DHCPFor the purposes of clarification (see WI's comments above) it seems you have 2 homes in Atlanta owned by your SMSF and 1 in Atlanta presently owned by yourself so a total of 3….. right ??I guess you will get all the usual comments about being a risky strategy to borrow that amount of money to buy a home in the US and nobody knows your…[Read more]

ben1990 wrote:
I have previously looked into investing in the US, I had got in contact with some company that catered to Australians looking into investing in the US.. I ended up getting the impression it seemed like a dodgy scam. I forgot the idea since until I just found this topic. Is there many worthwhile areas in the states to really buy?…[Read more]

I second exactly what Jay has mentioned. I don't know of anyone has has finance like what we have to offer our clients….we are one of the rare ones who has access to genuine bank finance for foreign national buyers. Again to mirror what Jay has said….they are not interested in the sub $50K loan amount market. With a 30% down payment required…[Read more]

Looks like Texas is leading the way with new home construction as well…http://www.theatlanticcities.com/housing/2012/06/texas-housing-juggernaut/2288/#

Alex,Thought you might be interested in this link….http://blogs.wsj.com/developments/2012/06/12/builder-branches-out-sets-course-for-charlotte/

This video is also a good link for anybody wanting to know a bit more about Texas.http://www.youtube.com/watch?v=KmqKic5Y8DI&feature=player_embedded

According to the 2011 National Association of Realtors Profile of International Home Buying Report….Florida (31%), California (12%), Texas (9%) & Arizona (6%) account for 58% of all foreign national buyer transactions. I'll accept it's not the cheapest market but it is certainly being found attractive by foreign national buyers due to the many…[Read more]

Emma,Texas…pro tenant ?? No you have it wrong. Texas is very pro landlord. One of my places….just went through an eviction process and he & his contents were out in the street in 21 days straight. In Texas, there is no defense for non-payment of rent. Rent is due on the 1st of the month….it's officially late by the 3rd. On the 3rd day a…[Read more]

Alex,You wouldn't believe it…..I am actually listening to a webinar you did with Kevin right now !! One you did with RWN. It's educating me on your market. Sounds like you have a good thing going on there. I'd love to drop by and visit you when I am over next but will avoid November.Yeah there is lots of good stuff happening in the state of…[Read more]

emma171 wrote:
NO NO NO NO NO NO NOguys, SERIOUSLY? I love you guys… Don't do this to me….every investor is different – we all have different needs, we all have different goals. I was with someone yesterday who asked me "why on earth would you go for yield????" I had to point out that I live totally off passive income, someone retiring might…[Read more]

quickchick wrote:
Thanks for the clarification of notary at point of law, lawsjs. Complex! True, you don't need a #SSN to open a US bank account. But post what we Aussies called the GFC, I don't know if any Aussie investor has borrowed from a US bank without a #SSN. So as a pre-GFC known borrower, you personally are still able to borrow in US…[Read more]

Gavin,Well done for speaking out. I hope this serves as a training tool for people contemplating investing in the US real estate market. Looking forward to hearing the whole story from you. You have the support of many on this forum believe me.

He lists himself as a Financial Planner and an Accountant. You would think that the Financial Planners Association or Chartered Accountants Association would think he doesn't act in the best interests of his clients and withdraw his membership ? <moderator: delete personal comment>I know the ACCC tend to be toothless tigers but couldn't these guys…[Read more]

kylermrice wrote:
http://www.uspropertyinvest.com.au/anybody heard of this site?

Kyler,STAY CLEAR of them is all that I will say. These guys were part of the break up remnants of the company MyUSAProperty featured on the story. I'll say no more !!

Spot on Nigel. You hit the nail right on the head. If all of the people buying property treated this as making a proper investment decision they wouldn’t lose their hard earned dollars. Don’t be sold purely on the numbers. You need to jump on a plane and go and have a look at the city your planning to invest in and meet the people who are selling…[Read more]

The interesting part is that the woman’s father….the one that shot Mr McNicol…he had recently won a million dollars so the McNicol family is taking civil action against him as well.
I agree with Kyler….wouldn’t touch Detroit as a foreign investor….best left to the locals to play in

Welcome aboard Steve,Make sure you drop by Dallas and come visit our office. We have a busy month ahead with lots of out of town investors flying in competing with the local investors. You mentioned your interested in foreign national financing…well we have that in place already with one of the local Texas commercial banks. Rates is 5.75% with a…[Read more]

Since we are speaking of economists….The First Law of Economics…the only thing more dangerous then an economist is an amateur economist.The Second Law of Economics…..the only thing more dangerous then an amateur economist is a professional economist.Remember…amateurs built the Arc….Professionals built the Titanic !!

Kim,You will find some groups will offer to arrange a bank account for you in the USA (for a fee or for paying members only)……9 times out of 10 it's Wells Fargo. Still haven't been able to ascertain why or how they do it….all about contacts they have I assume. Under the Patriot Act it is against the law to do what they do. Some I know have…[Read more]

Hey Worldy,Most definitely 100% full income verification loans. Tax returns for last 2 years, payslips, evidence of deposit etc etc. No major hoops to jump and most of my clients get a pre-approval in place within a week before we let them go to contract on a property. To be honest the most technical part is after approval and getting the Deed of…[Read more]