U.S. PROPERTY ACQUISITION AND MANAGEMENT
FOR OFF-SHORE BUYERS
WM Properties, Inc., San Francisco, CA
· Identify investment goals of buyer.

· Sign broker’s agreement and power of attorney (if needed).

· Obtain U.S. Social Security number of tax i.d. number for buyer (if needed).

· Establish U.S. bank account for buyer (if needed).

· Identify alternative properties for buyer’s review.

· Make offer(s) on selected property.

· Negotiate a purchase contract.

· Deposit $1,000 to $5,000 with escrow/title company.

· Conduct inspections of property.

· Identify lender and complete loan application (if needed).

· Increase deposit to 3% of purchase price.

· Obtain loan approval from lender.

· Execute loan documents and purchase documents.

· Provide final deposit instructions to buyer.

· Purchase the property.

· Establish operating budgets.

· Provide monthly and annual operations reports to owner.

· Secure new tenants, as needed.

· Construct capital improvements (if needed).

· Arrange for U.S. income tax returns (if needed).

· Sell or trade the property, as instructed by owner.