Podcasts about firpta

Miami Real Estate Podcast

Play Episode Listen Later May 10, 2024 12:39

A monthly review of US international tax-related developments. In this edition: US tax policy battle lines being drawn; House Republican tax writers form 10 TCJA ‘tax teams' – US progress on global minimum tax will positively affect ongoing R&D talks, JCT updating BEPS Pillar Two analysis – IRS releases proposed rules on stock repurchase excise tax – IRS waives penalty for CAMT estimated tax – IRS final regulations on FIRPTA controlled QIE rules released – IRS releases draft Form 1099-DA on digital asset proceeds – US says draft Australian ruling on cross-border computer software sales contrary to US-Australia DTT, OECD Model Treaty – IRS releases APA report for 2023 – OECD BEPS 2.0 status update – OECD releases consolidated GloBE commentary document, revised GloBE examples.

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Carlos Castellon — Navigating Real Estate in Florida: A Comprehensive Guide to Taxes, Structuring, and Investment Strategies

Play Episode Listen Later Oct 19, 2023 22:49

Carlos Manuel Castellon, CPA has more than 40 years of professional experience in tax and business advisory services. He frequently consults with foreign individuals and companies entering the United States with tax, financial, business, and immigration matters. In this episode, Carlos addresses the most frequently asked questions foreign buyers have when purchasing real estate in the U.S., including: Do I need a Visa to buy Real Estate in Florida? Should I buy under my name or under an entity? Should I finance my purchase? What is the best structure to reduce income taxes when investing in Real Estate? Since an LLC can expose me to an estate tax, how do we mitigate this? Is there an estate tax at the State or Federal level for holding Real Estate? What structure would eliminate the possible estate tax? Do you pay a lot of income tax in the US? Do I need to travel to establish an LLC or a corporation? If I put a down payment on a pre-construction project signed under my name, how do I change it to have a structure that is more appropriate? What is FIRPTA? Is there a way to defer income taxes when you have appreciation and sell the property? About Carlos: Carlos Manuel Castellon, CPA, graduated from Florida International University (FIU) in 1982 with a bachelor's degree in business administration with a concentration in accounting and taxation. He began his career in public accounting in 1982 with KPMG, a "Big 4" international accounting firm. He then opened his own firm in 1987 and it has grown to become one of the most recognized Hispanic CPA firms in South Florida specializing in International Taxation. Castellon Halloun PL is a founding member of ICG-International Consulting Group, an alliance of tax professionals, attorneys, and consultants in more than 25 countries. He has been a member and director of the following organizations: Founder and president of ICG-International Consulting Group. ICG is an alliance of prestigious consulting, legal and accounting firms with offices in over 25 countries in the Americas, European and Asian continents. Board of directors of Florida International University (FIU) Honors College Board of directors of the international committee of the Miami Chamber of Commerce Director & Board member of Citrus Health Network: a non-profit mental health hospital Member of the Cuban American Certified Public Accountants Member of the American Institute of Certified Public Accountants (AICPA) Member of the Florida Institute of Certified Public Accountants (FICPA) Host: Omar De Windt Producers: Omar De Windt; Veronica Aizpurua

Ep. 98 - What is FIRPTA (Foreign Investment Real Property Tax Act)

Real Estate Finder

Play Episode Listen Later Oct 4, 2023 29:34

Staci and Matthew talk about FIRPTA, the Foreign Investment Real Property Tax Act. What is FIRPTA? It is the withholding of a percentage of the sales price when the Seller is a non-Us person. Why? So the IRS can get paid. Matthew talks about some real estate deals he has done where this withholding is triggered. And we are joined by Attorneys Greg Gefen and Benjamin Werber via Youtube. FIRPTA: Sounds funny, but it won't be funny if 15% is taken from the seller at closing. Have questions about FIRPTA? Have a seller who is a foreign national? You MUST listen to today's podcast! Thanks for joining us on the Real Estate Finder Podcast! Brought to you by: Matthew H. Maschler, Esq. Real Estate Broker (561) 208-3334 Matt@RealEstateFinder.com www.RealEstateFinder.com 6699 North Federal Highway, Suite 103 Boca Raton, FL 33487 And check out our other Podcasts: https://www.realestatefinder.com/podcasts/ Shop: https://www.prowrestlingtees.com/matthewmania Member of the Palm Beach Board of REALTORS®, the Miami Association of REALTORS®, the Naples Areas Board of REALTORS®, Orlando Regional REALTOR® Association and R-World Broward, Palm Beaches, and St Lucie REALTORS®. Help Israel Now! All support goes Straight to Israel's Soldiers www.yasharlachayal.org Learn how to support our efforts to provide housing in Haiti http://www.frank-mckinney.com/caring-house-project

95. FIRPTA - Todo lo que debes saber para invertir en Estados Unidos como extranjero

Impuestos en Estados Unidos - Income Tax

Play Episode Listen Later May 27, 2023 6:44

¿Eres extranjero y quieres invertir en USA? Esto es lo que debes saber del FIRPTA. SÍGAME EN FACEBOOK Y ENTÉRESE DE TODO

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EY Cross-Border Taxation Spotlight for Week ending 6 January 2023

tidbits foreign investment firpta

Play Episode Listen Later Jan 6, 2023 4:01

A review of the week's major US international tax-related news. In this edition: IRS issues interim guidance on application of new corporate alternative minimum tax – IRS releases interim guidance on excise tax on certain corporate stock buybacks – IRS releases final regulations on FIRPTA tax exception for qualified foreign pension funds and qualified controlled entities.

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REAL TidBits Series: FIRPTA

The Real Estate Lowdown

Play Episode Listen Later Jan 4, 2023 19:43

The Foreign Investment in Real Property Tax Act: what does it mean, when it applies and who it affects? We're covering the fundamentals of this additional and automatic 10-15% taxation of the gross proceeds of the property, on a foreign seller taking their money out of the US market through the sale of real estate.To learn more, visit:https://billbymel.com/Listen to more episodes on Mission Matters:https://missionmatters.com/author/bill-bymel/

Ep. 59 - What is FIRPTA (Foreign Investment Real Property Tax Act)

Real Estate Finder

Play Episode Listen Later Nov 23, 2022 29:34

HARPTA and FIRPTA in Hawaii Real Estate (Inside Hawaii Real Estate)

ThinkTech Hawaii

Play Episode Listen Later Nov 16, 2022 31:10

Tax Implication for Mainland/Foreign Owners. The host for this show is Will Tanaka. The guest is Brad Konishi. Host Will Tanaka welcomes special guest, Brad Konishi CPA, to take a deep dive into HARPTA and FIRPTA issues, and the tax implications for owners and investors who sell real estate in Hawaii. Hawaii Real Property Tax Act ('HARPTA') and Foreign Investment in Real Property Tax Act ('FIRPTA') are always hot topics for Hawaii real property owners who are second-homes owners, mainland investors and foreigners. The ThinkTech YouTube Playlist for this show is https://www.youtube.com/playlist?list=PLQpkwcNJny6mlvN1UofaZUZfmcdpoeEKa Please visit our ThinkTech website at https://thinktechhawaii.com and see our Think Tech Advisories at https://thinktechadvisories.blogspot.com.

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Foreign Real Estate Ownership

Wealth and Law

Play Episode Listen Later Jun 1, 2022 22:26

Brent chats about estate tax (and some income tax) risks to foreigners owning real estate in the United States. He explains the strange rules about direct ownership, surprising results at death, and some options to avoid estate tax issues. It is common for foreigners to purchase real estate in the United States. Once they do, they contend with a host of special tax rules, from FIRPTA, to withholding tax on rental income, to gift tax on gifts to family and non-citizen spouses, to the estate tax. Non-citizen non-residents (for estate tax purposes) also only benefit from a $60,000 exemption from estate tax on their United States real estate. Needless to say, foreigners can be surprised to learn about these taxes after the excitement of owning a home or investment property in the United States wears off. While this episode focuses on the estate tax considerations, important income tax considerations exist as well. If you are enjoying the podcast please SUBSCRIBE and leave a REVIEW, and if you want to learn more about Brent go to https://wealthandlaw.com/team/.

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You Need To Know About These Taxes

Hawaii Real Estate Podcast with Duke Kimhan

Play Episode Listen Later May 23, 2022

Here's what Hawaii rental owners need to know about HARPTA and FIRPTA. Have you heard of HARPTA and FIRPTA? These are important taxes for Hawaii rental owners to know about, so let's talk about them. First, what is HARPTA? Standing for the “Hawaii Real Property Tax Act,” this act withholds tax on sales of Hawaii rental properties by non-resident owners. We exclusively work with rental properties, so we always remind our clients about this tax. We aren't tax experts or CPAs, so talk with a tax professional when dealing with HARPTA. FIRPTA, on the other hand, stands for “Foreign Investments in Rental Properties Tax Act.” Combined with HARPTA, these laws are huge because they take a percentage of your sales price instead of your profits. We highly recommend you speak with your Realtor and tax experts about these taxes. If you need a professional referral, just reach out to 808-445-9223 or info@HIPacificPM.com. We look forward to hearing from you!

