How do you know that Angel has not elected taxation treatment of a corporation for the LLC?

Account Closed  One thing to be very careful of is the double taxation... if you buy in the city of Memphis you will pay city tax and county tax.. .so be aware of that.And like all rentals, price points will dictate tenant quality. 

Aside for the obvious that due to overbearing taxation obligations we must work entirely too hard in order to achieve in a job setting, which may or may not bother you, I also have personal reasons associated with instability of revenues generated via W2 and 1099.

That sounds exactly like what I was looking for.You just kickstarted my American real estate dream again.I'm amazed how helpful this site can be.Now if I can only figure the taxation part between the US & Belgium out I should be well on my way.

This is pretty standard with owner carry contracts anyway.2) The use of debt-financing will expose your IRA to taxation known as UDFI.  

Hey Dan...the man you want is:GEORGE E DUBE PartnerService Taxation Telephone 519-576-5220 George and his partner Peter understand every aspect of investing in real estate.

@Charlie MacPhersonAs a Canadian, @Parveen Tiwari's taxation considerations will be a little different than yours.Parveen:  if you own U.S.A. property directly in your name, or establish a flow-though entity {LP, S-corp, LLC (pending elections)} you will not be able to control when earnings are repatriated to Canada.  

As others have indicated, there is a cornucopia of information and experience roaming these virtual halls.While most of the information has universal application, be aware that in areas of finance, regulation, and taxation much of what you find here will have a strong U.S.A. bias and, in many instances, things are done differently here in Canada.  

As an investment agent/broker, you will generate income by closing deals for your investor clients, advising them on investing, exchange, depreciation, real estate taxation, and their overall investment portfolio.

Taxation Issues with Lease OptionsSTRATEGIES TO AVOID RECHARACTERIZATION OF A SALE:Where the parties want to avoid having the lease/option recharacterized as a sale, the overall planning strategy is to avoid or minimize the above indicators of a deemed sale as follows:1.