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Updated about 7 years ago on . Most recent reply

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Junseok Choi
  • Los Angeles, CA
0
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Non-US citizen (Things to know)

Junseok Choi
  • Los Angeles, CA
Posted

As you can see from the subject, I'm not from the US. I've read a couple of blogs for investing as an international, but thought I'd ask some of the professionals here. What are some important facts international investors should know before investing on a US real estate; things that are different(disadvantageous) for non citizens I mean. It could be in regards to getting loans from banks, to getting taxed while selling. I'm new here so I don't know whether I'm posting in the right section so please don't mind that. 

My profile states that I'm from Los Angeles,CA, but that's a mistake with the postal code that I saved. Now I have to wait to change that again.

Thank you 

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395
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190
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Ihe O.
  • Investor
  • Laurel, MD
190
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395
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Ihe O.
  • Investor
  • Laurel, MD
Replied

The only financing you might be able to get would be non-status so you would have to put up at least 35% .

You will have to get a tax id and file US taxes. You probably will not be able to provide the paperwork as a  Section 8 landlord.

Realistically you probably need to be a cash investor.

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