Forum Replies Created
Hi,
any coming up soon? I am interested in speaking as well on US property if anyone would like – with a trained Australian accountant who deals with US tax.
Regards,
Steve
[email protected]Hi,
Yes, Fort Myers is a good area. I am expanding into this area after concentrating on Orlando and Tampa which have great potential. How can one argue with places from $50K and no stamp duty!
If anyone is interested, please contact me.
Steve
[email protected]Hi,
These are the areas I focus on:
– Florida – Orlando, Jacksonville and Tampa
– Georgia – AtlantaI think it is important to focus on areas with strong demand and good long term potential.
Welcome feedback on these areas.
Regards,
Steve
[email protected]Hi,
I assist people buying in the US. Yes, I have my own property in the US and intend in buying lots more. Location and management are the key. I also have references as well- because trust is important.
Research is important in buying in the US. I myself stay clear of places like Detroit and areas that have falling demand. I focus on places with low entry points, strong demand and good potential returns.
Regards,
Steve
[email protected]Hi,
I have my own property in the US and believe this is a chance of a lifetime. I will never buy another house here, I am buying 10 in the states. Why – no stamp duty, land tax, no GST, cheap prices, high yields and cheap repairs and appliances.
I have a great management team and so far no issues.
Like anything, location and management are key. Do you research.
If anyone needs an accountant or LLC etc, please contact me.
Steve
Hello,
Yes, it can be done through a number of ways. I have a contact who assists Australians with this – LLC set up and EIN, ITIN apps. I have just done my ITIN application and expect news from IRS soon. I also have an Australian accountant who does US/Australian tax returns.
I can be contacted on [email protected]
Sparky59
Hello,
Buying in Florida has great appeal at the moment due to the low prices and potential return. Like anything, it is location that is key and you need good management in place. Sometimes the HOA fees are high too and you need to stay away from a lot of the short-term rental market.
Getting a bank account is easy – just use HSBC in Sydney or go through Wachovia Bank in Orlando.
I do not know Miami, but have one house in Orlando and buying another. I personally plan to purchase 10 houses in the US given the exchange rate and yield – and no stamp duty.
However, do your research and take the time to know what you are doing.
Regards,
Hello,
We deal with a range of properties – some with high HOA fees and houses with no HOA. I think it depends on management – both HOA and in-country manager.
Regards,
Steve
Hello,
Generally it is hard to get loans in the US, although I now do have a lender for FL. I am working in Atlanta and Orlando, FL. It is important to have good management in place or esle you could get into trouble.
Generally, if you looking at Florida it is around 10-15% return and in Atlanta it can be as high as around 20%. When you consider the cost of purchase, no stamp duty and good yield, it is a fantastic opportunity.
Regards,
Hello,
If interested in Uk loans, we have a contact who deals with expats and he can guide you through this.
Regards,
Steve
Hi,
Yes you can open an account thru Wachovia Bank in FL – there are no significant fees.
Steve