Bringing Foreign Investors in the US Real Estate Market

How to Scale Commercial Real Estate

Play Episode Listen Later Mar 3, 2022 18:57

Can foreign investors invest in the US real estate market? Absolutely, they can, and we have Terry Yonker to tell us how. Terry is the Lead Broker at Buckeye Realty, which helps its clients from all over the world build wealth and financial freedom through real estate properties in the United States. He joins us in this episode to talk about his role as a real estate broker for foreign investors, the unique challenges that they needed to overcome, and some tips for those outside the United States who also want to take advantage of the country's promising real estate market. [00:01 - 04:01] Opening Segment Terry Yonker tells us why he's in the brokerage aspect of commercial real estate How he came up with the idea to bring foreign real estate investors in the US [04:02 - 09:37] Brokering For Foreign Investors How was Terry's initial experience working with foreign real estate investors? The role of a real estate broker in a foreign real estate investor's life What investors should know about master lease programs [09:38 - 15:38] Investing With Foreign Investors The challenge you need to overcome if you also plan to bring foreign investors to the US Terry shows a sneak peek of what's happening in the backend of their fund model How Terry and his team send money abroad [15:39 - 18:56] Closing Segment A tool or resource you can't live without Mindomo A real estate mistake you want our listeners to avoid Being afraid to work with real estate companies first Instead, try to learn from them Your way to make the world a better place Being involved politically as a registered libertarian Reach out to Terry See links below Final words Tweetable Quotes “We talked about scaling to that next level to foreigners that really, without a relationship, I don't even know how that's possible.” - Terrence Yonker “Don't be afraid to go with one of the big [real estate companies] where you can learn the ropes and then you put your own spin on it.” - Terrence Yonker “These [foreign investors] were losing a lot. They didn't know about taxes, they didn't know about [homeowner's association], they didn't know about all the things that we take as second nature and they were losing their life to taxes. So what we started doing is assembling them...” - Terrence Yonker ----------------------------------------------------------------------------- Email info@buckeyerealty.com to connect with Terry or follow him on LinkedIn. Visit Buckeye Realty to see how they help clients all over the world in investing in the US real estate market. Connect with me: I love helping others place money outside of traditional investments that both diversify a strategy and provide solid predictable returns. Facebook LinkedIn Like, subscribe, and leave us a review on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in! Email me → sam@brickeninvestmentgroup.com Want to read the full show notes of the episode? Check it out below: Terrence Yonker 00:00 Our biggest thing is just they have the trust in the initial phases. You know, and this is where we are in ours, it's the trust of them to invest in our fund, you know, and I don't know how without working with people for years, you can have that again, maybe that's what you guys do a little better. Maybe we could talk offline to see that part, you know, but these are guys that we've been working with on the broker side for years and years and have relationships and unwinding and going over there. We lived over there for three years, three months in France to where most of our investors were met with all of them. So that was a challenge that we overcame. And so I would be curious how to scale, we talked about scaling, you know, to that next level to foreigners, that really, without a relationship, I don't even know how that's possible because we'd like to have relationships with all of our people. Intro 00:39 Welcome to the How to Scale Commercial Real Estate Show. Whether you are an active or passive investor, we will teach you how to scale your real estate investing business into something big. Sam Wilson 00:51 Terry Yonker brings a wealth of experience and industry-specific knowledge to every new venture, whether he's facilitating deals or bringing innovative programs to the market. He currently serves as the Lead Broker for Buckeye Realty. And even more fun, they are working with foreign investors to bring foreign investors here in the United States real estate market. Terry, welcome to the show. Terrence Yonker 01:11 Thank you. It's glad to be here. Sam Wilson 01:13 Hey, man pleasure's mine. Same three questions I asked every guest who comes on the show. In 90 seconds or less, can you tell me where did you start? Where are you now? And how did you get there? Terrence Yonker 01:20 Where we started, I was in a small town of Punta Gorda, Florida, Southwest Florida, love the lifestyle but couldn't figure out how to make any money. You know, ‘cause it was a small days before remote work, you know, now remote work is like a piece of cake. But back then you couldn't do it. So started getting into residential real estate. That was about 18 years ago. Since then, morphed into commercial, on the commercial side of the business, my wife and daughter, we've since moved to Orlando, we're here in downtown Orlando right now, and just moved into the larger markets, larger products and still have some of that same core from 18 years ago in southwest Florida. So it's been a great ride. Sam Wilson 01:52 That's really, really intriguing. So you guys moved more into the brokerage side of things in the commercial space. Is that, that I follow that correctly? Terrence Yonker 02:00 Yes. In a small town in those small towns, you know, it's like some of your residential people and your Chamber of Commerce people are the same guys that own the commercial buildings. So, you know, as opposed in the big city here in Orlando, a lot of guys are niched out. But what we found in a small-time when you're on the Chamber of Commerce, and these are your guys, these are your guys and whatever they need, or gals, and whatever they need, they need. Sam Wilson 02:19 Right, talk to us about launching a brokerage firm, and then why did you ultimately end up deciding to get into the fund model and bringing foreign investors? What's the story behind even the iterations of that, those ideas? Terrence Yonker 02:33 Oddly enough, it's just when I was being just a regular broker for land, I ran into some French guys in southwest Florida, and they came in, and that's one of my languages is French. And there weren't many in Punta Gorda that spoke French at that time. So they came in thinking that they had a great deal and what I discovered is that there was a French guy in the United States buying lots for like $5,000 selling it to them for about 50 telling them what a great deal it was. So as we dove on, peel that onion, I mean, there are hundreds and hundreds of people that got taken like that. So after I unwound them and a lot of my loss, but we unwound them, and we had to move into a model of how can we have them come in and invest rather than taking it in their names. I mean, these people were losing a lot. They didn't know about taxes, they didn't know about HOA, they didn't know about all the things that we take as second nature and they were losing their life to taxes. So what we started doing is assembling them and saying, Hey, there's got to be a better model. So we first started with their LLC. And basically, I was managing like a whole bunch of LLC for them again, a little bit inefficient, and I was you know, is a lot of how can I say judiciary duty for them? You know, they trusted me like a brother at that point. And then so that's how we started exploring this fun mob and syndication because that's built as like you guys do, it's built for that where they can come in, you know, the limited partner. And so that's how we've evolved just out of necessity to be honest because at one point I could only handle so many you know, Florida LLC is owned by these foreigners and I'm a statement of authority and there's just chaos. So the model now is a lot cleaner and tighter. Sam Wilson 04:02 Yeah, that's intriguing. So you had all these people with all these properties tied up in LLC, they weren't doing the right things with them. You said, hey, look, I can help you straighten all this out. And then eventually said, You know what, Baggett, we're not doing this anymore. Did you guys have them, I don't even know how that would work. How did you end up not managing, you know, continuing that management of all the LLC, or just finally say, Hey, guys, I can't help you anymore. Good luck. Terrence Yonker 04:23 Well, no, that, we did the opposite of that because they had stuff as I discovered in Detroit, Vegas. I mean, it was chaos. So we started just unwinding them from all these pieces, and then maintain their LLC here in Florida, this foreign-owned LLC, which then becomes the investor into the fund or the syndication. And so that's kind of how we kind of, and something you know, some had it in their own name, and they have to pay FIRPTA, which is 50% and do all those things. And they're good, they got burned and they don't come back in, you know, but fair enough, but we have a good pool of the people who still wanted to, especially with what's going on now where you can't get across borders or you have a hard time with the COVID law. and everything. You know, I think they appreciate having an American here that they can trust doing that stuff is more valuable. And I mean, it's always valuable. But I think it's more valuable now than ever. Sam Wilson 05:10 Right. Yeah, absolutely. What is your fund investing in now? Terrence Yonker 05:12 It's a master leases for vacation rentals here in Orlando. So we work primarily with a company called Sonder but there are a handful of other ones will they'll do a master lease for 50, 80 units for five to seven years, we provide the product, they do a master lease, and then they try to make a spread, you know, from the fixed fee that they're paying us to what they can get on the vacation rental market. And it's pretty standard. We're kind of we're copying it, you know, it's not anything necessarily revolutionary, but we're just dabbling into it and putting it together, you know, so we're trying to do a copycat model on what's already working. Sam Wilson 05:43 Let's dig into the master lease. So there's a company, this company, then goes out to property owners and says, “Hey, look, I'll do a lease on your property for five, seven years, this one will pay you,” right? Correct, the property owner of one end, and then they come to you guys for the investment capital, what are they using that capital for? Furnishings? For staffing? for overhead? What are they using it for? Terrence Yonker 06:04 They don't come to us for anything, we buy the units. So they're sitting here saying we need to invest in 30 units in this area. But we don't buy we're ready here for a lease. So we purchased the units and provided it to them, they do all the improvements themselves, almost like a bond. So that's where they're here, right and ready to expand their market. And not just them. There's other companies like that, that will buy bulk. And they say we're just we just need units, can you give us units and then we go out, provide them, have our spread? And then you know, ours is almost like a bond, you know, where we have a fixed amount, and they try to make it on that? Sam Wilson 06:36 Did they come to you with the properties they want to buy? Terrence Yonker 06:40 We've worked with them for years. So yeah, we kind of have an idea, you know, the criteria because we help them source them initially, that's how this whole thing got started. They said, Hey, you can help us we can't, you know, we don't hire you as a broker. But you can help us go. And so we put together a couple of deals, the broker didn't get paid, by the way, but you know, just kind of like googling the long game. And so that's how we found the targets. And then it's kind of open because they're like, hey, we want to expand if you can help great. And again, and then when we call other vacation rental companies as well, you kind of find a hot spot. And they say, Yeah, we're good to go on that as well. So we prefer the master lease for a bunch of units, but we can even do onesies, twosies, with the traditional, you know, vacation rental ones. Sam Wilson 07:18 Right, right. Yeah, that's intriguing. So you guys go, you find the unit, you find a bunch of units. And then you go to this group and just say, “Hey, guys, we want to sign a master lease with you.” What are some of the things you like and don't like about the master lease program? Terrence Yonker 07:32 Well, what we do like about it is that, again, it's fixed, almost like a bond, you know, to where you're you don't have to worry about vacancies, you know, we use a multifamily model. And we're filling out the pro formas. You know, vacancy rate, zero escalations built-in already, long term, you know, management fees, and almost nil because they just take care of it all. So all those variables that come out of our model with the traditional multifamily go in are great. We like that. What we don't like too much is that you know, it adjusts to CTR, but with this guy, Joe in there and the Fed print and I don't know with all you got me, I guess if you have annual leases in the multifamily space, you can raise rents, but boy, inflation just puts a crank in everything longer term, especially with these longer-term leases. So that's