Streamline – are you offsetting the loan against one of your already existing USA properties?

Blackhotel, which bank did you borrow from, and how did you manage to do that?

Thanks everyone for you input! I have been reading all of them as they came in despite not responding.

I think all the suggestions are great and I still think its a great idea.
However, if you haven't convinced your partner that it's a good idea, it's a no go from there!

I'm interested to continue to hear of how ppl managed to pull this off…[Read more]

jayhinrichs wrote:
congrats.   51 plex means ????  is it a 51 unit apartment… or 51 duplexes or fourplexes… What area of the US did you make this purchase.  I certainly hope it is a successful venture for you and your partners.

– 6 efficiences
– 8 motel studio style
– 24 one bed, one bath
– 9 two bed, one bath
– 3 two bed, two bath
– 1…[Read more]

To answer your questions….

1. I'd only recommend investing in US after you have done significant amount of research yourself regarding it.  We spent money getting educated first.

2. Settled on a property with 3 other JVs in June 2013.
It was about a year of looking around because the market has moved significantly since the initial topic of US…[Read more]

Hi Jay,

Agree that things have died down a lot over the last year.
I decided to chronicle my journey on a personal blog rather than post things on here.
After a year of ups and downs with the US market moving so quickly making things ever more difficult, am pleased to say that we have recently settled on a 51 plex property with 3 other joint…[Read more]

I am about to close on a deal and got told that b/c I owned nothing in USA, then I could not borrow. So most interested to find out from "Facilitator" if there is an opportunity to do so. Already with Citibank.

Thanks.

Mine is:

Brad Davidson    CPA
Client Services Manager
the Practice
Ph: 8888 4000

The companies that sell the buildings include the city council permit in the cost.

I'm not one of the technical persons on here, but in the process of buying in USA at present.
I agree with Nigel that the market is not falling.
In fact it is getting so hard to buy because the market is moving upwards so fast.
We've had to settle for lower returns compared to what we were aiming for in 2011 because it has changed that much.
I…[Read more]

I realise this is a bit of a late response to the original question but thought that I'd let you know that I know of an Australian couple who have just managed to get financing for a recent property purchase.

They originally spent about $1 million in property last year and now the banks are willing to lend to them as their loan is secured against…[Read more]

Yes, I thought that the minimum was $10k too. I just sent through some $$$$$ into the Passive Fund and I can certainly tell you that it wasn't $100k!!! So let's see if the cheque gets sent back to us or not!

I'm heading to USA and setting up a bank account this Friday…..Let's see how it goes!http://investingjourney.tumblr.com/

British buyer is right – I am going for 10 days soon! Will be blogging and checking out the place and hoping to post up pics and do updates whilst I'm there.http://investingjourney.tumblr.com/

Miami area South East Florida

Anyone else currently in Miami investing? About to head over in 2 weeks' time.

That video is pretty scary….

Thanks.

I'm looking at going wit Citibank based on personal recommendation. However my question is whether or not anyone has been able to setup a bank account without physically being in USA?Thanks, Kim

How about paying it down as much as possible now………..but not close the account. And when it's time to move to the new PPOR, remortgage this IP (the first PPOR) with interest only payments. Does that make sense?