Forum Replies Created
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 citizenThe only reason I was able to take advantage of the opportunity was because my business partner was living in Europe earning euro dollars and has a dual citizenship.Because we were jointly purchasing , I was able to benefit from the loan.
As far as witholding tax it was 10% in this scenario.Other things to be aware of though was that they only give you a 70% LTV so you are required to provide a 30% deposit.
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 reason I say this is because the forecasts for San Antonio Texas is quite the opposite with strong capital growth predicted.I am certainly no expert on the USA market on a whole, but I’m very confident that you can still do very well in Texas.
