A recent Financial Post article declared that 1 in 5 Canadians was looking at US real estate. I find that number rather outrageous but the point was very clear to us: Canadians are heading to the US in search of bargain bungalows and other real estate deals.
We meet so many Canadian investors considering buying in the US market. We each have relatives that have made purchases in Arizona and California in the last 6 months. There’s almost a buying frenzy among Canadians when it comes to all things American. With our dollar hitting $1.05 yesterday, it feels like the ultimate Boxing Day sale to many.
Read more on Top 10 Secrets for Entering the US Market as a Canadian…
by Julie Broad
At the Victoria Real Estate Investors club meeting on Tuesday the group I sat with couldn’t stop talking about the US foreclosure investment opportunities. One of the guys in the group had just bought a shopping complex in San Diego and was looking at an ocean front home just south of the city to call home. He just couldn’t stop talking about the discounted value and specifically about how he couldn’t build a home or a shopping complex for what he’s buying these properties for.
by Julie Broad
My friend Shae Bynes of GoodFaithInvesting.com just got an accepted offer on a home near Fort Lauderdale (I think!) for $50,000 and she will get $1,600 per month rent from that house! Every month she will pocket $600 positive cash flow from that property.
Read more on Chat with Philip McKernan About Buying Real Estate in the US…
by Julie Broad
I can’t tell you the number of times Dave has come home from shopping with something he didn’t really need, or something that didn’t quite fit but he bought it anyway just because it was on sale!!He’ll buy a pair of pants that are a little too short or a little too tight just because they are 50% off. Or he will buy a jacket with a collar that has one side sticking up and one side laying flat just because it’s a clearance item.
