NguyenSellerDsla Trust 2007-Ar1MortgageRecording Date02/07/2011Cash PurchaseYesDocument Number112989Previous Ownership (01/24/2011)Date First Seen As Owner01/24/2011Document Number112989Sale Amount$61,000Sale Date01/24/2011Recording Date02/07/2011Absentee IndicatorAbsentee(Mail And Situs Not =)Universal Land UseSingle Family ResidenceProperty IndicatorSingle Family ResidenceResidential Model IndicatorProperty is ResidentialTitle CompanyGREAT AMERICAN TITLEOwnerCoyen One LlcSellerDsla Trust 2007-Ar1Previous Ownership (06/21/2010)Date First Seen As Owner06/21/2010Document Number534760Sale Amount$98,000Sale Date06/21/2010Recording Date06/23/2010Ownership RightsCorporate TrustAbsentee IndicatorSitus Address Taken From Sales Transaction - Determined Absentee OwnerDeed Securities CategoryResale, Reo Transfer, Cash Purchase, Residential (Modeled)Universal Land UseSingle Family ResidenceProperty IndicatorSingle Family Residence/TownhouseResale New ConstructionResaleResidential Model IndicatorBased On Zip Code and Value Property is ResidentialTitle CompanyOTHEROwnerDsla Trust Series 2007-Ar1SellerChristopher R.

A fiduciary corporate trustee (in SD, UT, NV, or AK) provides administrative duties in compliance with trust situs requirements.The irrevocable trust, which maintains fully discretionary distributions with no ascertainable standard and meets the requirements of the Restatement (Third) of Trusts along with those of 11 USC 541(c)(2) and is "a restriction on the transfer of a beneficial interest of the debtor in a trust that is enforceable under applicable nonbankruptcy law is enforceable in a case under this title" is fully judgment-proof against state and federal claims.  

A trust doesn't necessarily have a situs, so it could be anywhere, but you "may" want to have a situs in it like "formed under the laws/statues of the state of Texas.And Heath, Why do you need to move it to Texas?

ARCPE Aspen Funds Boston Note Co Colonial Funding Debexpert Debtx Faller Financial First Financial Network FIxNotes FNAC Garnet Capital Gitsit Infinity-Data Keyhole Financial Kirkland Group Labrador Lending Mission Capital Nationwide Secured Capital NLEX NNG Capital Fund NotesTraders NoteTadeX NoteTraderExchange Oak Harbor Paperstac Phoenix PPR Note Co RAMS Capital Reliant Financial Revolve Capital Right House Capital Right House Capital Security Financial Services Situs AMC SN Servicing Watermark exchange

As a tip for those who need it, you can probably find this for free in your county's website by seeing which owners have different addresses in their Mailing Address and Situs (Property Address). 

I highly recommend you consult with a knowledgeable CPA in the area of international/cross-border taxation especially as it pertains to estate taxes.You are correct - a nonresident alien is generally subject to an estate tax on their U.S. situs assets of 40% on the excess of $60,000.

We understand that real-estate is a US situs asset so it is subject to US gift tax.

Monthly income (only rents) - 8500 (the listing seems to indicate only a single unit is currently occupied, and at below-market rate).Monthly expenses:property taxes: 1500 assuming this will be 1.2% of the deal value of 1.5M. current assessment is ~330k - https://www.sccassessor.org/index.php/all-situs-se...management: 850. thats 10% of rent, not taking into account placement feesvacancies: 425. this is assuming a 5% vacancy rate (may even be lower, market is hot) but doesnt take mgmt company placement fees.water & sewer: ~415. thats according to city sewer rates and avg water bill. no details in the listing. listing says this is not metered per-tenant.insurance: 375. zillow estimate.

@Brian DavisAs a general rule you would want an LLC in the state where the property is located as it will need situs in that state to be able to act in court,As some state have very low outside liability protection on their LLC it is recommended to have these LLC owned by a holding LLC in a good asset protection state.

Wholesaling land is different than wholesaling houses and make sure to do your DD; see below;- Make sure the land has a situs address which at times is a good indicator of building or not.- Ask seller and confirm with the county of local utilities, does it have water, power, can it perc?