REI Posts

Yes, as a U.S. citizen or resident, you may have U.S. tax obligations on overseas property, even if it’s located in another country. Here’s a clear breakdown: 1. Property Ownership Abroad 2. Reporting Requirements 3. Foreign Taxes 4. Capital Gains Here’s a simple table summarizing the U.S. tax implications for owning foreign property: Type of … Read more

Yes, the IRS can pursue U.S. citizens overseas, though how they do it and how effective they are can vary. Here’s a clear breakdown: 1. U.S. Citizens are Taxed on Worldwide Income 2. Reporting Foreign Assets 3. How the IRS Can “Chase” You Abroad 4. Practical Reality Bottom line: Living abroad doesn’t make you invisible … Read more

“Safest” can mean a few things when it comes to buying property: political stability, low risk of natural disasters, strong legal protections for property owners, and a stable economy. Here’s a breakdown of some of the top contenders: Country Why It’s Safe Switzerland Politically stable, strong property laws, low crime, resilient economy. Germany Transparent legal … Read more

Several countries either restrict or completely prohibit foreign (including American) ownership of land. These restrictions vary—some allow ownership under specific conditions, others outright forbid it. Here’s a clear summary: Country Restrictions for Americans / Foreigners North Korea No foreign ownership of land allowed. Cuba Foreigners cannot own land directly; they can lease land long-term. Vietnam … Read more

Most Americans moving abroad are going to Mexico, followed by Canada, Costa Rica, Panama, and Portugal. These countries are popular due to affordability, quality of life, and ease of settling in. Rank Country Approx. Number of Americans 1 Mexico 1,200,000 2 Canada 1,000,000 3 Costa Rica 70,000 4 Panama 50,000+ 5 Portugal 40,000+ Related Will … Read more

Yes. If you are a U.S. citizen or resident, you generally must report foreign property to the IRS under certain circumstances. It depends on the type of property and how it generates income: ✅ Key takeaway: Owning a foreign property itself isn’t automatically taxable, but income from it and associated foreign accounts must be reported. … Read more

The 6-year rule generally refers to the Exclusion of Gain from Sale of a Principal Residence (Section 121 of the IRS code), applied to U.S. citizens who move abroad. Here’s how it works: The 6-Year Rule Explained Key Points: Example ⚠️ Important Notes Related Do US citizens living abroad pay taxes twice? How can I … Read more

There are several countries that offer residency or even citizenship if you buy property, though the rules and minimum investment amounts vary a lot. Here’s a simple breakdown: Country Minimum Property Investment Residency/Citizenship Type Notes Portugal €280,000–€500,000 Golden Visa (residency) Can lead to citizenship after 5 years Spain €500,000 Residency Schengen area travel benefits Greece … Read more

Let’s break down the “smartest place to buy property” from all angles—investment, affordability, ease of purchase for foreigners, and lifestyle benefits. I’ll summarize in a table for clarity. Category Best Options Why Investment Potential / Appreciation Austin (TX), Miami (FL), Lisbon (Portugal), Berlin (Germany), Dubai (UAE) High growth in property value, strong rental demand, and … Read more