Start with the property and your profile
Before choosing an ownership structure, identify the property’s use, location and buyer. Ask an attorney about rules and restrictions that may apply to your situation. Do not assume every state, property or buyer has the same conditions.
Prepare your documentation
Ask which identification, proof of funds, income records or company documents your transaction requires. The list can vary by lender and loan type.
Review financing and closing
Compare the down payment, reserves, fees, term and approval conditions. Coordinate inspection, valuation and title review with your agent and closing team.
Include tax planning
The IRS guidance on FIRPTA explains withholding that may apply when foreign persons dispose of U.S. real property interests. Withholding should not be confused with an individual calculation of final tax liability. Discuss your case with a tax professional.
QLD can help you explore financing alternatives. Legal and tax advice should be tailored to your transaction.