The Boston area has old and beautiful architecture, with some homes dating back to the 1800s. While you may feel tempted to buy one of these properties, it is important to know that older homes always come with extra problems. Psychologically impacted properties The...
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What are some facts about foreign real estate investors in the U.S. market?
The real estate market in the United States can be a great way for a foreign investor to get into the country and cash in. There are many people taking advantage of this opportunity. The National Association of Realtors created the 2022 Profile of International...
The United States is a “safe haven” for foreign investors
Countries are returning to business as usual following the restrictions of the pandemic and see the U.S. as an attractive location for commercial real estate investment. While global uncertainties exist such as inflation, geopolitical conflict and supply chain...
3 tips for buying property abroad
While some travelers romanticize living in a country as they experience the people and culture, others have the opportunity to make those dreams a reality. Those who take steps to own property internationally must undergo serious research and seek advice. Potential...
How does a contingency protect you in a real estate purchase?
When you are buying real estate in New York City, you want to be sure that the property will live up to your expectations, particularly if you want to use it to generate income. Sometimes unexpected problems complicate a purchase, and you may have second thoughts...
New York City air rights and how they may transfer
Real estate developers hoping to expand their construction space in New York City may buy rights to build in a vertical direction. These development rights include the empty air space above an existing building. Cornell University explains how air rights consist of...
Property owners may file lawsuits over construction defects
New York property owners have six years from a building's substantial completion date to file a construction defect lawsuit. As noted by ConstructionDive.com, developers owe a duty of care to follow the requirements of local building codes. Building contracts often...
What is a 1099-S?
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...
How does a 1031 exchange work in New York?
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...
3 things to know when investing in U.S. real estate
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....