Being a foreigner in USA Buying a House with an LLC 1. Understanding LLCs An **LLC (Limited Liability Company)** is a legal entity that many investors form to buy rental property. Here's what you need to know: - **Definition**: An LLC shields owners from personal liability related to company actions. - **Ownership**: Members can include individuals, corporations, foreign entities, and more. - **State-Specific Rules**: Each state treats LLCs differently. Some states permit single owners to own an LLC, while others have specific LLC laws. Check the laws in the state where your property is located. ## **2. Advantages of Buying with an LLC** ### **a. Privacy** - When you buy a house under an LLC, your personal identity remains private. The LLC’s name appears on public documents, concealing your personal information. ### **b. Limited Liability** - LLCs protect owners from becoming personally liable for company debts or liabilities. - Note: Living in an LLC-owned rental