How Blockchain Simplifies Cross-Border Real Estate Investing
When it comes to cross-border real estate investing there are many hurdles to overcome, one of those hurdles is having the right connections and contacts overseas, the other is having hundreds of thousands in cash that you can put down on an investment property. Without cash and connections–it’s almost impossible to find a cross-border investment property.
According to the North American Association of Realtors most all cross-border transactions happen through a known contact in the US. If you don’t have a contact already or don’t know anyone in the US, chances are you won’t ever find the right investment property. It also helps to have some contacts that can help assemble the right team of bankers, lawyers, and real estate brokers to guide you through the process.
It’s well known fact in the investment community that you need to understand the legal and tax implications of investing cross-border, a good attorney can help you setup the right entity and prepare for (FIRPTA) Foreign Investment in Real Property Tax Act of 1980 Income tax withholding and other taxes that you will be responsible for.
It’s difficult enough to have the right connections in a foreign country, not to mention the fact that you will need to have lots of cash if you want to get into the game. You either pay with 100% cash or you already have a VISA and you get financing through a US bank. Generally, the only investors with a VISA in hand that are able to get US financing are those already living in the US that are sponsored by a US employer. Rarely do you see other types of financing through cross-border transactions.
Because most people don’t have hundreds of thousands of dollars in cash it makes it almost impossible for them to invest in cross-border real estate transactions. Lack of cash, combined with lack of U.S. connections, hinders millions of people from Tapping into cash flow producing properties and capital appreciation.
The solution is blockchain
The good news is that investors won’t have to face the challenges above with RealtyReturns.io. Through the RealtyReturns online platform investors will have more accessibility to US real estate than any other point in history– with a simple point and click interface investors can choose the type of asset they are interested in and invest in smaller fractions of real estate using only 2 ETH.
Investors no longer have to have the right connections and hundreds of thousands of dollars in cash when investing in US cross-border investments. With more transparency and a real estate team with decades of experience people can go through RealtyReturns platform directly for their next investment. With low minimums of only 2 ETH, investors can diversify more than ever before.
Democratizing global access to investment grade commercial real estate using the blockchain. Visit RealtyReturns.ioa nd join our Telegram group https://t.me/realtyreturnsglobal
Trevor Whiting
VP, Investor Relations
RealtyReturns
Experienced Sales Leader of over 14 years and has started offices in London, Toronto, and the US. He was VP of Investor Relations of RealtyMogul where was responsible for revenue growth, sales operations, and growth initiatives. Under his leadership, he developed a sales playbook that resulted in 2x growth.
