Michael Stone, REALTOR
Keller Williams The Marketplace I
When Canadian Investor hires a property management company , you will be required to fill out a W-8ECI from the IRS, but youâ€™ll need an Individual Tax Identification Number (ITIN), Social Security Number (SSN) or Employer Identification Number (EIN). To apply for a ITIN, you must file a W-7 along with your tax return.
Problem: You canâ€™t file a tax return unless youâ€™re paid income. Without a TIN, you canâ€™t be paid income. If youâ€™re not paid anything, you canâ€™t be issued a 1099, which is what you need to file income taxes. That means you canâ€™t get a TIN.
Canadian Investors establish an LLC (Limited Liability Corporation) which not only allows you to legally collect rent and declare it to the IRS but gives you greater tax savings, asset protection from tenant and personal lawsuits, a lower audit rate from the IRS and increased deductions. All for under $1,000.
David Cooper Investor and Licensed Buyers Agent 702-499-7037
I work with a lot of out-of-country buyers and would be happy to answer any questions you may have in regards to real estate or refer you to an escrow company.
You can contact me directly at 702-415-3692 or through my website at http://www.MyLasVegasRealEstateAccess.com.
The US immigration laws offer foreign investors in real estate several options for entering the United States, from short visits to permanent residence.
Temporary work visas allow stays in the United States of several years. The applicant must usually show active real estate operations, as opposed to passive holdings, in the United States in order to be eligible for a temporary work visa. The temporary visas most frequently used by foreign investors in active US real estate operations are the E-2 treaty investor visa and the L-1 intracompany transferee visa.
A treaty between an investorâ€™s country of citizenship and the United States is required for E-2 visa eligibility. A citizen of a qualifying country may qualify for an E-2 visa by making a â€œsubstantialâ€ investment in an active US enterprise that the investor will develop and direct. The law stipulates no minimum amount of capital necessary to qualify an investment as â€œsubstantial,â€ offering instead a â€œsliding scaleâ€ approach that compares an investmentâ€™s overall value and the amount of capital actually invested. Typically, at least $100,000 is required for E-2 visa eligibility.
David Cooper Investor, Licensed Buyers Agent http://www.lavegaswinner.org
David Cooper - Investor and also Licensed Buyers Agent
One Source Realty and Management
Cell - 702.501.0973
"A Nation of Sheep Breeds a Government of Wolves".
Know the Constitution & Bill of Rights.
Website - http://matthewsellslasvegas.las.mlxchange.com
Not only can you purchase from outside of the US , but it has become the norm. Many investors see the amazing values in the Las Vegas Real estate market. I specialize with International buyers here in Las Vegas. You absolutely can purcproperly there are many items that you need to understand prior to doing so. I have a full team of professionals that can assist you with everything you need to know.
2)Accountant that specializes in Foreign National guidelines.
3)A company that will set up your US company in order to avoid Federal tax issues.
4)Property manager that has everything online to make it easy for people that can't be here.
5)Banker to set up US accounts in order to proceed with a smooth transaction.
If you would like to go over all of your options please contact me at your convenience.
Wynn Realty Group
Please feel free to contact me via email at email@example.com for more details since I work with a lot of foreign investors and buyers
Good luck and Las Vegas real estate market is a great place to put your money in !!
Synergy Sotheby's International Realty
In fact I currently have 3 other Sydney-based clients. I reckon it is no problem :o)