Hi,Definitely interested in learning more and exchanging experiences about the Portuguese RE market.Regards,Rui

You’re paying $70k in “non-deductible” interest in exchange for less deductible interest. 

And easy for us to fulfill 1031 exchanges now. 

People responded by explaining that residential mortgage lenders are looking for US-based customers, who have their residence, income and assets in the States.How do they view foreign debt?

Owning properties through LLCs in their respective states avoids the need to register a foreign LLC, which adds costs and administrative requirements.If you plan to acquire properties across multiple states, you could create a parent LLC in Florida and have individual property-specific LLCs (child LLCs) in each state.

@Randall King If you find the property isn't performing well, a 1031 exchange would defer the tax and concentrate that equity into something that has a greater cash flow potential, like what @Corby Goade said.

Hi @Ben Lindquist, The 1031 Exchange Qualified Intermediary is a crucial part of any successful 1031 Exchange transaction.

It’s always insightful to exchange views!

The buyer got an affordable home in exchange for doing the repairs himself (sweat equity), I got a cashflowing note, and my private lender got a steady interest payment.

Otherwise you could be wasting your time.I have clients from CA and NY do exchanges in GA and other states.