Best Strategy moving money from Puerto Rico To U.S.

[Joseph Loprete]

Ok, so definitely not looking for legal advice here....But...

I know someone who has sold a business in Puerto Rico (7-figure sale) and is looking to move that money to the United States permanently. What would be the best strategy to do so avoiding unnecessary taxation.

Thanks! 

[AJ Wong]

Premium RE, high COC return like a luxury STR or small balance multi family could be a good partial anchor.

[Aaron T.]

you looking for a vehicle to reinvest it or just wire from bank to bank?

[Joseph Loprete]

Quote from @AJ Wong:

Premium RE, high COC return like a luxury STR or small balance multi family could be a good partial anchor.

AJ,
Would any U.S. real estate purchase be acceptable for this type of transaction? Would there be a capital gain tax to pay from the sale of the PR business once the U.S. real estate was purchased?

[Joseph Loprete]

Quote from @Aaron T.:

you looking for a vehicle to reinvest it or just wire from bank to bank?

 Aaron - 

Looking for the best strategy to move the money from PR to U.S. whether that be a trust/RE/ or any other creative way to avoid a huge tax hit.

[Aaron T.]

Quote from @Joseph Loprete:

Quote from @Aaron T.:

you looking for a vehicle to reinvest it or just wire from bank to bank?

 Aaron - 

Looking for the best strategy to move the money from PR to U.S. whether that be a trust/RE/ or any other creative way to avoid a huge tax hit.

 We wire money on occasion from the US to PR and vice verse. no tax implications for moving money. or we also use US banks for PR income. It really all transparent to the banks. In PR when I take out large amounts they ask me what its for, I usually tell them to **** off its none of their business. my wife is more diplomatic. she tells them for "just in case for hurricanes". 

[Joseph Loprete]

Quote from @Aaron T.:

Quote from @Joseph Loprete:

Quote from @Aaron T.:

you looking for a vehicle to reinvest it or just wire from bank to bank?

 Aaron - 

Looking for the best strategy to move the money from PR to U.S. whether that be a trust/RE/ or any other creative way to avoid a huge tax hit.

 We wire money on occasion from the US to PR and vice verse. no tax implications for moving money. or we also use US banks for PR income. It really all transparent to the banks. In PR when I take out large amounts they ask me what its for, I usually tell them to **** off its none of their business. my wife is more diplomatic. she tells them for "just in case for hurricanes". 

 Very Nice, Thanks Aaron!