Hi Eric,

Yes you have picked up on the amount of interest that Australian’s are expressing in the US real estate market. I’m not sure if you know much about the Australian real estate market but as a comparison…..in my local market….the average price is about AUD$400K and you will rent it out for approx AUD$380 per week. Our mortgage rates…[Read more]

Hi Ray,

My apologies…..no aggression intended on my behalf…..I did question if it were ME missing the point…not yourself but again sorry if my tone came across wrong.

Do you mind if I again clarify…….if my property manager based in Houston Texas for example wanted to deposit rent into my account…..the Citibank option would only prove…[Read more]

Nopz,

I registered with them and James (the one in charge) called me and emailed me the same day so I have had no issues with getting them to contact me.

Hi Globaltraveller,

I’m not sure if I’m missing the point or not ?? What’s the use of having a USD$ bank account with a bank in Australia ? I appreciate that your dealing in USD$ if your rent is coming in USD$ but the fact still is that the account is based in Australia…..regardless of being with a major bank like Citibank…..Most using this…[Read more]

Hi Jeff,

By all means you are entitled to your opinion on upstate NY…….problem is that as soon as you mention the area you immediately think of Buffalo, Rochester etc. This area saw an influx of Aussie investors a few years back and everybody lost money. The gross returns promised realised into negative net returns and further loss upon sale…[Read more]

Hi Rosa, If you want inferior properties that are in questionable locations and are prepared to pay an overinflated prices then by all means use any of the services of the dozens or so spruikers that have sprung up in the last couple of years. As you have seen…they exist in Australia and the UK. They will predominantly sell in inferior markets…[Read more]

harrypnh

Yes bank will take into account your Australian financial position and want pay slips etc amongst much paperwork to prove your income. I have been following the threads on RickH & melbourne girl and the reason I am certain was the lenders would not lend in the name of their LLC’s

Hi Nopz,

Try USTaxCentral. They have an article in this moths YIP magazine and looking at their website they look after ITIN’s, EIN’s, tax returns in Australia and the US

Hi JD,

McKinney is located on the Interstate 75 north of Dallas. It is a city in it’s own right but is statistically considered part of Dallas Metroplex which is fast growing. Texan cities tend to grow to the north and to the west of the downtown…..this is particularly the case with Dallas. When you drive on the I75 north from Houston to…[Read more]

Thanks Melbourne Girl,

That rule must have changed cause when I checked with them myself a few months back they specifically informed me that they only work with myusaproperty

Hi All,

Agree with the above comments. As per any successful investment into property…..it is usually determined by your network of professionals that you have around you. I was fortunate enough to get a first hand introduction to a team that had been tried and tested by previous Australian & New Zealand investors so I wasn’t going over to the…[Read more]

Hi Jodee,

All I will say is tread with extreme caution. The concept etc is all 100% correct & I have no concern with investing in USA real estate (in the right markets) I have had personal experience in USA real estate market having been involved in financing to sales at one stage and still travel to the US and am already investing in property…[Read more]

Hi Gilby,

I came back from a due diligence trip to Texas in November and was very impressed with the DFW area and north. I have many clients who are interested in US property investment. The DFW area is where all the population growth is centred in Texas and I don’t believe you can go to far wrong as long as the area’s are in the right school…[Read more]

Hi Jason,A lien follows the property and doesn't get wiped unless the lien is paid in full. Melbourne Girl has it right……save yourself the headache and make certain the property comes with title insurance….otherwise your playing with fire. Read some stories on the cheap properties in Detroit for example. You can pick up a cheap home for less…[Read more]

Hi PropertyInvestorYou will find that LoansUSA operate specifically to arrange finance for clients of MyUSAproperty. If you don't buy a property from MyUSAproperty then you are not eligible to use the services of LoansUSA. I have a contact for a bank north of Dallas Texas that will lend up to70% (or even up to 80% for strong applicants) but you…[Read more]

Hi Lucigoosey,White Goodman is correct…exchange rate risk. It also saves using all/some of your Australian equity. You are also correct Lucigoosey in that everyone's situation is different and there is no single approach that suits all. Just like investing in Australia.

Hi Lucigoosey,There is no such thing as US financing at 2%. When you hear in the media that rates in the US are close to zero percent….that is like a wholesale rate that the bank buys the funds and the re-lend it to customers. If your a US resident you would expect to pay as low as 3-4% if your credit score is solid. As a foreign national…[Read more]

Hi TuckerOneProperties,I have found an address from a current forum about a property located at 5631 Virginia Ave Kansas City. One agent is claiming we Aussies can buy it for around $43,000-00 whilst also pointing out that another agent has it listed for sale at $62,000-00. As a local I'd love to hear your opinion on the area and value. As a local…[Read more]

Try this from the IRS website to see if this is how you understand it ??http://www.irs.gov/businesses/small/international/article/0,,id=129631,00.html

Hi Bernie006I have only just come back from a due diligence trip to Texas & had a detailed conversation with a US attorney while I was there that specializes in litigation. I explained that I am an Australian investor who wishes to build a property portfolio in the US. He suggested that I would be absolutely crazy if I purchased in my own personal…[Read more]