the one piece where we have to just make sure we build in big enough inflation escalators and when they can manipulate that with CPI and things like that. It's almost like you know, grasping and ghosts, as you know, and your business as well. Sam Wilson 08:24 Well, for sure. Is there a way moving forward to tie your leases to whatever the CPI number is to where you say, “Hey, look, annual rent escalator isn't 2% It is CPI plus 50 pips,” I mean, what is their way to do that? Terrence Yonker 08:39 Sure, absolutely. They'll agree to not having a cap, right? Because that's the thing, you have a cap because both sides are kind of getting squeezed. So it's like a dance, right? Like, if you can do that without a cap or a limit per year. I mean, that's the ultimate idea. We haven't quite been able to negotiate that strongly yet, perhaps you have, you know, to where, hey, if it goes up to 10% and we're 10% plus, you know, and that's tough, that's what we're all dealing with right now. Sam Wilson 09:03 Yeah, that's a super intriguing point. Because, yeah, there's not a lot to be done with that in the long-term lease space. I mean, you look at this, you know, industrial warehousing, it's a hot topic right now, but you're signing five, you know, you might not renew for five years. And it's like, if we continue, which again, with you know, with the unprecedented printing of money, we continue doing this and every year we're going up potentially seven, I think on the low end 7% I'm getting like even they say 6.7% but on the low end, you're going up 7%. Gosh, I mean, compounded over a five-year period and suddenly that triple net lease is not so attractive anymore. Terrence Yonker 09:38 Right? And it's not unprecedented, you know, I mean, we're a couple of decades away now but you know, got if you got a guy like Paul Volcker back in the day that came in and squash, you know, for maybe our parents or grandparents, it's cost inflation. I mean, they'll tell you stories of 18% and menus being on paper because you had to change it's hard for us to imagine in the world that we've come up in but I guess to the core that's the number one thing that we're looking at, but cuz when I like when I say it's like a bond if we're signing almost like a bond for bonds or but good question inflationary environment, right, you got like bond at 7%. And interest rates are at 12. And you know what? That's the value of the bond or the fact of bonds. Sam Wilson 10:12 Yeah, absolutely. Absolutely. What have been some interesting things you've discovered, in building a fund that brings in foreign investors. I can only imagine that there's quite a bit of paperwork and reporting. Terrence Yonker 10:25 Yeah, well, we're just putting our toes in it right now. So we're, you know, we're not full onboard to where we've filed all the reports and had to do it all. So right now we put together with them. So our biggest thing is just they have the trust in initial phases, you know, and this is where we are in ours, it's the trust of them to invest in our fund, you know, and I don't know how, without working with people for years, you can have that. And again, maybe that's what you guys do a little better. Maybe we could talk offline to see that part, you know, but, you know, these are guys that we've been working with on the broker side for years and years, and have relationships and unwinding and going over there. We lived over there for three years, three months in France to where most of our investors were met with all of them. So that was a challenge that we overcame. And so I would be curious how to scale, we talked about scaling, you know, to that next level to foreigners, that really, without a relationship, I don't even know how that's possible, because we'd like to have a relationship with all of our people. And that's been the biggest thing I think that we've overcome has been the most important to our fun. Sam Wilson 11:18 Right. In talking about that fun, where there's some filing things upfront that you found were different. We said, hey, you know, what, we're taking important investors' money. This is, you know, I mean, even all the way down to exchange rates. So if somebody's sending you euros, right, yeah, how does that process work? Terrence Yonker 11:32 We do it through, Oh, there's a couple of companies on there can do that we use, it's currencylive.com, which is a currency exchange function. So they actually use US Bank coordinates for wiring. So we've done that where they put money in, you can switch it to US dollars, their currency exchange company, or money corp currencies, direct is another one. And that's what they do is they get the best rates that go on the market, and then bring it in to the US. So that's fairly simple. And we like to use it because it documents as well, that I want guys coming over briefcases boy, dad, you know, yeah, you bring it in and do that. And then the structure too like what that US LLC is another one we found when they were investing with those, if you're a foreigner, everything is great, Florida, LLC, but there's an estate tax risk. So the government passed a law that said if you're a foreign owner of the LLC, and you pass away, there's a huge estate tax, and they take almost the whole LLC, which again, doing this as a hack. When I first started, I didn't know. And then we started getting in with the attorneys and said, “Hey, you have to bounce it with a foreign company and then it's all protected.” So those are like the two big items, I think, the oopsies that maybe we made that we corrected and now have some expertise in because like we were just doing it wrong and hustling. And then now you get the attorneys and structure correctly and it's been great Sam Wilson 12:46 What about sending money back when it's time for money to go back to France? I mean, what are the… Terrence Yonker 12:51 Well, the same thing, the same thing applies the wise we and that's where I alluded to earlier like when you can send it to there with US coordinates in New York bank, it's in the wise calm or currency direct so that men have a bank account, and it sits there, they can convert it and bring it back. Now our guys typically don't like to bring stuff back to Europe, again, I mean it with the tax rates and everything. So we have a sitting in there. And when they've come here as well, we've opened a local bank account because they have to be present to sign so for their LLC, they'll come over will go in present themselves in person have a US LLC US bank account, they can just have it here, and it's all legit. And I'm a signer on the account, and we just do it that way as well. So ideally, they come over, if not, we let it season in that you know, currencylive.com account and take a look, you can look it up that way calm when you're offline, see what they're all about. Sam Wilson 13:37 Right. That's tremendous. What are return profiles? When you guys are doing a master lease on 50 or 80 units? You said those units are going to go Airbnb properties or some sort of short-term rental properties. Is that what you guys are working on right now? Yeah. So what's our return profile look like? Terrence Yonker 13:52 Well, you know, we do it right at 8% cap right off the get, you know, so 8% prep, 8% cap rate, like when we come in, or we won't do the deal, you know, we have to come in, and we have to have our basis at that because they're coming in on their side, they're good, they're gonna sign it this amount. So we have to acquire there. So that's what it looks like. I mean, we're, we do 8% prep, we split it 50-50 up to that, and we're looking at about 12 or 13% with appreciation when we exit and but it's pretty straightforward in that regard that that's, you know, and for the foreigners as well, you know, we like to do it at 8% and a lot of multifamily. I think right now it's six, maybe seven. So given the, you know, increased risk with this product that people aren't as familiar with, we like to go with eight and then even if it's not for us with as I mentioned, as we've been, you know, shopping these, and that's another thing with the fund model, you can't just blast it out to be like private as a broker. That's like, you know, nails on the chalkboard for us. We like to scream from the rooftops. So one of the things we can do is when we broker these, its seller, even if say your group or a foreign group says, Hey, I don't want to be in your fund. I just want to buy them ourselves. Well, then we can broker that deal and say, “Hey, because these people will sign with whoever gives them the 20 units.” Right. So that's an that's more my wheelhouse like I can breathe easily without like screaming from the rooftops, I can do all the performers and everything. So that's kind of how it looks either for an individual investor or with our fund. Sam Wilson 15:11 Man, that's absolutely intriguing. I love how your business has grown and changed over the years and moving with your investors. And also just moving where the opportunity is, I think that's really, really intriguing. Thanks for taking the time to break down the master lease on us. And I mean, this is kind of a little bit different spin on the short-term rental game. But you know, you're bringing in foreign investors, you're doing master leases, and it's a different ballgame, really, actually entirely. So that's certainly unique. And I appreciate you taking the time to share with the details on that. Terry, let's jump here into the final four questions. The first one is this what is one tool or resource you find you can't live without, think digital, software, something along those lines. Terrence Yonker 15:48 There's a program called mindomo.com. And it's mind mapping. And so I didn't realize I was a visual person until I got a hold of this, you know, I have lifts and I would strike. This is a mind map where you can make, connect all the dots. And we have since put our whole Procedures Manual into this visual representation of how our deal flow goes how our thought process goes. It's visual. And so yeah, you know, if you're a person like me who's visual and likes conceptualizing it and the list of checklists don't quite do it for you. This has been a game-changer for us in our business as well, because everyone's on the same page. Sam Wilson 16:20 And you said mind, M-I-N-D, domo, D-O-M-O? Terrence Yonker 16:23 Yes. All one word. M-I-N-D-O-M-O dot com. Sam Wilson 16:27 Excellent. I look forward to checking that one out. That's really unique. If you could help the listeners avoid one mistake, what would it be and how would you avoid it? Terrence Yonker 16:34 You know, one mistake going in when I came out of I got my MBA at Ohio State and I came out anti-demand, if you will, right. So all the big companies and this and that I said, “Oh, you're silly to do that. Let's get a, roll up our sleeves and get in the weeds.” I would say especially if you're coming out again, in the business, don't be afraid to go with one of the big, CBREs or some sort of big company like that, where you can learn the ropes and then do you put your own spin on it. So that's, you know, if I could go back and do it again, I'd maybe take some of their tools of the trade because I see what they do. And you know, it's good. But you can put your own twist on it without being a slave to the machine. You know, when you come out. Sam Wilson 17:10 Right. I love that question number three, when it comes to investing in the world, what's one thing you're doing right now to make the world a better place? Terrence Yonker 17:15 You know, right now with what's going on with these COVID lockdowns and our, take on freedom, I have to admit, I'm a registered libertarian. So I just went to Canada training this weekend. And I think now with everything we're doing, the biggest thing you can almost do is push back against these tyrants because having lived in other countries around the world like this is recognizable as tyranny. Right? Fair enough. If you're an American that's had generations of relative peace, it's not recognizable, and you say, Oh, they just want our safety. They're not letting us have meetings because they want to be safe. So I don't necessarily believe that. So it's at that point where I think I almost have to get involved politically on libertarian side to try to push back on this because if you don't push back, it just goes to your China, you know, example, if you want to see the end game, go to China and see their social scores. Sam Wilson 17:58 That is the end game. You're absolutely right. Terry, if our listeners want to get in touch with you, what is the best way to do that? Terrence Yonker 18:06 Buckeyerealty.com. Go there, we got a link to set up a call or talk about some of this stuff. I'll put a link on there, Buckeyerealty.com/bricken. And then we can continue on but this specifically what we're talking about here that's going to have the video here that we're doing a link to this podcast, and then also where we can talk specifically and elaborate a little more on what we covered here today specific Sam Wilson 18:26 Fantastic. Thank you, Terry, for your time today. I do appreciate it. Terrence Yonker 18:30 No problem. Thank you. Great being here. Sam Wilson 18:31 Hey, thanks for listening to the How to Scale Commercial Real Estate Podcast. If you can do me a favor and subscribe and leave us a review on Apple Podcasts, Spotify, Google Podcasts, whatever platform it is you use to listen, if you can do that for us, that would be a fantastic help to the show. It helps us both attract new listeners, as well as rank higher on those directories. So I appreciate you listening. Thanks so much and hope to catch you on the next episode.

