Kenneth Kastner is a CPA in Israel who does nothing but US real estate tax for foreign investors. On this episode, host Abel Pacheco and Kenneth walk through the cross border traps that stay invisible until they cost you.
In this episode:
- The whole discipline in one line: go in "with your eyes open, not with your eyes closed. If you go in with your eyes closed, you're gonna trip over something and fall."
- How a domestic tax move can invert across a border. A deferral your home country will not honor can trigger the capital gains tax at the time of the exchange.
- FIRPTA on the closing table: "the buyer has to withhold 15% of the sales price," not the profit, unless you request a withholding certificate before the closing.
- Why LLCs help with risk and asset protection while a corp helps with taxes, true at home and incomplete across a border.
- Abel's approach to experts: "I understand the high level, tell me the best way."
Abel Pacheco is a San Antonio real estate operator who went from 8 single family houses to a share of roughly 1,500 apartment doors, and now works as a fractional Chief AI Officer helping small and mid sized businesses put the back office on autopilot.
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