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Updated about 8 years ago on . Most recent reply

Gabriel Salera's profile image
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Gabriel Salera
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  • from long beach, CA
  • Member since Jan 8, 2017
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Gabriel Salera
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Gabriel Salera
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  • long beach, CA
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Buying & Selling Real Estate

How to buy a house with Chinese money?

Gabriel Salera
  • Specialist
  • long beach, CA
Posted

HELLO!  Bigger Pockets community. Please help. 

My wife just sold her house in Beijing China for the equivalent of 600k USD. We are looking to purchase a home in CA. However her 600k is sitting in a Chinese bank in Beijing. A new policy just passed saying she cannot transfer over 50k per person per year over to the US. 

Does anyone know what our best option is? 

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Brandon Battle
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  • from Buena Park, California
  • Member since Jan 20, 2016
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Brandon Battle
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  • from Buena Park, California
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Brandon Battle
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  • Buena Park, CA
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Brandon Battle
  • Real Estate Agent
  • Buena Park, CA
Replied

Best option,take out a loan like anyone else as use the first 50k as down payment.

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