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Updated over 10 years ago,
Learning to buy in USA from Croatia
Unfortunately I see that this part of forum is not so active as rest of the forum.
Since I am new i don't know is this a good place to ask questions, but since I am in Croatia this sub forum looks OK. I just hope that people are reading this.
If I am starting to investing in USA properties, in the beginning it will for sure be cash only investing, and currently I am interested in property for renting. So questions that I have are:
1- Are good property managers able to do all things for me regarding everything about real estate? That includes even buying in my name? I am asking this because of option to not even see property before buying. (Maybe some J/V is option?) I am aware that this is maybe tricky idea, but I still believe in people! :) (trust & honesty).
2- Does anyone knows or have suggestion what is better for me regarding ownership of property. Is it better to buy in my personal name or better option is for me to make some LLC?
3- Question about tax. Example: If I eventually buy property for 50 000 $ and sell it for 1 year for 60 000 $, how much tax there is to pay. I am not asking for specific amount of tax but more in way is there difference when I sell it on first year, second..., in which state property is etc.
4- Since this are not only questions that I will have in future, is it better to make new topic for every question or set of questions or all in this topic? For me sounds reasonable to have all in one topic since could also help other foreign people.
Thank you very much for reading this and for help.
-Roni
P.S. Sorry for mistakes, English is not my native language.