Investor · Dubai, UAE · Member since 2018 · 12 posts · 10 votes
Hello Bigger Pockets Community!
I live in Dubai and invest in the U.S. commercial real estate industry.
I would like to connect with any investors who are facing challenges investing as non-U.S. residents or citizens. Or would like to understand how it works as an international investor when it comes to investing in the U.S.
If subject to Sharia law they cannot finance, it's all cash.
Gifts to family in the US are allowed but have reporting requirements, but I don't think that is what you are asking.
More than $100000 to one person they fill out Form 3520 with the IRS by April 15th of the following year and it is taxable to IRS and State of location. Income taxes for US systems will be filed every year.
All paperwork and legal documents have to be in english. A real person signs and is notarized and they need identification that can be verified.
Investor · Dubai, UAE · Member since 2018 · 12 posts · 10 votes
3y
Hi Nader,
I help international investors, mainly in the Middle East access the U.S. market through a co-investment structure.
Investors come to me because they have faced issues in the past and are tired of learning the nuances of investing in the U.S. as a foreigner the hard way.
What real estate asset class are you investing in?
I live in Dubai and invest in the U.S. commercial real estate industry.
I would like to connect with any investors who are facing challenges investing as non-U.S. residents or citizens. Or would like to understand how it works as an international investor when it comes to investing in the U.S.
I look forward to hearing from you!
Rebecca Moreira
Have you done any investing in other markets outside of the US? I am a US based investor however am interested in learning more about investing out of country. This is a goal of mine for several years down the line but I would like to begin learning the nuances of accomplishing this now and setting up a network to accomplish this.
Investor · Shelton, WA · Member since 2017 · 6k+ posts · 6k+ votes
3y
I bought a house in California in the mid 80's as a foreigner with no visa or US job. I rented the house out while I got my job and paperwork in order. Years before I had opened a US bank account and that turned out to be an important step in the whole process. In those days it was a lot easier than it is today, banking and other regulations have changed, if I were doing it again I would seek some help from a pro.
If subject to Sharia law they cannot finance, it's all cash.
Gifts to family in the US are allowed but have reporting requirements, but I don't think that is what you are asking.
More than $100000 to one person they fill out Form 3520 with the IRS by April 15th of the following year and it is taxable to IRS and State of location. Income taxes for US systems will be filed every year.
All paperwork and legal documents have to be in english. A real person signs and is notarized and they need identification that can be verified.
Investor · Dubai, UAE · Member since 2018 · 12 posts · 10 votes
3y
Hi Caroline,
What you are saying applies to those who want to invest in real estate directly and obtain a loan themselves. However, there are many other ways to invest in U.S. real estate without having to do that. That's what I specifically help international investors with. I can help them invest in U.S. real estate without the headaches of maintaining U.S. bank accounts, or domestic LLCs. We conduct KYC/AML etc.
To be Sharia compliant, debt for real estate is allowed. Sharia-compliant mortgages allow the lender to earn money by sharing the profits earned from an asset’s performance or through fees received for the services provided to the customer.
Lender · New York, NY · Member since 2022 · 1k+ posts · 1k+ votes
3y
What is your US citizenship status? Do you potentially have a green card or visa? I know for DSCR loans plenty of lenders can make the loan work if you qualify as a "permanent resident alien" or "non-permanent resident alien."