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<p>Foreword xiii</p> <p>Introduction 1</p> <p><b>PART I: THE DECISION TO INVEST 7</b></p> <p>Insight 1: The Economics Behind the US Market 9</p> <p>Insight 2: Finding the Treasure with the Property Goldmine Scorecard 18</p> <p>Insight 3: Let Quality Research Drive the System 21</p> <p>Insight 4: Dig for Specific Information and Ignore Generalities 26</p> <p>Insight 5: Jobs, Infrastructure, and Gentrification 29</p> <p>Insight 6: A Closer Look at Three States 36</p> <p><b>PART II: THE DISTRESSED PROPERTY MARKET 45</b></p> <p>Insight 7: Learn to Identify a Distressed Property 47</p> <p>Insight 8: Understand the Fundamentals of the US Foreclosure Process 52</p> <p>Insight 9: Commit to the Number One Rule, Then Get Your Options Straight 55</p> <p>Insight 10: More on Due Diligence 61</p> <p>Insight 11: Avoid the Snake-Oil Salesman 66</p> <p>Insight 12: Recognize That a Bad Area in the United States Is Very Different from a Bad Area Elsewhere 75</p> <p>Insight 13: Look for the Stability of a Good Neighborhood and Follow First-Time Homebuyers 80</p> <p>Insight 14: Choose Your Exit Strategy Before You Make the Deal 84</p> <p>Insight 15: Know Your Financing Options and Obstacles 91</p> <p>Insight 16: Understand the Real Estate Cycle 96</p> <p>Insight 17: Find the People Who Can Help You Find Foreclosures 105</p> <p>Insight 18: Benefi t from the Five Profi t Centers of Real Estate 113</p> <p>Insight 19: What a Full-Service Real Estate Investment Group Offers 118</p> <p>Insight 20: Analyze Your Deal 123</p> <p><b>PART III: RENOVATIONS AND MANAGEMENT 135</b></p> <p>Insight 21: Work Smartly with Contractors and Subcontractors 137</p> <p>Insight 22: Weigh Reno Must-Haves with Nice-to-Haves 143</p> <p>Insight 23: Dial Up the Intellect (Dial Down the Emotions) 148</p> <p>Insight 24: Do the Big Four Renos on a Rental Property—Now 152</p> <p>Insight 25: Get Everything in Writing 157</p> <p>Insight 26: Curb Appeal: You've Got Seven Seconds to Impress Me 161</p> <p>Insight 27: Run If You Spot Any of the Top Three Reno Red Flags 165</p> <p>Insight 28: Hire the Right Property Manager 172</p> <p>Insight 29: Make Money by Delegating to Your Property Manager 177</p> <p>Insight 30: Set the Rules Up Front with Your Property Manager 180</p> <p>Insight 31: Be Smart about Rent Collection 184</p> <p><b>PART IV: CROSS-BORDER TAX PLANNING 189</b></p> <p>Insight 32: Understanding US Tax Laws 191</p> <p>Insight 33: Taking Title to Your US Property Investments 197</p> <p>Insight 34: Deal with Depreciation 202</p> <p><b>PART V: LEGAL PLANNING 213</b></p> <p>Insight 36: The Three Pillars of Real Estate Asset Protection 215</p> <p>Insight 37: Develop an Asset Protection Plan and Be Prepared to Avoid Lawsuits 219</p> <p>Insight 38: Counter Threats to Your Wealth with Foresight 222</p> <p>Insight 39: Draw Up a Blueprint for Your Estate Plan 226</p> <p>Insight 40: Steer Clear of Asset Protection Fakes, Scams, and Planning Errors 233</p> <p><b>PART VI: CROSS-BORDER BANKING AND FINANCING 239</b></p> <p>Insight 41: Understand Cross-Border Issues 241</p> <p>Insight 42: Familiarize Yourself with US Mortgage Financing 245</p> <p>Insight 43: Buy US Real Estate Property with Other People's Money 248</p> <p><b>PART VII: INSURANCE AND INVESTMENTS 253</b></p> <p>Insight 44: Insure Your Investment 255</p> <p>Insight 45: Carry Insurance Beyond the Property Line: Medical, Auto, and Third-Party Liability 262</p> <p>Appendix: Considerations for Buying a Second Home 266</p> <p>Index 269</p> <p>About the Authors 274</p>

<p><strong>Richard Dolan</strong> (Toronto) is the CEO and Senior Analyst of the U.S. Property Shop, a U.S. real estate capital advisory and research company based in Toronto.?Dolan has co-designed two certification programs, Certified Wealth Management & Marketing and Selling Wealth Management Services, which are offered at the Schulich School of Business, York University. <p><strong>Don R. Campbell</strong> (Vancouver) is a Founding Partner of the Real Estate Investment Network(tm).?He is a leader in providing Canada's most current real estate investment education programs and economic research materials, and is the author of the best-selling <em>Real Estate Investing in Canada 2.0</em> and co-author of <em>97 Tips for Canadian Real Estate Investors</em>; <em>Real Estate Joint Ventures</em>; and <em>Secrets of the Canadian Real Estate Cycle</em>. <p><strong>David Franklin</strong> (Toronto) is counsel to The US Property Shop and an expert on Canadian and US real estate.

<p>Whether you are looking to purchase a vacation home or an investment property in the United States, or already own a property in the US, you are part of a growing trend as Canadians continue to buy US real estate at a record pace. But as the US economy shifts gears and laws change around purchasing and owning US property, you need to have the most current information at your fingertips. <i>Buying US Real Estate: The Proven and Reliable Guide for Canadians</i> is written by real estate and legal experts who address the many cross-border issues and requirements, such as:</p> <ul> <li>understanding your finance options</li> <li>learning what you need to know about US tax law</li> <li>ascertaining what type of ownership best meets your requirements</li> <li>putting an estate plan into place</li> </ul> <p>Every Canadian buyer needs to ensure they do not put themselves at financial or legal risk. <i>Buying US Real Estate</i> deals with the most pressing topics for Canadian buyers and can help them save money and time by preparing thoroughly for the purchase process.</p> <p>"Every now and then a book comes along that fundamentally changes the game. This book draws upon real science and substance to permanently elevate the way people and place come together."<br /> — Dr. Paul Stoltz, visiting professor, Harvard Business School</p> <p>"<i>Buying US Real Estate</i> is a must-read for any boomer who wants to spend the next 30 years fulfilling dreams, leaving a legacy, and living a purposeful life."<br /> — Dr. Sherry Cooper, chief economist, BMO Capital Markets and best-selling author of <i>The New Retirement</i></p> <p>"The book's thesis is that the older people get, the more likely they will buy a home-away-from-home. The spoils will go to those who act in the next two years."<br /> — Jonathan Chevreau, editor of <i>MoneySense Magazine</i> and author of <i>Findependence Day</i></p>

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