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Buy property in cash?

Posted: Tue May 23, 2017 3:36 pm
by JessK
Hello. Hope it is the suitable place to put my question. I'm curently living in Austria and planning to buy property in the USA. This article ... ales_5027/ perplexed me abit. Is the issue with buying in cash still relevant? The problem is I can't close the deal myself but my brother can be there no problem. If I pay by bank transfer can everything be arranged by proxy? Are there any special rules for translation of documets and so on. Looking forward to your advice. Thank you in advance.

Re: Buy property in cash?

Posted: Wed Jul 05, 2017 7:18 pm
by cobra2411
My off the cuff guess is that if you can reasonably show where the money is coming from you're fine. Also, if you're titling it in your name there's someone to address questions too. The article seemed to be about dirty money being laundered by buying real estate with it.