Colombia is ranked 67th in the world - which puts it third in Latin America for its ease of doing business and its also one of the top countries in the region when it comes to protecting its foreign investors' money.Economically speaking, Colombia has many things working in its favor and even those who don't want to live in Colombia can profit from the economic growth.At the moment, the Colombian peso is strongly undervalued, which makes traveling and living in Colombia extremely affordable.

I think ON  does and in ON you might have an extra foreign buyers tax depending where you buy.

Only problem is if you plan to sell without a 1031 exchange you’ll face a 25% recapture tax rate.

Buy them a nice 2 month vacation in exchange for the keys.  

We're considering a 1031 exchange to something better, just not totally sure yet. 

This gives easy access to the (wealthy) people from Santo Domingo for their weekend and holiday outings and to the foreigners landing in Santo Domingo. 

First, you can simply hold the property or you can do a 1031 exchange in which you either “swap” this property for a new property or you sell this property and purchase a new one within the same tax year.

I currently have a CA LLC because I am a CA resident and a foreign entity license in Ohio where my business currently transacts all business.I currently only do Buy and Holds but will be starting my first flip soon and am curious how the taxation on a flip works in this situation.

The seller is in his 70s and is liquidating, and plans to buy the property from his son in a 1031 exchange and sell it to me.

Look forward in meeting other in sharing and exchanging ideas. :)