Real Estate Broker · Coppell, TX · Member since 2011 · 5k+ posts · 4k+ votes
5y
Happy to assist you in Texas. What kind of property do you want to buy. Do you plan to buy with cash or financing. Financing can be tough, but not impossible.
Real Estate Broker · Coppell, TX · Member since 2011 · 5k+ posts · 4k+ votes
5y
@Michal Liviatan Carpenter Let's connect. Are you financing non-owner occupied investment properties? Can you give us an idea of where you are lending now and what types of terms in regards to down payment and rate?
I know of a lawyer that has been helping Foreign Nationals set up entities to purchase properties for over 15 years. I also know a few lenders that lend to foreign nationals. Happy to help.
Banker · Australia · Member since 2021 · 1 post · 1 vote
4y
Hi All!
Me and a couple of friends in Australia are trying to enter into the US market - namely, focusing on rental properties in Ohio and Illinois to start. As noted in many of these forums, access to finance is quite costly either with high downpayment or interest rate requirements.
One of my teammates has a de facto partner (US citizen) who lives in Cleveland and is keen to come onboard. Is there any way to structure the LLC with her part of the group to access cheaper financing?
I think you should start by asking yourself what are your investments goals. Are you looking to flip? Maybe buy an SFR or an MF as a rental property? Would you like to BRRRR? After knowing that it will be easier to find a market that can support your goal. I have a list of criterias for choosing a market if you would like me to send it to you...
After that you can start finding your agent, contractor, PM, stc.
Real Estate Consultant · Member since 2019 · 79 posts · 63 votes
4y
@Gloria Wang. It's a good market, indeed. I'm actually married to an Australian, and we have an investment property there, about to invest in more, via syndications thru a SMSF. For the US, if you want to go the easy route (which is what we did, as we are currently based in Dubai), you might want to consider syndications. I had every intention of buying individual properties, but then someone turned me onto syndications. Fast forward a year and a half, and we are just about to close on our rental in Oregon so we can invest in 4 more syndications. The returns are similar, if not better, than actively investing, tax advantages same, if not better, as well. Plus you can cover top growth markets without having to deal with tenants, mortgages, repairs, sourcing, & selling. On most deals you need to be accredited, but not all. And on most deals you need an initial $50k investment. I love them so much I took 3 pretty tough exams to become SEC registered to raise capital for them.
There are cpas who can help you set up an LLC in the state you want to invest in, and they will also set you up with an ITIN, as well as do your tax returns for you. You will also need a US-based bank account.
On a side note, had a great chat with the people at wealthi.com.au this week, if you're after more properties in Oz. They do all of the leg work for you, and I have no affiliation with them, was just really impressed. There are also a few really good Australian syndication companies I've spoken with this week (and will invest with), but you need to be accredited for those private equity deals, fyi.