Recently, the United States has become a preferred destination for Israeli investors. With bank interest rates at zero, alongside the rise in Israeli real estate prices and accompanying low returns, the US real estate market has attracted more and more people to search for business opportunities abroad.
While the United States offers the real possibility of investing with excellent returns, many investors are worried about investing in a country in which they have limited understanding of the local market, its laws and regulations, and have little control over their assets overseas.
This worry is understandable as many Israelis over the years have been “stung”, mainly due to a lack or unavailability of relevant information.
So what does one need to know?
Firstly, every state in the US has its own rules and regulations and often its own taxation system.
Secondly, it is important to check that the property is located in an area with excellent parameters such as good schools, preschools, shopping malls and other necessary public institutions, as well as a broad range of available employment opportunities, a high average income bracket, and most of all, a low crime rate.
If possible, stay away from major transportation arteries or airports as this significantly reduces the quality of life in an area and makes it more difficult to rent out properties.
