We are not professionals, nor should any of the content here be used without professional validation to make decisions for your situation. Since entries appear with the most recent on at the top, if you would like to read in a chronological order start at the bottom.

If you feel that the experience shared here has helped you save time and money please consider donating to help spread the costs of acquiring it. Any contribution is appreciated. By way of thanks, anyone who donates will receive bonus materials:

- Current copy of detailed notes

- A sample accounting spreadsheet we use instead of costly accounting software

- A sample Statement of Qualification and Operating Agreement for an LLP

Thanks and good luck with your property!

Thursday, December 20, 2012

Another Currency Exchange option

Some feedback and a tip from a reader...thanks S!

Quote: Just wanted to send you a quick update on our house search in Las Vegas...we have entered into the due diligence period of the deal, and are actively working on sorting out a lot of paperwork. Your blog post on FIRPTA was especially useful!

I just wanted to drop you a tip regarding currency exchange. I have had excellent success with Vancouver Bullion and Currency Exchange, based out of Vancouver. Their rates are more competitive than any big bank or even any online conversion service. Their charge for U.S. $ wire transfers is a flat $25, and best of all, they give you a Private Client account that you can deposit into using your bank's 'Bill Pay' service for free. Once the money is received in a day, the conversion occurs the next AM and the wire can be in escrow by the following day.

I have no association with the VBCE, just thought I'd share this viable alternative.


End Quote
S advised that in his particular circumstance, the quote received was 0.3% lower than another exchange firm; and about 1% less than a bank quote.

No comments:

Post a Comment