This tax base benefit goes away at your father’s death.

This approach allows you to have a legal presence in the country, which is often necessary for investing there if you don’t live in Spain.Having a virtual office in Spain through your LLC could help you access local tax benefits and deductions, such as expenses for mortgage interest, repairs, and insurance, which non-residents typically cannot claim.It’s worth consulting with a tax or legal advisor familiar with both the US and Spanish systems to ensure compliance and take full advantage of this option.

Whats the benefit to registering?

If before getting a permit you have to dance around for Code Dept officials/ city gov and crime is thru the roof, investments will definitely be low whether real estate or other, but it should be benefiting the city officials to keep things that way.

Derek Schronk Derek are you still with RentRedi if so do you mind sharing the Referral code Referral Link Referral Link Referral Link

Do not do repairs to code.

Whether you sell and simplify or hold and continue to benefit from appreciation, it’s about aligning with your long-term goals and lifestyle.

@Zach Howard you pretty much MUST hold it in an LLC if you don't have the proper visa or greencard.1) Many attorneys over-hype the benefits of an LLC for each property.

I had an electrician run wires in an attic, telling me up front that the house won't be up to codes, he's only doing the one or two things I asked.

I think some min level of regulation benefits everyone, including wholesalers who currently operate in no man's land.