Canadians are buying and the U.S. attracts a huge number of real estate investors from all over the world. Even Canadian citizens seem to be interested to buy a second home here. Miami, Orlando and Florida are considered to be the top real estate business attractions.
Why invest in these states?
Over 20% of real estate investors prefer to invest in properties in Florida followed by Orlando and Miami. The reasons to invest in properties here vary between investors. Some common reasons are:
- Affordable properties
- Offer wonderful places to retire, thus attracting significant affluent retirees. Many prefer to relocate as well as retire in Florida to enjoy their last days.
- Significant equity potential.
How can Canadian investors identify potential investment properties?
For any international investor to identify a lucrative investment property anywhere in the U.S. can be a challenging task. It also includes places like Florida, Miami and Orlando as well as investors from Canada, yes Canadians are buying. The investors do not have much knowledge about the individual neighborhoods of the region. Hence, come across a potential investment property to enhance passive income prospects can be tough.
Moreover, the investors cannot travel repeatedly to search for a good property. But they can always rely on reputed real estate consultants who can help choose the best real estate in the preferred region.
What are the hottest markets available for Canadian real estate investors in Florida?
- Miami: It is considered to be one of the world’s most popular and picturesque cities. It is also close to Latin America. This place enjoys high real estate market demand.
- Orlando: It is one of the world’s most visited tourist destinations enjoying a stable economy. It witnesses a boom in rental choices.
- Jacksonville: When compared to other major U.S. cities, Jacksonville receives less tourism traffic. Still, this is an attractive market for international real estate investors. It features a strong and diverse economy combined with an amazing Floridian climate.
- Tampa: There are numerous reasons cited for Tampa to rank the top U.S. city for both international and national real estate investors. It is also considered to be Florida’s 2nd largest economy. Investors can derive amazing real estate value including competitive rents.
Funding
This is one of the major concerns faced by Canadian investors when investing in Florida properties. They rely mostly on hard money and private lenders to complete the deal. Once you own numerous cash profit-generating properties, you can easily finance future purchases.
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