All Topics / Overseas Deals / Is it best to buy in an LLC or in own name?

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  • Profile photo of morgstarmorgstar
    Participant
    @morgstar
    Join Date: 2010
    Post Count: 15
    April 22, 2011 - 10:41 am

    I have been told you can have the income from the rent put into your personal bank account even if the house is held in a LLC, is this correct?

    Profile photo of angelinsydneyangelinsydney
    Participant
    @angelinsydney
    Join Date: 2011
    Post Count: 270
    April 25, 2011 - 9:10 pm

    Hi all,

    I'm reading all posts in this forum and my head hurts now. 

    I so want to know more but the brain can only take so much in.

    A friend is going to the US soon, I might tag along if she doesn't mind.

    I'm still stuck in the wilderness.  Not like me to be so ambivalent.  Age has a lot to do with it, I'm sure.

    You guys rock.  Thanks for sharing.

    Angel

    Profile photo of MaxpowerchappyMaxpowerchappy
    Member
    @maxpowerchappy
    Join Date: 2011
    Post Count: 4
    May 1, 2011 - 10:43 am

    Hi Guys,

    Thought I would join the fray!  I'm currently living in Melbourne looking in a few area's in the US hoping to invest around $20K.  The previous posts have proven invaluable but I was hoping to gain a little more info if anyone has any…

    I was also hoping that a few of you may not mind sharing the details of people you have felt have helped in the process, like lawyers and realtors.   

    What do I need to purchase a forclosed property in the US? 

    My wife is a US passport holder if this helps.

    Thanks heaps,

    Max

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