Dolan / Campbell / Franklin Buying U.S. Real Estate

The Proven and Reliable Guide for Canadians
Erscheinungsjahr 2012
ISBN: 978-1-118-43977-7
Verlag: John Wiley & Sons
Format: PDF
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 288 Seiten, E-Book

"I would consider this the bible for any Canadians wanting toinvest in US real estate."
--W. Brett Wilson, Entrepreneur, Recipient of the Orderof Canada, and former Dragon
The thought of buying property in the United States has been onyour mind. Perhaps family members or friends already own realestate in the Sunbelt and you've enjoyed the occasional visit. Yousense the market isn't as frenzied as it once was but there isstill very good value to be found. Whether you are looking for avacation home or an investment property, you are certainly notalone.
Canadians continue to buy U.S. real estate at a record pace. Butas the economy and laws change around ownership of U.S. property,Canadians need to have the most current information possible attheir fingertips. Buying U.S. Real Estate: The Proven andReliable Guide for Canadians is written by experts who own U.S.property and addresses the many cross-border issues andrequirements, such as:
* How to begin your search and find relevant data
* Finding the experts you need on your side
* Knowing that a property meets your lifestyle needs andwants
* Knowing all of your finance options
* How to proceed with renovations or upgrades
* What you need to know about U.S. tax laws
* What type of ownership is best aligned with your strategy
* How to create an estate plan
For Canadians generally, and boomers especially, the rightproperty in the right destination point is integral to theirlife-rich philosophy. Buying U.S. Real Estate: The Provenand Reliable Guide for Canadians puts all of the pieces of thepuzzle together and is an essential guide to reaching one'sultimate destination.

Autoren/Hrsg.

Dolan, Richard

Campbell, Don R.

Franklin, David

Inhaltsverzeichnis

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
Insight 25: Get Everything in Writing 157
Insight 26: Curb Appeal: You've Got Seven Seconds to Impress Me161
Insight 27: Run If You Spot Any of the Top Three Reno Red Flags165
Insight 28: Hire the Right Property Manager 172
Insight 29: Make Money by Delegating to Your Property Manager177
Insight 30: Set the Rules Up Front with Your Property Manager180
Insight 31: Be Smart about Rent Collection 184
PART IV: CROSS-BORDER TAX PLANNING 189
Insight 32: Understanding US Tax Laws 191
Insight 33: Taking Title to Your US Property Investments 197
Insight 34: Deal with Depreciation 202
PART V: LEGAL PLANNING 213
Insight 36: The Three Pillars of Real Estate Asset Protection215
Insight 37: Develop an Asset Protection Plan and Be Prepared toAvoid Lawsuits 219
Insight 38: Counter Threats to Your Wealth with Foresight222
Insight 39: Draw Up a Blueprint for Your Estate Plan 226
Insight 40: Steer Clear of Asset Protection Fakes, Scams, andPlanning Errors 233
PART VI: CROSS-BORDER BANKING AND FINANCING 239
Insight 41: Understand Cross-Border Issues 241
Insight 42: Familiarize Yourself with US Mortgage Financing245
Insight 43: Buy US Real Estate Property with Other People'sMoney 248
PART VII: INSURANCE AND INVESTMENTS 253
Insight 44: Insure Your Investment 255
Insight 45: Carry Insurance Beyond the Property Line: Medical,Auto, and Third-Party Liability 262
Appendix: Considerations for Buying a Second Home 266
Index 269
About the Authors 274