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Updated almost 6 years ago,
Pros and Cons of buying back in the US
Although I think I have already decided on my actions, I wanted to reach out and get some comments from other BPers. I have been living in Japan for 11 years and recently married. I do not see myself returning to the US, although I am not planning on giving up my citizenship. I used to own long distance when I lived in the US but sold them all for personal reasons when I moved to Japan (bad mistake, but lessons learned and personal situation required that).
Should I return to buying in the US or continue buying in Japan (looking to pick up another apartment building within a year)? Since I won’t be returning, getting the cash out of the US and back to me in Japan when needed is one concern. Since I keep all real estate (and associated credit cards) in a separate account, I do not want to use a credit card to pay for trips etc.
I already file taxes in Japan and the US, and can get through the taxation on different properties and different depreciation schedules, but wondering if people have any thoughts on the best path forward.
Appreciate everyone’s thoughts.