Hi Rosa,My loan is in Australia which I pay from my money here and I am keeping the rent money in the US with a view to bringing it back over when the AU dollar drops. Although it might be short term pain, if you can service the loan in Aus and keep the US money over there, it could pay off in spades if and when our dollar drops.

Hi,Just wanted to say that I would advise taking on board everything lawjs says here. He and his sister Emma have been invaluable over on Somerset. Some of the most knowlegeable Aussies on US property on the internet.To 1eyeopen, congratulations on 'making the jump' at such a young age. The amount of people I have spoken to who are so interested…[Read more]

I'm happy to help. Recently invested in a property in the US, so I'm an unbiased opinion and not trying to sell anything. To repeat the other posters, you can do it!

Hi guys/girls, You really don't need a company to buy property through in the US, unless as previously mentioned you can't be bothered to deal with the ins and outs of it and are happy to pay thousands then no dramas. If you want to work through the deal yourself without hand holding, any mum and dad investor can do it. Sure there are hassles but…[Read more]

British Buyer wrote:
1. It's a once in a lifetime opportunity.  It's the biggest property balls-up since the Great Depression. 

British Buyer is absolutely correct. This is the perfect storm IMHO. But yes, definitely go over and check it out if you can. I just got back from a trip to the US and although I had visited the city previously, it w…[Read more]

One option is to open a travelex card through your bank. It costs $10 to start the card, which is essentially like a credit card, and 1% when you transfer cash and when you open the 'account' the bank nominates which currency you want to convert your money to. You can start off with any amount and then top up the acount via BPay or going into the…[Read more]

Hi guys,Our plan is to source an Australian accountant with knowledge on how to do US tax. A friend of a friend is doing it this way although his accountant is quite exy… $900 although we would rather have an Auusie do our accounting, simply for peace of mind, because the Oz taxation system is so complicated. A quick search of websites like the…[Read more]