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Updated over 15 years ago,
Living In California rental Investing Nationwide
I am currently living in northern California and I'm working on some deals to get into rental property ownership. I already have a LLC that i used to flip properties that was incorporated in Delaware.
Now I want to buy and hold some nice sized rental units for the cash flow like i said i live in California but I'll buy anywhere i can find the right size and prices.
Once I get these properties and have proper management in place I will also be leaving the country quite often to go work on some other things in Asia.
My question is how can i set this up to have all the income going into a new corp or whatever that allows me the least amount of taxes while I'm in America and over seas without getting double taxed in America then probably taxed over seas.
I understand that the advice given will be needed to be verified by and attorney or something but I just need somewhere to get started and I'm sure someone in here can help me with that.
Owen