Nigel,

As we have met on occasion, and know each other personally, i know of your background as well, so please don't get personal on this forum, it belittles you.

This thread is for information,  and to offer help and advice, and although you might travel to the US all the time, you are mostly in the commercial property area, not residential,…[Read more]

I think this subject has been done to death and there are some so called experts giving there opinion or advise on this thread, so i asked my contact  to give me the correct and legal advise for opening accounts without being there in person ( I have a few, but my main contact is a senior banker and senior business manager, so I think he knows a…[Read more]

Just to reply to some of the comments here, according to the Patriot Act, yes, there are strict laws that apply.

However, when I mentioned that you need the right contacts, it's still holds true.

So far, i haven't had any issues with opening an account for buyers, I work with senior people and some managers, and the ones I work with have all had…[Read more]

When trying to buy directly from the MLS, many are what's called HUD homes, that are listed with selected realtors, if looking at placing bids on them, they will give preference to someone wanting to be a home buyer for themselves, before they look at an investor.

And that can lead to multiple offers on the property being made, and quite often…[Read more]

That's right, certainly their not closing down accounts held by Aussies, as I'm opening accounts with Wells Fargo all the time, and have just opened another one for a client buying through his LLc / Trust, and had some unusual requests for the bank account, that they normally don't do, but it was all done and has now been opened.

I think going…[Read more]

I would also agree with some of your comments, however, there are some points you make that I think are open to discussion.

I think that firstly, if buying through a local company over here, unless they have actually brought the properties they sell in the US, which can easily be checked if they have taken title to the property, ultimately, you…[Read more]

One of the most asked questions i get is how does a buyer know that they are paying the right price to start with, and that they are not getting ripped off, never mind any work that has to be done, or has been done, that is included in the selling price, even that can be questionable.

Going to places like Zillow or in fact most online appraisal…[Read more]

Hi Sonic81,

Do you have a particular location in mind? As it's definitely possible to get US Finance in that price range, and get good quality well located property as well.

There are a number of claims to get all sorts of low rates, but some are through local banks and only lend locally, or in that state, or, they have certain lending criteria …[Read more]

Hi Phil,

I get asked quite a lot for the contacts I've made, and I always tend to use them to look after my buyers, as part of the services i provide to them.

One of the main issues i have, and that's why I only ever use this forum piecemeal, is that i get a number of replies when i do include an article, that usually tends to put me down,…[Read more]

To remark on all the above answers, i don't know if there is a right or wrong answer, as everyone involved in some way with selling US Property is always going to try and push their own barrel, it's only natural.

Yes, someone can purchase direct  with a company based in for example Australia, who do actually buy  ( Take Tilte ) from whatever…[Read more]

There are so many sites to look at, whether it's for pricing, walk ability, crime, schools, sold or for sale, etc etc. that everyone seems to have their favorite one they refer to. and yes in most cases you have to still use your own judgment as many are so far of the truth, especially for pricing, the area info is normally pretty good…[Read more]

I know it's been a real concern for everyone buying in the US, to be able to open a Bank Account without all the hassles and negatives that are thrown at you from both locally in Australia and from most in the Banking Industry in the US

I have had my fair share of working with different managers over the last few years, and just when you think…[Read more]

Just my few bobs worth to throw in the mix.i am mostly involved in Indianapolis and Kansas City MO for my buyers.But rather than me saying that these two are the best, or Atlanta  or Memphis, Orlando, etc, or wherever, most good cities have like anywhere in Australia, both good and bad areas, it's just the same as in Melbourne or Sydney etc, you…[Read more]

Two points regarding questions above.

Firstly, Yes you can open a US Bank Account in days, without having to travel to the US, or without using third parties, I am doing it quite easily for my clients, you need an LLC or other form of business identity, plus the normal US Street Address and Phone Number, all of which can be supplied, again, I…[Read more]

avest50 wrote:
There are so many sites on the internet about purchasing U.S property. Some people say its a great opportunity and others say its a scam… Who can I trust?

One of the many problems that unwary buyers get caught up in, is that there are so many US Property Supply Companies who are either trying to self promote on forums such as…[Read more]

If looking to open a US Bank Account, there are a few ways that it can be done without visiting in person, but one of the most important things to remember, is that when dealing with a particular bank, the Business manager is the key to whether you have no problems or nothing but problems, or you get a Personal banker to work with.A number of…[Read more]

Hi Dansu,I haven't sent any information to anyone on this site for a long time, but i know that many people have been given the wrong advice by so many so called experts regarding buying US Property through their SMSF.There is heavy penalties if you have not done everything correct from the start, and I have just had clients buying safely through…[Read more]

Also my two cents worth, if buying through an agent over here, you have every right to know exactly who you are buying from in the US, their history, are they investors in the areas themselves, how long have they been in the business, how well do they know the areas where they are selling the properties to investors, what is their set-up, do they…[Read more]

 What did you spend that much on?????, and I would be interested to know if you went through someone that did it for you, as there are many so called experts that are just out to take advantage of those that don't know the real deal, or how to go about it properly. Of course there are fees to pay, but within reason.Are you also looking to…[Read more]

What would normally happen,  you normally would get your LLC in place then get your EIN, to get an ITIN, can take many months and even then it can be knocked back, it can be quite difficult to get one. The best advice I can give as I am not a licensed tax agent or cpa, and you shouldn't take just anyone's advice as  everyone's circumstances can b…[Read more]