I am a foreigner who is initially interested in buying a couple of properties for renting them out.

Asked by Sijal Aziz, Orlando, FL Tue May 14, 2013

I want to start this as a small business by establishing a US company and making purchases under it and running the rental business. Is it possible to do this and how do I go about doing this?

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8
Suzanne Brown, Agent, Oakland, FL
Sat May 18, 2013
This is exciting! Please contact me and we can shop together for a good deal to get you started finding a decent property in order to generate income.
Suzy
0 votes
Alan Martin, Agent, Orlando, FL
Tue May 14, 2013
no problem. I help folks like you every day of the week. I have done what you want to do and can show you the way. I have helped countless buyers with the same objectives as you so please take advantage of my expertise . call 407 832 4888 or e mail alan@frontlinefloridarealty.com and go to http://www.frontlinefloridarealty.com
0 votes
Gloria Gibson, Agent, Orlando, FL
Tue May 14, 2013
There are many real estate agents available on Trulia. You should pick one and get started.
0 votes
Julie Carber…, , Saint Cloud, FL
Tue May 14, 2013
I am a Property Manager - I help investors make money renting properties - I'd be happy to help you. I have an accountant that can set up a corporation if that is the best way but you should also talk to an insurance company (I can give you a number for them too) because if you have an LLC there are limiits on the liability insurance.

Julie Carberry
407-709-9969
JulieRents@aol.com
0 votes
Jose De Leon, Agent, ORLANDO, FL
Tue May 14, 2013
Good Afternoon Sijal Aziz,

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
Call/text: 407-923-6763
E-Mail: TopFLRealtor@gmail.com
0 votes
Jonathan Sch…, Agent, Lake Mary, FL
Tue May 14, 2013
We would be more than happy to help you with finding a great tenant and managing the property.

The Management Fee which is 10% of the rent per month
The Leasing Fee which is ½ of the first month’s rent.
Lease Renewal fee of $150 when the tenant’s lease expires and we re-execute a new lease (hopefully for a higher rent amount!)

We don’t charge any Advertising fees while the property is vacant, and we don’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.
Best regards,
Jon


Jon Schaffer, Property Manager/Realtor
All County Sterling Property Management
Office: 407-674-5601 Ext. 5
Fax: 407-674-5631
E-mail: jschaffer@allcountysterling.com
http://www.allcountysterling.com

"The finest compliment I can receive is a referral"
0 votes
Don Shippey, Agent, Orlando, FL
Tue May 14, 2013
Hello,
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.
http://www.OrlandoRealtyOnline.com

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
Broker Associate/REALTOR
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
Cell 407-925-2318
Office 407-857-7600
Fax 407-857-1100
donrshippey@gmail.com
http://www.OrlandoRealtyOnline.com
0 votes
Omar McDonal…, Agent, Orlando, FL
Tue May 14, 2013
It is easy... give me an email and we will get the process started. omar.flbroker@gmail.com
0 votes
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