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I dont understand why europeans are buying here in the USA.

Sure ‘some’ of the upwardly mobile are keeping it empty for 44 weeks of the year and just like to have a place in NY to crash when in town or to lend out to friends but how are the rest of the purchases being funded?

Also as an overseas purchaser do you have to pay tax on any rental income earned on a property here in the USA? (or capital gains when you sell)?

What happens if a property is owned by someone living overseas but earning income in the usa?

Anyone have any concrete information on this rather than folklaw heresay?

tia,
Dean