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Tax, SDIRAs & Cost Segregation

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Gideon Spekterman
  • Haifa, Israel
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Currency conversion for an out of country investor

Gideon Spekterman
  • Haifa, Israel
Posted Dec 4 2017, 03:49

Hey everyone,

I'm trying to get things working for buying my first rental property, and one of my challenges is that I am an out of country investor, which means that the cash that I have for my first deal isn't physically in the states, and it's not in dollars. Basically, I need to transfer a big amount of money to the states, and convert it from the currency we use here (New Israeli Shekels) into dollars.

I was wondering if anyone here at bigger pockets has experience or advice how such a thing could be done safely and cheapest as possible?

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