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All Forum Posts by: Nish Gupta

Nish Gupta has started 0 posts and replied 7 times.

Post: Foreigners Investing in the USA & Abroad

Nish GuptaPosted
  • Investor
  • Medford, MA
  • Posts 8
  • Votes 5

Hi @David Gotsill . would be great to get the contact information of that Japanese tax CPA. could you PM me please?

Post: Foreigners Investing in the USA & Abroad

Nish GuptaPosted
  • Investor
  • Medford, MA
  • Posts 8
  • Votes 5

@Account Closed

 do you know any good local CPA/Attorney who can discuss (in english and charge by hour) rules and ways to optimize around gifts/inheritance taxes for Japanese citizens?

Post: Foreigners Investing in the USA & Abroad

Nish GuptaPosted
  • Investor
  • Medford, MA
  • Posts 8
  • Votes 5

thanks @Bill Exeter, really good to know foreign investor can do 1031 exchange if they follow the procedure.

Post: Foreigners Investing in the USA & Abroad

Nish GuptaPosted
  • Investor
  • Medford, MA
  • Posts 8
  • Votes 5

If you dont have USA resident status, mortgage companies will require higher downpayment (40%) and mortgage rate which is likely 1%-2% higher. It is difficult to get good homeowner insurance because many insurance companies want to bundle with your primary home/auto etc... Also my understanding is that attorney will withhold taxes when you sell , so I am not sure if you can do 1031 exchange (something that needs to be figured out)... but overall those hurdles are not too big...biggest hurdle is that you dont have boots on the ground so due diligence is difficult which means you will be doing far fewer deals than you would do otherwise.

Post: 24 Unit Apartment - Need 4 equity partners (passive)

Nish GuptaPosted
  • Investor
  • Medford, MA
  • Posts 8
  • Votes 5

hi Ashley. please email details @ nishgpt2044  at gmail.com

Post: 10 SFR Portfolio Sale! All 20%+ ROI, Each ~$65K, Fully Turnkey!

Nish GuptaPosted
  • Investor
  • Medford, MA
  • Posts 8
  • Votes 5

please email details [email protected]

Post: 9 bedroom, 4 bathroom for sale in Coney Island, Brooklyn

Nish GuptaPosted
  • Investor
  • Medford, MA
  • Posts 8
  • Votes 5

Hi Matthew. please send details at [email protected]. thanks.