Please help - Overseas Investor planning to buy in Texas

[Raj Gott]

Hi Everyone,

This is my first post and if I am asking the same questions asked by others, kindly excuse and point me the right links.

This is a great area to gain a lot of knowledge.

I am from Australia and planning to buy an investment property in Texas but not sure where to start.

Below are the list of questions:

1. How to open US bank account staying in Australia and move funds to pay for all expenses?

2. Reading forums got this company - https://www.ofx.com/en-au/blog/buying-a-property-o... (Can we open an account and park the money to use for all the expenses in the USA and getting rental income once we purchase the property?)

3. Do I need to setup LLC first and then start looking for property

4. What type of LLC do we need to setup?

5. Once LLC is done, I want to buy and Hold a place where no Renovation is required, What is the source I need to use to find a property

6. Once we like the property, Can we hire a building inspector to get the property inspection report done with videos and photos to analyze the property condition?

7. What sought of documents we need to ask Real estate agents before signing any paperwork?

8. Any specific information need to pay attention for in the documents?

9. How many days do we need to specify in the agreement to close the deal?

10. Do we need to be physically available locally to close the deal?

11.How do we issue final cheque to Seller

12. Can we simply deposit the total funds required to complete the transaction to an attorney?

13.Once we close the deal what type of documents do we get and are they electronic copy's or paper?

14. any other steps i am missing?

sorry for asking all questions in one post