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Even better strategy. I woke up one day and realized that I didn’t have to wait for my own credit history to be established. All I needed to do was share good credit history on select credit cards that my husband held. Just add your name. That’s it. I jumped from poor to excellent credit in a few months.
I’m a former Australian, now living in Texas. Years prior to moving, we purchased an investment property without using anyone other than engaging a real estate agent to act on our behalf in purchasing and then managing the property. However, depending upon your level of investment and tolerance for risk, I know that many investors will engage an attorney to establish an LLC….and then use the LLC to purchase property to protect themselves from potential lawsuits. We decided to act out insurance instead. Do your own research and figure out what you’re comfortable with.
Amilia
I’m happy to share my experiences as an Australian now living in San Antonio, Texas. I initially invested in property while still living in Sydney and about a year ago, decided to relocate my family here as well.
I may be biased because it is now my new home town. However, I think investing in a city like San Antonio is a smart choice.
San Antonio is expected to double its population in the next 10 years. It’s median age is 34. It’s home to a huge medical centre/research, headquarters to a number of major corporations and 3 military sites, good tourism……and thus, has a diversified economy and good property and rental growth. It is also one of the most affordable places to live in the United States.
Unlike most other cities in the US, property prices in Texas…..and San Antonio…..were mostly unaffected by the property bust experiences elsewhere during the GFC.
Btw – I’m originally from Sydney and relocated to San Antonio with my family a year ago. Still have investment interests in Australia and hope to expand in San Antonio once I establish credit here. Unfortunately, as a US resident, that’s a slow process. It was easier to secure financing back in Australia.
