As broker, what potential pitfalls should I be aware of when a non-US citizen buys US commercial real estate?

In Buying Property - Asked by Neil B. - Jan 26, 2009
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Answer(s)

Glen W.
Lender/Mortgage Broker
Atlanta, GA

Financining for non-US citizens is difficult if not impossible without at least a green card. If they are paying in cash, you should be okay.

Jan 27, 2009
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Nicolas B.
Owner/Investor
Rancho Santa Fe, CA

Difficulty to obtain financing for a non-US citizen.
Beware of the tax withholding at the sale.

Feb 1, 2009
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Chris S.
Broker/Agent
Coeur D'alene, ID

Financing.
Foreign investors can get financing if:
FULLY document their income
Posses a visa for entry into the United States
File a US Tax Return
Do not have diplomatic immunity
Continuous employment for past 2 years
Apply as a joint applicant with US Citizen
Have excellent credit (700+)
Those are the basic guidelines from our local lender.

Feb 6, 2009
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