Elle Dee Esse wrote:
Hi all, I'm an overseas investment virgin and have lots of questions. Now don't jump on me because me I am poring over the threads in the forum and am on a pretty steep learning curve at the moment. The one thing I haven't found discussed as yet is the notion of the double tax whammy – so for the Aussies out there who have…[Read more]

In Qld your contract  would have a 10 day "cooling off" period which starts from the date the seller signs the contract….that would be the easiest way out

Herron Todd White have a good grasp of Coomera. 07 55841600 but most valuers (make sure it's not recommended by the seller) will smell a bad deal.Pretty well most suburbs over the Gold Coast have an over supply issue and Coomera would be up there. Growth has been pretty stagnant over the last 5 years.Being your 1st investment property…do you…[Read more]

Ferrari2803 wrote:
Under no circumstances should anyone use MY USA PROPERTY. I started talking to Andrew who started the group about 2 years ago. I went to see him in Melbourne and after lots of analysing I decided to buy, I bought some land in South Florida and a Condo in Jacksonville Florida. The land was way over priced, I didnt realise until…[Read more]

MyMoneyFinance wrote:
Hi All,A client came to me about obtaining finance in the US to purchase a property in Texas (The merits of which are a little are still doubtful to me).They are  setting up a LLC to own the property, in Texas.As a newbie in this space, can you suggest any 'Bank or Broker' in either Australia or US that could look assist…[Read more]

jacqueline231088 wrote:
Has anyone had any good dealings with this company or can anyone tell me their experience with them?I am looking at buying my first investment property and I will the idea of the NRAS which i've been told you can only do with certain companies….

Jacqueline,I'd suggest that you do PLENTY of research before you consider…[Read more]

To give you some idea….I spoke to some wholesalers in Atlanta early last year when I was looking at investing there and they were a wholesaler for 888. he summed it all up when he said that Vince from 888 had never even been to the US. So he was giving advice to his clients about US property and he hadn't even been to the US before in his life…[Read more]

Hi All,Thought I would add my 2 cents worth….I got my first home underway in October last year so nearly coming up to the first anniversary….no issues at all to report in the first 11 months. This one was via a friend of a friend who had also purchased a year before me and he is still happy so I was able to get the benefit of his contacts.…[Read more]

morpheusbushy wrote:

RickH wrote:
Each to their own ….as long as you are happy with the results thats what matters

Exactly.  I had every intention of doing it on my own – the administration effort ALONE made me want to look for help, not every buyers agent is bad, you just have to be careful and do your research.  Even after I decided to u…[Read more]

Dennis Chan wrote:

speedy gonzales wrote:

morpheusbushy wrote:

speedy gonzales wrote:
Hi Rodger,US Property Sales Australia is the newly created remnants of MyUSAProperty. My suggestion is to stay right away from these guys…..<moderator: delete personal comment> PM me if you want more information <edit>. As for the other companies you…[Read more]

morpheusbushy wrote:

speedy gonzales wrote:
Hi Rodger,US Property Sales Australia is the newly created remnants of MyUSAProperty. My suggestion is to stay right away from these guys…..<moderator: delete personal comment> PM me if you want more information <edit>. As for the other companies you listed….just a couple of more so called…[Read more]

Hi Rodger,US Property Sales Australia is the newly created remnants of MyUSAProperty. My suggestion is to stay right away from these guys…..<moderator: delete personal comment> PM me if you want more information <edit>. As for the other companies you listed….just a couple of more so called "experts" on US property. A dozen must spring up each…[Read more]

ErinS wrote:
I am so sorry that you feel this way. I work for ParkTrent in the Customer Service Dept. and would love to help you resolve any problem you have. As you have posted anonymously, I have no way of contacting you, so please feel free to contact me on my email address erins@parktrent.com.au.

Erin,I am sure that you are genuine in your…[Read more]

Hi Team America,Many of us Aussies are snapping up US properties…me personally in DFW. From what I understand…yes you can bring the foreign losses into account in your Aussie tax return. Suggest you speak with James Simango from USTaxCentral.com based in Brisbane. James is a US CPA & an Australian CPA so can advise you from both sides of the pond.

novusprimo wrote:
Congrats Rick.This has been a great read so far. I hope I can buy an investment property in the US too.I have not  read in this post if someone has successfully got finance to buy investment property in USA with HomebuyersUSA or other agents.Anyone?

novusprimo,I have posted a few times…maybe not in this exact forum…[Read more]

bilobunch,First of all I am saddened to hear your story and how this effects you personally but I get angry when you state that MyUSAProperty's attitude is "well it was misrepresented to us so you can't blame us"….that's a load of crap. Here is a company who sprouts being "experts in helping Australians invest in US property" and they couldn't…[Read more]

jayhinrichs wrote:

speedy gonzales wrote:

jayhinrichs wrote:
Texas has really high property tax's and very lax zoning laws its a huge area like the outback only all of it is basically developable. so when things get going builders will be building new construction that will compete price wise with existing inventory there will never be much…[Read more]

jayhinrichs wrote:
Texas has really high property tax's and very lax zoning laws its a huge area like the outback only all of it is basically developable. so when things get going builders will be building new construction that will compete price wise with existing inventory there will never be much of a run up in values there because of these…[Read more]

I have just returned from Dallas and I can tell you….all my months of research was justified. I am now the owner of two more US properties (in 30 days time anyway). The company I dealt with was fantastic and provide the refurbished properties and property management and the big one…finance for foreign nationals. I checked all the deals with…[Read more]

Hi,I have just returned from Dallas buying some property. I am paying cash for the properties but after closing a local bank is giving me a 30 year P&I loan. The LTV will be at least 50% but up to 65%. The better information and paperwork I provide them the better the rates and LTV. They have done plenty of applications for Aussies with all so far…[Read more]