Free Canadian Buyer's Guide-
Helping Canadians buy/invest in Real Estate in Arizona for over 10 years!
Skip the info below and go right to the Search!
Firstly, this is truly unprecedented times for Canadians! Never before have we seen a time when the Canadian Dollar is PAR with the U.S. Dollar AND the housing market is down 40-60%. This is what I call the “Canadian Perfect Storm”! Typically there are numerous considerations on purchasing a property in Arizona. However, with this Perfect Storm, the question isn’t “should I”, the question is, “Why haven’t I yet?” Are you going to look back in 10 years and say “I should have” or “I could have”? Real Estate is cyclical and despite media publications reports, the fact is that the desirable locations are 100% on their way back up! Jan- May 2011 has seen a .06% increase in median home prices and as high as 1.2% in popular subdivisions! Is this a huge increase? NO, but it’s not a decline for the first time in over 4 years! So enjoy this information which has derived from 10+ Years of Helping Canadians Buy/Invest in Arizona! Feel free to pass this on to friends, family and/or colleagues that are thinking about buying in Arizona! I sincerely believe Canadians MAY NEVER SEE THIS ONCE IN A LIFETIME OPPORTUNITY!
Helping Canadians buy/invest in Real Estate in Arizona for over 10 years!
Skip the info below and go right to the Search!
Firstly, this is truly unprecedented times for Canadians! Never before have we seen a time when the Canadian Dollar is PAR with the U.S. Dollar AND the housing market is down 40-60%. This is what I call the “Canadian Perfect Storm”! Typically there are numerous considerations on purchasing a property in Arizona. However, with this Perfect Storm, the question isn’t “should I”, the question is, “Why haven’t I yet?” Are you going to look back in 10 years and say “I should have” or “I could have”? Real Estate is cyclical and despite media publications reports, the fact is that the desirable locations are 100% on their way back up! Jan- May 2011 has seen a .06% increase in median home prices and as high as 1.2% in popular subdivisions! Is this a huge increase? NO, but it’s not a decline for the first time in over 4 years! So enjoy this information which has derived from 10+ Years of Helping Canadians Buy/Invest in Arizona! Feel free to pass this on to friends, family and/or colleagues that are thinking about buying in Arizona! I sincerely believe Canadians MAY NEVER SEE THIS ONCE IN A LIFETIME OPPORTUNITY!
This is just a sample of what you'll find in this 10 step Canadian Buyer's Guide!
- Step 1- Work with a qualified TEAM of professionals including: Professional Realtor who specializes in helping Canadians, CPA/Tax Professionals (we have referrals for you), Insurance, Lenders, home inspectors and Title Companies. If you are working with a qualified Realtor, they should have everyone in place for you! Ask for references
- Step 2- How do I take Title? Whose name should I put it in? Should I use my company to buy it? Be Careful and Talk to a Qualified Tax Professional. It may benefit you to create an LLC (Limited Liability Corporation, Revocable trust or through personal funds. Because Canadian and U.S. definitions and rules are different, what is good in Canada may not apply in the US and vice versa. **You may end up paying double tax as a Canadian company because they will have to file an IRS 1120-F form for Taxation of a Foreign Company. In addition, newly formed Single Purpose Canadian Corporations may not own real estate. You also may want to consider using your Simple Trust or Revocable Trust if you are buying a home over $750,000. There are pros and cons on each type of corporation, LLC, Partnerships, etc. For more detailed information, contact a qualified Real Estate and/or Tax Professional.
- Step 3- What is FIRPTA? Withholding of Tax on Dispositions of United States Real Property Interests
The
disposition of a U.S. real property interest by a foreign person (the
transferor) is subject to the Foreign
Investment in Real Property Tax Act of 1980 (FIRPTA) income tax
withholding. FIRPTA authorized the United States to tax foreign persons on
dispositions of U.S. real property interests.
- Step 4- What Exceptions are there? See http://www.irs.gov/businesses/small/international/article/0,,id=102254,00.html
