I currently live outside the USA however would like to buy my first rental property back in the US. My questions are: Can I do this? Can I do this as a first time homebuyer? What things should I look out for/ be careful about when doing so? Appreciate any help on this matter. Thanks!
Can you do it? Yes
As a first time home buyer? You can't get first time homebuyer credits unless you plan to live there. But it can be your first purchase.
You need to be extra careful on everything, if you're not there in person you need a trusted person to be your eyes and ears.
If this is going to be your first every real estate purchase I would be extremely cautious doing it from afar.
Hi Andre, thank you for the response and appreciate your advice!