If I am Canadian, how can I buy these deals in the USA?
We have the contacts and resources to guide you in the right direction
It doesn't have to be very complicated! There are many ways to acquire these properties. Some are simple, and often have great tax benefits. If you are looking to simply own a piece of income generating real estate, you can do that with very few steps.
We do recommend that you talk with your accountants and lawyers to find the way that is best, for you. When you are thinking of purchasing with Auxo Homes, we will enable you to learn the ways our clients do it and give you all the information you need to get things started.
Having the Right Structure
It's important to have the right structure in place when it comes to buying your property in the US. Auxo has information on all the various models available to Canadians. Some as simple as buying personally, others can be as complex as setting up multiple corporate entities. We offer PROFESSIONAL Referrals to Experts for all those who register to our VIP Buyer Program.
Right information from the right people:
Be sure to have the answers to the following questions:
- What are the tax implications on the sale of a property?
- What are the tax implications on rental income?
- What do I know about Estate Taxes?
- How do I protect myself?
The rest is all details that we can guide you through. These major questions will get you started in the right direction.
Have the right Team to keep an eye on your Property
When you own a property away from your primary residence, it's important to have a team in place to ensure your property is well maintained. Auxo Homes has teams of contractors, property managers and real estate representatives that we use for our own acquisitions. You also get the added bonus of having a project manager from the Auxo team on location to for peace of mind.
Access to Financing
Financing can be difficult for Canadians looking to buy US Real Estate. Some banks will only lend if the property purchased is used as a vacation property. When you use the property for rental income, it becomes more difficult.
Some Canadians prefer to use equity from their home in Canada because of the excellent current rates.
Contact us at [email protected] for more details.
