CW 297: Overseas Income Property Investing & IRS Audit Risks with Jason Hartman and Investment Counselor Steve

Join Jason Hartman and investment counselor, Steve, as they discuss a few news topics critical to your success as a real estate investor. Jason and Steve start by discussing a recent article by Kiplinger’s that discusses the top IRS audit red flags.  Income property investors should be cautious when claiming rental losses and the home office deduction, as these are frequent themes in IRS audits. Then another look at how 15 billion dollars in gold was recently repatriated from JP Morgan’s vaults in London.  Is this the sign of imminent economic collapse?  As are many, this particular listener expressed concern about governments seizing rental properties in the event of extreme fiscal crisis.  Is diversifying over seas a way to hedge against this risk?  Jason lays out the reasons why the US, no matter the fiscal threat, is still the best place in the world to buy income producing real estate.