I have 6 month calls on TLT and redfin which should do well in the apparant recession that we are running headfirst into this fall/winter.I am out of long term stock market and my opinion is it is dangerous to be in right now unless you are going to stay in for years. 

I lived in Madrid, Spain for about 8 months and I am curious if it is possible for non-residents to successfully have rental properties within the country.My concern is mostly from a tax standpoint and whether it makes sense.My research shows that Non-residents of Spain(but a resident of Europe) pay a flat rate of 19% on NET RENTAL INCOME.Non-residents of Spain(Not a resident of Europe, such as the USA) pay a flat rate of 24% on GROSS RENTAL INCOME.The difference of paying tax on Net and Gross is huge.Americans are not able to deduct expenses such as mortgage interest, taxes, insurance, cleaning, repairs, etcA pro that I can think about when it comes to invest in Spain is that overall costs are less - Mortgage rates are currently around 4% - 4.5% while it is around 6.5% - 7% in the US.Am I reading the tax law correctly?

s post and Dave Foster's response cover the options concerning 1031 exchanges.

What was killing me was that I thought I was being told that preparing for vacancy/management/maintenance/repairs/etc. was so much less important than appreciation, that I shouldn't concern myself with cashflow at all and just pay whatever price with total disregard for carrying a mortgage for 30 years and concern myself with only the mortgage PITI.

I would recommend that they invest in an inexpensive 'white noise' machine to help muffle the sound but that no property is completely sound proof and the upstairs tenants are well-aware of their concerns and are respectful.Always 'entertaining,' huh?

If you have any concerns, you may also discuss alternative payment options with your tenant.

Your sphere is concerned with buying beer and cigarettes, not houses.

I keep going back and forth concerning this property. 

I want to know how is rental market in Austin area and my main concern is Property value went up recently and how it's coming along on rent and is there any opportunity for cash flow in austin marketThanks

Can some of your concerns be mitigated (locally) through things like strong tenant vetting and property class selection?