Taxes for foreigners

[Steve Vanderlay]

Hi BP community,

I am wondering how does property taxes work in US? I will be using a LLC when purchasing the property then have an Holding LLC as I will be thinking long term with multiple properties across various States.

From what I currently understand is that an LLC is a pass through entity so that income will pass through the first LLC onto the Holding LLC where the account advises how it will be treated for taxes i.e a S corp, C corp or other.

My question is the following:

- Is the Holding LLC the only/last entity where I will engage an accountant to file tax returns before distributing the income/profits overseas to my tax residence. What is the current tax rates for these Corps/LLC's

- Could there be another step when the Holding LLC could be owned by another offshore Corporation i.e. in the Caribbean's to minimise taxes?

- Are there State level taxes that need to be paid, if so when and how often?

Have I missed any other taxes that I should know about when conducting due diligence on the figures side of things to make sure the ROI stacks up.

Thanks

Steve