All Forum Posts by: Jordan Sinclair

Not at all. We are on BP afterall. This is the place to make  connections.

Hi Diogo, my experience in OH may help you. My CPA said to opt for the 871(d) election on the 1040NR for various tax benefits. In doing so, any rental income is "effectively connected with a business in the US". 

More info here: 

https://www.irs.gov/individuals/international-taxp...

I can also say that in my experience, you have to file federal, OH state and city returns as a non-resident.

Hi James, 

I don't know if any companies assist you with BRRRR, but it's just a matter of making connections. Next thing, you have boots on the ground and you can partner on deals.

Some may say that's easier said than done, but I suggest talking to investors who have been in the same boat and go from there.

Good luck!

 The Midwest states such as Ohio may work with your strategy. 

This reduces to 15% for tax treaty countries like Australia. 

Yes I do. 

I decided to set up an LLC but it's not always necessary. It depends on the type of property deal you are seeking.

Hi Yonatan,

To keep matters simple, some investors like to establish their LLC in the state they will invest in.

The US has very few (if any) restriction on foreigners buying property.

Hi Nicholas, with regards to a foreign owned SMLLC selling a property. Does the owner have to report any 'paper' loss from the sale on their individual tax return in their country? Furthermore, should any 'paper' losses from the rental income be reported yearly on the foreign country individual return? 

Thanks in advance

Hi Garth and Tamara, 

Welcome to BP!

I invest in the US from Australia as I don't see potential in local deals.

Good luck on your future endeavors! 

Hi Ben,

Depending on how much profit you have to distribute, some investors just add LLC members to streamline matters.