[WSBARP] Question about avoiding FIRPTA

[Michael Safren]

Hello Everyone:

Just wanted to list my email address just in case anyone wanted to respond
privately or was open to reaching out to have a conversation about
strategies to minimize or avoid FIRTPA for a foreign national investor in
the US Real Estate market.

msafren at gmail.com

Thanks again!

Kind regards,
Michael Safren

On Tue, Sep 25, 2018 at 4:53 PM Michael Safren <msafren at gmail.com> wrote:

> Hello Fellow Listservs and Real Property Experts:
>
> I have a question that I wanted to ask the group - does anyone know of any
> reliable strategies to help a foreign national structure their entity so
> that they can avoid FIRPTA when it comes time to sell their real property
> assets?
>
> I've seen ideas about creating a multi-party LLC, but that seems to only
> move the withholding from the entity at the time of the sale down to the
> members at the time of distribution and the withholding seems to be  37%
> to non-corporate partners (members), and 21% for corporate foreign partners
> (members).
>
> Anyone have any other ideas/ strategies?
>
> Thanks in advance!
>
> Kind regards,
> Michael Safren
>
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://mailman.fsr.com/pipermail/wsbarp/attachments/20180925/140c35d9/attachment.html>