My agent just told me that since my wife is on the title of the property we have to pay 10-15% foreign owned property tax on the profit, this is a sickening feeling because the value has more than doubled. 

It is US for US and Foreign for foreign.2.

Of course, these days, it's becoming harder and harder to find those such deals given all foreign investments and all. 

I would be equally concerned with a misspelling of my name (I have a middle name and two last names, non hyphenated,all foreign).Honestly I would hope the folks in the finance side are attentive to detail otherwise I'd assume they are in the wrong business.

Hey BP,As a Canadian if I were to buy a property in the USA am I legally allowed to repair/work on it myself?I am looking to:1. Buy distressed property with cash.2. Repair said property doing most of the work myself a...

I've heard other anecdotes about the rush of out-of-state and foreign money that is coming in for bigger apartment development projects.Preliminary construction on FoxConn has started.

Foreign investment, and in part AirBnB, has contributed.As you can imagine, the socialist party is driving the bus on this.

I've also been looking for a new commercial property for my roofing business - all of the foreign money has made it much too difficult to find fair deals down here.Thank you for the input Adam and Alina. 

I am interested in seeing what happens to the foreign buyer tax.

We are registered in CA as a foreign LLC and have paid the fees here.