Forum Replies Created
- TheFatInvestor wrote:Hi Leo,
Not sure as to what stage of the buying process you are in however I would recommend that you ensure you have the correct structure to suit your individual investment strategy sorted out prior to making any investments… It's money upfront but saves a lot further down the track.
It is suggested you speak with a qualified practioner but ensure you look in to setting up a head LLC (which can be owned by your Australian entity i.e Family Trust) in a tax and asset friendly state (i.e. Wyoming) which you can then have multiple underlying LLC's which may own real estate. When setting up this structure you need to keep in mind asset protection and tax minimisation strategies which will lead to the topic of whether or not you want that head LLC taxed as a C Corporation. It's important you make the correct elections from the beginning.
Cheers
Hi Fat Investor
I would like to clarify a few points if you could contact me at [email protected]
thanks
