Forum Replies Created
All of my research was based in Georgia/Tennessee. The south was not as badly affected as a lot of other areas in the US. Unemployment levels are stable, new business is moving in, houses are gaining 6%/annum and home sales (at the non-foreclosure end of the market) are increasing every month.
I bought my first foreclosure there and have now got it ready for sale. I have a great team over there and am totally committed to invest time and money into the area to gain solid returns.
Just my experience.pbod wrote:Thanks Josh. It sounds from your post that it is possible to purchase US properties via a Hybrid Trust. I agree that is wouldn't be worth it to set up a trust solely to purchase a few properties – but since I already have the trust set up, I may as well use it.Make sure you have the right structure set up in the US. There are all sorts of taxes to consider including capital gains and income tax. There are also state specific taxes that may impact on you if and when you sell. Also be aware of the need to protect yourself from litigation. Have you considered the tax advantages of owning an offshore business and what structure would work best to optimise those opportunities?
