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(HQ) Foreign Buyers and Sellers – The Things You Don’t Know Will Hurt You – CANCELLED
November 9, 2023 @ 10:00 am - 12:00 pm
$15.00Instructor: $Russell S. Jacobs, Atty
$$
One of the main components of this class that has been newly added is the current laws concerning foreign principals in Florida and walking the agents through who is a foreign principal and the dangers of dealing with that issue and what they can do to be aware of those issues. In addition, the presentation will discuss the following:
– Rule #1 They are not allowed to die. Estate Tax can wipe out your entire investment, discover out to how to avoid it.
– Rule #2 They should be scared of monsters under the bed. One slip and fall and they’ll lose it all – how to separate properties and protect them.
– Rule #3 Never Let Your Accountant Remove Your Appendix, Pack Your Parachute, or Form a Company. It is not good enough to just create a company, there is real work to be done behind the scenes.
– Rule #4 Keep the IRS away from your closing table. How to structure the purchase to avoid 10% FIRPTA withholding.
AND MOST IMPORTANT OF ALL . . .
– Rule #5 Avoid a 35% personal penalty to you as the realtor of a foreign buyer’s property when you manage it.
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