Hi Z98, I may be able to help by providing a name of an RE agent in Adelaide. I will PM you.

cheers, nyc88

Hi Stevie2013, congratulations on becoming a PR in Hong Kong. I bet you must be very excited about attaining your residency and having the opportunity to invest like a ‘local’ would. I haven’t lived in the country for a couple of years now, but if you want to send me a PM about your thoughts and ideas of investing in HK, I may be able to share…[Read more]

engelorumora wrote:
I think you should not invest in the US if your hoping the property will go up in value.

Hoping is not a strategy, its a prediction.

Look at the numbers in a particular deal and if they make sense and suit your end strategy then I would proceed with the investment.

As Freckle mentioned the US market is completely different…[Read more]

Hello

This is an interesting thread. Rather than start a new thread, I'd thought I'll ask some questions here as my questions are similar to Royce's questions and my questions are also around's TerryW's strategy suggestions.

TerryW, your first response on the thread is very interesting. How would the strategy change, ie "Gift the money to a…[Read more]

Jclimie, your accountant would be preparing a partnership return and then two individual tax returns when there are two owners of an LLC, on both the State and Federal level.

The information from the partnership return feeds right into each individual return – I don't think it is really that hard for the accountant to do the returns.

Have you…[Read more]

Jay, great post….love it.

So only the minority of renters in the US living in homes (under $100,000 market value) own bank accounts….say around 20% of renters, if one is to generalise?

Hi Cocam, hehe…..no, I don't work for Wells…..I thought that by asking an open-ended question, I might some interesting comments from you and I did…..some of your comments are funny (and cute). Yes, I agree….the bank accounts have many numbers (too many) and some of the Wells customer service staff are robotic. Overall though, I find them…[Read more]

Dubstep…..perhaps its because you walk softly and carry a big stick…..erh….oops, I mean, carry a big fish…..hehe

Hi Cococam, thanks for the information. ..its useful to know…..I've always wondered about the toll-free line for business accounts with Wells Fargo. 

Have you been satisfied with the level of service provided by the phone customer service team at Wells?

cheers

…..thats right, I forgot to mention to have a chat to Tripti Zehd in Miami. She is very helpful.

BMH and Mary, if you are interested investing in Florida, I would highly recommend Judith Ottosen (an Australian), a licensed realtor and property manager based in Fort Myers. 

Here are her details:

Judith L Ottosen
Tall Poppy Real Estate, LLC
http://www.tallpoppyrealestate.com

All the best

Hi mpinvestor, I’ve just sent you a PM.

Hi Ziv, this is a very well written article…..well done!

Hi WorldInvestor, I sent you an email with the contact details of an insurance broker in Georgia.

All the best

In order to open an bank account with HSBC USA, first you have to qualify as a Premier client with HSBC in your home country (whether it is Australia, Canada, Singapore or the UK, to name a few countries). In Australia, to qualify as a Premier client, you would need to have AUD$200,000 in cash deposits with them (this amount can include…[Read more]

Hi WorldInvestor, thank you very much for sharing the valuable information here.

Hi Stu82, Sall94 and WorldInvestor,

The US-based accountant said that many countries recognize an LLC as a “corporation” for tax purposes – while the United States recognises it as a look-through entity. In situations involving many other countries using an LLC can raise the worldwide effective tax rate of the investor to more than 55% when compa…[Read more]

Hi WorldInvestor, thanks for your comments. I’m looking to purchase in Atlanta and would like to know the details of your attorney, if it is okay.

May I ask, in terms of the loan period for the liens on the properties, did you use the same timeframe for all your properties. For example, a 15 year loan period? 20 years?

Thank you

Matt, you’ve asked some interesting questions. I’ll private message you with a statement made by an accountant whom I wrote to recently…

Hi WorldInvestor, you’ve made great comments and thank you for sharing.

You wrote, “Not sure whether investors have also considered setting up loans against properties. I arranged this with my lawyer in Atlanta, as I do not plan to pay any tax in US.”

Would you please tell me the process as to how you went about setting up loans against the…[Read more]