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Tax, SDIRAs & Cost Segregation

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Enzo Pazos
  • Rental Property Investor
  • Charlotte, NC
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26
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LLC with a non US resident

Enzo Pazos
  • Rental Property Investor
  • Charlotte, NC
Posted Jan 12 2021, 06:54

Hello Everyone! I'm planning on creating an LLC with a friend who is not a US Resident yet. He has a work permit, a stable job, and a good FICO credit score. The idea is to start buying properties under that LLC.

My question is: how does it work with the process of getting a loan? Is it easier to buy a property under my name and then transfer it to our LLC? Does anyone know how the taxation for the LLC would be? Since he is not a US Resident, is he still able to receive income and pay taxes through the LLC in the US?

THANKS!!

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