European Investor Buying First U.S. Rental
Hey everyone!
My wife and I are looking to buy our first rental property in the U.S. We live in Switzerland. I’m a Swedish and my wife is Swiss citizen.
We recently spoke with a mortgage lender who told us we’d need around 30% down plus 6 months of reserves.
We’re thinking about starting with a duplex or single-family home, but since we live overseas, we’d need a good property manager.
Is anyone here investing in U.S. real estate while living in Switzerland, Germany, or Austria? We’d love to hear about your experience.
A few things we’re wondering about:
Did you have any issues getting financing?
Did you set up an LLC, or buy personally?
How did you find a good property manager?
Anything we should know about taxes or other issues when investing from Europe?