partnership with a foreign investor

General Real Estate Investing
1

Hello,

I have a great connection with a foreign partner who has cash and is looking to buy properties in the US through leveraging his cash. The problem is that no bank will provide him financing since he is from out of the states.

I’m exploring the option of setting up an LLC to acquire real estate with him. The problem is that no bank will provide funding to the LLC or to the foreign partner and I will have to use my credit to obtain financing.

Is there any solution for this?

thanks!

2

Foreign individuals investing in the US have some very unique tax issues. You need to speak with a CPA who has experience with these issues.

I’ve heard enough horror stories to know that this is serious; you want someone who knows where the landmines are. This is NOT “garden variety” CPA stuff.

I can recommend someone if you want to proceed.