Jessie Duncan
Potential Tenant with Foreign Fiance
26 June 2017 | 1 reply
I am reviewing a potential tenant for one of my single family homes, and I've run into an interesting situation. I have an application from a couple who is getting married on July 24th. He is an IT guy with a stable...
Jesse Zhu
Holding out of state properties in land trusts and corporation
29 August 2016 | 5 replies
Two choices, form an entity in each of those states or file in each of those states as a foreign corporation (entity) otherwise, your entity will likely be disregarded.As to hiding out and hiding your identity, all you're doing is delaying the process, if you are sued, the attorney simply asks the court to have owners identified if there is some convoluted set up, which the court orders and that may tick off a judge.
Matt Daley
Out of State Investing? File a tax return?
27 October 2021 | 5 replies
@Matt Daley, I won't comment on the tax question although I don't believe you have to pay income tax in the foreign state.
Monte Blunk
Asset protection question
4 December 2019 | 18 replies
Here was an interesting article on Series LLC's and asset protection I found: https://www.corporatedirect.com/c-corps-s-corps/series-llcs-where-angels-fear-to-tread/I'm also looking at investing out of state, which means I either need an LLC (or multiples) in each state I plan to invest, or I can form in Utah and register with a foreign qualification in another state (or something like that).
Brian Gibbons
Getting Busted in Ohio for Wholesaling and Praticing RE without a License
2 September 2019 | 504 replies
Also, Non-US citizens cant have civil judgements deemed against them on the local level, as US courts dont hold jurisdiction on foreign non-citizen individuals in foreign countries.
Jonathan Loynaz
Direct mailers not receiving expected returns
15 June 2015 | 14 replies
Oh and i know a guy who hired a lot of people in foreign countries to hand write these letters with an ink pen.
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..
Dustin Karns
For taxes, better to buy as an American or foreigner
7 September 2015 | 2 replies
Simply No, rental income generated in US is taxed even if owned by a foreigner.
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..
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