Engineer · rockville, MD · Member since 2016 · 82 posts · 15 votes
Let me say this BP is the best!, I have learned so much just by browsing through requests on BP, that i did not in last 5 yrs.
Now to my question, I am new to BP, and to real estate investing. My goal being to be a passive investor until i get my citizenship in US. As far as i have researched i should be able to form a LLC as a pssive investor and do all the operations under that roof. I want to know if there are folks here on BP that have been doing this and so what are the pit falls, and implications on tax and other legal issues.
Ho Santhosh, welcome to BP! This is a great place and I have been learning a lot in the few months I have been involved. It's been a long time back, We bought our first home when we were on H1. If you have your GC there should not be any problem. Get your llc and get going. PM me if you have any questions. All the best! - Kumar