visa right now is a big asset in your pocket. It’s all about having those short-term and long-term goals planned out from the get-go, so you can achieve them instead of having to reinvent the wheel later.

[28:12] The worst thing that realtors, investors, or anybody can do to their clients is to try to touch on something that isn’t in their lane, and realtors do it all the time. They try to guide their clients on what they should do. Just defer and refer, because at the end of the day, it’s gonna save you so much trouble. I know a lot of syndicators who worked with foreign nationals, so there's an opportunity for you, it’s just a matter of handling the compliance side of it.

SUMMARY OF BUSINESS

At eCouncil Global, our concierge offerings include customized strategic advisory and risk management solutions for growing businesses. We build an overall support team to advise, guide, and travel alongside our clients in every aspect of the process of growing their businesses, whether through our internal team members or our fully-vetted strategic resource partners. Our unique combination of expertise and experience proves invaluable for domestic business owners and foreign nationals alike seeking a quarterback to coordinate all of the moving parts whether to attract capital, assist foreign nationals seeking entrée to the U.S., and companies seeking to expand and grow their businesses in creative ways, to name a few.

ABOUT THE WESTSIDE INVESTORS NETWORK

The Westside Investors Network, is your community for investing knowledge for growth. For real estate professionals by real estate professionals. This show is focused on the next step in your career... investing, for those starting with nothing to multifamily syndication.

The Westside Investors Network strives to bring knowledge and education to the real estate professional that is seeking to gain more freedom in their life. The host's AJ and Chris Shepard, are committed to sharing the wealth of knowledge that they have gained throughout the years to allow others the opportunity to learn and grow in their investing. They own Uptown Properties, a successful Property Management and Brokerage Company. If you are interested in Property Management in the Portland Metro or Bend Metro Areas, please visit www.uptownpm.com. If you are interested in investing in multifamily syndication, please visit www.uptownsyndication.com.

#investmentproperty #realestate #investment #realtor #property #realestateinvesting #propertyinvestment #investing #realestateinvestor #investor #investments #invest #realty #realtorlife #properties #investmentproperties #realestateinvestment #business #REinvesting #entrepreneur #entrepreneurlife #cashflow #multifamily #foreigninvestors #immigrants #immigration #visa #canada #immigrationlawyer #immigrationlaw #immigrant #citizenship #undocumented #greencard #usa #permanentresidency #migration #dreamers #america #immigrantstories #lawyer #taxtreaty #crossborder #crossborderinvesting #foreignmoney #doubletaxation #opportunities #foreignnationals #realestatepath #visatimeframe

YOU MAY CONTACT LAUREN COHEN VIA:

Email: [e-mail]

My virtual biz card: ezcard.com/laurenesq

Website: https://ecouncilglobal.com/

LinkedIn: @lauren-a-cohen,