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Originally Posted by Street Pharmacist
Mostly the fact that there are nowhere near the same number of deals available.
Regardless, it's not so simple. Check with a lawyer who specializes in these types of deals before investing. Most states have laws that somewhat discourage foreign property investment by adding extra taxes fees, etc. Also, remember that it must be upkept and check out bylaws to see what is required. Also, foreign investments are taxed differently here in Canada. Message: do your homework and get a professional to help you (lawyer, real estate agent or whatever). A bad $40,000 investment is bad no matter how small and losses could escalate if you can't sell it again.
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What you say is true. Arizona is a good place to invest because there aren't any extra taxes for foreign property investment. That is why Canadians are flocking to Arizona to buy real estate. That being said, stay away from California or Florida.