Q. I looked up a up a piece of land in Los Angeles county California, USA Property Appraiser website and it shows the sale date in 1970's. How can I look up who is registered as the owner?
A. It should have been on the appraiser site, as they pull from tax records. Look on them, it is online.
What are the rules about transfering sales proceeds to the USA?
Q. I plan to sell a property in India, and buy a property in USA.
The property is worh Rs. 2.5 crore. The Indian property has been with me since 1985.
I am now a Green Card holder in the US.
I have been away from India for the last five years.
The property is worh Rs. 2.5 crore. The Indian property has been with me since 1985.
I am now a Green Card holder in the US.
I have been away from India for the last five years.
A. Speak to a tax attorney. No joke. You will have to file a return as a resident and could be hit by both Indian and US tax law. At least run it by a reputable CPA.
USA is fine with your bringing money in. It's how much remains yours that you will want to structure.
USA is fine with your bringing money in. It's how much remains yours that you will want to structure.
How to buy Property in India while living in USA?
Q. The buyer and seller are living in USA. The property is in India. In this case, how do we proceed with the purchase of the land? What role will the Embassy play?
I can "edit' and provide additional details if needed.
Thanks for the help.
I can "edit' and provide additional details if needed.
Thanks for the help.
A. Depending on if you are Indian citizen or not - but here are some rules/requirements:
Residency Requirement
According to Buy Association, a foreign national must be a resident of India for 183 days in a financial year to be allowed to purchase property. This can be challenging since a tourist visa lasts 180 days.
Foreign nationals cannot circumvent the residency requirement through the operation of an Indian-registered company, according to Buy Association). It also is illegal to try to become a joint property owner in India with someone who does qualify.
of if you are Indian:
Non-resident Indians (NRIs) and persons of Indian origin (PIOs) can purchase property in India without residency.
NRIs have an Indian passport and nationality, although they have emigrated from the country. The PIO status allows for someone of Indian origin for up to four generations to be allowed to purchase property in India. This inclusion has fueled much of the property boom in India.
You can find more info here: http://www.ehow.com/list_6529117_rules-nationals-buying-property-india.html
If you would like to purchase property in India, I strongly recomand to find a good local Realtor with international experience. I am sure he/she can guide you through the process and find the property for you. Here are some contact info for people who might be able to answer most of your questions in regards of the real estate market in India:
http://www.realtor.org/intlnet.nsf/SearchCoopAssocCountry?SearchView&Query=field+CoopAssocCountry=(India)&~
Residency Requirement
According to Buy Association, a foreign national must be a resident of India for 183 days in a financial year to be allowed to purchase property. This can be challenging since a tourist visa lasts 180 days.
Foreign nationals cannot circumvent the residency requirement through the operation of an Indian-registered company, according to Buy Association). It also is illegal to try to become a joint property owner in India with someone who does qualify.
of if you are Indian:
Non-resident Indians (NRIs) and persons of Indian origin (PIOs) can purchase property in India without residency.
NRIs have an Indian passport and nationality, although they have emigrated from the country. The PIO status allows for someone of Indian origin for up to four generations to be allowed to purchase property in India. This inclusion has fueled much of the property boom in India.
You can find more info here: http://www.ehow.com/list_6529117_rules-nationals-buying-property-india.html
If you would like to purchase property in India, I strongly recomand to find a good local Realtor with international experience. I am sure he/she can guide you through the process and find the property for you. Here are some contact info for people who might be able to answer most of your questions in regards of the real estate market in India:
http://www.realtor.org/intlnet.nsf/SearchCoopAssocCountry?SearchView&Query=field+CoopAssocCountry=(India)&~
I am in usa.I want to invest in india in proerty and buy house.How do i get loan from usa banks?
Q. am in usa.I want to invest in india in proerty .How do i get loan from usa banks for investment in indian prperty.Or is there any venture capital would like to invest in india?What are legal and physical aspect?India has huge potential for growth.I need some sort of alliance here .In usa there are 2.5 millian indians.Almost everyone would be interested in investment in india.But they do not know how to get finance in usa nad hold property in india.Does us treasury department allow such investment by us bank?Or any private institution who would be interested ?I do have expeience in developing propert in india for over 14 years.
A. If you want to do the loan in the USA, it has to be a signature loan. That means a loan done on the basis of your credit only, and not on collateral. You probably already know that.
Dual citizenship will not help you.
It is expressly illegal for any bank or any private investor in the United States to give a loan based on collateral physically located on another country's soil.
Most other non-third world countries have similar real property laws related to their legitimate banking transactions and activities.
Good Luck.
Dual citizenship will not help you.
It is expressly illegal for any bank or any private investor in the United States to give a loan based on collateral physically located on another country's soil.
Most other non-third world countries have similar real property laws related to their legitimate banking transactions and activities.
Good Luck.
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