Hi Andrew, it is nation wide. Its just that each state is going about things in their own time and such! The link i posted shows the handful of states already set up and training etc ..and timelines when others expect to have their laws and stuff set.As an example of fines and restrictions on us as the Remodel Contractor, hubby being the…[Read more]

":If you are going to buy in America you should only do so if you are wanting to build a separate income stream to what you have in Australia".Hello Nigel, I totally agree with your above comment!!!Just out of curiousity, did you need to be a qualified Real Estate Broker in San Antonio to run the business there? I am only asking because here in…[Read more]

hahahah I am a Melbourne girl and lived on Westernport Bay , in somers and areas around it before it got over populated!And you gotta have a tough skin living even in KS!! The folks here are nicer than most, but this is the USA. We hope to head to the Gold Coast or further north to retire, as its great here to make money for sure, but theres…[Read more]

Hi again We have properties in Manhattan and Junction city right now, about 1 and a half hours West from KC, Missouri. Manhattan  is home to the Kansas State Uni, currently has about 23000 students (www.k-state.edu). Not a lot of factories/industrial type businesses, but being a hour or closer to Topeka (more industrial), less than 2 to KC,and…[Read more]

As much as I would love to be retired and sitting on the coast in Australia right now..I am here in KS, for another few years….funnily enough our town actually is home to the Wizard of OZ Museum and is building a yellow brick road )Happy you guys got a few giggles from my post, but more importantly I hope that in the future it might help…[Read more]

HelloI must commend Josh on being totally spot on with his advice!  The old adage "you get what you pay for" still is very true even with foreclosure prices across the US. Personally, I cannot see how anyone can GUARANTEE a return of over 10%.We live here and work here, so have the ability to be our own managers as such, and still would not rely…[Read more]

An LLC based out of Delaware affords the best protection laws for the investor, and they are recognised and upheld in all the states in the US. Delaware based LLCs have much lower caps on the amounts one can be sued for etc. and do incur a slightly higher setup fee and yearly admin costs, but this is something to consider if buying several…[Read more]

HelloLived in Atlanta for 10 years before coming out to the Midwest.  I beg to differ on the statement  "Taxes on foreclosed properties are based on the county assessed value which occurs generally every two years."  Taxes are done by the county officials every year for every property, they are open to public enquiry via the internet at no ch…[Read more]

Hello, you can inspect foreclosure properties, we have done so with the ones we bought etc in Kansas in the last 6 months.However..the politics we have found are pretty much if you represent yourself as an investment company you will not be able to purchase the property no matter how good your credit is etc. This is from personal and recent…[Read more]

HelloThrowing my hat in the ring here )We have targeted our investing to finding properties that are close to the local State College(Universities) as well as any major military installation. Our tenancy occupation is constant, even during the 2-3 months of summer when College is out as many of the folks maintain their jobs. also check on the…[Read more]

Hello, As stated above a single member LLC is regarded as a Sole Proprietorship for IRS tax purposes.  However it does afford some protection to its single member in other areas. A Delaware LLC is a good option in that Delaware has very good laws to protect LLC's and these do apply throughout the US. Yearly fees are reasonable and you do need to…[Read more]

Hello Most of this rock was distributed throughout the southern states of the US. Having been in the drywall trade for over 30 years, I can assure you it was used in Atlanta and Florida. I am NOT trying to put folks off from investing there etc, but it is definitely something that needs to be looked for and asked about when considering purchasing…[Read more]