Key Points:
- Launch Objective:
- Enable foreign investors to invest in and purchase US residential real estate in 30 days or less.
- Service Features:
- Online platform for easy access to the US real estate market.
- Eliminates expensive currency conversion fees and unpredictable exchange rate fluctuations.
- Establishes LLC and EIN for investors.
- Provides assigned agents and pre-approval letters.
- Opens US digital bank accounts for handling rental income, property taxes, and reducing withholding.
- Offers mortgage and refinancing options for up to 70% of the property’s value, based on property ROI rather than personal income.
- Process:
- Investors identify their ideal property through a real estate agent, mortgage broker, or turnkey provider.
- Waltz handles the entire closing process remotely (appraisal, inspection, title, insurance).
- Provides detailed trackers to monitor progress.
- Post-purchase management includes property managers, insurance, and tax advisory services.
- Availability:
- Service is currently available in nine US states: Alabama, Florida, Georgia, Maryland, Mississippi, North Carolina, Ohio, South Carolina, and Texas.
- Plans to expand to Arizona soon.
- Funding:
- Seed funding round of $11.5 million led by TLV Partners.
- Series A round of $12.5 million led by Aleph.
- Additional support from angel investors including Ofir Ehrlich, David Krell, Talmon Marco, and Eyal Lifshitz.
- CEO Statement:
- CEO Yuval Golan emphasizes simplifying the investment process for non-citizens.
- Aim to make real estate investment as straightforward as possible while managing compliance, legal, banking, and regulatory aspects.
- Founding Year:
- Waltz was founded in 2021 by Yuval Golan.
