Thinking of Investing in the U.S. ?
All the mumbo jumbo and legal jargon can be confusing when you are dealing with Real Estate let alone in another country!!
The KEY to successful international investing is to make sure you understand the different terminologies and that you are represented in both your own country and where ever you are investing as their countries laws can differ from ours.
A few things WE learnt:
This is a term used for Home Owner Association Fee’s. Some suburbs have an HOA fee. An HOA fee is a fee you are paying to the district to access various ‘community’ benefits. This could include, community pool, community gym etc.... HOA fees are very common in residential areas.
Investing for Profit:
Investing for the purpose of Renting is a great idea to make a little extra income! HOWEVER make sure you are claiming, and paying the state tax back of every rental that you do.
A short sale is a bank owned property however the full value of the property has not been established. There could be liens against the property, and a short sale purchase could take months to process.
Do your research! Much like in Ontario what appears on the market or MLS listings is not always as it seems, especially when dealing with Bank Owned Homes. Have someone with access to the full information review everything
We have recently been doing business within the Florida Market. We have a representative that will be in the Florida area researching some properties this weekend. Let us know if you are interested in getting some of that information, and we will be happy to help.