If you’re Canadian and are thinking about buying property in our beautiful winter wonderland here in the desert..or anywhere else USA, read this. Still a great investment strategy for your portfolio, but always super wise to consult your tax professional, get the required docs in Canada and USA so you know what to expect!
Buying in the Palm Springs Valley is a dream for many foreigners. Our warm winters are not to be beat. Golfing, hiking, biking, swimming, shopping, dining outside in the middle of winter, strolling the local art galleries, heading out to cabazon for some killer designer shopping..whatever. There is no reason NOT to buy a winter investment home here in the desert, but be smart. Consult your CPA or tax attorney first!
If you’re feeling shaky? The BIG BOYS are buying investment homes in bulk..that should be some comfort!