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Thanks for the reply, this is a condo situated in a nice suburb in Miami. the price is 330k or above. the rent is currently 450 weekly and the expenses is about 1300 monthly.
Thanks,
I am from Sydney, I am not sure the whole process needs to be face to face consultation of if it can be done over the phone.
Thanks Nigel for your referral, I will have a chat to her next week. yes It is quite expensive for to get the accounting done for just the single home. If we looking at refinancing the the property and use the equity to purchase another one do you know of any financial institutions that will lend to foreign investors?
and the likely taxation structure to go about this?
Thanks in advance.
Do you want to strickily invest in the Australian property market or you have more fixible than that? I have invested in a nice 1 bedroom premium water front condo in Miami for 1/4 of Sydney price about a year ago and it has been doing quite nicely in terms of capital gain. at least 50% above its purchased value.
But getting the tax and everything right is a pain and still trying to work that out, I've call up a few accountants who can do this for me have quoted me $1400 for setting it up and do the 2011 tax return and $1000 every year after. The other one qouted me for $2100 to setup and 1200 for each year! with different tax structure! I will talk more in another thread to seek some experts advise.
