[[worried]size=3]Hi , As first time investors we have brought a property in San Antonio Texas for a quick flip we purchased the house at US$40,000 and it cost US$25,000 for rehab totalling $65,000 we planned on selling the house but since have been contemplating on keeping it as we now have renters with a two year lease paying US$850 per month rent.
Never having anything to do with investment before we have really jumped in the deep end.
If anybody can give us the name of a good San Antonio Accountant and Rental Manager and their opinion of weather you would keep the house, this would be greatly appreciated.
Thanks
Jo[/size=3][/size=5]Hey Jo!
Good on u for going for it!
I would say u cant go too wrong buying in San antonio.Some areas are better than others though.
which area is it?
has it been recommended to u as a good capitol growth area?
You can ring some realtors by looking on the net and just start asking opinions.Then ask them to do a search on sales and rental comps in the same street and area and suburbs.(alot of realtors work seperate to PMs so cant give rental comps,but keep asking and yll find some who will)
Also ask for sales comps over the past few years.
This will start to give u an idea of actuall value rather than projected and help determine if its worth keeping .
There is alot of projected hope for the future in the SA area though
so thats positive.
Also how much cash do u have in the deal .
Is the $850 return good compared to how much money down?As far as a good US accountant.Here is my friends details .He is one of the best.Tell him yr from Oz!
email [email protected]
website http://www.michaelPlaks.com
He wont tell u anything in regards to how the Us relates to Oz tax though.
How this works is you file yr US tax return(taxed at 15c in the $1 for income under $50K Per Annum) then get a full credit on this tax paid when u note it on yr oz tax return.Pm me for a PManagers details for info on SA if u like
Luke TaylorWe’ve got 70 yrs on planet earth,Lets make the most of every day!
Luke Taylor | Hope Property Investing
http://hopepropertyinvesting.com
Email MeProperty Support,Strategist and Buyers Agent
Contact Hector Frietze from Padgett, Stratemann on 210 828 6281 or [email protected]
They are one of the largest accountants in San Antonio and they specialise in structures for foreign investors
Nigel Kibel
http://www.propertyknowhow.com.au
check out my new web siteAustralian and New Zealand The United States Property Researcher and education
One Day property investment research workshop The United States. Please register your interest
http://www.changingplaces.com.au Buyers advocate.Nigel Kibel | Property Know How
http://propertyknowhow.com.au
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