Michael LemMon
Forming a real-estate LLC
I am looking to buy investment property in Idaho and am a California resident. I am looking for the best/fastest state to form an LLC in. I have heard Wyoming is a good state, but then i run into an issue of conductin...
Michelle Pinneo
Do I need to register my LLC in each state I'm flipping houses
I have a few questions regarding house flipping. I will be flipping a few houses this year in a couple different states. I have not started the LLC process yet but I was going to today. I thought it would be best to e...
Bhakti Kshirsagar
Canadian novoice investor looking to invest in US
We are in our late thirties. My husband and I are slowing beginning to explore the REI options. We are from Vancouver and prices are crazy overall compared to few neighbourhoods in US. We have about 30K for a down pay...
Chris Balestriere
LLC in my state for a property in a different state
Hi BPers!My brother and I recently purchased a rental property in Albany, NY. Talking to our Lawyer over there, he says it will cost around $1,400-$1,700 to set up an LLC for the property there, which is fine; but I a...
Mike Stone
understanding form 8288 when buying from a foreign entity
We just bought a US condo from a canadian person. (we are a multi member LLC). I believe we were told during closing that we would not have to worry about withholding taxes on his behalf.now im getting an IRS request...
Hai Loc
US Entity structure for Canadians
I would like to hear thoughts from Canadians how they set up their entities in the US and why they decided on certain structures based on investment/exit strategies. I have seen LLLPs used, LP used, LLC owned by C-Cor...
Alex Heidenreich
Anyone investing outside of the US?
Is anyone living in the US, but investing in other countries? What has been your experience? How do you learn about the other countries from a real estate perspective (locales, taxes, PMs)? Are they long-term rentals ...
Yael Fuerst
LLC question
HiI am planning on purchasing properties in Pittsburgh PA and Burlington AL.Do I need to open an LLC in both states? If I only open in one State can I purchase in another State? Will I incure higher taxes in that case...
Tomer Royter
Moving out of country - What are the tax implications?
I'm currently in search of an investment property in the New York area.I know that as a property owner living in the US I get many tax benefits on this property such as deducting the interest on the mortgage, home dep...
Grace Wang
Does a foreign investor need to pay income tax in the US when collecting rent from a rental property?
Hi everyone,
My relative is a foreign national and would like to partner with me to get a rental property in the US. I am wondering how she has to deal with US income tax since the rent may be her only income in the ...