Whether you are looking to purchase a vacation home or an investment property in the United States, or already own a property in the US, you are part of a growing trend as Canadians continue to buy US real estate at a record pace. But as the US economy shifts gears and laws change around purchasing and owning US property, you need to have the most current information at your fingertips. Buying US Real Estate: The Proven and Reliable Guide for Canadians is written by real estate and legal experts who address the many cross-border issues and requirements, such as: * understanding your finance…mehr
Whether you are looking to purchase a vacation home or an investment property in the United States, or already own a property in the US, you are part of a growing trend as Canadians continue to buy US real estate at a record pace. But as the US economy shifts gears and laws change around purchasing and owning US property, you need to have the most current information at your fingertips. Buying US Real Estate: The Proven and Reliable Guide for Canadians is written by real estate and legal experts who address the many cross-border issues and requirements, such as: * understanding your finance options * learning what you need to know about US tax law * ascertaining what type of ownership best meets your requirements * putting an estate plan into place Every Canadian buyer needs to ensure they do not put themselves at financial or legal risk. Buying US Real Estate deals with the most pressing topics for Canadian buyers and can help them save money and time by preparing thoroughly for the purchase process. "Every now and then a book comes along that fundamentally changes the game. This book draws upon real science and substance to permanently elevate the way people and place come together." -- Dr. Paul Stoltz, visiting professor, Harvard Business School "Buying US Real Estate is a must-read for any boomer who wants to spend the next 30 years fulfilling dreams, leaving a legacy, and living a purposeful life." -- Dr. Sherry Cooper, chief economist, BMO Capital Markets and best-selling author of The New Retirement "The book's thesis is that the older people get, the more likely they will buy a home-away-from-home. The spoils will go to those who act in the next two years." -- Jonathan Chevreau, editor of MoneySense Magazine and author of Findependence Day
Richard Dolan (Toronto) is the CEO and Senior Analyst of the U.S. Property Shop, a U.S. real estate capital advisory and research company based in Toronto.?Dolan has co-designed two certification programs, Certified Wealth Management & Marketing and Selling Wealth Management Services, which are offered at the Schulich School of Business, York University. Don R. Campbell (Vancouver) is a Founding Partner of the Real Estate Investment Network(tm).?He is a leader in providing Canada's most current real estate investment education programs and economic research materials, and is the author of the best-selling Real Estate Investing in Canada 2.0 and co-author of 97 Tips for Canadian Real Estate Investors; Real Estate Joint Ventures; and Secrets of the Canadian Real Estate Cycle. David Franklin (Toronto) is counsel to The US Property Shop and an expert on Canadian and US real estate.
Inhaltsangabe
Foreword xiii
Introduction 1
PART I: THE DECISION TO INVEST 7
Insight 1: The Economics Behind the US Market 9
Insight 2: Finding the Treasure with the Property GoldmineScorecard 18
Insight 3: Let Quality Research Drive the System 21
Insight 4: Dig for Specific Information and Ignore Generalities26
Insight 5: Jobs, Infrastructure, and Gentrification 29
Insight 6: A Closer Look at Three States 36
PART II: THE DISTRESSED PROPERTY MARKET 45
Insight 7: Learn to Identify a Distressed Property 47
Insight 8: Understand the Fundamentals of the US ForeclosureProcess 52
Insight 9: Commit to the Number One Rule, Then Get Your OptionsStraight 55
Insight 10: More on Due Diligence 61
Insight 11: Avoid the Snake-Oil Salesman 66
Insight 12: Recognize That a Bad Area in the United States IsVery Different from a Bad Area Elsewhere 75
Insight 13: Look for the Stability of a Good Neighborhood andFollow First-Time Homebuyers 80
Insight 14: Choose Your Exit Strategy Before You Make the Deal84
Insight 15: Know Your Financing Options and Obstacles 91
Insight 16: Understand the Real Estate Cycle 96
Insight 17: Find the People Who Can Help You Find Foreclosures105
Insight 18: Benefi t from the Five Profi t Centers of RealEstate 113
Insight 19: What a Full-Service Real Estate Investment GroupOffers 118
Insight 20: Analyze Your Deal 123
PART III: RENOVATIONS AND MANAGEMENT 135
Insight 21: Work Smartly with Contractors and Subcontractors137
Insight 22: Weigh Reno Must-Haves with Nice-to-Haves 143
Insight 23: Dial Up the Intellect (Dial Down the Emotions)148
Insight 24: Do the Big Four Renos on a Rental Property--Now152
