Jody Cracknell

Hi Dean,

As you are a Canadian you will also need to look into transferring your CAD to USD, you could use your bank but they will not necessarily give you the best exchange rate and will typically offer you a tourist rate of exchange. 'Currency Specialits' can assist you as they will be able to provide up to 4% better exchange rates than banks (i.e. changing 100,000 CAD to USD using a Currency Specialist will save you up to 4,000 CAD) this saving on transferring your currency will add to your return on buying your investment properties. Also currency specialists are able to transfer your funds free of charge internationally and lock in rates of exchange to protect against any adverse fluctuations in foreign currency movements in your closing period, again helping minimise any loses on your investment by eliminating any currency risk with your international purchase.

Feel free to contact me below if you have any queries.

Regards

Jody

Jody Cracknell

Business Development Manager



HIFX Inc.

7220 International Drive

Orlando, Fl 32819

Cell: +1 (415) 728-1381

Email: jody.cracknell@hifx.com

Web: http://www.hifx.com/personal.aspx





Auckland London Marbella San Francisco Sydney Toronto Windsor

The details expressed in this transmission and accompanying documents are for information purposes only and are not intended as a solicitation for funds or a recommendation to trade. HIFX Risk Management Inc accepts no liability whatsoever for any loss or damages suffered through any act or omission taken as a result of reading or interpreting any of the above information. - Wed May 14 2008, 12:53

Hi Tamara,

If you are selling your home in Florida and transferring those funds back to Canada it would be advisable to speak with a 'Currency Specialist' who can transfer your funds at a better exchange rate than your bank by up to 4% (i.e. transferring 100,000 USD back to CAD Currency Specialists can save you up to 4,000 USD) They will also send your funds internationally free of charge.

For further information please contact me.

Regards

Jody

Jody Cracknell

Business Development Manager





HIFX Inc.

7220 International Drive

Orlando, Fl 32819


Cell: +1 (415) 728-1381

Email: jody.cracknell@hifx.com

Web: http://www.hifx.com/personal.aspx





Auckland London Marbella San Francisco Sydney Toronto Windsor

The details expressed in this transmission and accompanying documents are for information purposes only and are not intended as a solicitation for funds or a recommendation to trade. HIFX Risk Management Inc accepts no liability whatsoever for any loss or damages suffered through any act or omission taken as a result of reading or interpreting any of the above information. - Wed May 14 2008, 12:44

Hi Elaine,

You also need to look at other costs associated with buying a property in Florida as a Canadian, such as the 'cost' of changing your CAD to USD for your property purchase. Your bank will not necessarily provide you with the best rate of exchange and will typically give you a 'tourist' rate of exchange. 'Currency Specialists' are able to provide you with up to 4% better exchange rates than banks (i.e. changing 100,000 CAD to USD using a currency specialist can save you up to 4,000 CAD) They are also able to transfer your funds internationally free of charge and also help you lock in rates of exchange to protect against any adverse fluctuations in foreign currency movements in your closing period (or, at the moment take advantage of the strong CAD vs the weak USD).

I hope this helps, feel free to contact me below if you have any queries.

Regards

Jody

Jody Cracknell

Business Development Manager





HIFX Inc.

7220 International Drive

Orlando, Fl 32819


Cell: +1 (415) 728-1381

Email: jody.cracknell@hifx.com

Web: http://www.hifx.com/personal.aspx





Auckland London Marbella San Francisco Sydney Toronto Windsor

The details expressed in this transmission and accompanying documents are for information purposes only and are not intended as a solicitation for funds or a recommendation to trade. HIFX Risk Management Inc accepts no liability whatsoever for any loss or damages suffered through any act or omission taken as a result of reading or interpreting any of the above information. - Wed May 14 2008, 12:24

Hi Ron,

As discussed in posts below you will also need to consider the currency aspect of your property purchase in Florida. You can use your bank to transfer Canadian Dollars to US Dollars but they will not provide you with the most competitive exchange rate.

'Currency Specialists' can provide significant savings changing your Canadian Dollars to US Dollars, they will also be able to help you 'lock' in exchange rates so you are protected against any adverse currency fluctuations and transfer funds free of charge.

You may also find our recent newsletter interesting which highlights the recent CAD appreciation vs the USD and how if property prices continue to fall in the U.S., due to this currency appreciation you would be in a better position to buy now rather than wait. I have included a link below to our March Newsletter on one of my French real estate agents websites. It discusses a Canadian buying in Mexico in USD so it applies to your situation.

http://www.americansinfrance.net/MovingPlanner/HiFX-Newslett…

Please contact me below if you have any queries.

Regards

Jody

Jody Cracknell

Business Development Manager



HIFX Inc.

7220 International Drive

Orlando, Fl 32819

Phone: +1 (407) 397-9777 Ext. 5016

Cell: +1 (415) 728-1381

Email: jody.cracknell@hifx.com

Web: http://www.hifx.com/personal.aspx





Auckland London Marbella San Francisco Sydney Toronto Windsor

The details expressed in this transmission and accompanying documents are for information purposes only and are not intended as a solicitation for funds or a recommendation to trade. HIFX Risk Management Inc accepts no liability whatsoever for any loss or damages suffered through any act or omission taken as a result of reading or interpreting any of the above information. - Fri Apr 11 2008, 12:55