Tax Structuring for Non-US Residents

[Ryan N Lacida]

Hi Bigger Pockets,

I'm based in Central Florida and new to BP. I, along with my partners, have formed an LLC and bought our first investment property here in Florida. My partners are Cayman Residents and in need of Tax Advise as to how to structure the LLC in a Tax efficient manner. Planning to treat the LLC as a partnership where I will sit as a GP and create another Blocker LLC Corp that will be treated as an LP. The Blocker LLC Corp will house all my Cayman Partners. Wondering if there is any other legal way of minimizing double taxation for my Cayman Partners. Not a Tax Expert. Appreciate any ideas from this group.

[Basit Siddiqi]

How much money do you plan to generate from this rental and do you plan to get more in the future?

How does the cost of the blocker corporation weigh to their tax obligations?

If the foreign tax obligations is $500 and the cost to file the C-Corp is $1000.
It may potentially not be worth it.

How does the cayman islands tax rental income from the US?