{"product_id":"buying-u-s-real-estate-the-proven-and-reliable-guide-for-canadians-paperback-softback-9781118431207","title":"Buying U.S. Real Estate; The Proven and Reliable Guide for Canadians (Paperback \/ softback) 9781118431207","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eBuying U.S. Real Estate\u003c\/font\u003e\u003cbr\u003e\r\n\u003cfont size=\"5\"\u003eThe Proven and Reliable Guide for Canadians\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eRichard Dolan (Author), Don R. Campbell (Author), David Franklin (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9781118431207, Wiley\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003ePaperback \/ softback, published 24 September 2013\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e288 pages\u003cbr\u003e22.8 x 15.1 x 1.5 cm, 0.386 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003e\"I would consider this the bible for any Canadians wanting to invest in US real estate.\"\u003cbr\u003e —\u003cb\u003eW. Brett Wilson\u003c\/b\u003e, Entrepreneur, Recipient of the Order of Canada, and former Dragon  \u003cp\u003eThe thought of buying property in the United States has been on your mind. Perhaps family members or friends already own real estate in the Sunbelt and you've enjoyed the occasional visit. You sense the market isn't as frenzied as it once was but there is still very good value to be found. Whether you are looking for a vacation home or an investment property, you are certainly not alone.\u003c\/p\u003e \u003cp\u003eCanadians continue to buy U.S. real estate at a record pace. But as the economy and laws change around ownership of U.S. property, Canadians need to have the most current information possible at their fingertips. \u003ci\u003eBuying U.S. Real Estate: The Proven and Reliable Guide for Canadians\u003c\/i\u003e is written by experts who own U.S. property and addresses the many cross-border issues and requirements, such as:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eHow to begin your search and find relevant data\u003c\/li\u003e \u003cli\u003eFinding the experts you need on your side\u003c\/li\u003e \u003cli\u003eKnowing that a property meets your lifestyle needs and wants\u003c\/li\u003e \u003cli\u003eKnowing all of your finance options\u003c\/li\u003e \u003cli\u003eHow to proceed with renovations or upgrades\u003c\/li\u003e \u003cli\u003eWhat you need to know about U.S. tax laws\u003c\/li\u003e \u003cli\u003eWhat type of ownership is best aligned with your strategy\u003c\/li\u003e \u003cli\u003eHow to create an estate plan\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eFor Canadians generally, and boomers especially, the right property in the right destination point is integral to their life-rich philosophy.  \u003ci\u003eBuying U.S. Real Estate: The Proven and Reliable Guide for Canadians\u003c\/i\u003e puts all of the pieces of the puzzle together and is an essential guide to reaching one's ultimate destination.\u003c\/p\u003e\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e\u003cp\u003eForeword xiii\u003c\/p\u003e \u003cp\u003eIntroduction 1\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart I: the Decision to Invest 7\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eInsight 1: The Economics Behind the US Market 9\u003c\/p\u003e \u003cp\u003eWhat Trends Are Driving This Opportunity? 9\u003c\/p\u003e \u003cp\u003eNo Income, No Assets, No Worries! 