Posts Tagged ‘tropical real estate’

Rule Six Of Six: Don’t Be A Fool Or Be Fooled – Know Exactly What You Are Buying
Posted by Don Campbell | February 1, 2014
Rule Six Of Six: Don’t Be A Fool Or Be Fooled – Know Exactly What You Are Buying

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

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Rule Five Of Six: It’s Not How Much You Make, It’s How Much You Keep That Matters
Posted by Don Campbell | January 25, 2014
Rule Five Of Six: It’s Not How Much You Make, It’s How Much You Keep That Matters

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.

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Rule Four Of Six: Always Have Your Own Legal Representation In The Target Country
Posted by Don Campbell | January 20, 2014
Rule Four Of Six: Always Have Your Own Legal Representation In The Target Country

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.

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Rule Three Of Six: Their Laws are Often NOT on Your Side
Posted by Don Campbell | January 16, 2014
Rule Three Of Six: Their Laws are Often NOT on Your Side

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!

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Rule Two Of Six: Healthy Skepticism, NOT Blind Enthusiasm, Will Save You Heartache
Posted by Don Campbell | January 12, 2014
Rule Two Of Six: Healthy Skepticism, NOT Blind Enthusiasm, Will Save You Heartache

“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:

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Rule One Of Six: Go There Not Just Once, But Twice – Don’t Sign Until You Fly!
Posted by Don Campbell | January 8, 2014
Rule One Of Six: Go There Not Just Once, But Twice – Don’t Sign Until You Fly!

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?

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Bonus Rule for Canadians Investing In US or Tropical: Wild Rides of Currency Fluctuations
Posted by Don Campbell | July 28, 2010
Bonus Rule for Canadians Investing In US or Tropical: Wild Rides of Currency Fluctuations

Remember, when buying outside of Canada, you are always at the whim of the currency markets, so make sure that you investigate that side of the equation. Find out how the currency performs.

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