I would have no issue with this – if the fee is disclosed up front. i.e a broker will send a fact find and as part of that may state a fixed fee of $500 per loan for instance.

Its amazing how many people dont know that brokers get paid by banks and even more amazing is the amount of brokers that donot disclose their commission.

I guess in the…[Read more]

As Terry said, generally you need to be FBAA or MFAA qualified to practice and also join an aggregator. The numbers are swayed to FBAA who have less stringent joining requirements than MFAA. Also, you need experience up front plus be a ACL or authorised representative of an ACL.

In summary, its not as simple as it sounds. If not done already…[Read more]

Hari – what has your question got to do with this thread?

Engelo – you know me – my secret is easy. call me

Ivan

Hi there- yes it doesnot work that way. I have a Citibank US account, but I opened that over there. Re banks – here is the ADI list http://www.apra.gov.au/adi/pages/adilist.aspx which is important for SMSFs – otherwise use online banking, we set up with two preferred banks and they are reputable and easy – they don’t have branches here nor do you…[Read more]

Hi there,

Yes you can open a bank account in the states without actually going there.

Over the last 24 months, we have been performing a significant amount of structures in the states for SMSF and non-SMSF. Part of this was dealing with incompetent attorneys in the states setting up LLC and bank accounts for us, only to see they set it up…[Read more]

Hi Vicenza – Welcome to the forum!

I have seen many of these – and personally I am not a fan. The key ingredients for success are Capital Growth and Yield, and with a ‘resort’ style investment, income can be seasonal and with the apartments of this style they struggle to provide capital growth. In the above – you are making an emotional decision,…[Read more]

I have a list of accountants we use, I am a US CPA but don’t practice.

Please contact me for the list.

Cheers Ivan

Legal services commission?

Hi there, I know US Invest and American Property Partners personally, what do you need?

Cheers Ivan

Hi james,

Great to hear from you again!

Try Nigel in the first instance, otherwise, give me a yell and i’ll assist.

Cheers Ivan

Hi there,

Thanks for the reply.

Yes, I know the US very well – in fact very very well, I am not a promoter but know most of the US sellers – I am independent – ask anyone they know. I have lived in the states, invested there successfully, and have over 150 clients investing in the states.

Unfortunately I have also seen the property gurus kill…[Read more]

Maybe your post was deleted due to you soliciting business and advertising just like you are doing above. Read the forum rules.

“Our Ethos is trust , honesty and reliability”

I have heard that before, Detroit is a poor investment, I believe in quality not quantity, and many will not finance Detroit without a hefty upfront fee. Thats a good…[Read more]

Good initiative Jay – Will be interesting to see some reviews of the firms we know – if you know what I mean.

Engelo – get your firm on there bud.

DeanCollins – good story – I had an apartment in Williamsburg on Beford Ave – bought it 2005 pre hipster in the time of the modest jewish neighbourhood and sold it 2013 in ‘hipster – home of VICE land’ and made some good coin.

Where is yours buddy?

Are you using a realtor? I had a good broker I met when I first rented in NYC and he took care…[Read more]

You cannot transfer a residential property into a sMSF, however you can transfer ‘business real property’ into a SMSF, there are some loopholes here under the defn of BRP, however you will need legal/ accounting advice to look into this further.

Generally speaking, many people transfer a commercial property such as office/ factory into an smsf,…[Read more]

Hi Uncle Arthur – Thanks for sharing the experience.

I don’t have their price lists but it seems the ‘diamond education’ course differs in amount from what I can see. I have seen $41k and $50k. Absolute con – but its really up to the individual and lets hope anyone thinking of doing it reads this thread.

Did your friend also get conned into the…[Read more]