10\u003c\/p\u003e \u003cp\u003eHow Big Is the Foreclosure Market? 11\u003c\/p\u003e \u003cp\u003eThe US Economic Recovery 12\u003c\/p\u003e \u003cp\u003eNew-Home Construction 13\u003c\/p\u003e \u003cp\u003eThe Rental Explosion 13\u003c\/p\u003e \u003cp\u003ePrime Property Will Be in Hot Demand 16\u003c\/p\u003e \u003cp\u003eInsight 2: Finding the Treasure with the Property Goldmine Scorecard 18\u003c\/p\u003e \u003cp\u003eAn Important Tool for Real Estate Investors 18\u003c\/p\u003e \u003cp\u003eProperty Goldmine Scorecard 19\u003c\/p\u003e \u003cp\u003eInsight 3: Let Quality Research Drive the System 21\u003c\/p\u003e \u003cp\u003eGetting Quality Information from the Internet and Other Sources 21\u003c\/p\u003e \u003cp\u003eInsight 4: Dig for Specific Information and Ignore Generalities 26\u003c\/p\u003e \u003cp\u003eThe Market Today and Tomorrow 26\u003c\/p\u003e \u003cp\u003eInsight 5: Jobs, Infrastructure, and Gentrification 29\u003c\/p\u003e \u003cp\u003eSigns of Potential Economic Growth 29\u003c\/p\u003e \u003cp\u003eBusiness-Friendly Policies Are Vital 30\u003c\/p\u003e \u003cp\u003eTrains, Planes, Automobiles: Infrastructure Matters 31\u003c\/p\u003e \u003cp\u003eGentrification and Renewal 33\u003c\/p\u003e \u003cp\u003eInsight 6: A Closer Look at Three States 36\u003c\/p\u003e \u003cp\u003eFlorida 36\u003c\/p\u003e \u003cp\u003eArizona 40\u003c\/p\u003e \u003cp\u003eTexas 42\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart II: the Distressed Property Market 45\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eInsight 7: Learn to Identify a Distressed Property 47\u003c\/p\u003e \u003cp\u003eWhat Causes Distress 47\u003c\/p\u003e \u003cp\u003eVolume Sellers South of the Border 48\u003c\/p\u003e \u003cp\u003eResist the Temptation to Think You’re Different 49\u003c\/p\u003e \u003cp\u003eWhat’s Behind the Discount? 50\u003c\/p\u003e \u003cp\u003eSo, There’s Money to Be Made 51\u003c\/p\u003e \u003cp\u003eInsight 8: Understand the Fundamentals of the US Foreclosure Process 52\u003c\/p\u003e \u003cp\u003eForeclosure Defined 52\u003c\/p\u003e \u003cp\u003eInsight 9: Commit to the Number One Rule, Then Get Your Options Straight 55\u003c\/p\u003e \u003cp\u003eThree Ways to Buy 55\u003c\/p\u003e \u003cp\u003eWhat to Remember about Foreclosures 59\u003c\/p\u003e \u003cp\u003eInsight 10: More on Due Diligence 61\u003c\/p\u003e \u003cp\u003eFive Market Fundamentals 62\u003c\/p\u003e \u003cp\u003eAn Extra Word on Vacancy Rates 64\u003c\/p\u003e \u003cp\u003eMore Market Facts 65\u003c\/p\u003e \u003cp\u003eInsight 11: Avoid the Snake-Oil Salesman 66\u003c\/p\u003e \u003cp\u003eThere’s No Such Thing as ‘Leading’ or ‘Only’ Experts 66\u003c\/p\u003e \u003cp\u003eLender Scams 70\u003c\/p\u003e \u003cp\u003eHousing Rip-Offs 70\u003c\/p\u003e \u003cp\u003eInsight 12: Recognize That a Bad Area in the United States Is Very Different from a Bad Area Elsewhere 75\u003c\/p\u003e \u003cp\u003eDefine Your Bad Area 75\u003c\/p\u003e \u003cp\u003eBe Realistic 76\u003c\/p\u003e \u003cp\u003eKnow What You Need to Know 77\u003c\/p\u003e \u003cp\u003eWeigh Risks and Returns 77\u003c\/p\u003e \u003cp\u003eInsight 13: Look for the Stability of a Good Neighborhood and Follow First-Time Homebuyers 80\u003c\/p\u003e \u003cp\u003eThe Benefits of Market Stability 80\u003c\/p\u003e \u003cp\u003eWhat’s Your Investment Plan? 81\u003c\/p\u003e \u003cp\u003eA Final Word of Caution 82\u003c\/p\u003e \u003cp\u003eInsight 14: Choose Your Exit Strategy Before You Make the Deal 84\u003c\/p\u003e \u003cp\u003eIdentify Your Exit Strategy 85\u003c\/p\u003e \u003cp\u003eWholesale and Fix-and-Flip Options 87\u003c\/p\u003e \u003cp\u003ePick Your Partners Carefully 89\u003c\/p\u003e \u003cp\u003eChoose an Exit Strategy That Makes Money 90\u003c\/p\u003e \u003cp\u003eInsight 15: Know Your Financing Options and Obstacles 91\u003c\/p\u003e \u003cp\u003ePortfolio Loans 93\u003c\/p\u003e \u003cp\u003ePrivate Money 93\u003c\/p\u003e \u003cp\u003eLeverage Your Canadian Successes 94\u003c\/p\u003e \u003cp\u003eInsight 16: Understand the Real Estate Cycle 96\u003c\/p\u003e \u003cp\u003eWhat Is the Real Estate Cycle? 97\u003c\/p\u003e \u003cp\u003eBoom, Slump, and Recovery 100\u003c\/p\u003e \u003cp\u003eRecognizing Cycle Shifts 101\u003c\/p\u003e \u003cp\u003eInsight 17: Find the People Who Can Help You Find Foreclosures 105\u003c\/p\u003e \u003cp\u003eThe Not-So-Secret Way to Find Great Real Estate Deals 106\u003c\/p\u003e \u003cp\u003eUnderstand What an Agent Can Do for Your Business 106\u003c\/p\u003e \u003cp\u003eGetting an REO Agent’s Attention 107\u003c\/p\u003e \u003cp\u003eBeyond the REO 109\u003c\/p\u003e \u003cp\u003eCheck Out the Wholesaler Market 109\u003c\/p\u003e \u003cp\u003eDeal Flow 111\u003c\/p\u003e \u003cp\u003eA Recipe for Success 111\u003c\/p\u003e \u003cp\u003eInsight 18: Benefit from the Five Profit Centers of Real Estate 113\u003c\/p\u003e \u003cp\u003eNatural Appreciation 114\u003c\/p\u003e \u003cp\u003eForced Appreciation 114\u003c\/p\u003e \u003cp\u003ePositive Cash Flow 115\u003c\/p\u003e \u003cp\u003eMortgage Reduction and Leverage 116\u003c\/p\u003e \u003cp\u003eTax Deductions 117\u003c\/p\u003e \u003cp\u003eInsight 19: What a Full-Service Real Estate Investment Group Offers 118\u003c\/p\u003e \u003cp\u003eWhat Full-Service Real Estate Groups Do 118\u003c\/p\u003e \u003cp\u003eGood Full-Service Real Estate Groups 119\u003c\/p\u003e \u003cp\u003eBad Full-Service Real Estate Groups 121\u003c\/p\u003e \u003cp\u003eInsight 20: Analyze Your Deal 123\u003c\/p\u003e \u003cp\u003eUnderstand the Property’s True Potential 123\u003c\/p\u003e \u003cp\u003eCash-Flow Statement 124\u003c\/p\u003e \u003cp\u003eAnd the Final Number Is 129\u003c\/p\u003e \u003cp\u003eChecklist for Entering US Real Estate Markets 130\u003c\/p\u003e \u003cp\u003eAsk Yourself the Tough Questions 132\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart III: Renovations and Management 135\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eInsight 21: Work Smartly with Contractors and Subcontractors 137\u003c\/p\u003e \u003cp\u003eFive Common-Sense Rules 138\u003c\/p\u003e \u003cp\u003eInsight 22: Weigh Reno Must-Haves with Nice-to-Haves 143\u003c\/p\u003e \u003cp\u003eThe Kitchen: Put the Three E’s to Work 143\u003c\/p\u003e \u003cp\u003eThe Bathroom 146\u003c\/p\u003e \u003cp\u003eInsight 23: Dial Up the Intellect (Dial Down the Emotions) 148\u003c\/p\u003e \u003cp\u003eEmotion versus Passion 148\u003c\/p\u003e \u003cp\u003eHow Much to Spend 149\u003c\/p\u003e \u003cp\u003eExit Strategy 150\u003c\/p\u003e \u003cp\u003eLook and Ask Around 151\u003c\/p\u003e \u003cp\u003eInsight 24: Do the Big Four Renos on a Rental Property—Now 152\u003c\/p\u003e \u003cp\u003eMake Sustainability a Fundamental Priority 153\u003c\/p\u003e \u003cp\u003eThe Big Four 153\u003c\/p\u003e \u003cp\u003eInsight 25: Get Everything in Writing 157\u003c\/p\u003e \u003cp\u003eThe Six Golden Rules of the Written Contract 158\u003c\/p\u003e \u003cp\u003eHow to Handle Contract Changes 160\u003c\/p\u003e \u003cp\u003eKeep It Simple 160\u003c\/p\u003e \u003cp\u003eInsight 26: Curb Appeal: You’ve Got Seven Seconds to Impress Me 161\u003c\/p\u003e \u003cp\u003eAn Exterior Makeover 162\u003c\/p\u003e \u003cp\u003eHow Much Should You Spend? 