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Foreigners Buying in the USA

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Hao Liu
  • Real Estate Investor
  • Oklahoma City, OK
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16
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Foreign investors join a local guy to form an LLC

Hao Liu
  • Real Estate Investor
  • Oklahoma City, OK
Posted Sep 25 2018, 15:37

Foreign investors have troubles if they buy properties under their own name. Hard to get loans. The 30% withholding tax. etc.

How about Join a local investor and form an LLC? Each hold some share of the LLC, and buy properties with the LLC's name. Local guy can personally guarantee loans.

Anybody tried that and what's the pros and cons?

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