Capital Gain tax rates in the US

2008-12

ordinary income tax rate - 10%   15%   25%   28%   33%   35% 
short term  tax rate         - 10%   15%   25%   28%   33%   35% 
(less than a year )

long term
ordinary income tax rate - 0%   5%   15%   15%   15%   15% 

In 2013  This will change as follows

ordinary income tax rate - 15%   15%    28%   31%   36%  39.5
short term  tax rate         -  15%   15%    28%   31%   36%  39.5
(less than a year )

long term
ordinary income tax rate - 10%   20%   20%   20%   20%   20%

Warning!!
 Reporting requirements to comply when buying an asset in the US

In the US there is an entity called Bureau of Economic Analysis which regulates the purchase of properties by foreigners and any acquisition should be reported to them.

Failure to report a purchase could carry up to a 25k fine or jail time.


http://www.bea.gov/surveys/fdiusurv.htm
which form to file?
http://www.bea.gov/surveys/pdf/form_trans_2011.pdf

Usefull web pages

Great web pages when doing your due diligence!

www.redfin.com
www,gosection8.com   - to see what is available in your area for tenants.
www.listingbook.com
www.spotcrime.com
www.rentometer.com Great web pages when doing your TAX return http://www.trexglobal.com/property-management/landlord-resources/rental-property-tax-deductions

Quotables Quotes by Donald Tump

Business is an art whether its real estate or anything else. Treat it that way by developing your technique being tenacious and remaining passionate.

Real estate has a way of evening itself out. There are always ups and downs and that;s a fact not an aberration.

Don't depend on anyone else for providing your financial security.

Big problems can equal big opportunities.

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Real estate Tips

The financial numbers given when purchasing a home are only estimates. Take them as the best case scenario so always take them as a relative way of how the property its projected to perform not how it actually performs.

When protecting yourself against vacancy consider saving at least 1 year reserve money that will allow you to maintain the property in the case your tenant leaves.
Note that if there are more likely to fail to pay the rent if the tenant its a single person or a single person working in a family household.

Use insurance as only one way to protect your property there should be other asset protection in place.