Investor · Redmond, WA · Member since 2016 · 267 posts · 110 votes
I am an real estate investor and built a decent (and growing) portfolio over the last couple of years. However, I am also an immigrant on visa.
I am not from one of the seven banned countries, but in the new world there is always a risk I might have to leave for an indefinite period. So, in case that happens I want to prepare myself. Specifically, I want to prepare for the scenario that I don't sell my portfolio and had to leave the country suddenly, and cant (or don't want to) come back for a really long period.
- Can I sell while not present in the country? Are there logistical complications?
- Can I keep holding while not present in the country for a long period? Is there any risk of losing ownership?
I still think the scenarios are improbable, but not impossible. Thanks in advance.
You can sell when you are not present, especially since we live in a world where docs-sign should suffice for a good number of paperwork. Logistical complications is hedged by the technology of today. You can theoretically be holding while not present, and should not face any risk of losing ownership - unless you are a foreign diplomat based in the US, or you have some sort of personal ties to the government of your home nation.
All in all, the scenarios are more improbable so I wouldn't waste time to hedge. Good luck though!