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Updated almost 4 years ago,

Marc Estepa's profile image
Marc Estepa's profile image
Marc Estepa
Pro Member
  • from Washington State
  • Member since Jul 14, 2020
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133
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36
Votes
Marc Estepa's profile image
Marc Estepa's profile image
Marc Estepa
Pro Member
  • from Washington State
  • Member since Jul 14, 2020
Connect
Marc Estepa
Pro Member
  • Washington State
36
Votes |
133
Posts
Starting Out

HELOC from Philippines bank to invest in US Real Estate

Marc Estepa
Pro Member
  • Washington State
Posted

Asking for a friend!  I have a buddy who was gifted a property under his name in the Philippines.  It is a high end Condo in the Rockwell area of Manila and is owned free and clear.  It is apparently valued at $700,000 USD.

He is a US Citizen, lived in the Philippines for 10 years and has recently moved back to the US.  He wants to deploy the cash to invest in US Real Estate and get started.

Does anyone have experience with this - specifically in the Philippines?  What does he need to do to deploy this cash from an overseas, Philippines bank to use in the US?  

Thanks in advance!

  • Marc Estepa
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