We have more and more Canadians who are taking an interest in and investing in Las Vegas Real Estate, not to mention investors from many other countries around the world.
We thought it might be helpful to talk about some of the financial workarounds for our great neighbors to the North.
Unfortunately, Canadian Banks won’t typically finance the purchase of Las Vegas Real Estate; or if they do, will charge an interest rate of 9%.
The other option for Canadians who are interested in purchasing Las Vegas Real Estate is not much better. Banks here in Las Vegas want 50% down, as they can’t recover any losses with individuals outside the U.S. in most cases. So, want a large amount down.
The best workaround for this situation, if you are a Canadian, is to take equity out of Canadian property and pay all cash for the U.S. property. If it’s a second home we can handle all aspects of the Las Vegas Property Management for you as well.
We have specialists on staff who have spent years working for/with clients from outside the U.S. We have a deep understanding of the financial issues and can help to facilitate your transaction. Please call us 877.360.2030 or visit our Site or info@LasVegasRelocation.com
