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Updated 11 months ago,
Off-shore investment properties (Aruba)
Does anyone here own property overseas? My siblings and I are interested in partnering to purchasing single family vacation rentals in Aruba. However, I am unsure as to what the best type of entity would be to set that up (from a personal liability and tax liability stand point).
I've been investing in real estate locally in the U.S. for over 10 years, but this is something new for me. I've looked online quite a bit but haven't been able to get a firm answer. I spoke with a couple of attorneys who supposedly were familiar with off-shore purchases, but turns out they were both (what are the odds?) just selling a product (that I had no interest in).
Any help is greatly appreciated!
Also, it you own vacation rentals in Aruba, I'd love to hear about your experience! (especially financing, this is becoming a big hurdle also).