Forum Replies Created
- quickchick wrote:Jamie,In regards to which bank to use…
Be aware that most banks do not operate in every state of USA.
Also, the way we do online banking in Aus to transfer money from one bank to another, does not work in USA.ie Seriously, they sent a written cheque in the mail, from one bank to another bank to transfer money.
And it took over a week!So first, identify which state(s) you want to invest in.
Then find out which banks operate there.
Then choose between them!US banking is a whole different system to ours, and much more complex because there are hundreds of banks, which may operate in a small area or across most of USA.
We opened an account with a bank which operates in Florida.
Then decided to invest in Arizona, and found that the nearest office of the bank was Chicago (half of USA away!)We are now with Wells Fargo, who have been fantastic BUT only because we go over frequently and have built professional relationships with the staff.
Thanks for the reply quickchick. Much appreciated.
Hi MJ,
Are you able to tell us what bank the loan was through?
Jamie.
Does anyone recommend a particular bank to use?
How long do you have to live in a property to not incur capital gains tax? Is it 12 months or am I just making figures up?
I have an iPhone app iXpense it. Only a few bucks, portable and easy to use. Just punch in the data take 1 min after a purchase and has easy to track monthly expenses. Great for personal expenses or a basic business expense app.
Search for Property Secrets CEO is Paul Giezekamp. He's a coach and also finds CF+ properties for a fee. Anyone else used him before? I had a meeting and looks good to me.
I have just joined part of the site. The search, analyzer and portfolio tracker part. A bit pricey at $790 for 12 months. Has anyone used the the valuer and research parts to the site. This costs an extra $1499! is it worth it?
Anyone have any experience with investing in the western corridor of Sydney eg Penrith and surrounding suburbs? I'm looking at purchasing around there a 3-4 bedder that needs a full reno. I've been told it looks like booming in the near future however I'm trying to find evidence to back this up. Can anyone confirm or deny these allegations? Or know how to find facts to back this up?
Thanks very much for the help so far.