Investment on Real Estate in the United States
The interest of investing on real estate in the United States on the part of Latin Americans is increasingly, and it’s because different reasons.
Seen by some as a great option to have a vacation residence or a place to live someday. And seen by others as a great investment option, because of the benefits That real estate market offers to aliens in this country.
For whatever reason, experts on real estate, international lawyers, migration attorneys and financial advisors agree that our number of Latin American customers has increased. Certainly, political conjuncture carries some certain level of uncertainly that boosts people to value different options to ensure their financial wealth.
Clarifying some doubts about purchases from abroad:
What should we do before investing?
Although, acquiring a property abroad can be a very smart decision, you must consider some key issues before buying:
Once you find the property in which you want to invest, before closing the trade it’s important to know that tax paying rules change according to the migration status of the buyer. Buying a property as a foreign customer and other categories, can generate taxes up to 40% at the time of transferring, giving away, selling or inheriting, so it’s necessary to consult with an attorney before closing the trade, so he/she can give advice and show the best way of acquiring the property avoiding those taxes or deducting most of them.
There are different modalities in which an alien can acquire a Property. Some of them are:
- A Corporation
- A Society
- A Trust
- A Limited Liability Company
- A Co-ownership
You have to analyze circumstances and objectives to find the best option for the specific customer necessities. While some structures can work for a customer, they can be the worst option for another.
That’s why it is so important to have a group of experts to advice you at the moment of investing abroad. In other case, mistakes that can affect your future finances may be committed.