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

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 investing came up.

It has only been one month but total rent collected was approx $23,900 last month.  Purchased at ~ $2.4million. 

Still in stabilisation phase – still has significant vacancies.

3. In all honesty, there has been a lot of frustration and ups and downs. 

All in all, so glad we went with it when we did. Looking forward to the stabilisation process now

I have sent you a relevant link to all this.

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

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 have been looking since May 2012 and to be honest, thought I'd never get into the market at all!

I took a visit there in May 2012 and it's such a different place to A'lia.

Their type of recession is so different to our type of recession. There's just so many ppl there. So much business activity.  A sense of entrepreneurship. A "no give up" philosophy to life.  Strong sense of community and strive.

I don't really know how else to describe it. I think you just have to head to USA yourself to get a real sense of what things are really like.

Sometimes it's just your gut feeling.

But like I said, I'm not technical on this, would be good to hear from others too.

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!

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/

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

Thanks.