Don’t Use Your Name When Investing in International Real Estate

When investing in real estate overseas, it’s very important to do your research. Laws and regulations are often very different from what you are familiar with, and just ignoring that fact does not make it go away. Moving overseas and running a business offshore is an excellent way to ensure your wealth and assets will remain protected and your quality of life will remain high.

Once you have done all your homework, you may realize that it could be more beneficial to not buy your property in your own name. There are many reason for this, one of which being that all deeds are public record, making you an easy target for a numerous amount of different people. Part of living a truly wealth life style is flying under the radar. As soon as you put your name on a asset that is readily identifiable as yours, then you are putting it at risk.

The simplest and most effective thing you can do to remedy this situation is to taking using a land trust. One of the benefits of having a land trust is that fact that things are kept private. Such as the sales price, the purchase price, and also any change in ownership. By having your sales price kept private, property taxes become lower.

Other options you have is buying your property though a corporation. A corporation is effective for buying and selling real estate on a short-term basis. It also saves you money by avoiding paying transfer tax if you ever need to sell your property.

As you can see, it is important to take your research seriously on this matter before signing any documents. Consider the pros and cons of every option you have at your disposal.