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How It Works

From first conversation to monthly rental income. Foundry runs the process.

Foundry Property Group sources new-construction rental homes, builds the legal and financial infrastructure around the investment, places professional management, and stays accountable for the outcome. The investor makes the investment decision. Foundry handles everything around it.

The Process

Five steps from initial conversation to income-producing asset.

Buying US rental property as an international investor typically means coordinating across multiple companies you have never worked with, in a country you may have never visited: a real estate agent, an attorney, a title company, an entity formation service, a bank, a property manager, and a CPA. Foundry Property Group handles all of these steps through a single operator, with vetted providers already in place in Houston, Dallas-Fort Worth, and Tampa Bay.

Foundry operates differently. We have already built the relationships with every service provider in the process, in every market we operate. We have vetted the title companies, the closing attorneys, the insurance providers, the property managers, and the CPAs. We form your LLC and operating agreement directly. When you invest through Foundry, you are not assembling a team from scratch. You are stepping into a system that was built specifically to deliver new-construction rental property to overseas investors, and Foundry is accountable for how that system performs.

The timeline from initial conversation to first rental deposit is typically 60 to 90 days for completed inventory and 120 to 180 days for properties under construction.

The investment lifecycle

You select the property and fund the purchase. Foundry builds the infrastructure around the investment and is responsible for how it performs.

01

Initial Consultation and Property Selection

We start with a conversation about your investment goals: target budget, preferred market, risk tolerance, and whether you are an individual investor or a property group placing multiple clients. There is no obligation and no fee at this stage.

Foundry sources new-construction inventory directly from builders in each market. We negotiate the pricing, select the communities, and build the financial projections before a property ever reaches an investor. You choose from properties that have already been vetted. Every option comes with a detailed breakdown including purchase price, estimated monthly rent, projected gross and net yield, operating expense estimates, and comparable rental data from the submarket.

What You Receive
Property specification sheet, financial projection, submarket rent comparables, builder warranty details, community overview
Timeline
1 to 5 business days from initial inquiry to property presentation
02

Entity Formation and US Banking

Before closing on a property, Foundry establishes your US investment structure. This includes forming a limited liability company (LLC) in the appropriate state, drafting and filing the operating agreement, obtaining an Employer Identification Number (EIN) from the IRS, and setting up a registered agent.

We then facilitate the opening of a US bank account for your LLC. This is the account where rental income will be deposited and from which property expenses will be paid. The investor retains full control of the account at all times.

What Foundry Handles
LLC articles of organization, operating agreement, EIN application, registered agent setup, US bank account facilitation
Timeline
7 to 14 business days for entity formation. Bank account timing varies by institution.
03

Property Acquisition and Closing

You fund the purchase through your US entity. Foundry runs the closing process through title companies and closing attorneys in each market that we have already vetted and worked with on foreign-national transactions. You are not sourcing these providers. Foundry has already built those relationships and knows which firms can handle international closings without delays or compliance issues.

Foundry coordinates between the title company, the builder, and the insurance provider to keep the closing on schedule. Every property is delivered as new construction with a builder structural warranty, typically covering the structure for 10 years and major systems for 2 years. There is no renovation, no deferred maintenance, and no inspection surprises.

What Foundry Runs
Title coordination, closing timeline management, property insurance setup, builder warranty transfer, HOA enrollment if applicable
Timeline
30 to 45 days from executed contract to closing for completed inventory
04

Property Management Placement and Leasing

Foundry places every property with a management partner that we have already vetted in the local market. We do not manage properties directly, but we are accountable for who does. Our PM partners are selected based on specific performance criteria developed from years of operating residential property at scale. We know what good management looks like because we have done it ourselves across thousands of properties.

The PM partner handles tenant screening (credit check, employment verification, rental history), lease execution, rent collection, maintenance coordination, and monthly owner statements. If a management partner is not performing, Foundry addresses it or makes a change. The investor does not have to diagnose management problems from overseas. That is our responsibility.

