TZ wrote:

AREIJoel wrote:
Guys, I truly believe that going through an agent who relies on commissions is the wrong way to go about it from a foreign investor perspective. If you are going to be managing a property from so far away, then you need to align yourself with a company who is not in it for the short quick profits. Sure everyone…[Read more]

I think before looking to invest anywhere you will need to understand the risk:

Currency Risk
Litigation Risk
Market Value
Insurance
Vacancy Costs
Maintenance Costs
Taxation
Entity Structure
Property Management

BUT….. there is something that is even more important than the above issues before you should take your next step:

YOU and YOUR…[Read more]

I am hoping that people will not lower their criteria to still chase the 15% + returns in less fundamentally attractive areas.

This is where the herd will get slaughtered in my opinion.

There are 3 phases in any new bull market, and I think we are entering phase number 2 as we speak. The smart investors have all positioned themselves in well in…[Read more]

US Banks are tough work Richard in regards to making it hard for Aussies to wire money.

The problem is most of us don’t have ITINs. Once you get this with your first tax return, your wiring will be easier.

So while you wait for an ITIN, the key is getting in with a good retail bank manager. Establish yourself in with someone. Sure some companies…[Read more]

Hey there WI,

Not sure if you have your own property manager in place or managing it yourself but most property managers offer this service for around a $75 fee.

Best to ask your manager when the last assessment was done and what the current assessed value is. If it is high then obviously it is worth the appeal, if its low or near to what you…[Read more]

Check these links out for more information.

http://www.ato.gov.au/superfunds/content.aspx?doc=/content/65779.htm&pc=001/002/012&mnu=44863&mfp=001/149&st=&cy=

http://www.americanrealestateinvestments.com.au/smsf-investing/

However, it doesn’t mention Bank compliance issues but is a good start for people wanting to go down this path.

Most…[Read more]

Worldinvestor is on the money.

You don’t pay double tax.

Whatever you pay in tax on US soil, you will pay the balance owing in Australia.

e.g.

1. If you earn $10,000 in rental income in the U.S. (you would be classified in the 15% tax bracket)

2. You will pay 15% tax to the IRS.

3. If you are on the 30% tax bracket in Australia, you will…[Read more]

Not too sure if I agree with companies charging membership fees I’m sorry.

Charging an upfront fee for information and services that are easily obtainable on other websites are probably not a good idea to pay for if you are the consumer looking for true value.

I am using AffinityGroup Insurance which is a company the deals with specific real estate investment insurance.

Underwriters are the National Real Estate Insurance Group. They insure in all 50 states. Here is the quick link I send our clients when they wish to enquire about insurance. Get a quote from these guys and see what they can offer…[Read more]

Guys,

I truly believe that going through an agent who relies on commissions is the wrong way to go about it from a foreign investor perspective.

If you are going to be managing a property from so far away, then you need to align yourself with a company who is not in it for the short quick profits. Sure everyone needs to get paid, but there is a…[Read more]