Invest international money in Real Estate

Invest international money in Real Estate

Lender · Memphis, TN · Member since 2017 · 14 posts · 6 votes

Hey,

So my parents have some money to invest in the US (rental properties) but they don’t live in here. So the questions would be:

1. If they bring the money to the country, will they have to pay taxes on it?

2. Can they buy cash and put the property under their names?

3. Can they open an LLC if they don't have a immigration status in the country?

Thanks for all your help

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  • Rental Property Investor · Glen Rock, NJ · Member since 2015 · 3k+ posts · 2k+ votes
    7y

    @Santiago Mejia

    Yes, your parents will have to pay taxes here. You should consult with someone who is ideally an attorney and international tax expert.

  • Real Estate Broker · Coppell, TX · Member since 2011 · 5k+ posts · 4k+ votes
    7y

    I would say YES to all of those.

    They will have to pay US tax on the income.

    No tax that I know about just to bring money in....to invest.

    They have to pay capital gains taxes when they sell.

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