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Answers (9)
- ConnieK_Oklahoma
- Contributions:2900
Yes you can, funding and selling are the difficulties. it gets more complicated for you if you are dual citizens- more complicated on the Aussie side when you go to sell. So don't just check here, check with some others in Austrailia on special considerations (more about the selling than the buying). I had a couple a few years ago that were Aussies and I don't remember the specifics - they were dual citizens working here as visiting professors, when they sold and returned to Austrailia it was a heavy hit on income tax and on the house...so, while zillow is a good resouce for answers you want to get some end to end information -not just the part about buying in America. Good luck to you.
- Linda Strasberg, "L Strasberg"
- Contributions:2316
But of course, why couldn't you? What's the budget?
- Marina Gulakova, "Marina Gulakova"
- Contributions:566
Yes you can. What you DO want to look out for is the process of renting and selling. If you are a foreigner and hire a property management company to handle your house, then you'll be automatically charged 30% (i believe that's the correct number) of gross rent as an income tax every month, same goes when you are selling the property- you'll be automatically charged 30% for taxes. However, you do get to file income taxes at the end of a year and could get the money back, it all depends on the circumstances. Please consult with a CPA for further clarification. Hope that helps! Financing a house for foreign investors is a little more complex but possible.
Marina Gulakova
...selling dream homes
CERTIFIED NEGOTIATION EXPERT
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Realty One Group
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"If you want to look like a genius in 5 years; buy all of the Las Vegas Real Estate you can NOW" – Larry Murphy ~ SalesTraq
- Kara Woods, "Kara Woods"
- Contributions:1
Of course you can, at the firm I work with we specialize in International home sales. At Palace Properties International, we are trying to connect the rest of the world with our beautiful beaches.
Contact me with any questions about international home purchases.
Contact me with any questions about international home purchases.
- Endre Barath, "Endre"
- Contributions:96
This is not as difficult as everyone thinks. Ideally there are many ways of doing this. One is to establish US Credit, if time permits. If that is not an option than heaftier down payments will work with certain conditions. There or other ways as well. If you are interest please contact me directly.
- S. Chris Webb, "PHX AZ RE BROKER"
- Contributions:411
No problem if you have cash. If you need financing, that's another story. Yes there are funds for foreigners last time I checked, however there's a few rules - including the property has to be owner-occupied, no multi-unit housing or condos, and the interest rate and down payments are higher. Cash is king!
- Joel Fletes, "JoelFletes"
- Contributions:171
YES! United States is mostly owned by foreign investment
- Alex Kursman, "Alex Kursman"
- Contributions:13
Yes you can.....It will have to be with cash. There ar no loans available for non residents. It will also take a few weeks to get you money into the US. So keep that in mind when funding your escrow account. The best thing to do is to open a accout here in the US and fund that account early and closing will be much eaiser.
- wetdawgs
- Contributions:26854
US allows purchase of property by non-residents. The difficulty is finding a way to fund the purchase.
we are Australian citizen ! Can we buy an established house or fouflex in the US ?
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