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All About FIRPTA: Julie Lepore

The Royal PalmCast

Play Episode Listen Later Jan 26, 2022 34:46

If you're involved in a real estate transaction in the United States, you had better know about FIRPTA — the Foreign Investment in Real Property Tax Act. Today we talk with FIRPTA expert Julie Lepore of FIRPTA Solutions, who wants Realtors, homebuyers and home sellers to be aware of the risk of not considering FIRPTA when property changes hands. FIRPTA is a tax law enacted in 1980 that imposes U.S. income tax on foreign persons selling U.S. real estate. Under FIRPTA, if you buy U.S. real estate from a foreign person, you may be required to withhold 15% of the amount realized from the sale.Standard Florida real estate contracts contain explicit language about FIRPTA, which buyers and sellers ignore at their own risk. Sometimes, buyers fail to check the nationality of the person selling the property, which may result in the buyer holding the bag for estimated tax payments that should have been collected at closing. Closing is not the time to verify nationality, says Julie, who has long evangelized a "FIRPTA-first" approach to real estate deals. She says she's actually heard "grown men sobbing" after finding out they are responsible for the payments after failing to verify a seller's place of birth. And this is one episode you'll want to hear through to the end: During our ever-popular Lightning Round, Julie reveals that she does a killer imitation of a famous singer — and even provides a sample! Host: Jim Sanville. Producer: Jerry Johnson.

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FIRPTA - What is required when dealing with foreign sellers?

Todayâ€˜s Real Talk

Play Episode Listen Later Jan 6, 2022 89:54

The Foreign Investment in Real Property Tax Act of 1980 (FIRPTA) is a congressional act that was passed because foreigners were selling property in the U.S. and not paying taxes or capital gains taxes on the sales. Richard's goal is to simplify the FIRPTA process as much as possible and raise awareness about transactions dealing with foreign nationals.Because foreign nationals are not subject to U.S. tax laws, FIRPTA requires buyers to withhold a percentage of the property sale to pay to the IRS – not taking this withholding following a transaction can result in an IRS penalty of 5% of the transaction's value per month for up to 5 months.Originally, this withholding amount was set at 10%, but during the Obama administration, the rate was changed to 15% under the Debt Reduction Act. The goal of raising this rate was to ensure there were sufficient funds to pay outstanding taxes on any transaction that occurred involving a foreign seller.We go into further detail about what FIRPTA is and how it affects both buyers and sellers involved in the U.S. real estate market in this episode. Make sure you give it a listen, especially if you're involved in real estate, and check back soon to see when our next episode goes live.Richard Kahn of FIRPTA Refunds

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What is HARPTA in Real Estate with Brad Konishi

Real Estate Careers and Training Podcast with the Lally Team

Play Episode Listen Later Dec 21, 2021

This week on the Team Lally Real Estate Radio Show, we interview Brad Konishi, President & CEO of HARPTA. We'll talk about what home sellers need to know about the Hawaii Real Property Tax Act.We also have your favorite experts providing this week's tips on property management, mortgage loans, home inspection and home insurance!Who is Brad Konishi?Brad Konishi is the President and CEO of HARPTA Help LLC. He has been a licensed CPA since 2001, and has operated a tax preparation firm specializing in assisting real estate agents and their clients. He now operates HARPTA Help LLC, a CPA firm started specifically to assist home sellers with all issues related to HARPTA and FIRPTA.To reach Brad you may contact him in the following ways:Phone: (808) 737-4412Email: brad@harpta.comWebsite: https://www.harpta.com/

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What is HARPTA in Real Estate with Brad Konishi

Team Lally Hawaii Real Estate Podcast

Play Episode Listen Later Dec 21, 2021

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➡How do I Fill a FIRPTA

investors fill irs tax real estate investors exempt tax talk talk taxes firpta

Play Episode Listen Later Dec 13, 2021 12:11

Tax filing requirements for US Real estate Investors.. In this video we will answer the questions our clients ask us about Firpta for US Real estate Investors. You will find the answers to the following questions: ➡ Who ultimately is required by the IRS to collect and pay the foreign seller tax? ➡ Who is considered a foreign person under Firpta? ➡ Who signs Firpta certificate? ➡ What is the purpose of Firpta? ➡ How do I fill out a Firpta? ➡ Who is exempt from Firpta? Check the video version Click for more Info

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Play Episode Listen Later Dec 6, 2021 15:28

Tax filing requirements for US Real estate Investors.. In this video we will answer the questions our clients ask us about Firpta for US Real estate Investors. You will find the answers to the following questions: ➡ What is the Firpta withholding tax? ➡ How do you avoid Firpta? ➡ Who is subject to Firpta withholding? ➡ Who determines if the seller has a tax obligation under Firpta? ➡ Is Firpta withholding refundable? ➡ Who is exempt from Firpta withholding? Check the video version Click for more Info

What Is FIRPTA?

Leader Associates

Play Episode Listen Later Sep 2, 2021 3:27

What is FIRPTA? Real estate transactions involving a foreign seller may be subject to a withholding tax, known as the FIRPTA Tax. Watch our video to find out more about this and how it can affect you or your friends and clients. We are specialized in the FIRPTA tax filings, contact us for a consultation and to take care of all things FIRPTA! #CPA #FIRPTA #Tax #RealEstate #InternationalTax

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O Que É FIRPTA

Leader Associates

Play Episode Listen Later Sep 2, 2021 4:09

O que é FIRPTA? Transações imobiliárias envolvendo vendedores estrangeiros nos EUA podem estar sujeitas à retenção de 15% do preço de venda do imóvel e seja enviado para o IRS (a receita federal americana). Confira o vídeo para saber mais e como isso afeta os seus investimentos imobiliários nos EUA e o que pode ser feito para reduzir ou evitar esses impostos. Nós somos da Leader Associates! Empresa especializada em tributação, contabilidade e assessoria empresarial. www.leader.associates #cpafirm #tax #accounting #advisory #firpta

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➡How do I Fill a FIRPTA

Freshstart Podcast with Author D.L. Henning

Play Episode Listen Later Jul 5, 2021 12:11

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Dave Foster The 1031 Investor Expert

Play Episode Listen Later Jul 3, 2021 29:49

Meet Dave Foster from Tampa, the nationwide qualified intermediator for 1031 Exchanges. In other words, an expert. “Compound interest is the eighth wonder of the world. He who understands it, earns it ... he who doesn't ... pays it.” ― Albert Einstein WATCH ON YOUTUBE Dave can help my listeners understand the opportunities within a 1031 exchange and maximize REI returns with wealth building tax strategies. Dave Foster, is Founder and CEO of The 1031 Investor.com where he offers a series of free video trainings on this government approved legal program to create wealth with real estate, and where you can request your free planning session. He moved his way from Denver, CO to Tampa, FL over 10 years using the section 121 homestead exemption, so that he and his family could move onto a boat (which was a huge dream of his sailing around the Bahamas and Florida Keys. Tune in to listen to how Dave raised his four boys on his boat while investing inproperties with the 1031 exchange. Dave is a degreed accountant and serial real estate investor who is a qualified intermediary and consultant for tax saving strategies such as the 1031 exchange and the section 121 homestead exemption. Dave started fix and flipping in the 90s and realized that about 40% of his profits were going directly to the IRS. Dave tells us about the updated rules and regulations around using the 1031 exchange to legally compound your tax interest that will stay with you instead of going straight to the government. Dave breaks down exactly how to use the 1031 exchange in layman's terms. - 1031 Exchange Basics, - How to keep your taxes working for you with a 1031 Exchange, - When and why to use a 1031 Exchange, - The portfolio impact of investing with or without a 1031 Exchange, - The Six Requirements of any Exchange, - Advanced 1031 Exchange Options – Reverse, FIRPTA, Construction, - How to recognize and avoid common 1031 Issues, - How to transition from active to passive using 1031 Exchanges.

