Overseas Investors FAQ's. Q. What are the tax implications of owning US property? A. Since you will be making money in the US, the IRS will tax you on your income. However, we strongly encourage overseas investors to seek the aid of a tax accountant to help you avoid unneccesary tax pay-outs. If you would like our assistance finding a qualified tax accountant, and you are already a client of WNY Realty LLC., we can introduce you to some of our closely guarded resources. Q. Do you have someone from my country that I could speak with?A. Our Company has established relationships with seasoned investors in Australia, New Zealand, and UK. Upon request, we can give you their contact information and they would be happy to provide invaluable insight about the process as an overseas investor. If you live in a country other than those listed above, and are connected with a larger group or network (~20+), please contact us. We are open to the idea of forming new strategic alliances with investors from around the globe. Q. I don't have a social security number, how do I buy US property? Do I need a US tax ID number?A. In order to purchase US property with WNY Realty LLC., all you need is a tax file number from your country. A US tax ID number is required, however, for you to sell property, or to re-finance your property. If you would like assistance setting up a US Tax ID #, please contact us. Q. The exchange rates aren't that great right now, can you forward my profits at a later date? A. WNY Realty LLC are able to forward you your profits on a monthly, quarterly, or annual basis. However, when purchasing High Cash Flow Properties you will be required to transfer a 500US deposit within 72 hours of clicking "Buy Now" or/and end of the auction, and the final remaining balance within 30 days, regardless of exchange rates. |
WNY Realty LLC - Niagara Falls Real Estate Investments - specializes in High Cash Flow Properties, Real Estate Investing, Tax Foreclosure and Bank Foreclosure Property Sale, creative Real Estate training, Real Estate Sales and Rental Management. 