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Updated almost 5 years ago,
Foreign investors join a local guy to form an LLC
Foreign investors have troubles if they buy properties under their own name. Hard to get loans. The 30% withholding tax. etc.
How about Join a local investor and form an LLC? Each hold some share of the LLC, and buy properties with the LLC's name. Local guy can personally guarantee loans.
Anybody tried that and what's the pros and cons?