I could maybe put in 300k of my own and finance some more through financing on those properties.From what I understand, as a foreigner we pay 30% federal income tax on rental income, but via an LLC, we can deduct the same expenses as a local investor off the income, if we file a tax return.

I am a foreigner living in Europe, but wanting to invest in multifamily in the US.

Especially with the most recent IRS ruling pertaining to foreign owned single member LLC.

I am curious to see the impact of foreign capital (ebbing and flowing) for markets like NYC and SF.

My accountant isn't very knowledged in the international tax implications or the best strategies for bringing a large amount of money into the USA from a foreign bank account?

No, I don't suggest you form an entity out of state as you will have a foreign corporation, more money and headaches.First find out if you need an LLC, is there a business reason to form an entity?

My question is do I need to register as a foreign entity to purchase rental property with my LLC in each state other than  California?

@Minsu Kim I am not entirely sure on the legality of signing a lease and accepting rent from a foreign business but I’m pretty sure you will want to tread carefully.1) if you live in a residential neighborhood it may be a code or zoning violation to operate a business - especially a warehouse - from your property.2) based on my experience with banks and depositing money they are under a LOT of pressure to prevent money laundering and the funding of terrorist organizations.

Key considerations are cost and complexity.I did review the following post which discussed investing with a partner, but wasn't sure if working with a foreign investor is any different.https://www.biggerpockets.com/renewsblog/2009/04/0...Thank you in advance!

This world is completely foreign to the world they (banks) formerly operated in leading up to the crash.