PM Services Included
Tenant screening, lease execution, rent collection, maintenance dispatch, monthly financial statements, annual 1099 reporting
Typical PM Fee
8 to 10 percent of monthly collected rent, depending on market. Accounted for in all Foundry projections.
05

Ongoing Reporting and Portfolio Growth

Once the property is tenanted, you receive monthly statements detailing rent collected, any maintenance expenses, and net income deposited to your US account. Foundry monitors property performance and market conditions on an ongoing basis.

At tax time, Foundry puts you in front of a CPA from our network who specializes in non-resident US tax filing. FIRPTA withholding obligations (15 percent of gross sale price upon disposition) are addressed upfront so there are no surprises when you eventually sell. When you are ready to add a second or third property, the entire system, your entity, your bank account, your management relationship, is already built. Scaling is a phone call, not a rebuild.

Ongoing Reporting
Monthly income statements, quarterly market updates, annual tax referral coordination, FIRPTA planning
Portfolio Scaling
Additional properties can be acquired under the same LLC or a new entity, depending on your tax strategy. No new setup required.

Typical timeline

From initial inquiry to first rental deposit. Timelines vary based on property availability and construction status.

Phase 1
Week 1
Consultation, property selection, financial review
Phase 2
Weeks 2-3
LLC formation, EIN, registered agent, bank account facilitation
Phase 3
Weeks 4-8
Contract execution, title, insurance, closing
Phase 4
Weeks 8-12
PM placement, tenant screening, lease execution, first rent deposit
What You Need

What international investors need to get started with Foundry.

There are no residency or citizenship requirements for purchasing US investment property. You do not need a US credit score or a US mortgage. Here is what you do need.

1
Investment capital
Minimum approximately $220,000 for a Houston property, $250,000+ for DFW, varying by specification. Most Foundry investors purchase with cash through their LLC. Financing options exist for foreign nationals but require larger down payments (typically 30 to 40 percent).
2
Valid passport
Required for LLC formation, EIN application, and bank account setup. This is the primary identification document used throughout the process.
3
Proof of address in your home country
A utility bill or bank statement dated within 90 days. Required by US banking institutions as part of the account opening process for foreign nationals.
4
Ability to wire funds to a US bank
The purchase is funded via international wire transfer to the title company or to your US LLC bank account. Foundry provides wiring instructions and coordinates with the title company to ensure a smooth transfer.

Process questions

Specific questions about how the Foundry investment process works.

Can I buy US property remotely without visiting the United States?
Yes, the entire process can be completed remotely. LLC formation, bank account setup, contract execution, closing, and property management placement are all handled without requiring the investor to be physically present in the US. Documents can be signed electronically or via notarized power of attorney depending on the state and title company requirements.
Which state should I form my LLC in?
Form the LLC in the state where the property is located. For Foundry properties, this means Texas or Florida. Both states have no state income tax. Forming in the property state avoids the cost and complexity of registering a foreign LLC in a second state. Foundry handles the full formation process including articles, operating agreement, EIN, and registered agent.
What happens if my property manager is not performing?
Foundry addresses PM performance issues directly. If a management company is not meeting expectations on response time, tenant communication, maintenance handling, or financial reporting, Foundry steps in. If the problem cannot be resolved, we transition the property to a different management partner in the same market. The investor does not have to diagnose or manage PM problems from overseas.
What is FIRPTA and how does it affect me?
FIRPTA requires the buyer to withhold 15 percent of the gross sale price when a foreign person sells US real property. This is not an additional tax. It is an advance payment toward your US tax liability on the sale, and any overpayment is refundable when you file your return. Foundry addresses FIRPTA planning at the beginning of the relationship, not at the point of sale, so there are no surprises.
Do I need to file US taxes as a foreign property owner?
Yes, foreign nationals who earn rental income from US property must file a federal income tax return annually. The rental income is taxed at graduated rates after deducting operating expenses, depreciation, property taxes, insurance, and management fees. After these deductions, many investors owe little or no federal tax in the early years. Foundry connects every investor with a CPA who specializes in non-resident filings.

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