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Updated almost 7 years ago on . Most recent reply

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Tim Luyten
  • Maastricht, Limburg
2
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1
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Investing in US real estate as a non-resident overseas foreigner

Tim Luyten
  • Maastricht, Limburg
Posted

Hi, 

I am willing to in US-based real estate, into addition of my European real estates I already own.
So I am not completly new to real estate, although the overseas investing seems to pose some unique challenges. I still believe it's doable, but also for my self it's a complete mindshift from what I've been doing before.

Currently I am in the proces of selecting a service that wil assist me in the creation of the LLC, which apparently I need as a foreign investor.

Although this step seems to be easy, other issues are poping up(although understandable).
- You need a business adress(included mail service), which is different from a registered agent

- Getting a bankaccount for the LLC as a foreigner wil be very difficult without being present in the US. This was clear to me after a few phonecalls with some banks as HSBC & Wells Fargo

I'll keep a detailed log of my endeavours & progress, but anyone that can give me some advice or help is welcome to do so.

Kind Regards,

Tim

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