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4 June 2018 | 5 replies
I have actually read some of the articles that you posted, really enjoyed the one you wrote about not getting duped by a turnkey provider, link below if you would like to see what I was referring to :)https://www.biggerpockets.com/renewsblog/2016/05/2...I have written down a few of my key questions now, was thinking of PMing you, but I think these questions could help other foreign investors too if answered.Thanks once again, would be really great to get yours or Aaron's opinion on it!
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5 August 2018 | 3 replies
There are lots of special issues when it comes to international (currency risk, legal issues, foreign taxes and tax credits, different countries laws and opportunities, etc.) that would make this a very useful forum.
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7 January 2019 | 4 replies
@James DuncanI love PI but you’ll want a person who is a citizen (they limit foreign ownership) and is trust worthy to oversee the property and collect rent.
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18 December 2019 | 12 replies
@Vincent SottileOnly thing affordable in NYC are Coops, for ex in Riverdale next to Manhattan you can get a 1Br in 180k range or studio under 150k range in a 24 hour doorman building.
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27 January 2020 | 1 reply
I have an American Bank account, but I am a foreigner living in another country.Does anyone know how I can receive the rent from my managing agent?
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24 September 2018 | 2 replies
If you are buying out of state, you can create an out of state LLC and register it as foreign in CA or you can create a CA LLC and register it as foreign in the state where the property is located.
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15 March 2019 | 4 replies
Thus most cost affective way for CA residents is actually set up LLC in CA and register LLC in another state (where your property is) as foreign entity.
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25 February 2019 | 6 replies
For ex: If you bought a home at a very low interest rate and rates increased, then bank can call the note so you have to either pay or refinance at a higher rate.Can be expensive to maintain if you only have 1 or 2 propertiesTax benefits:I think tax wise both approaches can be handled as pass-through taxation but there are advantages to an LLC if you have a big portfolio or actively flipping houses etc.
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15 May 2019 | 7 replies
So, if you create an LLC in another state, you will need to register it as a foreign LLC in California.
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7 January 2019 | 5 replies
@Daniel RongoI’d be cautious with Barcelona, the political situation is very shaky and some more turmoil could seriously spook foreign investors and crash the market