Total Members: 159,197

djjk

  • djjk replied to the topic 10 yrs to retire if all goes well, Advise would be great!! in the forum Creative Investing 14 years, 7 months ago

    The advice you have received on here is sound.  Please, please do not give your 45,000 to this guy.  This sounds like a serious scam.  Build your own network with Solicitors, buyers agents, building inspectors, mortgage brokers etc on your own or with tips from people that will offer this info for free.  Im in Sydney and can pass on the det…[Read more]

  • djjk replied to the topic Foreign Investment Fund Tax in the forum Overseas Deals 14 years, 7 months ago

    ChizSuggest reading this guide on the treasury site for more info on fifs/cfc's if you need it.  http://www.treasury.gov.au/documents/881/PDF/RITA_Glossary.pdfThe goal of the FIF/CFC regime is to assess Aust resient taxpayers accumulating significant offshore passive income which could otherwise be deferred.   Under FIF, you would be taxable on th…[Read more]

  • djjk replied to the topic Paying tax on American Property. in the forum Overseas Deals 14 years, 7 months ago

    ArchnicI read your post with interest and thought id have a go at some of your queries.  I have recently purchased some units in Jamestown, NY and am an acct in oz.  1. I believe you would be required to complete a US tax return regardless of whether you are holding the property through an LLC, C Corp or your own name.  Of course, you SHOULD be…[Read more]

  • djjk replied to the topic Has anyone used a Property Broker to buy in US? in the forum Overseas Deals 14 years, 7 months ago

    Hi NigelAgree that the Atlanta vacancy rates on the sites, (such as bestplaces, yahoo real estate, redcapital etc) look high in comparison to other large metro areas but i havent seen 16% quoted.  Closer to the 10-12% mark.  Where did you see that out of interest?   Also agree on the independent research.  Suggest to anyone purchasing buy and h…[Read more]

  • djjk replied to the topic Has anyone used a Property Broker to buy in US? in the forum Overseas Deals 14 years, 7 months ago

    Try Mike and Bron from Top Rental Returns.  They are aussie brokers that have setup in Atlanta.  They are flipping houses to Aussie investors by assisting with the closing process, sourcing property mgrs, attorneys, contractors etc.  They are just starting out in the US, but experienced in property in oz.  toprentalreturns@gmail.com

djjk

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