70% LVR ! Which US lenders are lending to foreigners ?

Hi All,

OK so my plan is to go to INCPARADISE in Vegas (http://www.incparadise.net), open an LLC.
Then go to Citibank at 495 E Silverado Ranch Blvd Las Vegas and open a Business Bank account.

INCPARADISE have a mail forwarding facility with US Street address http://www.incparadise.net/text/mail-forwarding.htm.

Anything I'm missing here?

Any docs I…[Read more]

Wow, what GREAT replies. Thanks guys. Really appreciated.
One question why would you want a business account as opposed to a personal account?

Property is in Armidale NSW

Im located in Sydney. Do you think it matters if I get the plans drawn up by somebody in Armidale or just use a Sydney Designer as they are more plentiful

Block is in Armidale NSW. Spoke to 2 Architects. Got a quote for $21000 just to lodge DA. This quote does not include Council, Surveyor or Engineer fees. Seems steep to me.

The Land is in ARMIDALE , NSW. I did some research and found only 2 Architects. They both quoted roughly the same figures ($30K – $50K). I did not even know that you could get a Building Designer or Draftsman to do the drawings to for the initial DA Application.  I didn't now there was planning and working drawings. I assumed that you just got…[Read more]

Thanks guys. This is really helpfull

Thanks Tysonboss1. Steve talked about this when he was in Sydney a couple of weeks ago and basically said that if the FHOG is not extended then this will have serious implications for the housing market. I guess we will see some frantic activity in the housing market (especially the low end) until June 30th ,then who knows. This will also be bad…[Read more]

Hi Mercury,

The following site is full of some really great links and stuff if you are interested in US investing

http://www.realestatesogreat.com

Marty

Originally posted by Shwing:
I write those computer programs [computer] that rip you off 20c and everyone else also. But the bank doesn’t see it , I use all those 20c to pay off my own loan. No typo, it’s deliberate. [devil]

Mal

Getting out of your comfort zone, can help you become comfortable

What type of programs are you referring to Mal?

Thanks guys

Hi Batts,

Do you know as an OZ investor in the US, how much deposit do you require (5%, 10% etc). Can you use equity in property here to obtain a loan and is there much problems obtaining finance.
What about Stamp Duty and costs?

Would like to hear more.
marty

[email protected]

Thanks Geoff

Westan,

Can you add me to your Database
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Thanks guys. I guess Steve was referring to the buy and hold stratagy for CG purposes