Canadian investors are snapping up discounted bargains south of the border
These individuals know that if they do not acquire a foot inside the Florida waters right now, there exists a pretty good possibility they will not be able to afford a second home when they actually want one.
These investors are not people searching for quick flips. They're prepared to buy and hold. In fact, there are still many deals available. Oftentimes, properties are selling for less than it might cost to build them today.
But just as importantly, Canadians are finding an exceptionally strong marketplace for rental properties, fuelled by the thousands of Floridians who have lost their homes and cant be eligible for a mortgages.
That coupled with a powerful dollar and low interest rates has convinced many Canadian home buyers that purchasing in Florida isn't just an audio investment but a sure retirement plan even if means having to file taxes using the dreaded Internal Revenue Service.
Florida Home Finders holds regular seminars for Canadians attempting to buy in Florida and estimates are that 75 percent of Canadians buying now plan to rent their properties out.
It is suggested a trust be made for any property over $100,000, which can add thousands towards the upfront cost but save far more on estate and other taxes in the future.
Many hard-hit Floridians are actually actively attempting to list their homes specifically to Canadians. The demand by [ endvestors | http://endvestors.com ] remains strong. It is a win-win situation for everyone involved. It is great for the Florida economy that Canadians are able to get discounted prices, and that the brand new Canadian property owners are providing Floridians, who cant afford a home, a location they can rent.