Investing as a foreigner

[Bruno Morales]

I want to start investing in real estate (buy and hold), been watching BP vids, reading their articles, , listening to the podcasts...

And my country (Argentina) is not only a terrible market as is, but also unreliable, bearish and an overall terrible investing decision.

But as a foreigner investing in the US many things like taxes, laws And capital raising probably have a lot of differences not being a local. Not being able to apply for a mortgage and depending on hard money being an example.

Has anyone had any issues or experience with investing in the US as a foreigner?

Any tips, dos and donts, more clarification on these differences?

[Tomas Buedo]

Hola @Bruno Morales

It is definitely doable, I just did a cash out refi on a property I bought remotely (from Argentina as well!) a few months back. As @Andrew Garcia mentions the best way is to open an LLC to create a US entity and there are plenty of lenders that do lend to foreign nationals. Things to take into account is that we usually get a slightly higher rate, closing costs (international background checks...) and a lower LTV. The best LTV I was quoted was 65% although some told me they found 70% for foreign nationals. I went with a 30 yrs fixed rate DSCR loan where the property numbers are what matter, not your personal credit.

Building a team locally in the market you are investing is a MUST and then managing everything from the distance can sometimes be a challenge but it's not impossible.

I'd suggest to select a couple of markets, build a team with at least a deal finder and a property manager and once you are confident enough to start making offers create an LLC in that State.

Reach out if you have any specific questions!

Good luck and nice to see more foreign nationals daring to make the journey on BP!