I worked out my structure using my Australian accountant, US lawyer and US accountant.

I've got the BRRR book queued up to start tomorrow, just finishing Rich Dad Poor Dad.I almost have my Core 4.

I was outbid by an Australian on a 5 unit and a 3 unit, and will probably lose out on 2 other properties that are off market that I have offers out on. 

Hey Armand,If you are an Australian investing here into the states I think my company can help strengthen your portfolio!  

Australians were buying from us in Both NC , and multiple markets. 2013-2015 was doing condo conversions with UK company who was selling product in China .

I feel like my situation is somewhat unique, but that said, I'm still learning about this industry so perhaps it's not an uncommon scenario.Basically I'm Australian and my wife is from Texas.

@Billy Mclachlan take note of what @Jay Hinrichs say, he is astute and have experience...The point of difference is that most Kiwis and Australians buy out of the country, totally passive etc...Now that we had a discussion your approach is different, ie spending time in the US etc. as you know good deals are available in any market BUT are much harder to find on-market at the top of the cycle.

They are touting them with Australian or Japanese funds which are priced lower than US.

As a member of an LLC making a profit, your friend will have a duty to report and pay taxes on the profit and must have an ITIN (the equivalent of a social security number) in order to do so.The LLC will also need to withhold 25% of the profits before remitting them offshore, which your friend would then report as a payment on his behalf when filing his tax return.I just helped an Australian national set up this exact same situation and am working to set up a system for Chinese nationals to do the same.  

and not just Americans but Canadians, Europeans British and Australians?