{"id":3809,"date":"2016-10-28T10:10:08","date_gmt":"2016-10-28T17:10:08","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=3809"},"modified":"2016-10-26T21:09:20","modified_gmt":"2016-10-27T04:09:20","slug":"major-mistakes-investors-make-when-buying-us-real-estate","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2016\/10\/major-mistakes-investors-make-when-buying-us-real-estate\/","title":{"rendered":"Major Mistakes Investors Make When Buying US Real Estate"},"content":{"rendered":"

There are still opportunities to take advantage of US real estate, according to one veteran who has penned a guide for Canadians interested in crossing the border.<\/p>\n

\u201cThe number one mistake is they don\u2019t own it the way they need to own it based on their circumstances. For example, they may own it as a Canadian corporation; well, that\u2019s perfectly legitimate in Canada but owning real estate in that way in the US causes double taxation,\u201d Dale Walters, author of Buying Real Estate in the US: The Concise Guide for Canadians, told Canadian Real Estate Wealth. \u201cIf you get a U.S. advisor, they may recommend they use an LLC. Hopefully the word is out now that in Canada that would cause double taxation.\u201d<\/p>\n

Walters\u2019 book focuses a great deal on tax implications for Canadians who purchase real estate down south as well as information on the best way to own a property.<\/p>\n

\u201cThe book is informational; it\u2019s a tax book primarily. How do you own real estate in the US, what\u2019s the proper way of owning it, the options, what are the tax consequences of the various ways of owning it because each way is a different tax outcome,\u201d he said. \u201cHow do you deal with rental income and what are the tax consequences of that. You\u2019ve got potential liability issues, how to protect yourself, non-resident estate tax potential \u2013 all of those things I cover.\u201d<\/p>\n

It can be daunting to purchase real estate overseas, but Walters argues there are still opportunities for all different kinds of investors; including deals for those looking to own vacation properties, landlords, and those interested in commercial properties.<\/p>\n

There are also various markets that provide different risk profiles. Walters believes there are two major reasons Canadians are still interested in US real estate: Diversification and the availability of bargains.<\/p>\n

\u201cThe usual markets that have market appreciation potential which would be, generally speaking, the sun belt. Southern California, Arizona, Texas, and Florida, primarily,\u201d Walters said. \u201cIf you\u2019re looking at some higher-risk, possibly higher opportunity, you still have places like Detroit and places like that.\u201d<\/p>\n

Major Mistakes Investors Make When Buying US Real Estate<\/a> by Justin da Rosa | Canadian Real Estate Wealth<\/p>\n","protected":false},"excerpt":{"rendered":"

There are still opportunities to take advantage of US real estate, according to one veteran who has penned a guide for Canadians interested in crossing the border. \u201cThe number one … [read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-3809","post","type-post","status-publish","format-standard","hentry","category-real-estate"],"yoast_head":"\nMajor Mistakes Investors Make When Buying US Real Estate • Rory C Real Estate | Oakwyn Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.roryc.ca\/blog\/2016\/10\/major-mistakes-investors-make-when-buying-us-real-estate\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" 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