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Play Episode Listen Later Jun 28, 2021 15:28

Tax filing requirements for US Real estate Investors.. In this video we will answer the questions our clients ask us about Firpta for US Real estate Investors. You will find the answers to the following questions: ➡ What is the Firpta withholding tax? ➡ How do you avoid Firpta? ➡ Who is subject to Firpta withholding? ➡ Who determines if the seller has a tax obligation under Firpta? ➡ Is Firpta withholding refundable? ➡ Who is exempt from Firpta withholding? Check the video version Click for more Info

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EP 15 - FIRPTA: Todo lo que debes saber sobre esta Ley que impacta en la compra venta de tu inmueble si eres extrajero

Camino a tu casa

Play Episode Listen Later Jun 10, 2021 9:39

Vender tu propiedad en Miami, puede implicar regulaciones de ley y costos asociados, en especial si eres extranjero. ¿Lo sabías? En EEUU existe la Ley de Impuestos sobre la Inversión Extranjera de Bienes Raíces FIRPTA, ésta permite gravar las ganancias de los extranjeros sobre la venta de bienes raíces u otros bienes inmuebles. ¿Qué quiere decir? Que el día de la venta de la propiedad, se puede retener entre el 10 y el 15% del valor de la transacción que debe ser entregado a una cuenta especial como “depósito en custodia” y 20 días después ser emitido al Servicio Interno de Impuestos. Puedes creer que he conocido inversionistas que tiene hasta 5 propiedades en Miami que no sabían que esta regulación existía y se enteraron solo cuando decidieron realizar la venta de estos inmuebles. Cuando me topé con esto, me sentí apasionada por dar más como Realtor y fue así como decidí escribir mi libro “EL CAMINO EXITOSO HACIA SU PROPIEDAD EN MIAMI” El objetivo de FIRPTA es evitar que los propietarios extranjeros vendan sus propiedades en Estados Unidos y se lleven sus ganancias a otros países, hacer que las transacciones de bienes raíces fueran igualmente justas para extranjeros y nacionales. Te cuento más sobre esta ley que definitivamente debes conocer si eres extranjero y estás pensando comprar tu propiedad en Miami, o sí ya la tienes y como muchos, no sabías que existía. Si quieres más información solo debes escribirnos a través de santanasalesgroup@gmail.com / Instagram: @santanalsalesgroup

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Maximizing US Real Estate Returns via 1031 Exchange with Dave Foster

I Love Kelowna

Play Episode Listen Later May 16, 2021 49:02

Dave Foster is the Founder and CEO of The 1031 Investor. Dave is a degreed accountant and serial real estate investor who is a qualified intermediary and consultant for tax saving strategies such as the 1031 exchange and the section 121 homestead exemption. Dave started fix and flipping in the 90s and realized that about 40% of his profits were going directly to the IRS. Dave tells us about the updated rules and regulations around using the1031 exchange to legally compound your tax interest that will stay with you instead of going straight to the government. This information is very valuable to Canadians who own or are thinking of buying US real estate!Dave breaks down exactly how to use the 1031 exchange in layman’s terms. He explains to us how he moved his way from Denver, CO to Tampa, FL over 10 years using the section 121 homestead exemption, so that he and his family could move onto a boat (which was a huge dream of his). Tune in to listen to how Dave raised 4 boys on his boat while investing in properties with the 1031 exchange.https://www.the1031investor.com/podcast/DAVE AND I DISCUSSWhat is a 1031 Exchange?How do you keep your taxes working for you with a 1031 Exchange?When and why to use a 1031 Exchange?What is the portfolio impact of investing with or without a 1031 Exchange?What are the Six Requirements of any Exchange?What are Advanced 1031 Exchange Options? - Reverse, FIRPTA, ConstructionHow to recognize and avoid common 1031 IssuesHow to transition from active to passive using 1031 Exchanges----------------------------------------POST A REVIEWGUEST BOOKINGS CLICK HEREFollow me on Social MediaNew Town Big Dreams podcast on FacebookInstagramLinkedinLuke Menkes Kelowna RealtorMy Personal Facebook PageSupport the show (https://paypal.me/lukemenkes)

EP 18 - Unraveling the Mystery of FIRPTA Withholding and 1031 Exchanges

Go Ahead, Ask

Play Episode Listen Later May 11, 2021 49:38

1031 Exchange transactions are complex and confusing, especially when adding a foreign seller to the equation that falls under the mandatory Federal FIRPTA withholding requirements. Our guest expert Michael W. Brooks, Esq., helps us demystify the mandatory Federal FIRPTA withholding requirements when a 1031 Exchange is involved. Discussion includes a breakdown of who falls under the mandatory Federal FIRPTA withholding requirements, how much FIRPTA withholding is required, how to obtain a Certificate of Exemption to the FIRPTA withholding requirements, and how FIRPTA withholding can complicate a 1031 Exchange transaction.Email your 1031 Exchange questions to ASK@exeterco.com and we’ll address them in our next episode. Subscribe to our YouTube channel here: https://www.youtube.com/TheExeterGroupofCompanies/

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5 Talents Podcast - Commercial Real Estate, REI, Financial Freedom

Play Episode Listen Later Apr 20, 2021 5:39

Real estate investment has been a flourishing business in the U.S. for the past few years. While there are many exemptions and deductions to take advantage of when selling a real estate property, if you are a foreign seller, you have to bear in mind one more thing. The FIRPTA. This is a dreaded tax by many and one of the most common questions we get asked by clients is “Can I avoid FIRPTA if have a Green Card?”. So let's look at that. What is a FIRPTA? We have given a detailed explanation of what FIRPTA is in one of our older blog posts, but just to quickly recap - this is a 15% tax on the gain of the real estate property sale that the foreign seller owes to the IRS. Buyers are often required to withhold that amount and it can be a tedious experience. How Can You Avoid FIRPTA withholding? Good news! Even if you are not living in the U.S., you can still avoid FIRPTA if: 1. You as a foreign seller have a Green Card AND Social Security Number. It is very important that the two are present. 2. You don't have a Green Card or SSN, but the property is priced up to $300,000. 3. The real estate property is a foreign corporation. 4. You can provide a legal notice from the IRS. 5. The buyer signs an affidavit where he or she confirms that they will be using the real estate property as their main residence for at least 2 years after the purchase. To avoid FIRPTA withholding, you will have to fill in and submit Form 8288 as well as apply for a ITIN or tax ID. Upon the approval of your application, you will receive a certificate, which you can then present to the buyer and be free of the withholding. The most reliable way to deal with FIRPTA is through a consultation with a tax accountant. These professionals are well familiar with the tax laws, all of their updates and the legal loopholes you can use to minimize the amount of taxes you owe. Check the video version Click for more Info

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Kenneth Kastner - Numbers; US Tax for Foreign Investors - Explained!

Play Episode Listen Later Mar 5, 2021 39:17

I’m sure we have non-US citizens who are planning to invest in real estate in the country either as an individual or as a corporation. If you are one, this episode is for you. Kenneth Kastner, a tax accountant currently based in Israel, joins us today to talk about how he helps foreign investors with their real estate investments in the US. While US real estate can be a lucrative investment for foreign investors, it can also be a huge headache. Avoid such headaches by learning the different tax strategies you can leverage and the things you should know to avoid double taxation. Let’s listen to Kenneth and start investing in real estate from overseas! [00:01 - 05:03] Opening SegmentLet’s get to know Kenneth Kastner Tax accountant His market is foreign investors [05:04 - 15:24] Real Estate Investing for Foreign Investors Are you a foreigner planning to invest in the US?Listen to KennethEven foreign investors can benefit from this tax strategyAvoid double taxation with these tips from Kenneth[15:25 - 27:40] US Tax For Foreign InvestorsHow foreign investors can leverage 1031 exchanges’Corporate tax vs. Individual taxKenneth breaks it downHow to start investing in the US real estate market? [27:41 - 35:56] FIRPTA and ITIN Kenneth breaks down FIRPTA for foreign investors Things foreign investors should know about ITIN Connect with KennethLinks below[35:57 - 39:17] Closing SegmentFinal words from Kenneth and meTweetable Quotes: “Go in with your eyes open, not with your eyes closed.“ - Kenneth Kastner“It’s really crucial to do the planning...also understand basic concepts of US tax.“ - Kenneth KastnerResources mentioned:Internal Revenue Service------------------------------------------------------------------------------------------Connect with Kenneth on LinkedIn and Facebook and check out his website to learn more about his services.Guest email: kennethdkastner@gmail.com Connect with me:https://www.5tcre.com/FacebookLinkedInInstagramWatch 5T CRE on YouTubeLeave us a review and receive your free ebookEmail us --> abel@5tcre.comSupport the show (https://www.buymeacoffee.com/5Talents)

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SV28: FIRPTA, 1031 Exchanges, and Foreign Investors w/ Dave Foster

Skyline Views

Play Episode Listen Later Dec 14, 2020 22:36

There are a lot of benefits available to real estate investors, both foreign and domestic, through the 1031 Exchange. The ability to defer all taxes in real estate transactions is a gift from the IRS. What happens when one party in the transaction is a not a US Citizen? How does that affect the transaction? How does that affect the 1031 Exchange? The Foreign Investment in Real Property Tax Act of 1980 (FIRPTA) states that if you purchase real estate from a non-US Citizen, or “foreign person”, you as the buyer are required to withhold 10% of the amount realized from the sale. In this episode of Skyline Views, I sit down with a seasoned and highly educated Qualified Intermediary to discuss FIRPTA and its relationship with 1031 Exchanges. What should you be aware of as a US Citizen buying from a foreign investor? What should you as a foreign investor be aware of planning out your investment strategy in the US? My guest Dave Foster is a degreed accountant, QI, and serial real estate investor. He has decades of experience helping investors like you maximize their returns through tax saving strategies. Key Points: Dave recounts how he got his start (0:43) What is FIRPTA? How does it affect foreign investors? (4:30) Buyer’s liability in buying from non-US Citizens (7:16) 1031 Exchange statute that affects FIRPTA (9:31) How the simultaneous 1031 Exchange benefits foreign investors (11:36) Market that FIRPTA and foreign investment has created in the United States (13:15) Calculations foreign investors need to do ahead of time (15:24) Calculating benefits and fees between principal, profits, and returns (18:24) Resources: Dave’s Site - https://www.the1031investor.com/ IRS Video on FIRPTA - https://www.irsvideos.gov/Individual/education/FIRPTA Is your real estate portfolio running like a well-oiled machine? Do you know how you stack up? Find helpful resources here – http://mrcdmills.com/resources/ Learn more about The Haney Company here – https://www.thehaneycompany.com/ Know any new parents? Order them a copy of Legacy 101 here – https://www.amazon.com/Legacy-101-Practical-Christopher-Mills/dp/0692684050 Subscribe on Spotify, Apple, Google, Stitcher, iHeart.

