Arizona is one of the leading opportunities to invest cross border today. Continue reading to learn more
Our Cross Border Investing Guides are fantastic resources that allow Canadian Real Estate Investors to understand how and where to purchase real estate properties in the United States and Mexico. Currently, Team Amy & Ally offer buyers guides for three locations: Arizona Buyers Guide, Florida Buyers Guide, and Cabo Buyers Guide
One of the challenges for purchasing properties across the Canadian border is that there are a lot of moving parts. How do you find the right properties? How do you navigate the legality and tax topics? And how do you find the right Real Estate Agents & dedicated Power Team to assist with the process so that it is streamlined and turn-key?
There were 8,800 properties bought by Canadians across the border in 2021. That number ten years ago was closer to 70,000. Read our REIN Canada article for more reasons why we believe the opportunity for Canadians is now.
Not only will you increase your net worth and become more financially free, you’ll have one of the strongest currencies in the world. The best part? Block time off, escape, take the whole family, or work remotely from your beautiful new property and take in the warmer weather. Beautiful and affordable cash flowing properties are plentiful down South if you know where to look, and we have extensively researched the very best zip codes for the highest return on investment. Let’s get you places!
The team at Amy & Ally at Engel & Völkers Vancouver are Cross Border Real Estate Specialists. Whether you are looking for snowbird properties for a second home, vacation style property, a change of scenery, or simply investment properties to secure higher cash flow, we will assist you at every step of the way.
We have selected Arizona, Florida, and Los Cabos as our three cross border specialist areas for investment. These locations are absolutely fantastic as they either hold their value extremely well, generate strong cash flow returns, and are located in sub-areas that are poised for appreciation and strong economic growth.
Our team is here for you every step of the way, from specialized accountants to tax lawyers, to cross border mortgage specialists, and tech savvy property managers with committed managers in each area, the Cross Border program helps you create wealth and expand your property portfolio in the most protected way possible.
In order for you to have the best experience buying cross border, we wanted to make sure we went through the process beforehand to avoid as many mistakes as possible. As trusted real estate advisors with one of the largest investment education platforms, REIN CANADA, it was important to 'walk the talk' so you can feel comfortable buying your dream property.
Here are links to our 'Cash Flow Cuties' as we like to call them. We regularly share our property calendars to show guest bookings with true and tested occupancy rates and our cash flow data.
Check out our blog post on REIN Canada, "4 Insider Tips: How To Buy Your Dream ‘Snowbird’ Property"
“What we bought in Arizona for $700,000 would be $3-million in Vancouver,” said Zia Hirji, an investment advisor who owns a rental condo in Vancouver but recently bought another home in Arizona that he’s listing on Airbnb.
One of the fastest-growing trends in real estate investing in the United States has found there are places such as Arizona where home values are relatively low and rents are high enough that cash-flow isn’t a problem.
In search of cash flow for small-scale rental investors, a pair of Vancouver realtors are suggesting buyers shift their gaze from the coast and mountains to the desert of the American south-west.
“A lot of our clients are firefighters or teachers, doctors or lawyers, and some don’t want to go into crypto or the stock market,” said Amy Leong, a sales advisor with Engel & Volkers Vancouver who, along with business partner Ally Ballam, is opening a satellite office in Scottsdale, Arizona. Some of their clients have built up equity during the two-year upswing in residential real estate prices and are sitting on $500,000 or $1-million, she said. “They are having dinner conversations saying it would be really nice to be able to buy a vacation home, or a family joint venture … they want to own property across the border.”
“B.C. and Vancouver real estate does really well over time appreciating – you look at it as a long-term investment. But if you’re doing a 20 per cent down payment, it’s very hard to find something that cash-flows in Greater Vancouver. That’s what I see myself through working with clients,” said Johanna Williams, a client of Ms. Leong and Ms. Ballam and a mortgage specialist with Royal Bank of Canada. By “cash-flows” she means the rent covers the mortgage and other costs and still adds money to your bank account monthly.
Read the full article: "Small investors follow the big money to single family rentals in Arizona"
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Description: Enjoy a great experience at this stylish & centrally located home in a very safe & walkable neighbourhood (3rd most walkable neighbourhood in Scottsdale). This entirely renovated 4 bedroom home has all the feels of a luxury retreat. Fantastic from top to bottom, you will absolutely love the private backyard & peacefulness that comes with it. With an inviting kitchen & oversized island it is perfect for cooking & entertaining.Click to View on Airbnb