QUOTE (bizaro86 @ Aug 24 2010, 10:24 PM) One thing I didn`t think to ask in your other thread was: why Arizona and not Nevada, Florida, Calif, etc? Do you feel available cap rates are better?
Michael
Speaking of Nevada. Last time I was down in Vegas I did sign up for the Foreclosure bus tour that one of the real estate firms uses to market the real estate down there... but it was for like a whole day of going around to various foreclosed places and I had only a limited time in Vegas... so I cancelled. It would be cool to own a place in Vegas even for just a vacation property.
I myself would be worried about the currency exchange risk... if you bought with canadian dollars... as the CDN dollar appreciates will you property become cashflow negative? (Since you would be paying your mortgage or whatever in CDN but getting rent in USD) I guess it`s not a huge worry about 30 to 50K... still I`m rather conservative and like Canada =) (And so much extra homework just to get to the same level of knowledge to be comfortable investing in another country... tax, laws, exceptions)