Overseas Investor (banker, buyer, cash, investment) - Real Estate Professionals - City-Data Forum

Param Singh · 10-16-2012, 02:27 PM

Hi,

A potential client from another country want to invest in residential property in U.S.

What is the best way to set up a company so that he can have minimum tax exposure. Please DM me if you can recommend an affordable attorney.

Thanks

davecj · 10-16-2012, 05:52 PM

There is not nearly enough information here.

Residential...

Single family/ multi family
Turn key/ Not
Reversion based/ cash flow based
Etc etc

Param Singh · 10-17-2012, 06:08 PM

Thanks for response.

Single family.
Turn key and long term
Cash flow based.

Investor wants to diversify assets. Not looking for huge returns but safety of investment. Prefer not to go for distressed properties.

Captain Bill · 10-18-2012, 08:14 AM

You'll need an attorney who practices in your state and in your local area so you can visit him/her and discuss it more.

So if you mention your city or closest metro area city and state, someone may know an attorney in that area.

If you don't get answers here, then you can google for tax attorneys and or attorneys who set up LLC's. They may have a lot of information on their web site.

Param Singh · 10-18-2012, 10:04 AM

I am in Triangle region on North Carolina.

TarkaK9 · 10-19-2012, 01:11 PM

Don't get involved with actually setting up (their) company! If they are thinking of setting up a business stateside, check the criteria as chances are one would need to have a relevant visa etc. So, first and foremost, immigration status etc - have your potential investor look into and verify they're able to obtain something like an E-2 visa by talking to an immigration attorney too (the E-2 requires a hefty bank account to prove one is investing a min of $200-250k.)
(and for foresight, double check if any withholdings of taxes will come into play upon selling the investment properties (unless they continually do 1031's)).

MrRational · 10-19-2012, 06:44 PM

Quote:

Originally Posted by Param Singh

A potential client from another country want to invest in residential property in U.S.
What is the best way to set up a company so that he can have minimum tax exposure.

Tax exposure is the least of their concerns.

Being taken seriously as a legitimate and qualified buyer is far more important.
Retain a good 'ol boy local RE attorney and make a *substantial* deposit into a local bank go a long way.

If the intention is to buy MANY separate properties (invest) then more than a DBA is appropriate...
an LLC or two can be managed by the same local RE attorney (and the banker).