PLEASE NOTE: The companies listed were provided by a collaboration of past clients who have utilized services. Should you decide to use any company listed herein, Jennifer Ciulla & RE/MAX Fine Properties makes no guarantees nor warranties of the quality of these resources. Jennifer Ciulla, RE/MAX Fine Properties and their associates are in no way compensated nor will be compensated for listing by any of the aforementioned companies. This list has been developed simply as a resource to utilize if you find it helpful but final determination is soley the responsibility of the customer.
Considering investing in real estate in the United States? There’s no better option than Houston. Wondering what the process is like? Here is your international investor guide. You will want to keep in mind the following when investing in property here:
A knowledgeable Realtor will be able to guide you to the neighborhoods and properties. We can also advise you as to local market trends. Note: real estate agents in the U.S. need to be licensed. In Texas, the agency responsible for licensing is the Texas Real Estate Commission (TREC).
There are many ways to structure your investment in U.S. real estate. Each structure has its advantages and disadvantages depending on your particular goals. It’s important to let your Realtor know what your objectives are. If your Realtor knows what you want to do with the property then they can advise you accordingly. So determine if you want to improve then sell or use the property for rental income.
Tax Implications for an International investor
Discuss with your accountant the possible taxation implications of investing in real estate. The Foreign Investment in Real Property Tax Act requires 10 percent of the proceeds to be withheld when foreigners dispose of real property in the U.S. Exceptions may apply for certain situations.