Hi all,
Thanks for your help in Advance.
A friend and I are intending on investing in America soon. I know whether to do this or not is a hot topic in this forums, but putting that aside I have a couple of questions about the best way to do this. Specifically:
1. As there are two of us we want to protect ourselves and our friendship. I've been told the best way in Australia is a unit / discretionary trust. Is an Australian trust recognised in America?
2. If it is, does it change our tax options? Ie I know that individuals in America can purchase houses and pay 30% tax minus expenses, will this change?
3. I guess really I'm asking what the best way is for two people to buy a house in America. Any suggestions?
thanks again
Nick
hi mate,
as far as im aware no ozzie trusts cant be used in the states.But ive heard of some linking LLcs)usa companys)to ozzie trusts back in australia.
I personally think its a lot of hassle and expense for limited benefit.unless you want to go big over there.
While investing over there for a few years now i wouId personally recommend you just buy/sell a couple of deals in yr own name first and learn the systems,then see if its for you.all the best
Luke Taylor | Hope Property Investing
http://hopepropertyinvesting.com
Email MeProperty Support,Strategist and Buyers Agent
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