Don’t get hung up on U.S. dollar rates, expert warns

Canadians need to stop focusing so much on the U.S. dollar or else they will miss the boat, says one seasoned investor.

The fluctuating Loonie in recent months may have stalled many expansion plans of late, but one investor says it is time to stop obsessing about the currency rates.

“I would encourage clients that it is important to consider all market fundamentals above all else,” says Sean M. Greene from Platinum Investment Real Estate Group. “There are some extraordinary opportunities for Canadians investing in U.S. real estate these days that far outweigh the shift in the Canadian dollar.”

To safeguard investments against any future fluctuations, many Canadians are changing the way they finance deals, according to Ryan Kohl from Express Capital Mortgage Inc. in Arizona.

“Instead of moving money over from Canada, we are performing ‘cash out’ or equity loans on properties that were purchased for cash,” he says. “Many Canadians have been paying cash for years and have a lot of equity that we can leverage for them to re-invest in additional property. This way they don’t have the added losses from moving money across the border.”

He adds that more companies are setting up limited companies in the U.S. to access finance from lending institutions there, while fix-and-flippers are turning to hard money lenders to fund such projects.

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