Most are done with funds that is not considered legal and pay little if any tax.....Hi Sam,I agree with you there is a lot of "easy rich" people here in hong kong, but most of them have bought properties for over 10 years ago, and these properties are now worthy a fortune.What i am looking for is a solution that would save me the 16% stamp duty on the buy and also the sell...I had a look at land trust but it seems that the government already put there hands on that.I am thinking perhaps the best way is to get a RE license and get a commission from the buyer..After all my approach would be a zero (or very little) down payment with the intention to keep some of these properties i find for long terms, but if i don't find a solution around these 16% X2 stamp duty, then the RE license maybe needed to get a commission on each deal.Any suggestions are very welcome please ;-)

That includes my spouse or close relatives.Here in San Jose, CA, we have India State Bank, Bank of China, Hong Kong Shanghai Corp(HSBC), Toronto Dominion Bank(TD Bank), Banamex all supposedly CA banks within a few miles from each other.

It will take decades for seattle to start looking like new york or hong kong,  but it will eventually happen.Look for a good location property (commuting, schools, neighbors, etc) in need of some elbow grease.  

My name is Ken Hong and I live in Honolulu, Hawaii.

@Phil Hong, Yes you may do this but be careful.  

@Kenneth Hong Nice to meet you Kenneth!  

I will agree with @Phil Hong in regards to finding a property in SP that can POSSIBLY provide some cash flow, BUT it is likely to be located in the less desirable part of town.

She said "no, for some relatives living in China and Hong Kong".

Welcome to the BP community @Winston Kong.

@Quan Hong Chu first off welcome. 2nd my advise is to be very careful.