It is a little complicated since you don't have a US Social Security Number. The government will take 20% of profit upon closing. Also if you make a Corporation it would have to be a C-Corp, (S-Corp is for US Residents) and you will also be taxed 20%. Feel free to give me a call or e-mail me and I can explain in detail how the process works and tailor my advice to what your future plans are.
I am a Foreign Investors agent in the Central Florida area and have clients from all over the world (Canada, Peru, Dominican Republic, Cuba, England) I have dealt with your situation several times and can take you step by step through the process to help you find properties very quickly.
Talk to you soon!
Jose De Leon - Realtor
The Management Fee which is 10% of the rent per month
The Leasing Fee which is Â½ of the first monthâ€™s rent.
Lease Renewal fee of $150 when the tenantâ€™s lease expires and we re-execute a new lease (hopefully for a higher rent amount!)
We donâ€™t charge any Advertising fees while the property is vacant, and we donâ€™t mark up the cost of any repair work and no up front fees. Email me and I will send you a copy of our Owners Info Guide that will give you some more information too. You can also view our website at : http://www.allcountysterling.com
Please email or call if you have any question.
Jon Schaffer, Property Manager/Realtor
All County Sterling Property Management
Office: 407-674-5601 Ext. 5
"The finest compliment I can receive is a referral"
I specialize in working with foreign buyers of rental properties. I have an attorney who also specializes and sets up corps and LLC's for my clients. I also have accountants and property managers who work mostly with foreign owners.
Take a look at my website and click Canadian Buyer.
It still applies if you are not Canadian. You will find the attorney I recommend and a lot more. Feel free to contact me.
Thank You !
Don Shippey, CDPE, REO, SFR
Certified Distressed Property Expert
Short Sale Foreclosure Resource
Certified Military Housing Specialist
Certified Professional Property Manager
RE/MAX Properties SW
6985 Wallace Road
Orlando FL 32819