All Forum Posts by: Suvir Salins

That's great news Tiffany. Thanks for the share.  

Hi @Lara Chinarro

I'm a current investor with Ohio Cashflow.  I've just helped another BPer invest with them.  He had read my review and PMed me and I was able to answer his questions.  Happy to help you out too if you'd like.  I know I had a lot of questions when I first started and was lucky enough to connect with a current Ohio Cashflow investor who was able to answer my questions.  Feel free to send me a colleague request.

Hey Al,

I'm from Sydney and started investing in the US at the beginning of this year.  Congrats on joining BP! I found it an invaluable resource in my investing journey. I've learnt a lot over the last year which I'd be very happy to share with you. Feel free to send me a colleague request and we can swap contact info to further the discussion. Please see my review of the turnkey company I invested through to learn some more of my story. I had a great first investing experience and continue to do so. I was able to do it all remotely. I've since helped several other Aussies join this TK company all with good results. Look forward to chatting soon.

https://www.biggerpockets.com/forums/92/topics/185...

Kind regards, Suvir

Lance do you know where the 871 (d) exemption is entered?  I heard from another Aussie investor that this was missed on their return but don't remember which form this is on.

We have another LLC which has myself and my wife as members/managers/owners. Again I believe we'll have to do a 1040NR and 1040 with sched E. But I take it there will also be a 1065 required, is that right?

Hi Lance. Thanks for the reply. Sorry I made a mistake in my description of the structure. I'm the manager of the LLC while the Trust is the only member and owner of the LLC. I'm the director of the trustee of the trust. Thanks re confirming that the 1041 is not filed for foreign trusts. That's what I thought.

The 3520 seems to only be for US persons interacting with a foreign trust so that won't apply to us.

Hi BP Community.  I have a CPA but there seem to be a few questions around which tax return forms to file regarding my particular situation.  So I thought I'd put it out there to see if the BP community could bring some clarity to the situation, especially if your an Aussie with the same setup or a tax specialist who understands non-resident requirements.  

We have a LLC which is owned by our Australian family trust. I'm the LLC member/manager. The LLC has an EIN. Our primary business is real estate investing.

Come tax time our understanding is that we'd file a 1040NR.  Also believe we have to complete the 1040 schedule E for the RE investing.  Is it correct that given we've got an EIN we don't need to submit the W-8ECI? Do we also need to complete a 1041 for our Australian trust or is that only for US trusts?

Thanks in advance.

Hey Dan that's awesome! I'm from Sydney and have been working with Engelo myself.  You'll be in very good hands. Would love to hear how you go and keep in touch. I too am wanting to build relationships. As Engelo himself says it's the Teamwork that makes the Dreamwork 😀

All the best mate,

Suvir

Haha yes great hearing in Aussie accent for sure 😀 I used a HELOC here in Oz to buy over there with cash.

Hey James,

I'm currently in Sydney, Australia and invest through Ohio Cashflow. Engelo and his team have been fantastic. I highly recommend them. You can read my review of them here on BP at this link. 

https://www.biggerpockets.com/forums/92/topics/185...

Send me a colleague request and I'd be happy to talk any time mate and answer your questions. Recently helped another Aussie connect with OCF and he too is loving it. If we can do it you certainly can from NY!

Cheers,

Suvir

Hi Yannick,

I'm from Sydney and have recently invested in the US. Congrats on joining BP! I found it an invaluable resource in my investing journey. I've learnt a lot over the last year which I'd be very happy to share with you.  Feel free to send me a colleague request and we can swap contact info to further the discussion.  Please see my review of the turnkey company I invested through to learn some more of my story.  I had a great first investing experience and continue to do so.  I was able to do it all remotely.  Look forward to chatting soon.

https://www.biggerpockets.com/forums/92/topics/185...

Kind regards, Suvir