On 25 Jun 2006 12:37:04 -0700, SP Cook wrote:
>
> me@privacy.net wrote:
>> What would it take to buy investment rental property
>> say in Bahamas or another island?
>>
>> besides money of course?
>>
>> I'm wondering abt the legal aspect of owning real
>> estate outside of the US and living in the US
And there is another aspect.. Unless you have a permanant resident visa
of some sort, you could end up owning property that you can't go visit.
And since you arn't a citizen of the country in question, you have little
say over what happens with respect to the laws of that country.. say..
something like... "property owned by a foreigner will be taxed at %600 of
what a local would pay"... It's a bit like city hotel room taxes in the US..
Since people who live in a city rarely use a local hotel, there is little
objection to hotel taxes...
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