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What Foreigners Need to Know When Purchasing Property in the U.S. | PREI 025

What Foreigners Need to Know When Purchasing Property in the U.S. | PREI 025

FromPassive Real Estate Investing


What Foreigners Need to Know When Purchasing Property in the U.S. | PREI 025

FromPassive Real Estate Investing

ratings:
Length:
55 minutes
Released:
Nov 12, 2015
Format:
Podcast episode

Description

In this episode we talk to Chris Picciurro, the co-founder of Integrated Financial Group, about the many important tax-related topics related to investing in the United States as a foreign national.  There's a lot to consider from withholding taxes, tax reduction strategies and asset protection.  This episode is full of great content and a must listen if you're an investor from any country outside the U.S.

His contact information is:

Chris Picciurro
1 (888) 434-7791  x106
www.integratedfg.com
http://www.linkedin.com/in/picciurro
Twitter: @PiccCPA

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What Foreigners Need to Know When Purchasing Property in the US with Chris Picciurro
Welcome to Passive Real Estate Investing. I’m your host Marco Santarelli. I just finished recording an interview with a very knowledgeable CPA who’s the co-founder of Integrated Financial Group, and what we discussed is taxes. But don’t let that turn you off. Taxes as it relates to foreign national investors. If you are looking to invest in the United States or you have been investing in the United States, you’ll definitely want to listen to this episode.

Chris specializes in taxes for non-resident and non-US citizens that are looking to buy or are already purchasing investment property in the United States. He has some great advice. We stopped to look at estate taxes, withholding taxes, how to structure your entities. Now this is not case specific. We had to be somewhat general, but there’s so much great content.

I hope you get a lot out of this episode as we talk to him about purchasing property here in the US. I hope you find this episode informative because tax laws can be complicated but it really comes down to a case by case basis. Stay tuned. 

It’s my pleasure to welcome Chris Picciurro. He is the Executive Officer and Co-founder of Integrated Financial Group. This guy has a list of credentials longer than my arm. I’m just going to highlight some of the stuff here. He has over 15 years’ experience as a CPA, including an adjunct instructor at Davenport University. He’s an Accounting Instructor with an MBA program, I think I got that right. He’s a graduate of Michigan State University. Has an MBA from the University of Detroit. He is extremely knowledgeable when it comes to taxes, especially as it relates to foreign investors. His list goes on and on. I’m not sure what this means but Chris maybe could tell us a little about it, Rich Dad Educational Events. Anyway, Chris, welcome to the show.

Hi, Marco, it’s good to talk to you again. How are you?

I’m doing fantastic.  I’m excited to have you on the show here because we work with investors not only around the United States but around the world. A lot of them come from Canada, Australia, England, we have some people from Japan, so it varies. I know you can talk a lot about taxes as they relate to citizens within and outside the United States. But for today, at least, I want to put more of a focus on taxes as they relate to foreigners investing within the country. That’s framing this episode. Let’s start off by talking about where you’re located. Maybe you can explain this Rich Dad Educational Event.

Our headquarters is in the Detroit Area, outside of Detroit, Michigan. Although the scope of our practice is not only throughout the United States but it’s throughout the world. We specialize in assisting non-US residents that buy investment property here in the United States. We have been very fortunate to work with clients in over 40 different countries at this point and our client base spans over 30 US States as far as where these investments are taking place in t...
Released:
Nov 12, 2015
Format:
Podcast episode

Titles in the series (100)

Take the guesswork out of real estate investing. Learn how BUSY PEOPLE like you can build substantial passive income while creating wealth for the long-term. Gain expert knowledge and advice on real estate investing as Marco Santarelli (of Norada Real Estate Investments) shares his strategies and valuable insights with a special emphasis on Turnkey (done-for-you) real estate investments. Discover proven strategies for making money with real estate in ANY market and how to avoid common and costly mistakes. If you’re looking for “bigger pockets” and ACTIONABLE advice on the road to financial freedom, then this is the podcast for you! With new episodes every week, be sure to SUBSCRIBE TODAY!