FIRPTA: Impuesto sobre Inversión Extranjera en Bienes Raices.

Circulo Inmobiliario

Play Episode Listen Later Oct 23, 2020 7:57

En este episodio te comento un poco sobre lo que es el FIRPTA y cómo puede afectar tu inversión inmobiliaria. Escúchalo !!

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EP #235: FIRPTA Solutions with Julie Lepore

Good Neighbor Podcast

Play Episode Listen Later Sep 20, 2020 22:48

What Makes FIRPTA Solutions a Good Neighbor...FIRPTA is an acronym that stands for the Foreign Investment in Real Property Tax Act of 1980. This piece of the tax code requires the buyer to collect and remit a withholding tax to the IRS when the seller of the property is foreign. The process can be daunting and overwhelming at time but we like to think we make it easy!FIRPTA Solutions Inc. is an accounting firm located in Cape Coral, Florida that focuses solely on FIRPTA related tax matters. Unlike other firms that offer multiple accounting products, FIRPTA Solutions’ narrow focus means that we don’t get bogged down during high-peak tax times. We help foreigners year-round to apply for US tax identification numbers, prepare applications for reduced withholding amounts, and file income tax returns to properly report the sale of the property and claim a refund if one is due. We also help buyer’s to understand their vital role in the FIRPTA withholding process and assist closing agents with the logistics of disbursing funds to the IRS.To learn more about FIRPTA Solutions, go to: https://www.firptasolutions.com/FIRPTA Solutions, Inc.615 Cape Coral Pkwy W. #202Cape Coral, FL 33914239-540-1022Support the show (https://goodneighborpodcast.com)

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Midland Pulse Theresa Knower And Julie Lepore Discuss FIRPTA

Midland Media: Podcast

Play Episode Listen Later Aug 31, 2020 55:20

Learn about 1031 exchanges and FIRPTA

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Impacto de Impuestos e Inversión inmobiliaria

Inteligencia Inmobiliaria

Play Episode Listen Later May 20, 2020 9:27

En este episodio, conoce la variedad de Impuestos para invertir en una propiedad: Impuestos de herencia, Impuestos de la renta, Impuesto de ganancia de capitales (Capital gains tax), FIRPTA y más.Anfitrión: Ricardo Terán, Asesor de Inversión Inmobiliaria Invitado especial: Nelson Taracido, Abogado de Bienes Raíces

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EY ITS Washington Dispatch, March 2020

Play Episode Listen Later Apr 9, 2020 13:48

The Ernst & Young ITS Washington Dispatch brings you a monthly review of US international tax-related developments. In this edition: US CARES Act stimulus package to address COVID-19 has international tax implications – IRS expands 15 April tax relief and issues FAQs on extension of filing and payment deadlines, FATCA reporting – IRS issues final Section 901(m) regulations – TIGTA finds major FIRPTA withholding discrepancies – Alignment of transfer pricing regulations to TCJA provisions in relation to IP definition not expected before 2021 – OECD plans to continue BEPS 2.0 project virtually – OECD releases second annual peer review report on BEPS Action 6, prevention of treaty abuse – OECD releases CbCR comments.

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EY Cross-Border Taxation Spotlight for Week ending 13 March 2020

WOW - Words of Wealth by CPAs of Florida - Noack & Company

Play Episode Listen Later Mar 13, 2020 4:49

A review of the week's major US international tax-related news. In this edition: IRS expects fewer corporate taxpayer participants in compliance assurance program due to strict eligibility requirements – TIGTA releases report on discrepancy findings that tax withholding required by FIRPTA is not being identified or addressed – Number of TCJA tax regulations at the OMB's OIRA continues to grow – UK issues 2020 Budget confirming implementation of a 2% DST on revenues earned from 1 April 2020.

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CPAofflorida WOW - Tax Gotchas Of Non US Persons Selling US Real Estate

Play Episode Listen Later Jan 29, 2020 4:42

This podcast will address whether a non-US person has a US tax return filing requirement. It will also cover the specific examples of whether a rental property has an annual filing requirement or not vs. a personal use property. FIRPTA withholding requirements will be discussed and an example of how to eliminate the FIRPTA withholding based on an allowable exception to the legislation.

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Keepin' it Real Estate - Steve Bell

Keepin' it Real Estate

Play Episode Listen Later Jan 17, 2020 46:35

Steve Bell, accountant with Harding Bell international came in to chat about all things taxes, from FIRPTA laws to how Real Estate professionals should be handling their taxes. #realestateinvesting #realestate #podcast #business #businessideas #entrepreneur #entrepreneurshipThanks for watching Keepin' it Real Estate W/ Steve Bell // Mario Deniz

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Rewilding Architecture

Eyes on O'ahu

Play Episode Listen Later Dec 23, 2019 66:51

Architect, University of Hawai'i lecturer and TV host for Human(e) Architecture Martin Despang muses over sustainability and unconventionality in O'ahu's approach to architectural design.

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Foreign Investment in Hawaii

Eyes on O'ahu

Play Episode Listen Later Nov 20, 2019 48:25

Who knew tax could be so interesting?! CPA and FIRPTA/HARPTA specialist Brad Konishi talks me through the process of buying property in Hawaii as a foreigner. We also take a stroll into some tangential cultural grounds regards to the effects of foreign investment on Hawaiians and the questionable stance of Hawaii's self-sustainability in the days following 911.

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FIRPTA 15% Tax and the New WI WB-11 Offer to Purchase

That's REal Estate

Play Episode Listen Later Oct 31, 2019 19:08

A 15% tax on the purchase of your next home may be owed if the seller is not exempt from the Foreign Investment in Real Property Tax Act. And even if not subject to the tax, the new Wisconsin WB-11 Residential Purchase Agreement includes a provision to allow all buyers to withhold the tax or terminate the Offer if the non-foreign person certification is not received at least 15 days prior to closing. The new Offer has an optional use date of Nov. 1, 2019. Older versions of this form do not include the terminate provision. Listen in, and then check with your lawyer.

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GI6: U.S. Tax Planning for Foreign Investors with Lance Lvovsky

Global Investors: Foreign Investing In US Real Estate with Charles Carillo

Play Episode Listen Later Sep 9, 2019 28:45

Lance Lvovsky is a certified public accountant and cross-border tax specialist, based in Florida. Lance works with international clients advising them on real estate transactions, entity formation, income, and estate tax planning for foreign investors. Lance will walk you through the process of obtaining an Individual Taxpayer Identification (ITIN) and Employer Identification Number (EIN) for your US investment entity. His firm handles all aspects of tax-related matters for foreign investors from FIRPTA withholding to estate and gift taxes. Learn More About Lance Lvovsky Here: www.marcumllp.com, lance.lvovsky@marcumllp.com and 954.320.8077 Connect with the Global Investors Show, Charles Carillo, and Harborside Partners: ◾ Setup a FREE 30 Minute Strategy Call with Charles: http://bit.ly/34FF2vY ◾ Global Investors Web Page: http://bit.ly/2Np1Me4 ◾ Join Our Email Newsletter: http://bit.ly/32pehL0 ◾ Foreign Investing in US Real Estate Facebook Group: http://bit.ly/2WQWFpW

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Episode 243 - Let's Talk FIRPTA!

The Distinctive Agent Show

Play Episode Listen Later Sep 4, 2019 5:53

firpta

Eric Kodesch - The Go-To Voice for FIRPTA-to-OZ Expertise

The Opportunity Zone Expo Podcast

Play Episode Listen Later Jul 11, 2019 36:36

The disposition of a U.S. real property interest by a foreign person is subject to the Foreign Investment in Real Property Tax Act - known as FIRPTA. It's not something we've discussed before on the podcast. Yet there's no reason why foreign persons cannot or should not benefit from investment in opportunity zones. Tax attorney Eric Kodesch is an expert in FIRPTA. He explains how FIRPTA and OZ regulations interact on this episode of The OZExpo Podcast.Host: Jack HealdGuest: Eric Kodesch

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EY ITS Washington Dispatch, June 2019

Play Episode Listen Later Jul 1, 2019 17:23

Temporary and proposed DRD regulations reflect GILTI-centric view of TCJA’s international tax rules – US government issues final and proposed GILTI and subpart F regulations – IRS issues proposed regulations under Sections 954 and 958; consequences for subpart F and GILTI regimes – IRS issues proposed regulations on FIRPTA tax exception for foreign pension funds’ interests in US real property – DC Circuit affirms Grecian Magnesite Mining – Ninth Circuit again reverses Tax Court in Altera cost sharing case – US Senate Foreign Relations Committee reports out tax protocols to treaties with Japan, Luxembourg, Spain and Switzerland – OECD digital workplan envisions global agreement on new rules for multinational taxation – G20 Finance Ministers and Central Bank Governors welcome progress on addressing tax challenges from digitalization

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EY Cross-Border Taxation Spotlight for Week ending 10 May 2019

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Play Episode Listen Later May 10, 2019 4:59

A review of the week's major US international tax-related news. In this edition: IRS releases proposed Section 1446(f) regulations on W/H for non-publicly traded partnerships – Proposed rules on FIRPTA exception for foreign pension funds expected soon – EU comments on IRC Section 250 proposed regulations, criticizes FDII

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What is a FIRPTA?

