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International investors have been justifiably wary as they observe current high-end real estate trends in New York City. However, recent signs may indicate a rapid and unusual rebound in the near future. Will there be an uptick in sales of distressed assets? Veteran...
If you sell a property you own, then you will need to file a 1099-S form for tax purposes. According to REtipster, this form is part of the closing process and reports your profits from the sale. The IRS requires you to file a 1099-S form to ensure you pay all...
You understand the importance of having a health care proxy make medical decisions for you if you become incapacitated, but do you know how to talk about the matter with candidates? You do not want your chosen proxy to learn of your decision after you become medically...
When you create your business, one of the first things you need to do is decide what structure you will use. Each business structure has its own benefits and drawbacks. This includes LLCs, or Limited Liability Companies. What are the benefits of an LLC? And what are...
Any foreign holder of real estate in New York likely knows just how tricky tax laws surrounding purchases and sales can be. Many owners want to avoid a sizable payment to the U.S. government come April 15th and choose to participate in a 1031 exchange instead. In New...
Creating your estate plan is just the first part of having a healthy and comprehensive end-of-life structure. Your life constantly changes. Thus, you want your estate plan to reflect this. This means reviewing your plan somewhat frequently. But just how often should...
Creating your estate plan often feels like an enormous task in and of itself. The idea of going back and combing through it every so often is likely not appealing to you in any way. Unfortunately, this is a necessity and for the benefit of your loved ones. But is...
Many people from outside the United States find it worthwhile to invest in American real estate. This is due in part to the fact that American real estate is relatively stable and poised for continued economic growth. You do not have to hold a green card or U.S....
Real estate is a great way to make money. Even though the market has its ups and downs, it is still one thing that will always come back up and be profitable. Deciding to invest in real estate involves analyzing how you can make money from doing it. Obviously, the...
Getting large amounts of money into the United States is not always easy or cheap. However, it is often necessary to do so in order for foreign nationals to complete commercial real estate transactions. Anything even remotely unconventional could garner unwanted...