Buying a second home in the USA, while based in the UK

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  • 08/04/2022 at 12:32 AM #120722 Reply
    Ketmerry

    I’m looking to diversify my assets into real estate. I’m based in the UK and interested in buying property in the US, specifically Florida with a view to renting the property at first.

    Then after a few a couple of years use the property as a second home, spending half the year in the US.

    Any advice would be helpful?

    08/06/2022 at 5:42 PM #120941 Reply
    Khalil

    Hi Ketmerry,

    Cash buyers won’t have any issues. In fact, thanks to new developments following Covid you can probably buy without having to visit Florida.

    You’ll get good rental rates on properties close to the attractions and plenty of property management services to welcome renters and keep the property maintained.

    If you looking to spend half the year in the US, you will need look at get a visa. The maximum stay under the ESTA (Electronic System for Travel Authorisation) visa waiver scheme is 90 days per visit.

    For stays up to 180 days you will need a B-2 visa. You can stay for a maximum of 180 days per entry (several times consecutively or at a time). These conditions apply to all visits until the visa has expired.  You have to reapply for the visa. It is still a tourist visa ie no employment, school, uni, or internships.

    I hope this helps

    Khalil

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