You can definitely purchase if you have the available funds, or if you qualify for a mortgage loan.
You can apply and receive a tax identification number (TIN) and have the property in your name, and a social security number is not required.
Upon resale, you will have taxes withheld via FIRPTA. If you contact an account and do your taxes correctly, you can receive some of that money back, depending on the income gained during the resale of the property. FIRPTA withholds 10% during the resale.
Also, check what the laws are in your country about buying foreign property; there may be some restrictions of their own.
I can help you with all of your real estate needs; I often work with foreign buyers and sellers, mostly investors, from around the world. Please, call or e-mail me to further discuss how I can help you.
Mark D Fleysher, MBA, Broker, REALTOR
The Jack Conley Realty Group
The only restriction on foreigh nationals is when you get ready to sell property. You then may be subject to the Internal Revenue Services Foreign Investment Real Estate Tax Act better known as FIRPTA in which the buyer of your property may be required to withhold a portion of the sale to pay tax on the profits. The theory being you made the money in the US, so you would owe the related taxes to the US. If at the time you sell, there is a profit and you find yourself subject to it, you would then need to apply for an ITIN number.
You do not need a social security or ITIN number to make the purchase.
I work with many foreign nationals who are investing or buying vacation homes in Las Vegas. If you'd like my assistance, please give me a call or send me an email.
If interested, please give me a call or send me an email.
Realty Executives of Nevada
1903 S Jones Blvd, Suite 100
Las Vegas, NV 89146
You will want to talk with a US real estate attorney and a CPA.