"When buying real estate anywhere in the world, one must know all the facts and go in with eyes wide open. Before you even consider buying outside of Canada, know the realities by reading this book and learn from others' mistakes."
—Don R. Campbell, best-selling author of Real Estate Investing in Canada
"For any Canadian, buying real estate in the US can be the best decision you ever make, or the worst mistake you'll never forget. Philip's the real deal-an international investor who speaks from experience. This book will teach you how to make a great deal, reduce your risk and enjoy the journey along the way."
—Greg Habstritt, founder of SimpleWealth
From the Introduction:
Whether it's a lifestyle purchase or an investment, there are many factors about buying US property that many Canadian buyers understandably find confusing, or they overlook. Add to that the complexities of the new foreclosure-driven buyers' market, and buying a US property could be a recipe for disaster if you don't do your homework.
That's where South of 49 comes in. This book is about more than just tax advice and buying tips. We take you through all of the real-life considerations when buying down south, from travel time and immigration rules to making sure the home or condo you buy actually fits your investment goals. We will also help you answer one very important question when considering such a purchase: Why? Why should you buy a place and not just rent? Why should you buy in Florida instead of California, for example? The answers? It all depends. It depends on you, your individual circumstances and your goals. This book will help you think through these decisions before you make them.
Want to flip houses? This no-nonsense guide gives you the inside scoop on buying, renovating, and selling property, with plenty of time- and money-saving tips to keep you on budget and on schedule. You get savvy strategies for negotiating deals, modernizing for maximum profit, marketing your home, avoiding common blunders, and staying afloat in a slow market.
Make money in any market — discover simple guidelines that will help you to profit no matter what the economic climate
Secure funding for your flip — explore all your options for the capital you need
Build a budget — understand all the costs you may face and avoid any costly surprises
Maximize your tax savings — get valuable tips on what expenses you can deduct
Find buried real estate treasures — learn how to spot homes with untapped potential and how to buy homes from foreclosures and tax sales
Buy property at the best price — find out negotiation secrets that will add thousands of dollars to your bottom line
Renovate your property for maximum profit — make renovations that add real value to your home
Market your home — dazzle prospective buyers with through marketing materials and home staging
Open the book and find:
Who you need on your team
How to determine a realistic resale price
Creative financing options
What questions to ask before you buy
How to buy foreclosure properties in the U.S.
Which quick fixes enhance a home's value
When to take on major structural enhancements
How to negotiate the sale to maximize your profit