Hi there Tim.

I believe you are entitled to depreciation on the property. If it is residential property, it would be over a 27.5 year period.So the newer the property, the more you can depreciate.

I think you should be contacting a qualified CPA however to get all the information you need.I am going through the process on a brand new property…[Read more]

Hi Ben,

I’m sure plenty of people on this forum would be interested to know more.

Are you 100% sure that 90% finance is avalible for Australians? Have you done loans at this rate already. I have also spoken to many brokers in the US and 90% has never been achievable.
What is the interest rate, what are the set up fees involved etc. Does it to…[Read more]

Hi Thomas,

Thank’s for your posative feedback. Always appreciated and glad to know you are happy with your investments.

I also look forward to spending time with you on our tour in July. Its going to be very informative as well as lots of fun.

Regards

Chad

Providing Turnkey Real Estate Investments In The…[Read more]

Luke,

Looking forward to it mate and definately planning on having a good time also.
All the very best with your plans also mate and hope that your last visit was also fruitful for you.

Providing Turnkey Real Estate Investments In The USA.

E-mail:chad@gr8realestateinvestments.com
web: http://www.gr8realestateinvestments.com

Solomon,

Texas is one of the hottest markets in the US right now so capitalising on that market makes sense for me at this point in time.Always of interest in hearing everyones experiences on other markets though.

There is a new market South of Texas that my partners in the US are establishing at that moment though which they will be showing…[Read more]

Hi Solomon,

Also try World Savings, they will lend up to 70%LTV on single family dwellings in Texas and other US cities providing you have a bank account.

I have met several brokers during my visits to the US and unfortunately they do have agreements with who’m they deal with.

I find a good broker is all you need as they will shop around for…[Read more]

Hi Luke,

I think integrity has to play a big part. I think its always good to work of the worst case numbers and if it works out better then great.
Personally i would not take to much notice of the “potential rent” .In the example you provided, there is $150 difference on what the property is currently renting for and what they claim to be the…[Read more]

Any form of investing has an element of risk. Investing offshore certainly increases it, no doubt about that.

The key to eliminate the risk is to invest the time and money into building a “Firm Foundation” first. Guys there are some awesome opportunities in the US right now. Providing you invest in building a solid foundation first, I beleive…[Read more]

Solomon,

My advice would be to establish yourself with a good finance broker who has access to many lenders. Someone who knows and understands US finance as it changes from State to State.

I have sent many clients to Richard Taylor to assist them with there finance so maybe give him a call.He is at http://www.yourstatefinance.com . Also just one other…[Read more]

Hi Kate,

Saw your post. Another recommendation is the USA. Have a look at San Antonio and Austin Texas especially.

If capital growth and 10% plus returns is what you are after, then you should do some research on it. If you are not to worried about capital growth but cash flow focused, then check out Buffalo NY.
You will also achieve a good ROI…[Read more]

Piggy,

I agree with everyhing you have said in your post. Including the issues that Buffalo currently has going with homes being sold overpriced.I am one of those Aussies who are buying,rehabbing and selling for a small profit in Buffalo. I have established a great relationship with a guy in Buffalo and we go Joint Venture on the deals. I felt…[Read more]

Mintman,

I agree with Westan, “Essential for finance”
You can do it with a 35% deposit without a bank account . I have done it with a client with World Savings who didnt have an account at the time of his purchase. Also needed for rents etc not to mention it provides you with a financilal history as well which could be of benefit in the long…[Read more]

Hi Julie,

I have a bank account set up in the USA. If you are going over there in April, your best option is to go directly into a branch. They will set it up for you and provide you with an account number immediately. My bank account is with HSBC which is a checking account. The only ID that was required was my passport. They also took a copy of…[Read more]

Westan,

Thanks for the advice once again . I will defiantly keep those “potential problems” in mind . If I do encounter anything major, I will definitely post it on the forum to make everyone else aware.

Cheers

Chad

Providing Turnkey Real Estate Investments In The USA.

E-mail:chad1609@bigpond.net.au

H Westan,

This is actually a very low risk investment with very high returns .Which is why I am investing in them.Implying that the failure rate is high is a very general statement. A bit like saying that the property bubble in the USA is about to burst which in general terms may be correct in some states but doesn’t apply to the entire country.…[Read more]

Westan,

Thanks for the advice on the mobile homes. I appreciate the word of caution. We are not actually renting them out however but owner financing them therefore the upkeep is not our responsibility which is great as it takes away the tennant issue as you rightfully addressed.The strategy is also done under a joint venture arrangement in which…[Read more]

Just to add to the topic on USA Finance, as recently discovered with one of my clients, you can get away with a bank loan without a US bank account with a 35% deposit. Obviously I would highly recommend a bank account though for convenience and to benefit from the lower deposits.
At the moment the only bank I am aware of that actually sets up bank…[Read more]

Hi Flash,
Yes I am getting into mobile homes myself. What a great cashflow vehicle! With very similar returns to what you have predicted. 50% ROI is being very conservative. I also work on these numbers. I purchased the mobile recently for 6kUSD. It is a big home, 3 bed 1 bath and looking to sell it for anywhere between 12-14k under owner finance…[Read more]

Hi JMAN,

Wouldnt it be nice to have these rates avaliable to us. I can share a little on this topic as my business partner and I did in fact go through the process to take out a euro based loan for Australian property. Basically this is what I discovered.

A- You need to be earning an income in that particular currency and
B- Need to be a…[Read more]

jefferson,I agree 100% with bardon.You simply dont need to buy retail in the USA. I am currently purchasing over there myself and yes it is worth it providing you focus on the wholesale deals. My advice would be to study the market befoe jumping in. As far as the downturn next year, this is probably correct for certain parts of the USA. The…[Read more]