All Forum Posts by: Ryan N Lacida

Thanks Basit for your inputs. Our thought process is that we will be holding and renting the property for approx 5 years and then sell it where the future capital gains taxes will outweigh the cost of setting up blocker corp. Again, our knowledge around these tax structuring is very limited and wanted to gather information before we finalize anything. 

Thank you Ben. I sent you an email. Looking forward to speaking with you.

Hi Bigger Pockets,

I'm based in Central Florida and new to BP. I, along with my partners, have formed an LLC and bought our first investment property here in Florida. My partners are Cayman Residents and in need of Tax Advise as to how to structure the LLC in a Tax efficient manner. Planning to treat the LLC as a partnership where I will sit as a GP and create another Blocker LLC Corp that will be treated as an LP. The Blocker LLC Corp will house all my Cayman Partners. Wondering if there is any other legal way of minimizing double taxation for my Cayman Partners. Not a Tax Expert. Appreciate any ideas from this group.