Since my firm is an investor private client boutique, I do not share resources outside of my client base.

Fun Fact: All the clients we picked up in 2024 became a super host. 

This post does not create a CPA-Client relationship.

I took my thrashing as you know in 2020  I do know some of my clients that sell turnkey have been keeping the houses and doing BRRRR instead of selling them to investors that part of the market has slowed signficantly for many in that industry.

If I read the story correctly, your client did not report rental income.

Investing abroad is not something that a majority of investors think of but a lot of my clients have been lately!

For now, consult a CPA to determine the best structure based on your income and investment goals.This post does not create a CPA-Client relationship.

To avoid issues, hold the property in the trust for a year, ensure the LLC is properly structured, and consult a CPA or 1031 exchange expert to confirm compliance with state and federal tax laws.This post does not create a CPA-Client relationship.

Quote from @Ben Trageser: I work with Mark's firm a lot along with a number of clients.

I've lost friends and family to substance abuse so it seemed like an opportunity to do some good and make money in the process.I negotiated a sweet deal, and was prepared to buy it myself, but a few of my clients expressed interest and I ended up helping two of them form a partnership.