Hi Steve,

That would be amazing if you could hunt down a definitive answer for HSBC.

Cheers,

Ben

Thanks for that Cococam,

I’ll be calling HSBC straight away tomorrow morning to confirm this. If so then I may as well cancel my account with them.

Hey Rick, that bank seems to be based in Florida. Did you buy in Florida?

Jason,
I’ve got an HSBC account. The 3 months is a necessity, so just open your account today if your not needing it right now and in 3 months you’ll be able to get one possibly. I was told that is on a case by case scenario. Hope that helps. I currently have not had my account for 3 months yet so I cant let you know how easy it is. I would assume…[Read more]

Hey Troy,

Sounds interesting….

In what states does your lender’s loans apply?

Beautiful.

Thanks Qlds007/Richard. I’ve found some real easy stuff online. Cheers!!

Your right I do believe I was complicating matters. Now I just need to find out whether I can claim the interest for an overseas property investment or not. And if so where I can claim it. OS tax return or AUS tax return…..

Hope your having a good…[Read more]

great info scout!

Just quickly did you set up a bank a/c when you were over there linked to your LLC? Or have you done all that from here?

I’ve just been into HSBC but for a bank a/c in personal name and you have to open an a/c with them here first and hold it for 3 months before they will open an a/c from here in the US. Slightly frustrating….

Shape, I would imagine it would be the 2nd option as cash isn’t easily available to them (all tied up in a negatively geared property). Basically I don’t want to do it unless they can claim it as a tax deduction or get something out of it. How to make a paper trial? There has to be some way around this. Looks like I’ve got a lot of reading to…[Read more]

here him, hear him!

Well said YGWYPF

Thanks Terryw,

No one in my family has ever had Centrelink so I doubt that will affect me/us?

Yeah you pretty much sussed out what I was thinking there with the LOC as they don’t have it handy.

Do you have any idea how this would work though? Claim the Oz loan directly on the US property? Claim the loans here in Oz as a deduction? Shady waters…[Read more]

ajayayyar wrote:

RickH wrote:
Hi Ajay, I have had rentals in Qld before but this time wanted something with low outlay that generates immediate income. We purchased a renovated 3 bedroom house in south Kansas City Missouri. After proprty taxes, management fees ect we clear about $700 p/m. 1st payment went into the account the other day. I have…[Read more]

hey mate love to be able to meet up but unless some miracle happens I wont be there in July, but I will keep it in mind!!

morpheus thanks for you quick reply!! good luck. I’ll be checking in on your progress. I’ve read A LOT about Dallas – FW. My brain is going to explode. I imagine it will be great for you to actually get your feet on the ground there.

morpheus – Congrats on the blog, I really look forward to reading and signing up to your blog too. Do you know of any other blogs anyone else has done? I’m on the information hunt….Also why have you called it usapropertynightmare? just wondering….

I too am thinking of doing the same thing but am probably a lot further behind you in the scheme…[Read more]