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Owning a home after returning to my home country

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  • Owning a home after returning to my home country

    Hi all, I currently own a home in the USA but thinking of returning to my home country soon. Obviously I would lose my visa, SSN etc.. but ideally I would want to keep my home, maybe as an investment or renting it out. A few questions came up with this:
    - can I still own a home remotely?
    - if I rented the place out, I assume I would need to file tax reports every year as usual, because it’s an income. But I wouldn’t have any SSN or ITIN at that time. How does that work?
    - can I keep my bank account? How often do banks re-check SSN existance?

    Has any of you done something like this? Would love to hear opinions.

    Thanks

  • #2
    Originally posted by snailteaser View Post
    Hi all, I currently own a home in the USA but thinking of returning to my home country soon. Obviously I would lose my visa, SSN etc.. but ideally I would want to keep my home, maybe as an investment or renting it out. A few questions came up with this:
    - can I still own a home remotely?
    - if I rented the place out, I assume I would need to file tax reports every year as usual, because it?s an income. But I wouldn?t have any SSN or ITIN at that time. How does that work?
    - can I keep my bank account? How often do banks re-check SSN existance?

    Has any of you done something like this? Would love to hear opinions.

    Thanks
    Once you have a SSN it never goes away or get's invalidated. you will need to file taxes as a non resident, the banks so far as I'm aware don't check on SSN validity(not that it matters cause you never lose a SSN) unless you're first opening a bank acccount
    This is strictly an opinion and should not be misconstrued as legal advice. The use of this information is strictly at your own risk.

    -Krypton9591

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