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Boldwealth Property Management

Bold Wealth

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FAQs

Can foreigners purchase real estate in the USA?

Yes, foreigners can purchase property in the USA without having a residency.

Why Invest in Real Estate in the USA?

The United States is the world’s largest economy, and economic growth generally continues steadily. This increases the likelihood of real estate investments appreciating in value. Additionally, the U.S. stands out in every aspect due to its reliable and stable real estate market, its welcoming attitude towards foreign investors, its laws that provide 100% security, and its more systematic and easier-to-navigate structure compared to other regions of the world, particularly Europe.

Why should I make my real estate investments in America with BOLD?

BOLD Wealth Management is a leading real estate consulting firm based in Atlanta, GA (USA), specializing in personalized real estate investment strategies aimed at maximizing our clients’ savings and financial growth. Our team is experienced in property acquisition and portfolio development, with a track record exceeding $50 million in mixed-use, residential, office, retail, and commercial real estate development and property management. Our priority is to support you throughout your real estate journey as you seek the perfect investment.

Is buying real estate in Atlanta an attractive investment?

Starting with Atlanta, a world-famous city, the increase in real estate and rental prices in many cities across the country is boosting investors’ profits. Additionally, the potential for rental income in foreign currency, combined with the current financing options for property purchases and government tax incentives, makes real estate investment quite attractive. The United States is the largest economy in the world, and economic growth generally continues steadily. This increases the likelihood of appreciation in real estate investments.

What services does Bold Wealth Management offer? How can Bold Wealth Management maximize the return on my investment?

BOLD Wealth Management offers a comprehensive range of professional real estate services, including investment consulting, new development projects, purchase/sale/renovation of commercial/residential projects, commercial agency services, property management, investment-related legal/financial/accounting/mortgage/insurance services. Our talented team is dedicated to helping you maximize the sales potential of your real estate and efficiently manage your portfolio.

What is the rate of return Bold Wealth Management provides on my investments? What is the annual rental yield? How do these rates change in Turkey and Europe?

Although it varies by province and district in Turkey, the rate of return on your investment in TL varies between 20-25 years. The value of your real estate is decreasing in dollar terms. In the projects determined by Bold Wealth Management experts in the USA, the return period in dollars is calculated as 10-12 years. Considering the depreciation of TL, the investment return period decreases to 8-10 years. In your investments with Bold Wealth Management consultancy, your real estate will gain value in dollar terms. If your goal is to generate passive income, the rental increase rates in Turkey are below the inflation rate and your rental income is decreasing over the years with inflation.

Does Bold Wealth Management help with development and renovation projects?

Yes, we provide consulting and management services for development and renovation projects. As a leading wealth management company, we collaborate with leading construction firms and project developers in and around Atlanta to offer a diverse, high-quality real estate selection to suit a variety of budgets and preferences. In addition to our partnerships in the US, we have established solid connections with individual investors from different countries.

What risks can I expect when investing in real estate in the US?

Market fluctuations, potential changes in property values and rental income are the main risks.

How much to invest in the US with a budget?

Contrary to common belief, it is possible for mid-budget investors to own property in the USA. With budgets close to real estate in Istanbul, Atlanta, US property ownership is now much closer. A down payment of only 25%, coupled with low interest rates, despite recent increases, makes loan payments for home ownership similar to paying rent. For guidance on making a profitable real estate investment in the US, please consult our experts. The BOLD Wealth Management team consists of experienced professionals from various real estate advisory firms with a mid-sized portfolio.

Can you get residency or citizenship by investing in real estate in the US?

Investing in real estate in the US does not directly entitle you to citizenship, a Greencard or residency. However, showing that you have invested in the visa application process can provide you with some advantages. You can contact our business partners who provide consultancy for issues such as residency rights etc.

How does the process of buying real estate in the US work?

Purchasing and selling real estate in the US is a complex and sophisticated process. However, with proper guidance and comprehensive preparation, the process can be streamlined and result in a satisfying experience. The buying and selling process includes 1-Finding a property to purchase 2-Signing of the purchase agreement and depositing Earnest Money 3-Inspection of issues and problems, if any, related to the property 4-Signature of title deed transfer 5-Turnkey delivery and receipt of the title deed. As Bold Wealth Management, we make the purchasing process easy, transparent and easy to access by taking these steps together with you.

Is it required to come to the US for real estate transactions?

No, you do not need to come to the US. With our professionals in Atlanta and Istanbul, we handle and follow the entire process on your behalf. You complete the necessary signatures electronically or through notaries at the consulates.

What are the documents required to purchase a house and what is the minimum amount required for investment?

To invest, it is sufficient to have a valid ID or passport and tax number. All signing procedures are carried out electronically. With our various credit options, the initial investment amount is 20% of the price of the property to be purchased. For non-credit options, we have options starting from $80,000 for investment purchases. For more details, please contact our professionals.

Does it make more sense to buy real estate in the name of an individual or a company? What kind of support do you provide for company establishment and subsequent taxation?

If you make personal purchases, you may not be eligible for some of the tax benefits available to companies. You will have to come to the US to open a bank account. If a company is established, we can do this on your behalf. We provide all the necessary support for the establishment of the company, obtaining the tax number and opening the relevant bank account. After the establishment of the company, you will be able to deduct some expenses that our financial advisor will inform you.

Can I use a mortgage? What kind of financing options are available when purchasing real estate?

