Hi all,I am in the process of purchasing a property but have hit a minor stumbling block. I need to get an EIN and open a bank account but both are proving difficult as I live in Australia and don;t have current plans to travel to the US. I have set up an LLC, purchased a certificate of good standing and now need an EIN. Can someone tell me the…[Read more]

MakingTheJump wrote:
I'm happy to help. Recently invested in a property in the US, so I'm an unbiased opinion and not trying to sell anything. To repeat the other posters, you can do it!

Would you be able to email me, I would just like to hear about your experiences and make sure I have a full understanding of the process of getting a US…[Read more]

I normally like to just make spreadsheets where you can quickly and easily fiddle around with the variables or estimations such as interest, growth rate, net rental yield. So that way the research you do can lead you to do a most probable case scenario with your expected return, and even a best case and worst case scenario quickly and easily. All…[Read more]

Asset protection appears to be a good benefit, which is one reason we chose to go with an LLC. But the main reason we went this way is because there is more than one person involved in our investing, doing it under one of our names would not have worked too well. And this way it keeps things from getting messy later on as it is all under just one…[Read more]

I have a quick question if anyone has any experience. Say we have started an LLC in Florida, and now that we are looking to open a bank account, would it be an issue if the branch of the bank was in California (have a contact there who may be able to help us). The bank in question also has branches in Florida, just not sure if the different state…[Read more]

Jeff2InvestUSA wrote:
From what I understand is that you will get an EIN when you set up the LLC, the ITIN* if I am correrct is for USA citizens,. The best advise I could give is to contact an accountant based in Australia who has USA knowledge. I have set up a LLC and all I need is an EIN number… to open the US bank account.as tax time…[Read more]

In 2011 I am hoping to really start my proper investing career by purchasing my 1st IP in the USA. Hoping to do that by mid year. And at the same time hoping to pay down as much of the debt on my PPOR as I can at the time.Also I really want to win the grand final in soccer this year after last years disappointing finish.

I have something similar with my brother. We bought a house together just over a year ago now. Individually it would have been difficult for us to purchase, but together it should be fairly comfortable. In an effort to save on interest and whatnot, we are pretty much just both putting in as much as we can to pay it down as quickly as possible. As…[Read more]

luke86 wrote:

streamlineinvesting wrote:
My interest rate is about 6.88% with BankWest, however that is just a basic P+I Home Mortgage. I believe it is on some discounted rate for a few months yet where it will probably shoot up eventually.Will try to refinance in a couple years and see what the best rate going around is at that…[Read more]

My interest rate is about 6.88% with BankWest, however that is just a basic P+I Home Mortgage. I believe it is on some discounted rate for a few months yet where it will probably shoot up eventually.Will try to refinance in a couple years and see what the best rate going around is at that time.James

I see this thread is a bit old, but it is still relevant to many I assume.We have recently sent off our information to set up our Florida based LLC. Have sent off the application for our Australian based Citibank Transaction Account. At the moment am enquiring about getting a US based Citibank Account. With the free currency exchange transfers we…[Read more]

Hi Cheeves,We recently started an Florida LLC and are looking for oppurtunities for decent cash flow. I have a contact of a property manager and realtor in Tampa who is used by a friend of mine and has been given good references, so I am hoping we could use her, but I guess it depends if she deals with similar properties to what we are after.I…[Read more]

Zeus111 wrote:
I too am in the final stages of taking the plunge and choosing to invest in the U.S and specifically Miami.By background, i work in property development, so i have a good grasp of property fundamentals and the thing that makes investing in the U.S so much easier is the amount of research on residential property trends and analysis…[Read more]

I was in a similar position to you about a year ago now, just finished uni and was looking at purchasing my first property. Which I did in Seven Hills, obviously it is not Vaucluse or anything, but it is a fairly nice area, I grew up just down the road in Carlingford so I know the area well. Have been there for over a year now and have had no…[Read more]

Hi Eric,A couple friends and I are looking at investing in the USA, we are in the process of setting up an LLC and organising bank accounts. Could we please talk privately about maybe some finer details? I am very interested to hear about your stories and how you started your portfolio over there. Please PM when you get a chance.ThanksJames

Zita wrote:
Good Afternoon All and British Buyer in particular.My partner and I have been compelled by your posts and everyone else's on that note, since we discovered this forum a few weeks ago. There was a turning point about a month ago when we both started to gravitate over the idea of investing in Miami (as this has always been a fa…[Read more]

Hi Cheeves Financial,All of your information does sound very interesting, I have always been more interested in hearing about actual examples as oppose to potentials. We are looking at investing in the USA, and are trying to get everything set up so that when we go over there around June next year we will be ready to purchase something.Could you p…[Read more]

It seems that the best way to set up an account in the US is to go over there and do it yourself. However one thing I am curious about, how easy is it to link it to an Australian bank account.One of my main concerns with investing in the US is the fees with exchanging currencies, I am not concerned about the currency flucuations, but more…[Read more]

Hi Melbourne Girl,I'm looking at purchasing a property in the US next year and was hoping to get some tips / advice.I'd be interested to know whether or not you have set up a LLC and a US bank account in order to purchase properties in the US? Or do you simply transfer money to myusaproperty.com and they do all the paperwork? Also, have you…[Read more]

Hi Everyone,We have a question regarding bank accounts and linking them to the LLC.We are from Sydney, Australia and want to start an LLC in the USA and then open a bank account in the USA in the LLC's name to then buy property. Our question is should we then open a bank account in Australia under our individual names or form a company here and…[Read more]