164\u003c\/p\u003e \u003cp\u003eInsight 27: Run If You Spot Any of the Top Three Reno Red Flags 165\u003c\/p\u003e \u003cp\u003eMake Sure Your Project Is Efficient 166\u003c\/p\u003e \u003cp\u003eKeep the Project Focused on What’s Effective 166\u003c\/p\u003e \u003cp\u003eStick to Economical Options 166\u003c\/p\u003e \u003cp\u003eThe Top Three Reno Red Flags 167\u003c\/p\u003e \u003cp\u003eInsight 28: Hire the Right Property Manager 172\u003c\/p\u003e \u003cp\u003eZero In on Excellence: Seven Questions to Ask Potential Property Managers 173\u003c\/p\u003e \u003cp\u003eInsight 29: Make Money by Delegating to Your Property Manager 177\u003c\/p\u003e \u003cp\u003ePut Your Money to Work 178\u003c\/p\u003e \u003cp\u003eProfessional Property Management Pays for Itself 179\u003c\/p\u003e \u003cp\u003eInsight 30: Set the Rules Up Front with Your Property Manager 180\u003c\/p\u003e \u003cp\u003eGet Your Communications Plan in Place 180\u003c\/p\u003e \u003cp\u003eStick to Business 181\u003c\/p\u003e \u003cp\u003eUse Technology Wisely 182\u003c\/p\u003e \u003cp\u003eInsight 31: Be Smart about Rent Collection 184\u003c\/p\u003e \u003cp\u003eFrom Delinquent to Delivered 185\u003c\/p\u003e \u003cp\u003eIt’s All about the Business 186\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart IV: Cross-border Tax Planning 189\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eInsight 32: Understanding US Tax Laws 191\u003c\/p\u003e \u003cp\u003eFiling a US Tax Return 191\u003c\/p\u003e \u003cp\u003eGeneral Guidelines 192\u003c\/p\u003e \u003cp\u003eInsight 33: Taking Title to Your US Property Investments 197\u003c\/p\u003e \u003cp\u003eLimited Liability Corporations 197\u003c\/p\u003e \u003cp\u003eCorporations 197\u003c\/p\u003e \u003cp\u003eWhat Options Do Canadian Investors Have? 198\u003c\/p\u003e \u003cp\u003eUS Estate Tax 200\u003c\/p\u003e \u003cp\u003eGift Tax 201\u003c\/p\u003e \u003cp\u003eInsight 34: Deal with Depreciation 202\u003c\/p\u003e \u003cp\u003eDepreciation Recapture 202\u003c\/p\u003e \u003cp\u003eInsight 35: Limit Your US Taxation if You’re a Canadian Snowbird 205\u003c\/p\u003e \u003cp\u003eResidence Rules 205\u003c\/p\u003e \u003cp\u003eRenting Out Your Property 206\u003c\/p\u003e \u003cp\u003eSelling Your Property 206\u003c\/p\u003e \u003cp\u003eGain: Filing Requirements 207\u003c\/p\u003e \u003cp\u003eForeign Tax Credit 208\u003c\/p\u003e \u003cp\u003eEstate Taxes 208\u003c\/p\u003e \u003cp\u003eReview US Estate Tax Plans 211\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart V: Legal Planning 213\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eInsight 36: The Three Pillars of Real Estate Asset Protection 215\u003c\/p\u003e \u003cp\u003eThe Three Pillars of Asset Protection 216\u003c\/p\u003e \u003cp\u003eLearn What Asset Protection Is and Isn’t 216\u003c\/p\u003e \u003cp\u003ePerform Due Diligence 217\u003c\/p\u003e \u003cp\u003eInsight 37: Develop an Asset Protection Plan and Be Prepared to Avoid Lawsuits 219\u003c\/p\u003e \u003cp\u003eCase 1: