Whether you are considering a beachfront property in Florida or a dessert villa in Arizona or Nevada, you’ll want to take advantage of this opportunity in the US to invest in strong investment properties with positive cash flow and built in equity.  Investing in the US right now is a great way to diversify your portfolio and can even double as a vacation or retirement property for years to come!

The strong Canadian dollar, low property prices and low interest rates are all reasons why right now is the ideal time to consider investing in the US.  Adding an investment property in the US to your portfolio can further help you buffer your wealth against any downturns in the Canadian and local markets.

To help you take advantage of this opportunity, here is 10 steps to help you as you consider adding a US investment property to your portfolio.

1.  Think Strategy – this will help you decide what types of properties and in what locations will best suit you.

2.  Research the Location – every market is different, so take the time to find the market that is right for you and your strategy

3.  Choose Wisely – take the time to research your choice

4.  Know the Rules – take the time to familiarize yourself with the local rules and regulations

5.  Research the Property – know that the property is the right deal for you

6.  Legal Advice – obtain independent legal advice that is not connected to the seller, the vendor or the developer

7.  Finance – gather options for financing and compare to purchasing in cash

8.  Tax Considerations – learn what tax considerations will come into affect on both sides of the border

9.  Maintenance Costs – factor in the ongoing costs

10.  Exit Strategy – begin with the end in mind and know what your exit will look like before you buy

With the right research, some due diligence and the right team, you will allow be able to navigate the steps to buying smoothly.

Join our mailing list and we’ll be happy to keep you up to-date on the Hottest Real Estate Markets today!