Detroit is not known as the murder capital of the USA for nothing, it is and will remain a very dangerous place, what a terrible waste of life when someone was trying to help others

British Buyer

Your thoughts are very interesting ,I am thinking on why you would be concentrating on condo’s? with the HOA fees eating into your ROI, why not stick to SFH. I noticed in your last email that a return of 6.86% on a condo. I can get 6% by leaving my money in Australian banks and not have the hassle of dealing with having to rent out…[Read more]

Mojorising

I am also reading his thoughts and observations, I have steered away from Florida, concentrating on area’s that have the possibility of capital gain and area’s that have only positive cash flow.

I have purchased in NY state for a very good ROI 25%nett for an investment of under 60K.

I did look into Florida when I was there earlier…[Read more]

wanelad wrote:
Thanks for the warning yes has been tempting however if there is a double dip like many expecting, could well be stung

Hi Wanalead,

I checked out your blog, very encouraging, I know that this is a property forum, not wanting to get away from what everyone is here for. Still our eternal destination is far more important in the…[Read more]

Hi BevK,

I have started a business called invest USA, we are in the process of setting up a website which should be online in a week or so.

We do currently have properites that are for sale that have tenants in them already, getting ROI over 16% nett. Prices starting from 31K

When you look online at certain properties that seem to good to be…[Read more]

mojorising wrote:
Thanks Jeff,Would be interested if anybody has kowledge of actual numbers.Like in Australia the basic rule is that we pay CGT at our marginal rate of income tax on 50% of the profit – for property held more than 12 months.

Mojorising,

I have contact with an accountant that I use when purchasing property in the USA, he is…[Read more]

dan luchmaya wrote:
You would be better off buying already tenanted homes from other companies. The property that I purchased fro0m TRR settled in July and reno completed 2 months ago and still no tenant. TRR finally came back to me and  said that I needed to do some more reno works to attract a tenant.What a dud!!!

Hi Dan,

My brother in…[Read more]

Hi Mojorising,

From what I understand it is a sliding scale, the longer you hold onto the property then the less the capital gains tax you will have to pay. I have a US Tax accountant here in Sydney that I use, as my investment strategy is to hold property for positive cash flow my main interest is in that area, however I will be purchasing some…[Read more]

Hi JacM

There are a number of companies that have set themselves up here in Australia to advise people were to purchase in the USA, some are buyers agents the others are not. I have read some of the blogs on these forums from what i have read they provide a service, it is a hit and miss result.

My brother in law purchased 4 properties from one…[Read more]

Hi Kate

I am investing in upstate NY, good entry point re price, the people that I am dealing with only sell tenanted properties. ROI can be up to 25% nett.

I am also looking in to Denver as the capital gain prospect is better that upstate NY.

It depends on what your strategy is re capital gain hold for 4-7 years or positive cash flow.

I have…[Read more]

Hi British Buyer,

You need to be carful re HOA, I remember when I was looking into Florida property, I has a real estate agent based in Orlando that was concerned some of the HOA associations were going bankrupt with no funds in there accounts to do any repairs on the condo’s. I can only advise you to do some serious research on any condo’s that…[Read more]

If one was to invest OS, why would you invest in India, I did business in India a few years ago and to be honest I would think twice about doing anything there again. Property investment would be a nightmare I would think.

I am investing in the US property market residental homes. Good positive cash flow, they speak the same language as us and…[Read more]

Gullotemi,

I read the article that you posted. I am amazed at all the people that are purchasing in the Sth Florida area, I know that there seems to be good deal out there but as far as capital gain is concerned there are better area’s in the USA.

I am investing in cities that has good vacancy rates, unemployment figures are promising and in…[Read more]

British buyer,

Were did you get the idea that a tenant can with hold rent, you would have a management company that would be renting the property out, no tenant would have the right to withhold rent. I would consider that breaking the lease. How would the tenant know that you were an overseas investor

I own a number of properties here in…[Read more]

Hi PQ,

I have not heard of this before I just purchased a property in the New York state area and I have an attorney there that has handled the purchase. Did you set up an LLC to purchase the property, what tax structure have to set up? Did you speak with any accountnat familiar with Australian/USA tax laws?

Jeff

Hirav,

I would be very skeptical in purchasing a property for 15-20K. I have been looking into USA property for a while and have not seen to many of in this price range, if they are they would need extensive rehabs. Can I ask you which area in the US you have seen these properties?

You would need to from a LLC to be able as a foreign person to…[Read more]

Hirav,
My email was incorrect it is [email protected]
Sorry about that

Jeff

Hirav,

I am based in Sydney, the company is called Invest USA. We are just finishing up our website. You can contact me [email protected]

Hi Kimbopumpkin,

There are more fees involved up to $3000 to purchase a property, from what I understand once you pay an entry fee you get access to further info.

I can give you you 2 accountants that can advise you one charges $170 per hour, the other $330 per hour, the difference being is that the $330 per hour fellow has over 17 years…[Read more]

Hi TassieJH

I have opened up my profile to receive emails. If not you can email me [email protected]

I can be contacted there.

Jeff2tract