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Updated over 5 years ago on . Most recent reply

User Stats

19
Posts
12
Votes
Alain Haug
  • Investor
  • Switzerland
12
Votes |
19
Posts

Working with foreign investors?

Alain Haug
  • Investor
  • Switzerland
Posted

Hi forum,

My wife (USA citizen) and I (Swiss) are in the process of moving to the USA. While my wife currently works in Colorado Springs and builds the foundation for our endeavor, I am still working in Switzerland for Dell Technologies. 

Our plan is to buy our first multi family home within the next 6-9 months. There are some challenges we face:

1. My wife has amazing credit but was a student for the last couple years. Therefore, no real finace history.

2. I have a great income (was never unemployed since ~20y) but never lived in the US. Therefore, I have no tax ID / social sec. Nr. / credit score.

Do you have any advice how we can qualify for a mortgage?

Also, since we are planning our journey since quiet some time, some of our friends are very interested in investing in the USA as well. 

Again, they never lived in the US and so they neither have a tax ID. 

My idea is to partner with those friends and invest their money with my (to found) company. The big question is: can they be silent investors in order to avoid the hassle to apply for a tax ID? Or is that illegal? Has anybody experience with such business model? 

Thanks in advance for your answers.  

  • Alain Haug
  • Most Popular Reply

    User Stats

    19
    Posts
    12
    Votes
    Alain Haug
    • Investor
    • Switzerland
    12
    Votes |
    19
    Posts
    Alain Haug
    • Investor
    • Switzerland
    Replied

    First of all: Thanks a lot for your valuable answers. I know we have an unusual situation.
    To answer some of your questions: Yes, as soon as my wife has established herself in her new job, I will move over to the US and applie for the Green Card.

    @Lia Martinez May I ask: did you spend all your personal savings in real estate or did you work with a hard money lender? It's a bummer that your husbands work experience does not count. In my case I was hoping my history with an US company maybe helps.

    About the difficulties with the Green Card: I was under the assumption that a spouse is eligibel for a Green Card?

    @Jerry Padilla I have sent you a PM

    @Robin Searle I will send you a PM in a minute.

  • Alain Haug
  • Loading replies...