Can foreigners own landed properties in the ... - Zillow Real Estate ...

It depends on what country.? Generally Foreign Nationals are able to purchase Investment Properties in the States.? Your are subject to taxes and the laws of the Internal Revenue Service (IRS) and the State you purchase in.?

When the property is re-sold, there is a 10% withholding tax on the sale proceeds until a final tax return is filed and all taxes paid unless the sale is less than the purchase amount.
You will be required to pay taxes on the Rental Income, minus the expenses to maintain the property including property management, taxes, Association fees, Insurance etc...

I work with many foreign nationals here in Florida and it's very easy.

Look for an agent knowledgable?with Investment properties within the areas you are focusing on.? A good agent will be able to help you with all aspects of the transaction.??Identifying property, renovations, rental, management, and resale.

Source: http://www.zillow.com/advice-thread/Can-foreigners-own-landed-properties-in-the-States/502849/

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