The Vexatious Litigant 220\u003c\/p\u003e \u003cp\u003eCase 2: The Cyclist 220\u003c\/p\u003e \u003cp\u003eCase 3: The Toppling Toddler 220\u003c\/p\u003e \u003cp\u003eCase 4: The Weekend Getaway 221\u003c\/p\u003e \u003cp\u003eStay Out of Court by Being Prepared 221\u003c\/p\u003e \u003cp\u003eInsight 38: Counter Threats to Your Wealth with Foresight 222\u003c\/p\u003e \u003cp\u003eThe Top Threats to Your Wealth 224\u003c\/p\u003e \u003cp\u003eInsight 39: Draw Up a Blueprint for Your Estate Plan 226\u003c\/p\u003e \u003cp\u003eProbate 226\u003c\/p\u003e \u003cp\u003eAdopt a Plan 227\u003c\/p\u003e \u003cp\u003eInsight 40: Steer Clear of Asset Protection Fakes, Scams, and Planning Errors 233\u003c\/p\u003e \u003cp\u003eLand Trusts 233\u003c\/p\u003e \u003cp\u003eLimited Liability Companies 235\u003c\/p\u003e \u003cp\u003eUnderstand Your Strategy: Probate versus Credit Protection 235\u003c\/p\u003e \u003cp\u003eOffshore Trusts and IBCs 236\u003c\/p\u003e \u003cp\u003eHomestead Exemption 236\u003c\/p\u003e \u003cp\u003eTransferring Assets to Family Members 237\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart VI: Cross-border Banking and Financing 239\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eInsight 41: Understand Cross-Border Issues 241\u003c\/p\u003e \u003cp\u003eOvercome Your Citizenship Issues 241\u003c\/p\u003e \u003cp\u003eInsight 42: Familiarize Yourself with US Mortgage Financing 245\u003c\/p\u003e \u003cp\u003eLoan Application 245\u003c\/p\u003e \u003cp\u003eInvestor Loans 247\u003c\/p\u003e \u003cp\u003eInsight 43: Buy US Real Estate Property with Other People’s Money 248\u003c\/p\u003e \u003cp\u003eBegin with People You Know 250\u003c\/p\u003e \u003cp\u003eKeep Your Advisors Informed 251\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart VII: Insurance and Investments 253\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eInsight 44: Insure Your Investment 255\u003c\/p\u003e \u003cp\u003eFind an Agent Who Can Shop Around 255\u003c\/p\u003e \u003cp\u003eAreas of Coverage 256\u003c\/p\u003e \u003cp\u003eReplacement Cost Value and Actual Cash Value 258\u003c\/p\u003e \u003cp\u003eMaking a Claim 259\u003c\/p\u003e \u003cp\u003eLocation, Location, Location! 260\u003c\/p\u003e \u003cp\u003eInsight 45: Carry Insurance Beyond the Property Line: Medical, Auto, and Third-Party Liability 262\u003c\/p\u003e \u003cp\u003eMedical Insurance 262\u003c\/p\u003e \u003cp\u003eAutomobile Insurance 264\u003c\/p\u003e \u003cp\u003eThird-Party Liability Insurance 265\u003c\/p\u003e \u003cp\u003eAppendix: Considerations for Buying a Second Home 266\u003c\/p\u003e \u003cp\u003eIndex 269\u003c\/p\u003e \u003cp\u003eAbout the Authors 274\u003c\/p\u003e\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Finance \u0026amp; accounting [\u003ca title=\"See our other books on Finance \u0026amp; accounting\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Finance%20\u0026amp;%20accounting%20%5BKF%5D%22\"\u003eKF\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Wiley","offers":[{"title":"Brand New","offer_id":52417774158104,"sku":"9781118431207","price":14.57,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/files\/9781118431207.jpg?v=1784508045","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/buying-u-s-real-estate-the-proven-and-reliable-guide-for-canadians-paperback-softback-9781118431207","provider":"Freshly Printed Books","version":"1.0","type":"link"}