Water Cooler Real Estate

Play Episode Listen Later Apr 3, 2019 19:44

FIRPTA - The Foreign Investment Real Property Tax Act The disposition of a U.S. real property interest by a foreign person (the transferor) is subject to the Foreign Investment in Real Property Tax Act of 1980 (FIRPTA) income tax withholding. FIRPTA authorized the United States to tax foreign persons on dispositions of U.S. real property interests. In this episode, The Insiders discuss the FIRPTA process, and how it will now affect Buyers and Sellers in a real estate transaction.

EP 98 - FIRPTA

The Distinctive Agent Show

Play Episode Listen Later Feb 13, 2019 5:55

FIRPTA

firpta

Ep. 7: Lisa Nguyen on Feng Shui real estate & the Asian community in Denver

Real Estate Talk Denver

Play Episode Listen Later Oct 25, 2018 21:29

In this episode, Lisa Nguyen and RJ Baxter discuss Feng Shui house hunting, FIRPTA, growing her international team, and the growing Asian community in Denver. Lisa has been a realtor for 9 years in Denver and is currently with RE/MAX Professionals. She is Colorado born and raised native, treasurer of the Greater Denver Chapter AREAA (Asian Real Estate Association of America), Member Asian Chamber of Commerce, and she is bi lingual in Vietnamese! To contact Lisa: lisa.la@remax.net 303-669-5255

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Real Estate: Know these 4 things to save you money and avoid closing delays.

Really Mary?!

Play Episode Listen Later Oct 16, 2018 32:37

Today we discuss four important components when dealing with real estate. My guest, Fred Kramer from the law office of Kramer & Huy, and I will be discussing FIRPTA, closing hick ups, 1031 exchange and ways to take title! As always, be sure to consult with a professional when buying or selling real estate. If you prefer video be sure to head over to Youtube and check out our full library. https://www.youtube.com/user/BartosGroup/featured Looking to Buy in SW Florida? https://www.searchswflhomesandcondos.com/ Looking to Sell your home? http://yourswflhomevalue.com/

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015 Golf and Taxes in Florida

Selling Sarasota

Play Episode Listen Later Apr 24, 2018 42:38

Highlights from this episode How golf and taxes are alike. -(0:01) Sarasota is the BEST place to retire! - (2:59) How to not treat Ed like a savage. - (4:44) What the heck is FIRPTA? - (9:10) Why interviewing Jo Ann Koontz is GOLD baby! Just GOLD! - (15:48) How you can let Koontz & Associates be your shock absorber. - (31:00) Ed returns to the golf course for the first time in 3 years! - (34:00) Interview with Jo Ann Koontz of Koontz and Associates - (4:30) Today attorney Jo Ann Koontz shares her extensive knowledge regarding FIRPTA (Foreign Investment in Real Property Tax Act of 1980). About our guest Jo Ann Koontz (from Koontz & Associates website) Jo Ann M. Koontz is an attorney and CPA practicing in the areas of real estate, business organizations, and taxation. She earned her Bachelor of Science in Business Administration from Ohio Northern University in 2001, where she specialized in accounting. Jo Ann obtained her Certified Public Accountant license in 2003, and earned her Juris Doctor from Ohio Northern University in 2006. She represents clients in a wide variety of business and real estate matters, including commercial and residential real estate transactions, short sales, S corporation, partnership and LLC formation and reorganizations and the tax implications of business and real estate transactions, including purchases and sales of assets and equity interests. Jo Ann has been representing clients before the IRS for over 15 years in all tax controversies, including audits, appeals and collection matters and provides tax planning services to clients in connection with real estate and business transactions. She began working in public accounting in 1998 and has been handling these types of IRS issues since that time. She advises clients of potential tax consequences of contemplated transactions prior to entering into agreements for the transaction, so that together, working with the client, exposure to tax liabilities can be minimized. In order to maximize the effectiveness of tax planning strategies, Jo Ann encourages holding an initial consultation as early as possible, even before the transaction begins to take shape. Sarasota Office 1613 Fruitville Road ( map (https://goo.gl/maps/CxQzZ67kqtp) ) Sarasota, FL 34236 Phone: 941-225-2615 Orlando Office 121 E. Morse Blvd Winter Park, Florida 32789 ( map (https://www.google.com/maps/dir//121+E+Morse+Blvd,+Winter+Park,+FL+32789/@28.5979263,-81.3528095,17z/data=!4m13!1m4!3m3!1s0x88e7701a80b1fc05:0x95bfa6d30f837b02!2s121+E+Morse+Blvd,+Winter+Park,+FL+32789!3b1!4m7!1m0!1m5!1m1!1s0x88e7701a80b1fc05:0x95bfa6d30f837b02!2m2!1d-81.3506208!2d28.5979263) ) Phone: 407-704-6974 The Local Flavor at Bobby Jones Golf Course - (33:00) Bobby Jones Golf Course A Florida Golf Destination Since 1927 Club History (from their website) Bobby Jones Golf Club is a 45 hole municipal facility named for the legendary Robert Tyre Jones, Jr., who personally dedicated the facility on Sunday, February 13, 1927. The original 18 holes were designed in 1925 by the famed course architect Donald Ross. Nine additional holes were constructed in 1952 and another nine were added in 1967. The John H. Gillespie Executive Course was completed in 1977. During its 80+ years, Bobby Jones courses have challenged such immortals as Walter Hagen, Tommy Armour, Gene Sarazen and even the "Babe", George Herman Ruth. In 1940 the longest playoff for a PGA event was held at both the Bobby Jones Course and nearby Sarabay C.C. when the PGA Seniors Championship tournament needed 36 playoff holes before Otto Hackbarth bested Jack Hutchinson 294 to 295. Past LPGA greats including Patty Berg, Babe Didrikson Zaharias and Louise Suggs made Bobby Jones a regular tour stop in the mid-1950's. Visitors from around the globe have come to tee it up and walk these fairways steeped in golfing history. The current British Course record is 62,...

Taxes on Foreigners & The Buyer who Showed up by Helicopter

Luxury Real Estate Talk

Play Episode Listen Later Apr 16, 2018 45:02

Steve Epstein—a top producer in the greater Santa Barbara area—and I share stories, both good and bad, about our experiences in real estate. First, Steve tells me about his last deal on the brink of falling apart. What is FIRPTA and will it affect your taxes and withholdings when buying a home? Steve and I discuss his “no stone unturned” approach to marketing, what’s working for him, and how targeted ads led a man to land his helicopter on a log cabin property…and then buy it. Trying to find the perfect home, buyers often set up parameters for what they want, only to change their minds later. With this in mind, Steve and I talk about the importance of getting out to look at homes, even if they’re not ideal. In the end, we discuss seller excuses and the true reason why your homes isn’t selling. ***ABOUT THIS WEEK'S GUEST*** Steve Epstein is a certified luxury and architectural specialist who has consistently been listed as one of the top 10 agents in the greater Santa Barbara area since 1988. Supported by Keller Williams, the #1 real estate company in the U.S., Steve Epstein & the Epstein Partners bring their own unique, results-oriented approach to the practice of real estate. Luxury Homes by Keller Williams is an exclusive, elite and sophisticated group of real estate consultants raising the bar for service in the upper-tier home market. Steve has closed over 1 Billion in sales and has a great support team to make certain all of his clients are getting the service and attention they deserve. ***GET IN TOUCH WITH STEVE*** Email: steve@theepsteinpartners.com | Phone: 805-689-9339 ***ABOUT THE SHOW*** Welcome to Luxury Real Estate Talk, where you get expert advice on buying and selling Luxury Real Estate. Learn from the best and brightest real estate agents, brokers, and other professionals, as they share real-life stories about the art and business of listing, marketing, selling, and buying high-end homes. Through casual but insightful conversations, the Talk’s host Rob Jensen will help you master your understanding of the luxury real estate market. Rob is the President and Owner/Broker of the Rob Jensen Company, which specializes in working with buyers and sellers in guard gated communities in Summerlin, Las Vegas, and Henderson, Nevada. Rob's 15+ years of local industry expertise have made him a sought after real estate expert source with the media. He’s served as a guest commentator for numerous national broadcast television networks including MSNBC and BRAVO. He has also provided content and commentary to The Wall Street Journal, Forbes.com, BusinessWeek.com, the Las Vegas Review-Journal, Real Estate Executive magazine, Growing Wealth magazine, and the Los Angeles Times, among others. Additionally, Rob has penned a recurring monthly real estate column for the Las Vegas Business Press.

