Nice data – cheers!

In every country there are up and down markets… in every state … every city …. even in neighbourhoods.I have had a lot of advice that says "get down to neighbourhood level"… and make your assessments from that.There is so much info online, it isn't hard.Start with something general like demographics that you want to rent to, and work…[Read more]

Sav wrote:
Thankz for the fast reply ……….speedy gonzales……….your nick suits you ahahhaha…….im interested in the USA market………have 30k in savings…..income 70k + girlfriend 50k …….we are both 26 years old and have one investment property in Melbourne renting out at $320 per week……..the property is worth around 400k…[Read more]

xarp wrote:
When I was starting with my investment in the US, I just used an online service for starting the company. I have used incparadise.net and got the LLC in nevada in 2 days for about $300. There are more services like that in the US, so you might find another sites as well, but that's basically all you need. I don't think you have to…[Read more]

stuparker wrote:
If your investing in Florida you will need a LLC registered in this state to trade properties however this may not be the case if your are buying investment property with the intention to hold it long term i.e. you maybe able to buy your long term holds in a foreign entity such as a Wyoming ,Delaware or Nevada LLC. This is…[Read more]

Sorry guys, been offline for a while and so didn't get the requests. My understanding is that an LLC submits a tax return but IS NOT TAXED… much like partnerships in Australia. The tax would be paid here in Australia, under the taxation law for the entity.For those who were asking about a US based attorney, I decided to post it here…Cammie…[Read more]

Another option would be to seek out a syndicate investing in larger properties (ie apartments, commercial, etc) and partner with them. Apartment deals in the USA are particularly cashflow positive just now. Send me a private message if you are interested in more information.Martha

luke86 wrote:
Martha- you can set your account up so it automatically subscribes to threads you comment on. But seeing as you have not set that up you may not be subscribed to this thread so won't see my message!!Just go to 'My Account on the right toolbar, then under the 'Edit' tab check the Auto Subscribe box which is right at the bottom of…[Read more]

Can I suggest, with relation to your own wealth strategy, that you get advice and a sounding board from someone who is not going to benefit financially from your decisions?It is actually not too difficult to try to do yourself… in fact a standard business consultant/planning advisor, or even someone like PWC or a lawyer might be a good idea.If…[Read more]

Hey ClappyCan I *clappy* my hands at you, for starting at your age?? I am so impressed.The comments Michelle had above are really worth considering. If you go back a few squares, and work out what you actually want, in really specific language, the "how" seems to fall into place much easier.Just to feed your imagination… there are opportunities…[Read more]

Sorry, took me a couple of weeks to get back to this … man December has been crazy.Interesting comments… LOL at your comment DWolfe "until you make a couple of mill" … Anyone else?

Hi LivSorry I didn't reply – I forgot this forum doesn't automatically subscribe me to threads I have participated in.I will certainly send you some details as soon as I have them – negotiating with a US based investor at the moment.Martha

Will do LeeMartha

Hi… should I shorten it to Gross?? lol .. .perhaps not. Sorry I haven't been in touch – end of year, things very busy.I will try to be in touch tomorrow.MarthaPS I have emailed the info about attorney details you wanted.

streamlineinvesting wrote:
We… want to start an LLC in the USA and then open a bank account in the USA in the LLC's name to then buy property. Our question is should we then open a bank account in Australia under our individual names or form a company here and then open a bank account in that company's name in Australia? The reason I'm asking…[Read more]

Thanks Kev, and grossrealisation, I will send you both the info.

I really think you would be better speaking with US corporate Attorney firm about it. Essentially no difference between Wyoming and Nevada, except for filing fees and charging orders against a corporation (to do with when you are sued, how people can access compensation if the case is found against you).The following notes (in blue) are from an…[Read more]

I agree with you all. Yes the USA is a different market. Yes lots of people say "oooooh, risky". I think … GOOD! you keep thinking that, and it leaves all the more opportunity for me.Due diligence is the be all and end all. As mentioned, properties do need to be viewed, but not necessarily by me. If I have a property manager, building inspector,…[Read more]

You can't lose anything by looking . Vegas is not the strongest market at the moment, high unemployment and so on, but I do know of Americans investing there successfully.The biggest thing is to look at each deal individually. Seeing as you will be in Vegas anyway, why not check it out.Martha

Or head to the USA – can get that sort of cashflow over there. Don't even have to leave Australia to do it