Always consider your exit strategy.Will it take a bigger fool than me to buy the house when I go to sell it……….

jayhinrichs wrote:
OH come on. what horse crap…..just call a spade a spade <moderator: delete personal comment>.  who falls for this bunk anyways

Hi JayI think your summary is too harsh. Fraudsters and out and out crooks??? Nah.At the end of the day, they claim to be a buyers agent for Australians wanting to buy properties in the USA. Which…[Read more]

FrankHow did you go?????Gary

To the original poster.Sorry about the bad deal. Hope it all works out for you.I bought 2 properties from My USA Property.For me, I got the feeling they simply linked me up with a wholesaler in the USA and randomly selected properties from their webiste. All questions I had were re-directed to the wholesaler. The wholesaler did all the work. The…[Read more]

Hi Money for Jam"My USA Property" changed their name to "US Property Sales Australia" about 6 months ago. All the staff and processes slid across under the new banner. I think you will find the name of "My USA Property" is dissappearing, not the company.Ironically, I bought my first US property through "My USA Property" and it was actually a p…[Read more]

Thanks Property_scout.I think I work too many night shifts………..Thanks for your input into these forums.As an aside for everyone. The A$ is moving!!!!!I imagine this will slow down Aussies investing into the US market. It's certainly going to put a smile on my face when I start dragging the rent money back into the A$…………I read…[Read more]

Anyone intending on investing in properties in the USA I strongely encourage you to make the above website a part of your research. It appears excellent on the surface and if I go again, I will research this website first and bypass the buyers agent."apologise for ruining the secret but http://www.americanrealestateinvestments.com supply to all of the a…[Read more]

Property_scoutI agree with you and disagree with you. To put people who are time poor and lazy in the same basket is just unfair. "I am the kind of investor who likes to do it on my own and research research research and find the best bang for your buck. I feel that going through an Aussie buyers agent has its pros if you are lazy and time poor bu…[Read more]

Hey RickDespite the thread "Beware My USA Property"…………………I'm using My USA Property or whatever their new name is. I guess when you create a thread asking people to air their grievences, you'll invariably get a few.I've not had any major issues with them. -They've made the buying process straightforward. -They did pretty much exa…[Read more]

Hi RickHAn answer to your original question.Just the one property. Almost have a second in Kansas City.But I will stop there I think. There have been some recent tenancy issues with the first property. Promising to pay the rent then not. Then they become uncontactable. Then they claim to not have any money……………….Stress. Not much you c…[Read more]

Hi JayhinrichsAre you from The True Wholesalers Houses website at:http://www.truewholesalehouses.com/jayhinrichs.htmlYou had me worried when above you said "..wiped out if your buying 40k an under properies in theUS.." Maybe its the wrong Jay Hinrichs but at that website above at True Wholesalers there is a house for sale at Jackson: Jackson, MS…[Read more]

Jayhinrichs has spoken.Interesting post.

Try Andrew Kitchen at Raine & Horne McLaren Valeandrew@rh-mclarenvale.comMy wife did all the research and selected him to look after both our properties. He's been excellent for us.Very switched on.Good luck.

TassieJH wrote:

rlillycrop wrote:
Hi TassieJHI think you will need to check with your Australian tax office what needs to be reported to the IRS because of the tax treaty situation. Generally with LLC income it is passed through to the individual(s). So with single member LLC's you are taxed like an individual and with multi-member LLC's the…[Read more]

Hi StuartDid you get your answers to your questions??Did you go with an "expert" and if so, which one? cheersGary

I was vaguely aware of the Playford Alive rejuvination project.The Land Management Corporation has made some pretty audacious claims in the past and it seems like they are making some huge claims in this project. Yes, lots of promises but I'm not convinced. My cousin lives in Davoren Park. Chronically unemployed. 7 kids. Can't move out because he…[Read more]

Hi LizI've lived in Adelaide since 1996 and in South Australia since 1984. If someone in the street came up to me and asked "what is the worst suburb in Adelaide?" I would immediately say: "Davoren Park". I wouldn't need to consider it, think about it, or reflect on it. It's "Davoren Park". I have several investment properties around Adelaide and…[Read more]

Thanks for your input Craig.I think the way you have done it is probably the best way to do things with the highest return. Not just the hightest return but the most rewarding experience.Time.It all comes down to time. Cut out the middle man and do most of it  yourself. Me? I had to use a buyers agent otherwise I simply wouldn't have done it. I j…[Read more]

I think My USA Property has ceased functioning under its current name.Name change: US Property Sales Australia

Trawling through the old forums on night shift.Love this post.cheers

jayhinrichs wrote:
Highincome,when you establish an LLC you have to have a registered agent for Service that is located in the state of your LLC. If you get sued its your resident agent that gets served. And you will get sued personally as well no lawyer just sues the LLC. The…[Read more]