Brandon Sturgill
Petition for BP to Discontinue Wholesaling Discussions...
25 February 2017 | 311 replies
@Hattie Dizmond being old school the thought of going into a real estate deal without actually buying it is a foreign concept for me..
Katherine Robbins
Flipping LLC being taxed as SCorp
8 March 2020 | 4 replies
If you leave earnings to accumulate in a C Corp thinking you're getting around the double taxation, you'll eventually learn about the accumulated earnings tax...C Corp make sense under very limited fact patterns...e.g. foreign owners, owners that want heavy fringe benefits, silicon valley types that envision a 1202 stock sale exit strategy, etc.
Jake Landry
Selling a home in Mexico. After paying the Mexican government sales tax do I also have to pay tax in the United States
21 March 2015 | 1 reply
Yes, but you may be able to benefit from the foreign tax credit.
Mic Nguyen
LLC & Liabilty insurance questions
3 October 2013 | 15 replies
If my rental property is in Florida, and the property is owned by a WY or NV LLC, the LLC has to register in FL as a foreign corporation so whatever disclosure protection that may apply in NV will not apply in FL.
Account Closed
Canadian / US Partnership
7 January 2022 | 6 replies
Account ClosedThere are added complications when there are foreigners wanting to invest in the US.Do they need an ITIN.Will the entity you have setup in the US be taxed differently for them in their countryIs there a Tax treaty between the US and their countryWill the income be considered ECI(effectively connected income) or FDAP(Fixed Determinable Annual Periodic)Will there if FIRPTA tax considerations on the saleWill there be withholding requirements on an annual basis on their incomeWill the foreigners be required to file a US tax return
Alex Bekeza
the MUST HAVE app? Whats the biggest game changer?
28 January 2019 | 100 replies
I also had a foreign investor who I was in touch with but after a while had to request we not spend any more time on the phone until he had something under contract because of the phone rates...... just realized Whatsapp would have been a great solution...
Chris Turner
Buyers asking about my assignment fee?
20 January 2020 | 151 replies
If a seller was informed in an honest way of what their home was worth like an agent does you would have no real need for these middle men who are just skimming equity.. however on the flip side .. if someone goes to the trouble to find a seller and offers cash NOT BS cash but real cash and closes then holds it for a period of time then they can sell for whatever they want.. just cant tell someone that there house is only worth 50k because they are clueless or old or foreigners etc.. close on it never touch it and sell it next day for 150k.. that is unconscionable profit taking.
Daniel Ordonez
Verify a private lender?
11 January 2019 | 49 replies
Originally posted by @Steve Babiak:@Jay Hinrichs - a big difference between property casualty insurance and "mortgage insurance" ... if the OP doesn't understand that, then the OP should first get better educated.Steve the insurance you buy for these scammers is rolled into the entire scheme.. first they want the 500.00 saying your approved for 3% money which we all know too well is not REAL... its a total scam.... but then during the process and once they have you hooked and committed to the 500.00 all of a sudden your credit and the deal does not look that great we just need to go over to this foreign country and buy repayment insurance.. the scammer explains since you the borrower are not really that qualified you need to purchase this insurance policy so that if you default the insurance company will pay the loan back.. and they try to tag you for whatever they feel they can get 1k 2k like in this guys case..
Ari S.
Foreign Investors Loan Regulations
17 November 2018 | 3 replies
We want to learn more about regulations with borrowing to foreign investors.
Jason Krick
My Agent will be paid almost nothing...thoughts?
7 March 2016 | 37 replies
@Jason Krick well in our neck of the woods EM deposits are 17k LOL... so its foreign to brokers in other markets.