Investment & Investor Visas in the USA

Process of Purchasing Property in the USA:

Locating with BRBF Solutions expertise:

  As BRBF Solutions LLC, we include in our portfolio residential properties located in the best school districts of Upstate NY, where high-profile individuals reside and which generate high rental income.

Finding a Realtor with experienced consulting firm BRBF Solutions:

  We complete your transactions securely and smoothly through our expert realtors experienced in international real estate transactions. All our realtors are professionals with successful sales and positive references. We hold your money in escrow accounts in American banks in your name until the transaction is completed, and we do not pay the property owner until all transactions are concluded.

Start the Process with BRBF Solutions:

   - We protect your interests with a Buyer Representation Agreement. This agreement ensures that your realtor will protect your interests and guide you through the property search process.

   - In the USA, usually, the seller pays the commission for both the buyer’s and seller’s realtors. This means there will be no additional cost to you other than the consulting and attorney fees payable to BRBF Solutions. (Legal fees, attorney and appraisal fees, and other charges are paid separately by you)

- When you decide to buy a house, we will provide you with a detailed fee breakdown regarding all costs and processes. This way, you will not face any surprises regarding the total cost.

Property Tax Status Check:

   - Local Tax Rates: Property tax rates vary depending on the area where the property is located. We will provide information about the current tax value of the chosen real estate.

   - Additional Tax Obligations: There might be additional tax liabilities on rental income or profit from property sales. Tax returns are filed at the end of the year, and Federal and State tax payments are made to the respective authorities. Check our service fees for filing tax returns.

House Hunting Process:

   - As BRBF Solutions, we have a portfolio consisting of houses in areas with high rental yield. If you decide on one of the houses in our portfolio during this process, we provide you with all the necessary information free of charge.

Making an Offer:

   - In the United States, houses are listed at the asking price and are put up for auction, and interested individuals make binding offers to the property owner through a real estate agency. Therefore, market research is one of the most important steps. BRBF Solutions and our partner realtors will provide information about the sales prices of similar properties and guide you in making a price offer, thus protecting you from the risk of overbidding.

Ensuring the House Checks Out:

   - Professional Inspection: We work with professionals who will check the structural condition of the house, electrical and plumbing systems, roof, foundation, and other critical areas, and provide you with a detailed report. If major issues are identified, we use these to negotiate a discount on the sale price or repairs with the seller.

Signing the Purchase Agreement:

   - Contract Details: The sale price, closing date, and other important terms should be included in the contract. We work with expert lawyers to ensure the contract protects your rights and includes every term in your favor.

   - Generally, a deposit of 5-10% of the sale price is paid, and this amount is held in an escrow account until the sale is completed.

As BRBF Solutions, we obtain the title report on your behalf and inform you about any existing encumbrances or liens on the property and take necessary precautions before making payment to the Seller.

  If there are any encumbrances or mortgages, we ensure the Seller pays off all liens and debts before making payment.

As BRBF Immigration Solutions, we protect you against risks with title insurance, which provides protection against risks not identified in the title report, such as claims by third parties against the property. Title insurance requires an additional cost but provides protection against potential legal issues.

The seller signs the deed showing the transfer of ownership to you. After the deed is notarized, it is recorded at the local government office, and thus the property officially becomes yours.

As BRBF Solutions, we handle the closing for you and send you the deed.

Purchasing Timeline:

- Cash vs. Mortgage: Cash payments are usually completed faster, while the mortgage process can take longer and require additional documents.

This information serves as a basic guide for Turkish Citizens considering purchasing property in the USA. The characteristics and requirements of each step can vary depending on the individual situation and the area where the property is located. Therefore, it is important to seek guidance from expert firms like BRBF Solutions at every step.

Real Estate Investments in New York State: A Detailed Look at Taxes and Revenues

New York State is one of the most popular real estate markets in the USA. However, it is important to be informed about the costs and returns of owning property here. This section will provide information on the average property tax rates and taxes on rental incomes from properties in New York.

1. Property Tax Rates:

   - Property tax rates vary by municipality. In New York City, the average property tax rate is around 0.88% of the property's value.

   - However, this rate can vary in areas outside the city.

2. Tax Assessment:

   - Properties are assessed by the municipality at certain intervals, and this assessment is used for tax calculation.

   - High property valuations usually mean higher tax liabilities.

Rental Income and Taxation:

1. Taxation of Rental Income:

   - In New York, rental incomes are subject to federal and state income taxes.

   - Rental income is added to the property owner's total income and taxed at this total rate.

   - Federal tax rates on rental income vary according to annual income and can range from 10% to 37% (the tax rate increases as annual rental income increases).

2. Deduction of Expenses:

   - Property owners can deduct expenses related to the maintenance, repair, and operation of the property when calculating their net rental income.

   - These expenses include property insurance, maintenance costs, property taxes, and management fees.

When making a real estate investment in New York State, both property taxes and taxes on rental incomes can significantly affect the return on investment. Therefore, considering these factors and planning accordingly before making an investment is important. The complexity of real estate investments in New York requires understanding local market conditions and tax regulations. As BRBF Solutions, we simplify all these processes for you and offer transparent and understandable portfolio management services.

Pricing:

The consulting and advocacy fee from the decision to purchase a home to the completion of the purchase is priced at 5% of the value of the purchased property. This fee is paid upfront when the contract is signed and the offer for the house is accepted, and no refund is possible if you decide to withdraw from the purchase. (Please read our contract carefully before starting your transactions and make the right decision)

After the purchase process, services such as renting out the house, maintenance and repairs, eviction of tenants, communication with tenants, tenant insurance, opening a bank account for rent deposits, and appointing an attorney if needed are priced at a monthly fee of $100. All expenses for the services mentioned above are paid by the property owner to the service providers, independent of the monthly service fee.

Choose your house in America now!

Contact us!

The prices mentioned above can vary depending on the value and square meters of the purchased house and the individual or firm providing the service. These prices are approximate.

Services included in the BRBF Solutions consultancy fee:

-BRBF Solutions application fee

-BRBF Solutions consultancy fee

-BRBF Solutions file management

-Translations of documents into Turkish

-Postal Fees

-BRBF Solutions attorney fee