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Viewing 9 posts - 1 through 9 (of 9 total)
  • Profile photo of mj23001mj23001
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    @mj23001
    Join Date: 2012
    Post Count: 10
    December 21, 2018 - 9:25 am

    Depends if the bank/lender is aware of your international activities. In some cases, it may be beneficial to keep those details out of the application.

    Profile photo of mj23001mj23001
    Participant
    @mj23001
    Join Date: 2012
    Post Count: 10
    December 13, 2017 - 9:07 am

    try biggerpockets.com

    Profile photo of mj23001mj23001
    Participant
    @mj23001
    Join Date: 2012
    Post Count: 10
    August 19, 2015 - 9:27 pm

    Is it accurate that some US CPA’s have access to your IRS information and this authorization cannot be revoked?

    Profile photo of mj23001mj23001
    Participant
    @mj23001
    Join Date: 2012
    Post Count: 10
    August 19, 2015 - 9:15 pm

    Who can you trust that has a US flip team while I stay in AU? I would like to invest in flips to build up capital for long term investments in the US

    Profile photo of mj23001mj23001
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    @mj23001
    Join Date: 2012
    Post Count: 10
    July 28, 2015 - 11:21 pm

    Which company can you trust to invest with?

    Profile photo of mj23001mj23001
    Participant
    @mj23001
    Join Date: 2012
    Post Count: 10
    April 1, 2015 - 4:31 pm

    Just briefly, how would the flip process work and is no-doc private finance available (for flips)?

    Profile photo of mj23001mj23001
    Participant
    @mj23001
    Join Date: 2012
    Post Count: 10
    March 31, 2015 - 2:34 pm

    How much is the minimum investment for your flips or hotel program?

    Profile photo of mj23001mj23001
    Participant
    @mj23001
    Join Date: 2012
    Post Count: 10
    March 16, 2015 - 5:21 pm

    For a first time property investor, a direct US investment is looking a little daunting. I’ve been in touch with a few BA’s who have a team on the ground but getting everything set up is very complicated. Some say don’t worry about multiple LLCs, others say setup an Aussie trust to own a holding LLC then each property much have their own LLC. Then there’s picking the right market and the right type of property and the strategy. Also an LLC will have nothing to begin with, surely theres complications lending to the LLC from personal funds?

    My accountant thinks I’m nuts. He acts as if I’m trying to be the next Donald Trump. I’m not trying to run before I can walk but at the same time, it gotta pay to set up everything right from the get go if I’m lucky enough to get some growth to build a portfolio.

    Steve’s passive income fund is looking attractive. It just seems like the difference is vast between an REIT and direct investment while juggling a day job and life’s other commitments.

    Profile photo of mj23001mj23001
    Participant
    @mj23001
    Join Date: 2012
    Post Count: 10
    January 13, 2015 - 8:25 pm

    Thank you both for your replies.

    Without meeting face to face or a phone call, are you able to say briefly what the first steps are? Do you both know of lenders who are lending to non resident aliens? Is it still possible to set everything up before visiting the US?

    Forming the LCC and opening the bank account are a first priority in my mind. I already contacted some accountants listed on IRS.gov who say they service Australia and got no response. Theres another firm mentioned on Somersoft whose name I don’t recall who I am yet to contact.

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