andypreece wrote:Hi,
Living in the UK and retiring in 2015 as a public sector employee with a decent pension and lump sum. Will be keeping our home in the UK but looking to buy a small place in the Florida area for winter sun.
No intention of permanent residence in US but keen to spot all the pitfalls and hurdles early to start tackling them!
Family all staying in the UK and we probably wont stay a whole 6 months at a time!
Any advice or horror stories
Thanks in advance
A
Hi there,
My mother is a retired teacher from Venezuela and gets a decent pension. Since I live in the US, she comes to my house to relax every year for 4-5 months at the time.
Now, I don't think you should have any hard times buying an investment property and coming to the US with the sole purpose of enjoying your retirement. However, I would suggest you talk to an accountant to clear up any questions in terms of tax liabilities.
Here in the US, you'll have to pay for: property and school tax, homeowner's association (if you buy an apartment, condo or penthouse), utilities (gas-oil, water, garbage, electricity); maintenance, such as, lawn care -if you buy a single home- and Insurance (in this particular, I highly recommend you talk to an Insurance Agent).
Horror stories? I'm sure there are plenty out there, but am only aware of the good ones!
