Fire Sale

Acknowledgments. Introduction. Part 1: What Distressed Property Is And How To Buy It. Fundamental #1: Learn to Properly Identify a "Distressed Property." Fundamental #2: Understand the Fundamentals of the US Foreclosure Process. Fundamental #3: Commit to the No. 1 Rule. Fundamental #4: Look for Local Market Data. Fundamental #5: Avoid the Snake-Oil Salesman. Fundamental #6: Recognize That a Bad Area in the US Is Very Different From a Bad Area Elsewhere. Fundamental #7: Look for the Stability of a Good Neighborhood. Fundamental #8: Choose Your Exit Strategy Before You Make the Deal. Fundamental #9: Know Your Financing Options. Fundamental #10: Become Knowledgeable About the Real Estate Cycle. Fundamental #11: Find the People Who Can Help You Find Foreclosures. Fundamental #12: Benefit From the 5 Profit Centers of Real Estate. Fundamental #13: Be Wary of What a Full-Service Real Estate Investment Group Offers. The Real World: Performing Due Diligence. Checklist for Entering US Real Estate Markets. Part 2: Renovations And Management. Fundamental #14: Work Smartly With Contractors and Subcontractors. Fundamental #15: Weigh Reno Needs Versus Nice-to-Haves. Fundamental #16: Dial Up the Intellect (Dial Down the Emotions). Fundamental #17: Do the Big 4 Renos on a Rental Property Now. Fundamental #18: Get Everything in Writing. Fundamental #19: Make Curb Appeal Count. Fundamental #20: Run If You Spot Any of the Top 3 Reno Red Flags. Fundamental #21: Hire the Right Property Manager. Fundamental #22: Make Money by Delegating to Your Property Manager. Fundamental #23: Communicate With Your Property Manager. Fundamental #24: Be Smart About Rent Collection. The Real World: Mitigating Your Risks and Going Behind the "Foreclosed" Sign. Part 3: Tax Planning. Fundamental #25: Understand How US Tax Laws Can Work to Your Benefit. Fundamental #26: Choose the Right Entity to Structure Your US Business. Fundamental #27: Use Your C Corp to Win the War on Double Tax. Fundamental #28: Increase the Depreciation Deduction and Benefit From Depreciation Recapture. Fundamental #29: Use the Like-Kind Exchange to Boost Your Tax Strategy. Fundamental #30: Boost Your Cash Flow by Using Your Tax Losses. Fundamental #31: Obtain Tax Benefits From Your Worst-Performing Property. The Real World: Limiting Your US Taxation If You re a Canadian Snowbird. Part 4: Legal Planning. Fundamental #32: Cover Your Ass(ets). Fundamental #33: Develop an Asset Protection Plan and Be Prepared to Avoid Lawsuits. Fundamental #34: Counter Threats to Your Wealth With Foresight. Fundamental #35: Draw Up a Blueprint for Your Estate Plan. Fundamental #36: Expect That Every State Will Want a Piece of Your Pie. Fundamental #37: Steer Clear of Asset Protection Fakes, Scams and Planning Errors. Fundamental #38: Be Extremely Wary of the "Best" Plans. The Real World: Putting Someone Else s Legal Experience to Work. Part 5: General Information About Investing In The United States. Fundamental #39: Understand Cross-Border Issues. Fundamental #40: Insure Your Investment. Fundamental #41: Carry Insurance Beyond the Property Line. Fundamental #42: Familiarize Yourself With US Mortgage Financing. Fundamental #43: Buy US Real Estate Property With Other People s Money. Fundamental #44: Arrange Pest Inspections for Your Real Estate Purchases. Fundamental #45: Decide Whether You re Buying a Lifestyle or an Investment. The Real World: Looking for Investments in a Foreign Location. Part 6: How To Make Investing Work For You: What You Really Need To Know. Fundamental #46: Apply the Right Mind-Set to Foreign Investments. Fundamental #47: Be Clear About Why You Want to Buy US Real Estate. Fundamental #48: Learn to Believe Big. Fundamental #49: Choose Your Mentors Wisely. The Real World: Going From Fast Track to Right Track. Contributors Resource Page. More Support for You! Mindset for Success. Stay Connected. About the Author.