Government Cracking Down on Landlords

israel-irsOwn or Planning to Buy Investment Property in Israel?

Make sure you report!

Medinat Israel is getting serious about apartment owners who do not report rental income. Today in Jerusalem, a 36-year old yeshiva student was indicted for failure to report 1.36M in rental income from five units that he owns and rents out. He was charged with fraud under income tax and real estate laws. The report does not state if he is a dual citizen. Bottom line…Israel is the best real estate investment market in the world. But the days of black money may be coming to a close. Be careful.

Great Real Estate Investment in Israel

Looking for the perfect real estate investment in Israel? Here is a great apartment in the heart of the city of Tiberia. Great Location—Great Price—will not last long! This is a studio apartment in the center of downtown Tveria, with gorgeous views of the Kinneret (Sea of Galilee). Walk across the street and you will immediately be on the long boardwalk where you can dine at any one of a number of restaurants, go boating, fishing, strolling, etc. Walk to the beach in just a few minutes. The apartment is located in a landmark building in Tveria. It is 50 sq meters, comes partially furnished (with bed, aron and refrigerator), and is on the 4th floor of the building, but 8th floor from the street, so the views are awesome. The first four floors of the building are shops, cafes and offices. As an investment property, you cannot do much better! You will have no trouble renting out this apartment as a long-term rental, executive suite, or vacation apartment. Or, keep it for yourself and enjoy the convenience of down-town living near to all the exciting activities of the Kinneret. Priced at only 350,000 NIS this apartment is sure to sell quickly.