Yes it sends a message but there are still few consequences for their actions

Interesting however it is my understanding that withholding tax applies to all foreign nationals especially if the properties are purchased in an LLC however it does not apply if in a ccorp. However withholding tax also applies on rent calculated at 39.6% paid quarterly.

Another issue is that if a foreign national buys in an LLC estate duties…[Read more]

A lot of people like section 8 housing. However I have also heard my share of horror stories as well. Because this is Federal scheme they tend to be very pro tenent. States like texas and Florida end to be more pro landlord plus the nature of section 8 tenants mean they are often problematic.

It depends on where you want to invest. However if you are looking in the United States it is about who you have to represent you. Everyone will pitch you very few will deliver. Do your research very carefully

You really also need to look at trading or making money. There are other issues like withholding tax which on rent can be around 39.6% or 10% on sale. If you have a c corp you may avoid the withholding on the sale but not the rent.

The other issue is estate tax or death duties. If you are a us citizen death duties only apply over 5 million…[Read more]

Clearly its better to buy when the market is flat. However what is really important is that you buy good property. In other words stay away from small apartments in the city in large blocks also avoid house and land packages in outer areas. Naturally dont touch in any market Student built accommodation. These properties will fall further than…[Read more]

The Problem Ivan is that there are plenty of third rate companies that are replacing them

It is a matter of finding someone you can trust

If someone is making a commission and they are agents or marketeers and the property is in Australia why would you not spend a few $100 bucks to fly there and see where the property is? To me this is basic due diligence. Now you can look at photos and sales in the area and thats what you would do to start with. However photos may not show the car…[Read more]

Well Jay I do not sit here in my rocker in Aus. I travel to America regularly and have a full time partner based in Orlando Florida

You are looking to buy in two high priced markets

Have you considered investing in the United States. It has just come off record lows and still has a lot of growth to go.

It is a matter of looking at there websites and see what information they have to share with you

Personally I am always wary of companies where no people are mentioned.

My business has always been transparent. You know who and what you are dealing with. if no one is mentioned be very careful

Personally I am involved in Florida. The weather is great all year round.

There are 1000 people a day moving to Orlando, plus you have a growing tourist market. Florida has just become the third largest state in America overtaking New York state. Plus Florida took a huge hit in the gfc. However now the markets are recovering there are many great…[Read more]