joshua4012 replied to the topic Setting up US LLC and Bank Accounts in the forum Overseas Deals 10 years, 10 months ago
I agree with Engelo. You want to keep all transactions relating to the property in the LLC from an asset protection standpoint. Do you have an EIN number for the LLC? If so you can easily get a business account set up within a week. It will only cost about $200. A property manager can pay rent to a personal account but it will defeat the…[Read more]
joshua4012 replied to the topic Buying property in the US in the forum Overseas Deals 11 years, 1 month ago
Investing in the US can be extremely lucrative but I encourage Australians, or anyone that is attempting to purchase property remotely. Do you homework! I will post a topic with some tips in a later post but a $60,000 property generating $600 rent….. I would be interested in the actual location of the property. There are cities that offer…[Read more]