US real estate: A minefield of money traps for foreign buyers

Tips for working with homebuyers from overseas
  • You should have all of your clients visit with a CPA or tax attorney who has experience in working with foreign buyers before making a purchase.
  • The PATH legislation makes significant changes to how real estate investment trusts are governed and to FIRPTA.
  • Remember: It is illegal for you to provide tax advice.

As negative interest rates become more prevalent internationally, and currencies in many countries are being devalued, an increasing number of foreign buyers are looking for a haven for their money, particularly one that generates a return.