Do you need to be a U.S citizen to rent or flip a property?

[Jasraj Singh]

I want to invest in the U.S and just wanted to know that do you need to get U.S citizenship to rent or flip a property in the U.S? and can I get a mortgage or loan for investing in U.S without being a citizen there?

[Basit Siddiqi]

@Jasraj Singh

Foreign investors can invest in US real estate. There are just some things you need to be mindful of.

How will the rental income be treated to you?
Will the income be considered ECI(Effectively Connected Income) or FDAP(Fixed, Determinable, Annual, Periodic)?

Is there a Tax treaty between the United States and the country you live in?
Are you investing directly in your own name or through an entity?
If you invest through an entity - what is the best structure.
If you invest through your own name or through an entity - do you need to apply for an ITIN(Individual Taxpayer Identification Number)

If you sell the property - there is potential FIRTPA(Foreign Investment in Real property Tax Act) concerns.

Work with professionals to make sure you are compliant.