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Property for non resident

Property for non resident

Old Sep 28th 2002, 11:42 pm
  #1  
mmm
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Joined: Aug 2002
Posts: 62
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Default Property for non resident

My husband and I were thinking of buying a house.

Does anybody know anything about this process? Is there a different tax for non residents? What if we were to rent it out as a holiday spot for no more than say 20 times a year? this would be the only property we own. What if my husband suddenly loses his job (h-1B visa) do they give you time to sell before you must leave the country, or must you sell it before leaving the country? Are the laws different for this from state to state? Has anybody had any experience with this type of thing?

Any advice or knowledge is much appreciated.
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Old Sep 29th 2002, 12:33 am
  #2  
Immigration Consultant
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Default Re: Property for non resident

Brought to you by USA Immigration Services at
http://www.usais.org/a/1062

There is no different tax for nonresidents.
You may keep the property even though you must leave the country.
The Federal laws overrule the state laws.

"mmm" wrote in message
news:[email protected]
.com
...
    > My husband and I were thinking of buying a house.
    > Does anybody know anything about this process? Is there a different tax
    > for non residents? What if we were to rent it out as a holiday spot for
    > no more than say 20 times a year? this would be the only property we
    > own. What if my husband suddenly loses his job (h-1B visa) do they give
    > you time to sell before you must leave the country, or must you sell it
    > before leaving the country? Are the laws different for this from state
    > to state? Has anybody had any experience with this type of thing?
    > Any advice or knowledge is much appreciated.
    > --
    > Posted via http://britishexpats.com
 
Old Sep 30th 2002, 1:57 am
  #3  
James Donovan
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Posts: n/a
Default Re: Property for non resident

mmm wrote in message news:...

    > My husband and I were thinking of buying a house.

Canadians do it all the time. I don't see why other foreigners can't.

    > Does anybody know anything about this process? Is there a different tax
    > for non residents?

If you mean property taxes, no. They are the same.

    > What if we were to rent it out as a holiday spot for
    > no more than say 20 times a year? this would be the only property we
    > own. What if my husband suddenly loses his job (h-1B visa) do they give
    > you time to sell before you must leave the country, or must you sell it
    > before leaving the country?

You can do whatever you want with it. There are no restrictions on
foreigners owning homes in the US.

    > Are the laws different for this from state
    > to state? Has anybody had any experience with this type of thing?

This is covered under federal law, which overrides state law.
 
Old Sep 30th 2002, 3:58 pm
  #4  
Lucy
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Posts: n/a
Default Re: Property for non resident

I was unable to buy a house before I became a permanent resident because I
couldn't find anyone to approve me for a mortgage before that.

Of course, not everyone needs a mortgage to buy a house...


"mmm" wrote in message
news:[email protected]
.com
...
    > My husband and I were thinking of buying a house.
    > Does anybody know anything about this process?
 

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