@Lea Hong, because both of you are not US citizens it is very important for FIRPTA withholding issues that the property stay in a domestic LLC. 

Originally posted by @Hong Tran:I recently bought a duplex.

Back before Hong Kong reverted back to Chinese rule in 1997, a lot of money flowed out of there into Vancouver, BC, Canada, to buy hundreds, maybe thousands, of properties sight unseen for way over list price.

It was purchased by a foreign investor in Hong Kong who asked my investor/mentor to flip the property for her.

Hey @Kyle Hong Ping Not too sure on the answer to your question but wanted to say hi and thanks for jumping into the forum!

Thanks Damien Shoemake Aaron Yates Jimmy Hong everybody for the responses.

Thanks @Jimmy Hong.

I remember in 2007 I had a money market account paying. 5.5% APY, today the best money market rates is 1% APY if you are lucky.This is probably why all the americans are jumping into real estate as the top money market rate is 1% at best, but you don't want to put all your eggs in one basket and researching and doing your homework is essential..One of the Hong Kong analysts I respect and follow thinks that the dollar is headed for a 10% appreciation.

Hello all, I have a friend who is a US citizen living/working abroad (Hong Kong) and wants to invest in US real estate.

"In 2013, for instance, a Hong Kong woman paid $6.5 million for a two-bedroom in the tallest residence in New York, One57, for her daughter so she’ll have somewhere to live when she gets into Columbia, Harvard or NYU, she told her agent.