by kramoltz@hotmail.com | Jan 11, 2024 | Arizona and Its Amenities, Global Buyers + Foreign Investment
The national immigration picture differs from that of Arizona. Our proximity to Mexico and Central America means that we are the beneficiary of more Latino migrants. So according to the 2021 census, that Mexico is Arizona’s number one immigrant group should be no...
by kramoltz@hotmail.com | May 9, 2022 | Global Buyers + Foreign Investment, Selling Your Home, Taxes
When a foreign person sells U.S. real estate, 15% of the sale price will withheld. However, U.S. formed entities like limited liability companies are not themselves considered to be a foreign person so withholding would not apply (although their members may be...
by kramoltz@hotmail.com | Mar 29, 2022 | Selling Your Home
FIRPTA is the Foreign Investment in Real Property Act. The purpose of FIRPTA is to ensure “foreign persons” who own U.S. property pay any capital gains taxes which may be due on the sale. The government does that by requiring that all sellers file a document at...
by kramoltz@hotmail.com | Dec 8, 2020 | Arizona and Its Amenities, Canada and Canadians
Canada is the largest foreign direct investor and employer in the Grand Canyon State, and its businesses do $3.2 billion worth of trade annually in Arizona. And despite the sell off over the last few years due to the weakness of Canadian currency, Canadians make up...
by kramoltz@hotmail.com | Oct 19, 2020 | Global Buyers + Foreign Investment
International transactions are important to Arizona. Global trade means that foreign buyers are doing business here and buying homes in the Phoenix area. If you are in business here or are considering doing business in our state, useful information is in the NAR...