Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 3 years ago on . Most recent reply

User Stats

3
Posts
5
Votes
Walter Mosley
5
Votes |
3
Posts

Expat Rental Chaos!!

Walter Mosley
Posted

Please be patient with me. First time on the board, I was googling things looking for answers and the forum kept appearing over and over. Decided I needed to jump in here and learn some things. Happy to be here!

 My scenario is complicated to me and causing me great stress and my wife things everything is fine. (Please side with me)

We currently file married but separate. We currently live in California and plan to move to Colombia early 2022. We bought three single family homes for rentals in Ohio and did not setup an LLC or anything. We're not sure how to best setup things tax wise for our departure.
Were hoping to shield as much revenue as possible from the IRS while still filing correctly and doing things the right way. 

File three separate LLCs, with us both attached to each of them? Or file two with myself and just one under her.

Do a series LLC with us both attached?

Should the LLCs be in Ohio or California?

Do none of it and just file our taxes normally?

I feel so lost!

Most Popular Reply

User Stats

6,603
Posts
6,948
Votes
Bjorn Ahlblad
#5 Multi-Family and Apartment Investing Contributor
  • Investor
  • Shelton, WA
6,948
Votes |
6,603
Posts
Bjorn Ahlblad
#5 Multi-Family and Apartment Investing Contributor
  • Investor
  • Shelton, WA
Replied

@Walter Mosley welcome to BP! Regardless of whatever responses you get here you really need an accountant with REI experience to guide you and help organize your finances-do a search on here. LLC's if you want them can be anywhere; Wyoming and Delaware are popular. Change your domicile too since you are going to Colombia. All the best!

Loading replies...