3 Tips For Doing Real Estate Deals With Foreign Investors
Law360, New York (March 31, 2014, 2:26 PM EDT) -- As foreign investment in U.S. real estate continues to increase, experts say foreign investors, sellers and rival bidders alike should be wary of potential tax hurdles, differences in deal-making style and other cultural customs.
U.S. gateway markets like New York, Los Angeles and Washington stand out as "safe havens" for cash from less economically stable regions around the world, and the trend of foreign investors picking up trophy properties in these cities continues to grow.
But experts say that each party to such a transaction — the investor, any potential rival bidders and the seller — should carefully consider the unique...
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