The capital gains ($975k) can be used in a “like kind” 1031 transfer for another property.The person who buys the property from you can depreciate the bucket over 28 years plus earn interest on it’s contents while it’s in the bank. 

Because I already owned properties in Latin America and Europe, I started to answer these questions as my contribution to BiggerPockets and the forum.There used to be an international sub-forum and I was the main contributor, reason why I was invited a few years back to attend a call with CEO Scott Trench and the other top sub-forum contributors to give our advice on the last changes in the forums.

@Vinvi Gucci, a few questions/comments:I would think YOU (and your wife) through your LLC should be getting a loan buy/refinance the house AND transfer the deed solely to your LLC at the same time.

They are closing the gap, and usually offer bill pay, online transfers, mobile deposits, and the other things you would expect.I do highly suggest Amex for business credit cards.

Hi Sonia, The U.S. real estate market can be extremely lucrative for international investors especially depending on where they decide to invest.

You forgot to put your state in your profile or your post so people would know if you are in a community property state or how much it will cost you to transfer ownership from your wife to your LLC.  

When you assume the loan, unless you transfer the eligibility to yourself you are working off of the vets entitlement, so as long as they have met requirements you are good to go.

I had interned with this company since I was 16.

OK.. still pretty hi.. and keep in mind many of these is done with pipe burst no digging or new hot tap,, My brother in law does them in the SF Bay area as they are required on certain age homes if your transferring title.

@Sendil ThangaveluYou should issue a master lease to the company, transfer all requirements & liability for the operations to them.