Comments on: Frequently Asked Questions

By: John Wake

John Wake — Sat, 09 May 2009 19:03:05 +0000

Linda, I don’t know. I don’t think there would be a problem but it might depend on how you held title. That is a question for a real estate attorney, tax accountant or estate planner. I just don’t know the answer to that question.

By: Linda Leslie

Linda Leslie — Wed, 15 Apr 2009 14:38:32 +0000

If me and my husband buy property in Arizona with cash and if I die there (the property then transfers to my spouse) are we subject to what they call U.S. Estate Tax Issue. Is there anything in the Arizona State Laws that say they can take over some of my assets in Canada?

By: Tanis

Tanis — Mon, 02 Mar 2009 16:08:12 +0000

Hi John,

Many thanks for your website. I have a few questions:
-Are there any special restrictions in Scottsdale in regards to adding a pool to home?
-What is the procedure in bidding on foreclosed homes and how do we find out about auctions without subscribing to the expensive online services?
Thanks!

By: Kelly Brack

Kelly Brack — Sat, 28 Feb 2009 01:51:36 +0000

Hello,
What areas do you recommend for a winter home that would sit empty most of the time and have possible weekly rental income?
Thanks, Kelly

By: Russ

Russ — Tue, 11 Nov 2008 00:58:26 +0000

John: Can you post a description or tutorial about “Short Sales”?

By: John Wake - Real Estate

John Wake - Real Estate — Fri, 25 Jul 2008 11:47:19 +0000

I’m not sure but I think it is 6 months.

By: mauricedawson

mauricedawson — Fri, 25 Jul 2008 11:08:40 +0000

how long canaperson not usa citazan live inahome he has perchased in the usa being retired and wishing to stay longer than the regular 90 day visa that is genrally offered

By: rick

rick — Tue, 15 Apr 2008 02:42:25 +0000

i have heard that morgage intrest is tax deductable is this so. if you are getting income from rent what deductions are allowed

By: John Wake - Real Estate

John Wake - Real Estate — Mon, 17 Mar 2008 20:25:28 +0000

Unfortunately, I don’t know the rules and regs in Alberta.

Here homes are frequently bought by an Arizona LLC (Limited Liability Company).

The biggest question I have is about financing. It is often more difficult for an LLC to get a mortgage than for the individuals who make up the LLC. Perhaps it the same there.

If you are paying cash (perhaps from home equity lines of credit on your Alberta properties) then financing is not an issue.

You should speak to your accountant or tax adviser in Alberta to get some expert advice.

By: John

John — Mon, 17 Mar 2008 03:02:41 +0000

Me and some other friends are looking to buy a vacation property together. We have been told to set up an Alberta limited company and buy the property through the limited companies name. We would then act as directors of the firm. Do you know any facts regarding this issue and perhaps pros and cons?