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It is best you speak with a qualified practioner to ensure you setup a structure that works for you, your investment strategy and your overall objective. If you are intending on setting up an Australian family trust you can look down the path of the trust owning your US based Limited Liability Company (LLC) which may provide asset protection and taxation benefits. In my opinion, it's best to set up the structure correctly at the beginning to save issues and dollars further down the track.
If you're intending to purchase further US property down the line you may want to look into setting up a head LLC in a state such as Wyoming or Nevada which will be owned by your Australian trust and then having underlying LLC's own individual properties. You then need to have the discussion with your accountant regarding how you want the head LLC taxed (i.e. as a C Corporation?)… ultimately you want the best tax structure for profits coming back into the Australian trust.
Steer well clear of holding property in an indivdual's name.
Hi Leo,
Not sure as to what stage of the buying process you are in however I would recommend that you ensure you have the correct structure to suit your individual investment strategy sorted out prior to making any investments… It's money upfront but saves a lot further down the track.
It is suggested you speak with a qualified practioner but ensure you look in to setting up a head LLC (which can be owned by your Australian entity i.e Family Trust) in a tax and asset friendly state (i.e. Wyoming) which you can then have multiple underlying LLC's which may own real estate. When setting up this structure you need to keep in mind asset protection and tax minimisation strategies which will lead to the topic of whether or not you want that head LLC taxed as a C Corporation. It's important you make the correct elections from the beginning.
Cheers
