FAQs From International Investors
Do you have to be a citizen to buy real estate in the US?
No, you do not have to be an American citizen or a legal alien to purchase real estate in the US. The United States real estate market is open to anyone interested in investing.
Do I have to register an LLC?
No, although the majority of our investors choose to do so. It is best to discuss this option with an attorney.
Would I have to pay any commissions?
No. Commissions are paid by the seller, not the buyer.
How long does the closing process take?
The closing process takes 30-45 days.
Should I get a “Warranty Deed?”
Yes, always get a Warranty Deed. This will guarantee that you receive a clear title.
Can I back out if I do not receive a clear title/deed?
Yes. At the end of the title process, the seller should provide you with a clear title-deed. If they fail to do so, you can back out.
How much will a title company charge?
The services if a title company should cost about three to five percent of the total purchase price.
Will I have to open a US bank account?
No, you do not have to open a US bank account.
How much will it cost to register a business in the US?
It should only cost about 600 dollars to register a business in the US. Any attorney can help you.
Will I have to declare my income?
Yes. You will be required to declare income generated by US businesses. Any Certified Public Accountant can help you.
What form do I use to declare income?
IRS Form 1042-S is used to declare income.
What are the US income tax rates?
The US income tax rates vary and are applied on a sliding scale starting at ten percent on incomes up to 8,350 dollars and over 35 percent on incomes in excess of 372,950 dollars.