my friend in India wants to invest in USA (purchase a house). he doesn’t have any visa status in USA. can he make any investment, if yes then can you propose a way. my friend wants to keep the investment for his children who might come to USA to study.
Why the hell would you want to own property in a country you can’t enter?
Airbnb I guess?
He should buy reit.
“Friend”
Probably more worthwhile investing in countries like Portugal/Austria that offer a visa for investment.
Caribbean islands have citizenship deals with ~$200k investment in property.
Yes as long as you’re not on the terrorist list or from a country tied to terrorism, you’re free to invest your money in the US. Good luck getting a mortgage though. He will need to pay cash. It would be easier to just buy shares in a REIT.
Taxes both directions and taxes again when selling. It doesn’t seem worth it.
What? You don’t get taxed on moving the money. Only on the profits...
Does he plan to live in the US?