The Technical Real Estate Cycle is about to enter a new phase, driven by a shift in demand. This shift will leave many investors, towns and neighbourhoods behind if they don’t adapt. Here are key insights to get you in front of this shift
Tropical real estate is a lovely dream, but do you TRULY know what you are buying? Is it a real estate investment, or a security with a real estate foundation? Many unsophisticated investors buy into projects believing that they are buying a real estate investment, when in fact they are simply pooling their money in a security (partnership, LP or share) that uses real estate as the base for the profits. Ask the tough questions
We all seem to understand that it is not how much you make that matters, it is how much you keep (just look at the deductions on your last paycheque), yet not many people consider the importance of understanding the tax implications of their investments.
Rule #4 for buying real estate outside of your home country: Never, ever, ever use a legal representative that also represents the other side of a deal. EVER! This is true when you buying at home and is doubly important when buying outside of the country. Don’t ADD risk, take it away.
The first step in this rule is to find out what restrictions are put on a foreign property holder. Don’t assume that what occurs here in Canada will look anything like what occurs in another country. Tax laws, ownership laws, immigration laws, – they ALL affect you!
“Make sure you’re buying not because it is cheap, but because it has potential.” Part of any due diligence is investigating what else is out there. Remember, there are 2 types of competition you will be fighting with, so make sure you have all the facts. Here’s how:
Never buy property at a distance, especially in another country, without seeing it for yourself. You work hard for your money in Canada, why would you throw your money at a potential property without knowing the reality behind the dream?
The Canadian Winter Storms often freezes investor’s brains to the point of making major mistakes when they buy a real estate retreat in warm climates. Right now there is a huge target on Canadian travelers’ backs – we become quite easy marks for selling paradise during the first few months of the year, and 2014 is no exception. Protect yourself with these 6 rules to buying tropical real estate.
Too many consumers and investors are ignoring effective mortgage reduction strategies. This is costing them thousands in interest and prolonging their path to financial independence. These 10 mortgage reduction strategies are a great place to start