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Hi Miniman
Are you able to help me-I know I sound really green but
I am Australian and want to go the LA to buy a home, for me to live in.
My questions are:?
1. I can travel to US w/out a visa & stay up to 90 days and as long as I fly out when 90 days are up. As money is not a problem, I can literally fly back within 48 hours to start all over (it is a 12 hour trip each way).?
2. If I can prove I don’t need to work – show them my funds – are there any restrictions to the to time one can spend in the US?? Because if I fly over 3 times that almost 9 months that I am there. I am prepare to pay US tax if that tax implications come – although I as I would just be living there don’t know WHY they can tax me.
3. Somewhere in the back of my mind – 6mths seem to come up for Brits and Canadians. My hope to stay until I meet the man I want to marry. I have read blogs where retirees from the UK can buy homes in the US but only allowed to stay for 6 months. I reiterate I AM ABLE AND HAPPY TO PAY US TAXES so can you see any other problems for me?
4. HOW do I get my money to the US? – I will be ABLE TO PROVE it is not ill gotten gains or money laundering. Do I send it over in a BANK DRAFT or OVERSEAS TELEGRAPHIC TRANSFER
5. Importantly – I want to send over about 3m – is this a problem? What is the maximum amount I can send out of the country?
6. As an Aussie am I allowed to open a bank acc in the US WHILE I am in Australia? Because UNTIL I have purchased my house, I won’t have a US address other than the hotel where I would be staying. Or should I go to Citibank in Sydney and try to open an account in Los Angeles??
7. In the US does one have put a deposit in an US Law Firm to hold until settlement (as is required here in Australia)?
8. Settlement – if one’s funds are in place, HOW LONG does it take for a purchase to be fully settled? Trying to figure how long I will have to stay in a hotel before I can move in.
9. LASTLY, as it will be my home do I need an LLC? I note that most celebrities in Los Angeles buy their own home through a Trust.
Will truly ppreciate any advice or knowledge you can provide me.