Rental Property Investor · North Palm Beach, FL · Member since 2018 · 2k+ posts · 1k+ votes
What are the biggest issues/problems that international investors are experiencing when trying to invest in US real estate? Is it mortgages, entities, taxes, banking, legal, property management etc.?
Accountant · Fort Lauderdale, FL · Member since 2013 · 1k+ posts · 753 votes
7y
@Charles Carillo
I would say taxes and mortgages. As a foreign investor, you immediately have exposure to the US estate tax system and income tax system. It is important to engage with a CPA and cross border tax specialist prior to purchase to maximize efficiencies with proper structure. On the banking side, depending on the size of the mortgage, it can be difficult to get one. Developing relationships with advisors is important here to be referred to the right lenders.
Accountant · Fort Lauderdale, FL · Member since 2013 · 1k+ posts · 753 votes
7y
@Charles Carillo
I would say taxes and mortgages. As a foreign investor, you immediately have exposure to the US estate tax system and income tax system. It is important to engage with a CPA and cross border tax specialist prior to purchase to maximize efficiencies with proper structure. On the banking side, depending on the size of the mortgage, it can be difficult to get one. Developing relationships with advisors is important here to be referred to the right lenders.
I agree with @Lance Lvovsky that taxes is one of the major issues. Working with an experienced CPA who has experience dealing with international clients is a must. If you can find a tax attorney with such experience that's even better as there're implications from both sides: taxes and legal. It is absolutely critical to know what taxes one required to pay here in US as well as abroad - back home and what type of legal entity works best in your specific case.
Rental Property Investor · Glen Rock, NJ · Member since 2015 · 3k+ posts · 2k+ votes
7y
Lassy,
I've been searching for these professionals myself. I have received one recommendation but haven't checked them out yet. Feel free to PM me if you'd like the name.