Are is Alowed foreigh people to buy property in usa
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Are is Alowed foreigh people to buy property in usa
I am from Macedonia and I am interested for buying some property in the U.S. I never been there and I don’t have US visa, etc. I do not have a criminal file. I have few apartmans and houses here in Macedonia I rent the apartments here, I work here I have restaurant and I like to buy somethink in the other country. Is alowed foreight people Macedonians to buy apartmens in the US?
Asked on March 10, 2016 under Real Estate Law, Alaska
Answers:
M.D., Member, California and New York Bar / FreeAdvice Contributing Attorney
Answered 8 years ago | Contributor
Yes, someone from a foreign country can purchase real estate in the U.S. That having been said, there are numerous of legal matters to be dealt with. For one thing, you would need an Individual Taxpayer Identification Number (TIN) which you would use for the tax ramifications of your transactions. There are other factors to be taken into consideration as well. Frankly, if you are considering buying a U.S. property, you should hire a real estate attorney to assist you through the process. They can review the sales contract, check on the title and related documents, as well as look over any financing documents that you may need. Additionally, they can help with tax questions or at least recommend an accountant who can. You can find one on-line. Look for a lawyer who work in the state in which you want to purchase a property.
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