Hi Noobie,

I can’t help you with your Australian investments. I can however offer some sound advice moving forward.

First, be conservative and keep a large cash reserve. How much depends on your living costs but I recommend 1 years worth covering all costs for you to live in the life style you have become accustomed too. This is very…[Read more]

Hi Ambosh,

No, I don’t receive any of the money they charge as fees. I provide a finished product to them that they market at prices listed clearly on my website. How they market that property and make money is not part of our agreement. David asked if anyone has worked with My USA Property before, and I have as a ground partner. As a ground…[Read more]

Hi David,

I work with My Usa Property as their ground partners in Detroit. I have enjoyed working with them and as far as my side goes, things have always gone well. Obviously I’m not an end user but my experience as a provider has been positive. We have taken care of Andrews clients well. Hope this helps. Thanks.

You may want to consider building your own ground team. I replied to another topic that covers some helpful hints.

https://www.propertyinvesting.com/forums/property-investing/overseas-deals/4331400?&page=1#comment-214470

Hope this is helpful.

Some thoughts on working with ground partners in America

Ground partners are a necessity if you are buying property in another country. Even if you were to move to America it is unlikely that you could do everything required to renovate and rent or sell your property. This is especially true if you plan on renting your property. Unless you…[Read more]

There are many banks that will allow you to open bank accounts via the mail even if you don’t have a ssn or an itn. They will ask for a notarized copy of your passport and another form of government ID like a drivers license.

The four I recommend the most frequently are large banks with familiar names for my clients: HSBC, Chase, CITI, and…[Read more]