Buying Cheap Investment Property in America as a Foreigner

[@NeverGetBoredTV]

Broo need more videos like this love em 😊

[@jujujonbitcoinisplanbcrypt9618]

Great content 👌👍thank you

[@StephenDuncombetv]

Thanks for that 😄

[@Moiparici]

Wow, great content!!! I just subscribed to your channel! Just a few questions. - How did you find the broker? - How can any of us, who are not into real estate find a good and reliable one? Thanks for sharing Stephen 🤗🤗🤗

[@forgotmyname11]

Smart as you wouldnt be able to get a mortgage there or not high ltv anyway. 950 rent for a 35k home is insane yield though. Literally 10x of western europes big cities

[@StephenDuncombetv]

You’ll need 2 years of tax returns to qualify for a mortgage in the USA. That one was done with seller finance 50% down, which helped leverage my cash.

[@KM-pq7sr]

@@StephenDuncombetv Hi Stephen, just wondering, now you've probably got more than 2 years tax return history in the US, what sort of LTVs are you able to get from lenders on Residential purchases and also Commercial?

[@rafaelcamposdepinho5088]

Hi Stephen, great video! I read in the comments that you're using an LLC. How do you deal with FIRPTA?

[@StephenDuncombetv]

There’s several ways. Speak to a good US accountant.

[@custardpie8101]

Do you have a US bank account? If not, do you use something such as WISE to manage movement of money from US to UK or vice versa?

[@StephenDuncombetv]

Yes I do. And use a transfer service ofx.

[@custardpie8101]

@@StephenDuncombetv How easy is it to gain a US bank account if owning US property but living abroad (UK)?

[@StephenDuncombetv]

@custardpie8101 super easy if you have an LLC and an ITIN.

[@mhermovsisyan515]

What legal structure are you using to invest in the US?

[@StephenDuncombetv]

LLC

[@KM-pq7sr]

Thanks Stephen, really helpful stuff here. I'm a fellow Brit looking at investing overseas in the US. So i'm interested in setting up a Company in the US, but the problem seems to be getting a business address (In the US) for the Company with mail handling etc so I can see important business mail coming in. Any ideas about that? Do you know any firms who offer that service?

[@StephenDuncombetv]

I use my accountant address. But I think from memory if you use someone like legalzoom they may also offer an address. Look for virtual office services in Google if not. Property managers also will do it for you.

[@nothingheretowatch7371]

which state is that?

[@StephenDuncombetv]

I tell you in the video 😀

[@ralucauk]

$34000 for a 4 bed house? 🤯 In London you can't even get a garage for that 😅