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Condo purchase - need referral for realtor

Last activity 09 February 2020 by OceanBeach92107

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kaching415

My husband and I are looking to invest in a condo in Da Nang to initially purchase and rent out/Airbnb.  Then eventually move in a couple of years. Looking for someone who can assist us with providing advice and expertise. Thank you.

SteinNebraska

Advice?  Wait a year, let the prices crash after the Corona Virus scare, loss of hundreds of thousands of Chinese tourists per month, then buy in a year.

In the meantime, start trying to figure out how you are going to manage this airbnb when you aren't in the country - who you are going to trust to rent it, clean it, maintain it and not pocket all of your money.  Finally, figure out the Vietnamese tax system and realize that US taxes worldwide income as if it was made in the US, as does Vietnam.

For the purposes of taxation, how is an individual defined as a resident of Vietnam?

A foreign individual may be considered a tax resident of Vietnam if any one of the following conditions is met.

The foreign individual was physically present in Vietnam for 183 days or more during a calendar year or 12 consecutive months from the initial date of arrival in Vietnam.
Having a permanent residential place in Vietnam.
In the case of a Vietnamese citizen, a residential location for which permanent residence has been registered means the specific place where such citizen lives and earns their living on a regular and stable basis and not only for a term, and for which such citizen has conducted registration pursuant to the Law on Residence.
In the case of a foreigner, a residential location for which permanent residence has been registered (the registered place recorded in the resident card or temporary resident card issued by the authority under the Ministry of Public Security). It also includes the situation in which an individual has a leased house or the like (that includes a hotel room, guest house, location of office and so on) in Vietnam with a total lease term of 183 days or more in the tax year, and the individual is not able to provide a certificate of tax residency of a country/territory other than Vietnam.
Individuals who do not meet the above-mentioned conditions are considered as tax non-residents of Vietnam.

kaching415

Thanks the the advice and feedback. Did not think of the Corona virus having an impact. Will read more on the taxes.

Guest2023

You may want to read this first;

Airbnb

OceanBeach92107

Two similar posts such as the OP's today.

I feel like I'm stuck in that memorable scene from "The African Queen"...

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