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Updated about 5 years ago on . Most recent reply
Norwegian investor looking too make it big in the USA
In Norway I am a smal time investor.
House hacking. Building two smal apartments in the basement. This will cover my mortgage.
Sold two apartments i renovated, made a decent profit.
Now I am renovating a house I bought with a friend. When we sell this I want to start a company that can invest abroad. Thinking of contributing 50-100 000,- as a down payment on my first property.
Sweat equity is great. But its time to scale things up a bit.
I am a Norwegian citizen, but I have an American social security number. Which might make thing easier.
My dad lives in Georgia, so my initial inclination is to invest there.
This would definitely be long distance investing, so I guess I should read the long distance real estate investing book by mister Greene.
Any advice on how to go about this would be great.
- 1.Register an LLC in the US, with my American social security number?
- 2. Finance the deal with a traditional loan?
- 3. Turn key or fixer upper?
- 4. Areas in Georgia that cash flow?
Most Popular Reply
@Joaquin Camarasa Does that mean everyone buying property in the US without tax returns are paying cash? I guess in theory I could get private money in Norway and pay cash, a bank would probably be reluctant to lend money for property in another country.