All Forum Posts by: TK Lewis

And on that note, as a buyer in California, make sure to get a form called "FIRPTA" (Foreign Investment in Real Property Tax Act) or "QS" (Qualified substitute) through escrow to protect yourself from the tax liability!

Please explain how acquiring those forms give you protection from tax liability?

Thanks.

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What's the answer Christian?

Thanks

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There are lots of CPA's over here: www.elance.com go there & get multiple quotes.
Verify their CPA association & ID before you hire.

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Originally posted by @Jacob Blackett:

@Allan L.

Thanks for the post. We commonly structure partnerships with foreign investors, like @Anthony He mentioned, you can definitely structure this in a way to avoid withholdings and any major complications.

Reach out anytime- PS when referring to returns on single family homes, just say cash on cash return (CCR)- avoid Cap Rate, that can get sticky

@Jacob Blackett

Plz PM me more info including costs.

Thanks,

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Originally posted by @Anthony He:

Allan,

I wished I'd see your post earlier. I just finished a round of funding from Asia, structured correctly you can avoid US withding taxes for your investors. Don't give up it is dooable.

Anthony He

@Anthony He

Please PM more info.

Thanks,

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Hi,

1. Purchase & Sale Contracts & accompanying legal documentation are unfortunately a NECESSARY PAIN in the ARSE!

2. To eliminate the hassle & onerous task of dealing with the above, I'd like to partner up with an attorney or a paralegal who's:

a. a property investor and b. has the legal expertise to take care of that part of the business, right up to closing the deal.

3. If you're interested? Please advise:

a. what Bar Association you're registered (this is to eliminate imposters) with?

b. what city & state your physical self is domiciled in? &;

c. please PM me your email & phone numbers.

Thanks in advance,

P.S Not sure if this is allowed? Admin plz delete if it isn't.

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All Forum Posts by: TK Lewis

TK Lewis has started 1 posts and replied 7 times.

Post: Taxes for non residents

Post: California State sales tax on property?

Post: Wholesaling and FIRPTA

Post: 8288-B Compiling my Tax returns for FIRPTA

Post: I have access to foreign investors. What would you do?

Post: I have access to foreign investors. What would you do?

Post: Attorney Wanted Must Be Savvy With Florida Real Estate Laws Etc