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Updated over 5 years ago on . Most recent reply
Foreign investors LLC or not
Hello all,,
My parents( no green card/permanent residence- yet)) want to invest in a rental property in PA- full cash.
1) Is it better to own it inside an LLC or under their own name?
They have no other assets in USA to protect, so I think its just easier to own it in their name. Am I correct?
Not sure if someone can come after foreign assets in case of lawsuit.
They have a bank account in USA.
Is this as simple as paying full cash- hiring a property manager and getting rent checks in their bank account?
Or is there more to this that I am not aware of
Thank you.
AK.