Do I need an ITIN for wholesaling from overseas?

[Scott Willoghby]

Hi, I'm planning another trip to the USA this year, and will be specifically looking for property to wholesale during my trip.

At this stage I'm not looking to start an LLC until I've completed several deals.

Could someone please advise if I'll need an ITIN or TIN for the escrow agent/Title company to release funds to me when the transactions are complete?

Thanks.

[Sharad M.]

Hi @Scott Willoghby 

If you are looking to do back to back closings, then the title company will need ITIN or EIN at the closing to report to IRS. I work with some overseas investors and they have used this company:

http://www.filingsmadeeasy.com/

I don't have any affiliation with this company, but they work with a lot of overseas investors in getting EIN set up for them.

You might be better off getting an LLC set up as it's easy and inexpensive and will also make getting EIN set up easier.