Updated almost 11 years ago on . Most recent reply
Foreigner Wants Vacation Home
I have a foreign relative that wants to buy a vacation home in California. They would use it a few months a year and rent it out when not in use. Most likely a cash purchase. What is the best way to go about this?
- should an LLC be set up?
- what strategy has tax advantages?
- any seasoning needed on the money?
Thanks,
Bob