Canadians eye cheap Florida real estate Endvestors are Canadian investors who are snapping up deeply discounted bargains south from the border in Florida using the aim of renting them out until they retire many years in the future, in some instances.
real estate whistlerThese investors understand or know if they do not acquire a foot inside the Florida waters at this point, there exists a pretty good chance they will not be able to afford an additional home when they actually want one.
These investors are not people searching for quick flips. They are ready to buy and hold. Actually, there are still many deals to be had. 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 through the thousands of Floridians who've lost their houses and cant qualify for mortgages.
That coupled with a strong dollar and low interest rates has convinced many Canadian house buyers that purchasing in Florida is not only a sound investment but a sure retirement plan even if means needing to file taxes with the dreaded Internal Revenue Service.
Florida Home Finders holds regular seminars for Canadians attempting to buy in Florida and estimates are that 75 per cent of Canadians buying now intend to rent their properties out.
It is suggested a trust be made for any property over $100,000, which could add thousands towards the upfront cost but save much more on estate and other taxes down the road.
whistler real estateMany hard-hit Floridians are now actively attempting to list their homes specifically to Canadians. The demand by [ endvestors |
http://endvestors.com ] remains strong. It's a win-win situation for everyone involved. It is great for the Florida economy that Canadians can get discounted prices, which the brand new Canadian home owners are providing Floridians, who cant afford a home, a location they can rent.