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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...
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...
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...
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...
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...
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...
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 buyers may overlook the importance of boundary lines during the due diligence process. Purchasing property in New York City without understanding its borders could result in a surprise after moving in. Sidewalk trees, for example, may belong to the...
Whether you are looking to invest in a New York City property or want to buy a home for personal use, if you are considering a condo purchase, creating a limited liability company may offer several important advantages. In addition to offering personal liability...
It is a common investment strategy in the U.S. market to buy a property with the intent of quickly reselling it at a higher price. The so-called “buy-and-flip” approach can be profitable here in the U.S., but it is often less so when looking at property in other...