Investing on a temp. visa/Tax benefits possible w/out an LLC?

[Liam Barnes]

Hi BP!

Was listening to Podcast 162 all about tax advice, guest Amanda Han said that for investors adopting a BRRRR or Buy and Hold strategy (>1 year) there really is no tax advantages to holding your properties inside an LLC - which is great for me because as a long time US resident on a temporary visa I can only be a passive investor in an LLC which I open (meaning I cant play any active role in the company).

QUESTIONS Id love to hear from anyone in the know on.....

If I were to invest and work with a partner, Is it possible to resort to using legally binding agreements (rather than an LLC for myself) to decide how profits etc are split up?

And, Can I still write off some business expenses related to my investments, e.g. business travel.?

Thanks all