Buying a Property Remotely From Abroad

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Hi! I'd like to start to invest in real estate in the US and I saw out-of-state investing has become pretty common. So I thought as a German buying something without flying in would be very similar. Now I wonder if it's possible to buy a property remotely being a non-US citizen and not living in the US? Lenders weren't needed. TIA

[Lassy G.]

@Tobias S. Hi Tobias and welcome to BP. It is possible to invest in the US being a foreigner. You will need to think about

1. your strategy. Flip, buy and hold, duplex, sfr etc

2. your market. Where do you want to invest

3. Entry level depending on your budget.

4. find a team of professionals that can help you succeed. Real estate is a team sport. It will not be easy if your plan is to do it alone.

You will need to setup an LLC.

This is very brief. Hopefully it can help you start. If you have questions the BP community is very helpful. Just ask.