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It depends on many factors; will the property be used as a second home or as a business (e.g. rental), is your worldwide net worth large enough to be concerned with US nonresident estate tax, what state is the property located, etc.
In general there are two ways to own property, directly (in your own name) or indirectly (using an entity). Forms of direct ownership are Joint Tenancy With Rights of Survivorship, Tenants in Common, Community Property, Community Property With Rights of Survivorship, Tenants by the Entirety.
Potential entities are corporations, partnerships or trust. All of them can be either US or Canadian entities. Canadians should never use Limited Liability Companies (LLCs) and in most cases should not use corporations because of double taxation.
There are a couple of books on the subject that you can check out.
What else can I help you with?
Why do real estate companies need their own attorneys?
Real estate companies have their own attorneys for completing real estate transactions. At real estate closings, both parties are required to have an attorney present.
Is mortgage better than a loan?
A mortgage is a loan secured by your real estate. If you own real property you can borrow more with a mortgage.A mortgage is a loan secured by your real estate. If you own real property you can borrow more with a mortgage.A mortgage is a loan secured by your real estate. If you own real property you can borrow more with a mortgage.A mortgage is a loan secured by your real estate. If you own real property you can borrow more with a mortgage.
Do I need a real estate license to buy my own house?
No, you do not need a real estate license to buy your own house.
What real estate company does ed smart own?
Smart & Company Real Estate
How can I effectively be my own real estate agent when buying a property?
To effectively be your own real estate agent when buying a property, you should research the market, understand the buying process, negotiate effectively, and consider hiring a real estate attorney for legal guidance. It's important to be organized, thorough in your due diligence, and prepared to handle all aspects of the transaction on your own.
Where is Kansas real estate located?
Kansas real estate is located in the US state of Kansas. There is a page on Yahoo for Kansas real estate and the Kansas Real Estate Commission has its own website as well.
How do you set up your own real estate website?
A real estate agent can purchase a domain and create their own website or they could purchase a website from a company who specializes in selling real estate websites for people who would like to own their website.
Can I act as my own real estate agent when purchasing a property?
Yes, you can act as your own real estate agent when purchasing a property, but it is recommended to have a good understanding of the real estate process and laws to ensure a successful transaction.
Can I act as my own real estate agent?
Yes, you can act as your own real estate agent, but it may be challenging as real estate transactions involve complex legal and financial processes. It is recommended to seek guidance from a professional real estate agent to ensure a smooth and successful transaction.
How old do you have to be to purchase real estate in Pennsylvania?
You must be 18 to own real property on your own.
Do you need to be an attorney to own a Real Estate Title company?
In order to own a real estate title company you do not have to be an attorney. It's often the case, however, that attorney's who work with real estate law provide title services.
As a real estate agent, can you purchase your own home?
Yes, as a real estate agent, you can purchase your own home just like any other individual.
