Investing in US real estate as a non-resident overseas foreigner
Hi,
I am willing to in US-based real estate, into addition of my European real estates I already own.
So I am not completly new to real estate, although the overseas investing seems to pose some unique challenges. I still believe it's doable, but also for my self it's a complete mindshift from what I've been doing before.
Currently I am in the proces of selecting a service that wil assist me in the creation of the LLC, which apparently I need as a foreign investor.
Although this step seems to be easy, other issues are poping up(although understandable).
- You need a business adress(included mail service), which is different from a registered agent
- Getting a bankaccount for the LLC as a foreigner wil be very difficult without being present in the US. This was clear to me after a few phonecalls with some banks as HSBC & Wells Fargo
I'll keep a detailed log of my endeavours & progress, but anyone that can give me some advice or help is welcome to do so.
Kind Regards,
Tim