All Forum Posts by: Jasraj Singh

thanks a lot man for the advice! I really appreciate it! As I'm just starting could you help me with some tips for cashflow? like when to buy and what is the right time or location to buy a property in? this would be really helpful

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I want to know if buying a property in a specific city or a place how to analyze the economy or market there before buying a property?

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I want to know If buying a property how to find out if there is a good chance of appreciation in a property or place?

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Originally posted by @Ryan Evans:

Originally posted by @Jasraj Singh:

Originally posted by @Ryan Evans:

You can buy properties without being a citizen, plain and simple. As far as citizenship and visas, you should be talking to an immigration specialist, not a bunch of random real estate investors. But there's no reason to wait and see properties in person, you just have to run things differently. People buy properties every day that they've never seen in person.

But I'm new to this don't you think I should go there check the neighbourhood, crowd, property etc myself cause otherwise how would I be able to learn the business and I don't know anyone there and it's a little difficult for me to trust someone I don't know so don't you think it's better for me if I move there and talk to the lender myself? let me know

It's absolutely going to be more difficult for you. We would all prefer to be able to invest in our backyards, but that's not often possible so you just have to work around it. You have no choice but to trust people in this business, but you mitigate your risks by verifying and holding people accountable. For example, not paying contractors until the work is completed and verified by a third party.

You don't have to move full-time, but it will definitely help if you can visit whatever market you're going to invest in, if just for a weekend.

Right! Thanks a lot for your advice man!

really appreciate it!

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Originally posted by @Michael King:

I'm an immigrant. As others said, cash is King. You can buy with cash without being a citizen or lawful permanent resident (LPR). All you need to do is follow the law with respect to how you are legally allowed into the country (and how long you are permitted to stay each time you're allowed in). I used to know this Irish girl who had a house in Florida; she would leave to Mexico every 3 months, for the day then return.

The path to citizenship is a longish one, but there are many different ones that you would need to investigate.

Once you have resident status (LPR), you can start building credit, once you have credit history, you can get a loan. I came on a student visa, then changed status to a fiance visa. That allowed me to get a work permit, then things just started falling into place - like a very slow, long, drawn out Tetris game.

Alright! but I'm new to the country and I don't know anyone there so it'll be a little difficult for me to trust someone ( lender, PM, contractor) I don't know and don't you think it's better for me to go there and check the properties and neighbourhood myself and move there before investing I know it'll take time but I'm still a little confused so do you have any suggestions? let me know

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Originally posted by @Ryan Evans:

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Originally posted by @Charles Carillo:

@Jasraj Singh

There are several lenders that focus on lending to foreign investors. They usually require 25%-35% down but they will allow you to start investing with leverage and increasing your returns.

Thanks a lot! can you tell me how can I find them? and there is one more thing and that is if I apply for work visa and assume I got it still after 6 months I have to come back here and even I extended it for another 6 months eventually I have to come back here cause I think we can only do this once in 5 years so I wanted to ask is there any other option in which I can stay there for a longer period of time and work?

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Originally posted by @Whitney Hutten:

@Jasraj Singh You should just be able to talk to PMs or look it up online :)

Alright thanks a lot again!

really appreciate it!

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Originally posted by @Jordan Sinclair:

Originally posted by @Jasraj Singh:

Originally posted by @Account Closed:

Originally posted by @Jasraj Singh:

Originally posted by @Account Closed:

Originally posted by @Jasraj Singh:

Originally posted by @David M.:

@Jasraj Singh

https://www.investopedia.com/articles/investing/091616/6-things-foreign-buyers-us-real-estate-need-know.asp
Try the above link for some basic info. In short, if you need financing, it will be tough unless you have an appropriate visa to be in the country. As cash being king, cash is fine. Either way, you'll have US taxes to deal with when you go to sell or are even renting.

As for staying in the property, certainly its your so you can do what you want. However, without the appropriate documentation you won't be let into the country to stay there...

Perhaps... if you partnered with somebody and created a legal entity like a LLC (I forget if they allow foreign owners) or C Corp, you could more easily invest. Obviously, that gets much more complicated. But, I am guessing thats a way to have a US based legal entity make the purchases while its shareholders are foreign nationals. Again, discuss with a professional or two about your options.

Thanks a lot for your advice! sure! I can defer taxes using 1031 but the main thing I want to figure out is about living there and you it may take 5-6 years for asians to get citizenship and after then he/she can start investing.

appreciate it!

Lots of Canadians who are not US Citizens buy properties in the U.S.A. Asians are welcome too. Lots of Chinese buy in Seattle, San Francisco, L.A. and New York. The rules are in flux at this moment because of Covid-19 but they will relax again soon enough. I highly recommend you visit the property of find someone you trust who can do that for you and send you a video walk through so you know what you are getting.

That's a great idea and I really appreciate it! but I think it's better to go there and check the property myself cause I don't know anyone who's living there and for that I think I really need citizenship.

You can visit the U.S.A. on a 6 month Visa without being a citizen.

https://www.path2usa.com/usa-v...

USA Visitor Visa is a
non-immigrant US visa issued to people entering America temporarily for
business (B-1), or for pleasure/medical treatment (B-2). These are
generally issued for a period of six months, but an additional maximum
extension of 6 months can be granted based on the USCIS approval.

That's great1 But how many times can someone do this? I mean is there any limit?

Depending on the visa, you may stay for up to 6 months each visit over a period of 5 years.

I have personally invested in the US without citizenship nor visa status. I am eligible for ESTA. With that said, it is also possible to invest without visiting the US in person.

Alright! thanks man!

really appreciate it!

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appreciate it!

You can visit the U.S.A. on a 6 month Visa without being a citizen.

https://www.path2usa.com/usa-v...

That's great1 But how many times can someone do this? I mean is there any limit?

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All Forum Posts by: Jasraj Singh

Jasraj Singh has started 33 posts and replied 294 times.

Post: How to find out that a property is going to appreciate or not?

Post: If buying a property how to analyze a market or a place?

Post: How to find out that a property is going to appreciate or not?

Post: Do you really need to be a citizen in U.S to start investing?

Post: Do you really need to be a citizen in U.S to start investing?

Post: Do you really need to be a citizen in U.S to start investing?

Post: Do you really need to be a citizen in U.S to start investing?

Post: Can somebody tell me what exactly is a refinance?

Post: Do you really need to be a citizen in U.S to start investing?

Post: Do you really need to be a citizen in U.S to start investing?