From the Inside Flap
Are you thinking about buying property in the United States? What has triggered your interest? Plans to retire and live in a Sunbelt state? Or perhaps you invest in Canadian real estate and are looking at the US market as a viable way to grow your portfolio.
In either case, you're not alone. Canadians are buying US properties at unprecedented rates. It's hard to turn your back on what appear to be deals of the century. But are they?
South of 49 is a step-by-step guide to purchasing real estate in the US. The authors-Philip McKernan, Dan Sampson and Mike Cunning-combine years of investment expertise to provide the most comprehensive and authoritative book on the subject for the Canadian investor. They traveled to those US states that are the destination points for most Canadians. They met with realtors, lenders, property managers, and investors to collect expert insight into the do's and don'ts of buying property in the US. Here are just some of the things you'll learn about:
- Setting up a game plan: what are your goals?
- The differences between US and Canadian real estate law, financing and tax
- How to decide where to look for property
- How to evaluate property with potential for cash flow and equity growth
- How to set up a team of experts in the town where you want to buy
- Financing strategies
- Negotiating for and closing on a property
Buying property in the US can pose all sorts of unexpected challenges and pitfalls. Rely on South of 49 to find a property that meets your budget, in an area where the economic fundamentals are strong and offer equity growth for the long term. And if you do plan to spend part of your retirement in the US, you may just find that your investment strategy and retirement strategy are mutually served by investing now and having the property pay for itself.
About the Author
(Vancouver, BC) is Irish-born and has traveled the world following business pursuits. Now based in Canada, he is founder and president of the real estate investment company Maple Leaf Property. He is also an in-demand speaker at various international real estate and investment forums, where he speaks to achieving personal and business goals using real estate as the primary asset class to generate long-term wealth. His investment portfolio includes properties in Ireland, the United Kingdom, France, Finland, South Africa and North America. Philip has been quoted in the press on both sides of the Atlantic on matters related to international real estate. For more information about Philip, real estate mentoring and events, see www.southof49.com.
Dan Sampson (Vancouver, BC) and Mike Cunning (Vancouver, BC) bring a wealth of real estate knowledge to South of 49. Their combined expertise includes urban planning, building and renovation, and property conversion and management. Their investment portfolio includes both commercial and residential properties. They are experts in property analysis, proper due diligence, assembling teams of experts-lenders, lawyers and realtors-strategic financing, and negotiating and closing purchases and sales.