U.S. PROPERTY ACQUISITION AND MANAGEMENT
FOR OFF-SHORE BUYERS
· 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
· Make initial deposit with escrow/title company
· Conduct inspections of property
· Identify lender and complete loan application (if needed)
· Obtain loan approval from lender
· Execute loan documents and purchase documents
· Provide final deposit instructions to buyer
· Purchase the property
· Establish operating budgets and value enhancement plans
· Provide monthly and annual operations reports to owner
· Secure new tenants, as needed
· Design and construct capital improvements (if needed)
· Arrange for U.S. income tax returns (if needed)
· Sell the property when investment goals have been met
· 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
· Make initial deposit with escrow/title company
· Conduct inspections of property
· Identify lender and complete loan application (if needed)
· Obtain loan approval from lender
· Execute loan documents and purchase documents
· Provide final deposit instructions to buyer
· Purchase the property
· Establish operating budgets and value enhancement plans
· Provide monthly and annual operations reports to owner
· Secure new tenants, as needed
· Design and construct capital improvements (if needed)
· Arrange for U.S. income tax returns (if needed)
· Sell the property when investment goals have been met