- Why should I invest in New York City?
- What if I invest now and prices keep going down?
- If the price is so low then why is this property still available?
- Why are you not buying it yourself?
- How long do you hold the property before selling it?
- What are the Capital Gain Taxes (difference between the purchase and selling price) on the sale of the property for a Non-U.S citizen or resident?

- Why should I invest in New York City?
1- Financial security
Manhattan real estate is a safe place to put your money. Even if the volume of sales has decreased, all recent reports show that the average condo price was up slightly from a year ago. Q3 2008, $1,651,687 compared to Q3 2009 $1,6815-855. Only around 25% of residential properties in Manhattan are condos contributing therefore to the continued growth of the condos prices. NYC keeps attracting investors from all around the world, and the strong and increasing demand from foreign investors support this growth.
2- Significant returns
Because of the continuous growth of the population in New York the demands for Manhattan real estate is higher than supply. More than 75% of residents rent their apartment.
3- Diversification
Manhattan offers a large variety of home types, different neighborhoods and demographies. There is a property for each investor.

- What if I invest now and prices keep going down?
We constantly monitor the market searching and tracking the undervalued property. We thoroughly study the market trends and anticipate the up and coming demands. We factor in the economic and social environment prior to any purchase. We do due diligence and stress the numbers with a very conservative scenario to eliminate the risks.

- If the price is so low then why is this property still available?
MSP: Well, I am in the business of seeking for properties that indeed are available. But if you want a proof of its desirability: either we follow my number analysis, sign fast, and resell successfully; or let’s wait, and see it go to another buyer. New York is the most active user/investor platform in the world… New Yorkers do not wait… I have regretfully lost historical purchases for an hour of lingering from my attorneys.

- Why are you not buying it yourself?
MSP: At any given time, I am usually over-invested personally. I have stopped, for years, investing in anything else but real estate, as I have 100% success in it, as opposed to 100% failure in the stock market and financing start-ups. Also, well picked real estate if so much more profitable than any Life Insurance contract. That is why the biggest insurance companies are the wealthiest real estate owners. Why should we help them get richer?

- How long do you hold the property before selling it?
The hold period varies between 2 to 10 years depending on the market situation and the opportunities. We seek a minimum percentage of 50% appreciation before considering selling.

- As a foreign investor, in regards to US tax laws, what is the process to invest in your program?
If you are not a US citizen or a US based organization, you have two options.
 Set up a US based entity (LLC, Corporation…) and use it for investing purposes.
 Fill out IRS form W-8BEN “ Certificate of Foreign Status of Beneficial Owner for United States
http://www.irs.gov/pub/irs-pdf/iw8ben.pdfWithholding” which instructs us to withhold a percentage of your earnings and send them directly to the IRS.

IRS Form W-8BEN
http://www.irs.gov/pub/irs-pdf/fw8ben.pdf
Instructions for From W-8BEN
More details in our Login section.

- What are the Capital Gain Taxes (difference between the purchase and selling price) on the sale of the property for a Non-U.S citizen or resident?
In any case, you should consult with your own legal and tax advisor to determine whether any US Tax withheld from any income qualify for a foreign tax credit in your country of residence.
As a general rule, Non-US citizens or residents are subject to US Tax. We are required to withhold US income tax for our Non-US investors on their US source income.
The rate of withholding on the sales proceeds can vary from 10% to 35% depending upon the type of distribution. Deductions are available to residents of countries that have a tax treaty with the United States.

Withholding of Tax on Dispositions of U.S. Real Property Interests
http://www.irs.gov/businesses/article/0,,id=184187,00.html

More details in our Login section.