Also with the W-7,  if you tick the boxes 'a' and 'h' – you will need to include documentation of the LLC's operating agreement which in turn must include the EIN in it's content, along with the usual details of those involved in the company and the procedure under which the LLC is operating.You will need to add at 'h'Exception 1a – Partnership…[Read more]

Great information Property Scout. I've been advising people of the same options after being asked for $1000US to do this.Regarding the ITIN.Yes you do need an ITIN but not to set up a company. Set up your LLC, apply for your EIN (employer identification No) and then you will be required to have an ITIN when you lodge your first tax return in…[Read more]

Hi Slowachiever,The due diligence depends on what strategy and property type, but for an overall look at a ton of links to help you in your research go to http://theblockblog.com  They are all there for Australia,NZ and there is access to a huge resource for the US.

Hi Engelo,Some good points covered here from Matt, Scott and Wobbly. You may want to consider, short buy, renovate and sell deals where you aren't as exposed to monetary fluctuations amongst other variables, that may increase your risk.Another area is the high positive cashflow deals that are available in the Uni towns in particular. One came my…[Read more]

There's no such thing as a free lunch and that saying is most relevant in the USA where everyone is after their slice of the 'American' pie before you get to it.Good advice from DetroitDan and exactly what I have been emphasising to Aust/NZ buyers for the last 2 years. Check the comps. Time and again I have seen houses offered for sale to…[Read more]

There are some great opportunities in NZ at the moment but not for capital gain necessarily. That being said there are some excellent returns on offer at 13% or more for positive cashflow deals if you do wish to buy and hold.Self and friends have been buying, adding value and selling with some great results.You can have a look at one project here…[Read more]

Ditto Terry's comments.Power of attorney docs not recognised by banks/ lenders. In my case ING and My Rate (ING) and Westpac therefore creating a situation where the banks consider themselves to be above the law of this country.Ianhttp://theblockblog.comFree Property Investment Information, Tools & Resources for Investors with a Sense Of Humour. -…[Read more]

Hi Oryx,

I think you may need to read up on property development and get yourself educated as much as possible. I understand you are in SA as you mentioned ‘torrens titles’. There are people who teach property development from the ground up and that sounds like it may be perfect for you. I’m not sure if they do so specifically through property…[Read more]

Very clever way to cut out all the middlemen, take a small cut and give the balance back to the consumer. I like what I’ve read and will follow it through more.

Ian
http://theblockblog.com
Free Property Investment Information, Tools & Resources for Investors with a Sense of Humour

Great start up reference. Thanks for the tip. With the 5 extras being added to this site, there should be a wealth of interesting reading ….. then the product????

Ian
http://theblockblog.com
Free Property Investment Information, Tools & Resources for Investors with a Sense of Humour.

GDay Uncle KnackersJust checked out all your vids on your YouTube channel. Great work mate! To anyone doing their own renovations, Uncle Knacks here is the real deal. To anyone who isnt sure about You Tube links, when you click on the you tube link above you will go to the site and just underneath the heading – Uncle Knackers Shows How To Install…[Read more]

Hi Kimberley,For a whole host of website resources on USA investing try this : http://www.theblockblog.com/america/thats-arsum/ Also read up as much as possible either via the posts here on the forum or link up with those people who have already purchased property in the US and try to gather as much of their experience as well.I have 3 properties…[Read more]

Hi Matt,Man I wish I'd started as early as you have. Congrats you have and are doing really well!. What is missing here is maybe a little more thought outside the square. Forget the banks mate. For the time being it looks like they are definitely not your solution.They are your problem, so we have to look elsewhere for the answers.What is it you…[Read more]

Hi WealthyJVD,Sounds like you really need to study up and there are some great resources for this. Probably the first step is Frankston Council website and check out all the info on property development requirements and fees. (600m2 site may be too small for 3)  A quick phone call to council once you have studied their site and ask anything you…[Read more]

Hi Allbyallen,If you go to http://www.theblockblog.com and scroll down to the 'Property Development' links on the right hand side. (Rookie Developer.)  Clink that link. It will give you the opportunity of obtaining exactly what you are asking for either via The Block site or directly via Rookie Developer. In particular, a complete property…[Read more]

Gday HadosCongratulations mate on the forward planning and saving so well. I think you have things sorted regarding the accounts and prerequisites regarding both FHSA and the FHOG. I've had experience buying my first residence when I already owned investment properties and was eligible. Check all the details as they pertain to the situation now…[Read more]

HI 1NVESTIf you want to invest in a house in the USA as many Aussies and Kiwis are at present then go for Option 1. Find a bigger house for the family but at a purchase price of around $420k. Make sure you can sell your current property for at least $490k. If you realise these 2 figures you should have approx $35k cash to buy in the USA. (I have…[Read more]

Does anyone wake up to Kris Sayce from MONEY MORNING?I think the people he hates most in this world are Property Spruikers and his angle on the market is an interesting one.http://www.moneymorning.com.au/20110511/where-is-the-%E2%80%9Cpoint-of-control%E2%80%9D-for-aussie-housing.html#more-5138If he wasn't an advisor for shares and wealth…[Read more]

Maxpowerchappy wrote:
Hi Guys I am currently looking to invest roughly 20K AUD on something that  will look after itself.  As a realist I understand that this kind of outlay is not going to see a huge return but I am very interested to hear some opinions. Need help guys Thanks, Max

Hey Max – go to your profile and add in some c…[Read more]

After reading all these comments, a couple of things stand out very clearly. The first is that Detroit Dan and High Income Property both have a great insight into the Detroit market for how it is panning out today and in the near future. The second thing is that Nigel Kibel is full of it when it comes to talking about anything other than his own…[Read more]