Owning property in the US is easier than in other countries thanks to mortgage deals. Many people who want to own property in the US prefer to pay mortgage payments instead of rent. Since mortgages are long-term loans, installment payments are close to rental payments. You can use mortgages for investment properties by meeting the requirements of credit institutions for mortgage loans. Our partners of financial experts can offer you loan options from $200,000 to $20,000,000. These options range from small lending institutions to large banks. Your eligibility and loan amount will be evaluated based on your income, expenses, credit scores, property type, and the banks’ lending criteria. BOLD Wealth Management provides an introductory service only and does not charge any fees for this service. Feel free to contact us for more information. We can also help with various options such as conventional mortgages, investor loans and sometimes seller financing.

What are the requirements for an investment mortgage?

You should have a certain amount of savings that can cover the down payment amount of the house plus 6 months of mortgage payments after the purchase, and the rental income of the house you will buy should be at a level that can cover the mortgage payments.

What are the documents required to determine my source of income if I want to use a mortgage loan?

An applicant who is not a US citizen can obtain an ‘overseas mortgage’ in the US. However, in order to do so, he/she will have to agree to an application process that will convince lenders with a down payment and 6-month reserves that are clear from where they were obtained. The fact that this money has accumulated in the account over a period of time, rather than all at once, will make the source of the money more credible.

How can I transfer my money from Turkey to the US to pay the amount?

You can transfer the money from your bank account in Turkey directly to the trust account of the attorney who will perform closing via SWIFT, or you can transfer the money to your own account opened/to be opened in the USA and then transfer it by wire transfer from there. Before the closing day, it will be sufficient for you to submit the draft Alta Statement that the closer will provide to us to your bank for money outflow permissions.

How much is the real estate agent commission and consultancy fee? Who pays these fees?

As BOLD, we do not receive commission from our clients for project/real estate purchases. Instead, our commission is paid by the construction company/seller who makes the sale. As BOLD, our priority is to support you throughout your search for real estate for investment.

Is the deed registered in my name? Do you share the official deed?

Yes. The property you buy in the US is registered in your name or in the name of your company. All legal processes related to the home buying process are followed by our company attorney. After your deed is issued in your name, it is delivered to the address you provide within 7 days by mail and approximately 2 months later, you can make an online inquiry of your deed registered in your name on the website of the relevant county.

After I buy the property, do I have to keep coming to the U.S. for matters related to my property?

When you work with Bold Asset Management, you don’t need to come to the US for any transaction. We and our reliable business partners take responsibility for all the transactions you will need, such as leasing, renovation, tax declaration, etc.

What is property management and how much does it cost? Does Bold Wealth Management also offer property management services?

The whole set of services that includes processes such as listing the property you have purchased, finding a tenant, checking the credit of the prospective tenant, preparing and signing the lease agreement with the tenant and ensuring that the communication with the tenant after the rental is carried out smoothly is called property management. For these transactions, we provide services with our professional staff with our Bold Property Management company. You can benefit from these services for your existing properties or the properties you will buy with us. Please contact us for our rates. At BOLD, our team of professionals is dedicated to ensuring that you get the maximum benefit, whether you want to buy a property for investment, sell your existing property at the best possible price, or renovate a property for a profitable return.

When do I collect my first rent when I purchase an investment property? Is the rent deposited in my bank account?

After you receive your deed and key, we immediately list your property for rent and you will start earning rental income after signing the lease agreement in about 2-3 weeks. And your rent is deposited into your bank account between the 1st and 5th of each month.

How much tax will I pay on my rental income at the end of the year? Will I pay this tax in the US or in Turkey?

Bold Wealth Management follows this process on your behalf. If the house you buy falls into the income tax bracket, we inform you of the amount of tax you need to pay through our accountant. All fees required in this process are included in the agreed real estate management commission fee. In accordance with the “Double Taxation Avoidance Agreement” signed between the USA and Turkey, you do not have to pay the tax you have paid in the USA again in Turkey.

What is the annual rent increase in the US?

Annual rent increases in the US vary by region and market conditions, but have averaged between 3% and 5% in recent years.

What will I do if my rent is not paid? Do you provide legal assistance? How long will it take to evict and re-lease?

If the tenant is delinquent in rent payment, we first make our legal notices. If he fails to pay despite the notice to pay, we initiate the eviction process. This process is finalized in a short time like 2-3 months in the US. We are very careful in tenant selection. As Bold Wealth Management, the process of finding a proper tenant is conducted diligently by our team. We examine the tenant’s credit score, criminal record and previous rent payment history to eliminate concerns. While searching for a tenant for your home, we not only analyze the documents, but also conduct face-to-face interviews with the tenant. After this process, we approve or deny the tenant. At the same time, we require the tenant to have renters’ insurance, which the tenant will pay for himself, in case of any damage to your home.

What should I do if I want to resell the house? How long does the sale process take?

You can sell your house to anyone you wish. First of all, you need to sign a purchase and sale agreement and submit it to closing attorney. The buyer has to pay closing costs. You will also pay the commission of real estate agents. If you wish, as Bold, we can sell the house you decided to sale by adding it to our own portfolio. This sales process takes an average of 1 month.

What is the role of Bold Wealth Management in the real estate sales process?

As BOLD, we play an active role in marketing, finding buyers, offer management and completing sales transactions.

How much does it cost to purchase and sale of a property?

The cost of the transaction varies according to the price of the property. There is also a closing cost and if you do not have a tax number, you will need to obtain one. As BOLD, we inform you about these figures in advance when you buy your real estate. There is no room for surprises at BOLD.

How much tax is due on the resale of the purchased property?

The amount of tax payable on the sale of a property in the US varies depending on many factors, including the length of time the property has been held, the type of property, the state in which the property is located and the income level of the owner. We recommend consulting a tax advisor to make accurate tax calculations and take advantage of exemptions.