013 Tacos, Pirates, and Marshmallow Steaks

Selling Sarasota

Play Episode Listen Later Apr 10, 2018 45:40

Highlights from this episodeShelley has jokes. - (0:00) What's the name of our show? - (1:09) Thanks sis! - (2:14) We bribe Gunner for baseball tickets. - (3:40) Gunner rhymes about the Gasparilla Pirates. - (4:08) Sandcastles and chalk festival. - (6:00) Gunner makes Shelley blush. - (24:50) Foodie weirdos and marshmallow steaks? - (27:20) Black pepper & bacon popcorn is amazing! - (28:39) Let 'er rip tater chip! - (32:00) How Bill Gates will pay your mortgage with Facebook gnomes. - (34:30) Is it Run DMC tricky to be a first time home buyer? - (36:29) FIRPTA? - (44:30) Interview with Gunner Davis - (2:49)In our second interview with Gunner Davis (Managing Partner of Century 21 Beggins in Sarasota, Lakewood Ranch, and Longboat Key) we discuss the best practices for selling your home in Sarasota. With over 13 years experience and over 500 homes sold he offers several great tips for home sellers. The Local Flavor - Surf Shack - (26:44)One of our favorite local spots for a late lunch or early dinner after relaxing at Lido Beach. They have amazing gourmet tacos including Tuna Poke, Bangin' Shrimp, Filet Mignon, and Surf & Turf. Stop by for they Daily Happy Hour from 2pm to 6pm for half price drink specials! Surf Shack surfshackkitchen.com (http://surfshackkitchen.com/) SARASOTA 326 John Ringling Blvd Sarasota, FL 34236 (941) 960-1122 BRADENTON BEACH 111 Gulf Drive S. Bradenton, Beach, FL 34217 (941) 782-1122 TAMPA 12217 West Linebaugh Ave Tampa, FL 33626 (813) 475-5916 Shell & Tell - (34:14)This week we have two questions from friends on Facebook regarding how to buy a home if you have challenges with income or saving up a down payement. Rhett Hall asks: "What ways are there for young people with low income to get into a home. Are credits or benefits they can tap into?" Merle Bellot asks: "Are there any creative ways to purchase a home even if you don't have a big down payment saved up?" There are few options that Shelley explains including lease to purchase, negotiating closing costs into the price of the home, and a few home ownership programs from various government offices. For more information on buying a home you can contact Shelley directly. Email: shelleypanas@c21be.com (mailto:shelleypanas@c21be.com) Call or text: (941) 960-5115 (http://tel/) Shell & Tell InformationIf you would like to have your questions answered on an upcoming Shell & Tell please contact us! Our website http://sellingsarasotapodcast.com/contact (http://sellingsarasotapodcast.com/contact) Email shelleypanas@c21be.com (mailto:shelleypanas@c21be.com) Facebook https://www.facebook.com/sellingsarasotapodcast/ (https://www.facebook.com/sellingsarasotapodcast/) Twitter https://twitter.com/SellingSarasota (https://twitter.com/SellingSarasota) Call us at (941) 960-5115 (http://tel/) Links in this episode Surf Shack (http://www.surfshackkitchen.com/) Century 21 Beggins Enterprises - Lakewood Ranch (http://www.c21beggins.com/Office/Detail/Lakewood-Ranch/281526859) Mermaid Vodka (https://mermaidvodkausa.com/) Sean on Fiverr (our amazing voice over artist) (https://www.fiverr.com/yourhighness/record-up-to-60-second-radio-commercial-within-24-hours?context=recommendation&context_type=natural&context_alg=gig_views_graph&context_referrer=homepage&source=views_related&pos=6) Audio Jungle (music for sale) (https://audiojungle.net/) The information contained in this episode has been obtained through sources deemed reliable by Shelley Panas and / or any guest on Selling Sarasota Podcast, however, we cannot warrant the complete accuracy thereof subject to errors,...

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"REAL ESTATE TALK LIVE" Show-Episode 13

Real Estate Talk LIVE Show

Play Episode Listen Later Jul 23, 2017 60:38

Xtreme Realty Team's Real Estate Talk LIVE, a Facebook LIVE Show. On today's show the first half was devoted to real estate contract Q & A. In the second half, special guest Vincent Rodriguez of Caliber Home Loans, shared information about current home financing options. Hosted by Tony Martinez, Broker of Xtreme Realty Team and Omar Arcia, Esq of Arcia Law Firm. XtremeRealtyTeam, ArciaLawFirm.com, www.VinceCloses.com.

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"REAL ESTATE TALK LIVE" Show-Episode 2

Real Estate Talk LIVE Show

Play Episode Listen Later Jul 17, 2017 47:43

Xtreme Realty Team's Real Estate Talk LIVE, a Facebook LIVE Show. On today's show we discussed the importance of selecting a qualified professional when selecting a real estate agent or attorney, the need for more specialization in our industry and we answered real estate legal and contract questions. Hosted by Tony Martinez, Broker of Xtreme Realty Team and Omar Arcia, Esq of Arcia Law Firm. XtremeRealtyTeam, ArciaLawFirm.com.

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"REAL ESTATE Talk LIVE" Show-Episode 11

Real Estate Talk LIVE Show

Play Episode Listen Later Jul 12, 2017 47:17

Xtreme Realty Team's Real Estate Talk LIVE, a Facebook LIVE Show. Hosted by Tony Martinez, Broker of Xtreme Realty Team and Omar Arcia, Esq of Arcia Law Firm. Topics: FIRPTA and Loan Modifications. XtremeRealtyTeam, ArciaLawFirm.com

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What the Heck Is FIRPTA

Bigfork Real Estate Video Blog with Scott Hollinger

Play Episode Listen Later May 30, 2017

IRS FIRPTA information Montana FIRPTA facilitator Blog about FIRPTA issues Are you a foreign investor getting ready to sell an investment property? If so, there are a few things you should know about how the Foreign Investment in Real Property Tax Act affects you. The Foreign Investment in Real Property Tax Act (FIRPTA) spells out what needs to be done at closing as far as withholding goes. With the exchange rate as it is, it’s quite favorable for foreign investors (Canadians especially) to sell and realize a profit. “FIRPTA spells out what needs to be done at closing as far as withholding goes.” Remember, there is a 10% to 15% withholding right at closing, depending on the type of investment. For example, residential properties that haven’t been used will differ from vacant land or residential properties that haven’t been used personally. These stipulations can be somewhat confusing, but the IRS has authorized administrators to help foreign investors in this situation with things like the paperwork, holding the money, and filing the returns so the process is not as daunting. It’s also important to note that during the closing phase of the selling process if what you owe on the property and what it sells for is less than 10% or 15%, you may have to bring money to closing to satisfy that withholding requirement by the IRS. If you would like to get in contact with an expert on this subject or you would like more information, click here. You can also simply Google “FIRPTA” and it will answer a lot of your questions. If you have any more questions about this topic, feel free to give me a call or send me an email. I would be happy to help you.

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Foreign Investment in U.S. Real Estate

America's Commercial Real Estate Show

Play Episode Listen Later Apr 6, 2016 39:03

Join Michael and his guests as they discuss foreign investment in U.S. real estate.* Foreign investment volume in U.S. real estate * Impact of FIRPTA on U.S. commercial real estate values* Successful U.S. investment strategies

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EY Cross-Border Taxation Spotlight for Week ending 18 March 2016

Play Episode Listen Later Mar 18, 2016

A review of the week's major US international tax-related news. In this edition: US international tax reform draft delay – Technical Corrections to Path Act coming soon; FIRPTA corrections not expected – OECD peer review process to monitor resolution of MAP cases "well advanced".

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ITS Washington Dispatch, February 2016

America's Commercial Real Estate Show

Play Episode Listen Later Feb 29, 2016 15:25

US international tax reform takes on added urgency in Congress – Obama Administration’s FY 2017 Budget includes international provisions substantially similar to FY 2016 proposals – Treasury releases 2016 US Model Income Tax Treaty – US Treasury official comments on EU State aid investigations -- IRS amends regulations allocating partnership foreign tax expense – FIRPTA regulations amended to reflect Path Act -- IRS files appeal in Altera Corp. v. Commissioner – IRS names new Associate Chief Counsel (international).

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PwC on CRE at CCIM

Play Episode Listen Later Feb 25, 2016 39:03

Mitch Roschell, PwC's U.S. Real Estate Advisory Practice Leader, joins Michael for a fireside chat at the Georgia CCIM chapter meeting.How long the good times will lastImpact of rising interest rates on value and exit cap ratesImpact of FIRPTA changes and foreign investment on valuesImpact of rising construction costsImpact of sharing economy on commercial real estate

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EP 68 Kevin Walsh, CPA: Proper Structure of Your Property Business Can Save Taxes, Plus New FIRPTA Rules for Foreign Investors

Invest Florida - A Real Estate Podcast

Play Episode Listen Later Feb 15, 2016 39:28

Business of real estate, Investor and dealer comparison for tax purposes, plus new FIRPTA rules for foreign investors

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Fed's View on Commercial Real Estate

America's Commercial Real Estate Show

Play Episode Listen Later Jan 21, 2016 38:54

The Federal Reserve's Real Estate Analyst Brian Bailey joins Michael in Studio One. * Real estate industries impact on U.S. GDP and economy * Rising interest rates impact on Cap Rates * Outlook for CRE Fundamentals * Bubble pricing in gateway markets considered * Impact of FIRPTA changes and foreign investment

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FIRPTA Reform a Boost to U.S. Real Estate

Nareit's REIT Report Podcast

Play Episode Listen Later Jan 14, 2016 6:25

Jim Fetgatter, chief executive of the AFIRE, offers his thoughts on the effects of legislative changes to the rules governing foreign investment in U.S. real estate and reviews the results of AFIRE's annual survey of investors.

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EY Cross-Border Taxation Spotlight for Week ending 05 April 2013