Hello all. I had no previously considered investing in real estate until just recently, and I am just getting started.
Right now I am trying to consider the costs/benefits of taking some money out of stocks to buy a property in Belize, with the goal being using it for short-term rentals. While I was also going to get a CPA to help me with this, would I benefit from the, "Tax Strategies for the Savvy Real Estate Investor" book when I am looking at international properties or is it geared towards only domestic properties?
Thank you in advance for any advice.
@Christian Dunkerly , this book is for people paying US taxes.
@Mindy Jensen Thank you for your reply, I asked because I am under the impression that foreign rental income is still taxed as part of your income in the US. I bought the book anyways, haha.
Free eBook from BiggerPockets!
Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!
- Actionable advice for getting started,
- Discover the 10 Most Lucrative Real Estate Niches,
- Learn how to get started with or without money,
- Explore Real-Life Strategies for Building Wealth,
- And a LOT more.
Sign up below to download the eBook for FREE today!
We hate spam just as much as you