If you are a US citizen, foreign real estate is the second of the only two types of non-reportable assets available to you. That means that you can legally choose to not disclose to the IRS your ownership of property in another country, adding an element of privacy to your finances that no bank account can offer. In addition to privacy, owning land can either serve as the beginning of your next great business opportunity – such as my hotel friend’s interest in building an $8 million hotel that could net $3 million a year – or as a long-term hold to increase your wealth over time.
