Q. Illegal aliens/drug runners are murdering US property owners and OH sent NG to Kent State to kill students who weren't killing anyone.
A. The Guard cannot be used for routine police action. Unless there is a serious disruption to peace and security, the Guard cannot be used. The state must declare a state of emergency and martial law to allow the NG to act. The ordinary police are in charge of murder investigations.
Can I write off interest/depreciation or other shortfalls on international investment property on my US tax?
Q. I have an investment property abroad, and it is cashflow negative. I've heard that I can only write off deductions on my US tax at sale, not annually like I would if it were a US property. Can I write off these deductions on my US income tax?
A. What kind of property is it? Rental property you would fill out a Schedule E and report income and expenses each year. Investment property that you are holding to sell in the future would have expenses recognized in the year of sale. From what you are indicating by negative cashflow, I'm assuming that it is rental property. If so you can write off deductions yearly.
Is it time to start buying property in the US?
Q. I live in the prosperous Euro-zone and am interested in buying property in the US (residential). The Euro is very strong against the dollar and I understand the bottom has fallen out of the US property market. Will it fall further, or is now the time to buy? Thanks.
A. Sadly, the real estate market in most of the US is nowhere near the bottom yet. There are isolated areas where is might be close to a good time to buy, but they are few & far between.
I would like to buy, but I won't for at least another 18-24 months.
I would like to buy, but I won't for at least another 18-24 months.
Is Arizona a good place to invest in property?
Q. Hi there and thanks for reading my Q.
Im an Australian living and working in Singapore and trying to make sense of the US property market.
Of all the states Arizona seems to me to be one of the best choices as far as an investment goes.
Does anyone have any advice on investing in Arizona or if not happy to hear your impression of the state and its cities, Phoenix, Tuscan, Scottsdale etc
Can you find someone to manage a rental property for you in the states and how does that work?
Thanks for your answers
Im an Australian living and working in Singapore and trying to make sense of the US property market.
Of all the states Arizona seems to me to be one of the best choices as far as an investment goes.
Does anyone have any advice on investing in Arizona or if not happy to hear your impression of the state and its cities, Phoenix, Tuscan, Scottsdale etc
Can you find someone to manage a rental property for you in the states and how does that work?
Thanks for your answers
A. I'll disclaim that I don't line anywhere near there so I'm not sure about this state. However this is one of the states that was crushed by the recent housing downturn and therefore has way more housing available than people living there. So lots of houses are vacant, prices have dropped dramatically, lots of places are for rent. However, its not clear when the population will grow enough to soak up all this vacant housing so you may be waiting many years to see any appreciation on your property (and have a real tough time renting it out in the mean time). IE This may be a bad place to invest right now.
So, be very careful with an area like this. Again these are not firsthand conclusions but this is how it seems to be from a distance.
So, be very careful with an area like this. Again these are not firsthand conclusions but this is how it seems to be from a distance.
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