Questions on Investing from Abroad as a Foreigner in MD

[Pablo P.]

Hi all, 

I have some basic questions with regard to start investing in US (MD) real estate as a non-US citizen from abroad. My budget is around 150k and I like to start in Baltimore buying a property for long term rental.I would be interested in hearing from those that have already had an experience using a CPA with experience creating tax structures for buying property as non resident in Maryland. 

1. In order to create an LLC, should I get an ITIN or EIN Number? how long it takes to get? If I plan to travel there to choose the property should I get all these and bank account opened in advance? can it be done online?

2. Any experience working with a CPA that build the tax structure for foreigners buying real estate in MD? What are the tax implications? Is there anything else apart from income tax, inheritance tax and 10% withholding tax?

Thanks in advance!

[Russell Brazil]

@Natalie Kolodij or @Linda Weygant could probably speak to the tax issues.

As for investing in Baltimore from out of the area, dont do that.