I would have to agree with this article. After many many months of due diligence on our company and the inventory that we supply to our clients we were able to get a local commercial bank in Dallas to lend to our foreign national clients. It was not an overnight process and took plenty of face to face meetings with senior bank executives and…[Read more]

Sab,Are you planning on visiting the USA to open the bank accounts ? If not you will find it hard to get one opened from Australia. From experiences that my clients have suffered during the process…I would say Wells Fargo would be one to stay clear from.

Hi Sab,Your probably going to get a few opinions flowing on where & why but I'll start with my opinion. One of the features of incorporating or forming an LLC is that you do not necessarily have to form the company in the State where you do business (in your case this means buying property). When deciding on which State to incorporate in, there…[Read more]

If it were me…I would leverage the $100K into 3 good quality A grade homes in better neighborhoods. Better quality area's & homes will attract a better quality tenant and if/when US homebuyers start buying their own homes again these will be the area's where you will see the demand. There is merit with worldinvestors comments about not spreading…[Read more]

Hi Richard,For the benefit of any forum readers who may not understand some of the lingo….I think it's important for you explain to them the difference between qualifying for a "second home" loan versus an investment loan. Quite a difference.I agree with Lawsj…..quite a few banks will entertain the second home loans for foreign nationals but…[Read more]

Luke B wrote:

worldinvestor wrote:
Seriously,  how could you possibly make an informed decision on whether this group is sourcing suitable properties when you have no information.  A couple of street names and viewing zillow is just not going to cut it.  Would you use the same criteria to purchase property in Australia?Also, zillow has som…[Read more]

lawsjs wrote:
These guys, it must be remembered, can read like a who's who of banned company directors in their home countries. These guys are the type who would have moved from roofing insulation to school halls, solar panels and then had the brains to discover real estate in dodgy US cities.

You forgot to mention previous roles in selling two…[Read more]

lawsjsNo disputing what you say…I have seen companies offer finance exactly along the same terms you mentioned….nice little earner for them on top of what they make from the property.I just wanted to add however that there are some genuine finance offers available for foreign nationals….albeit rare. We have finance from a local commercial…[Read more]

labradorinloveI have to tell you it doesn't sound like a good situation you find yourself in. I have a good friend who lives in Phoenix. He is a real estate agent, knows finance and is an investor himself and knows plenty of good attorneys. This guy is taking you for a ride for sure. If you send me an email I will pass on my friends contact…[Read more]

Just to get the original topic back on track…….Atlanta or Houston ??Only two U.S. metro areas have had increases in home values since the peak of the housing market in 2007, and they're both in Texas: Houston and San Antonio. According to Oxford, Miss.-based FNC Inc., Houston reported a 4.8 percent rise in home values, while San Antonio…[Read more]

jayhinrichs wrote:
Peter how much down on these loans… Just curious…

30%

Just thought I would clarify a couple of things since my last posting on this topic. I have had lots of questions from posters asking me about the foreign national finance we have for our Dallas & Houston investment homes.The rate is 5.50% if you want a 3 year ARM. This rate is the floor and is linked to the Wall Street Journal Prime Rate.…[Read more]

And from a similar type of source……..Top 10 Cities for Moves Daily Real Estate News | Wednesday, February 15, 2012 More people are flocking to the South, according to a list from Penske Truck Rental on the top moving destinations from last year.  Atlanta once again tops the list, which was compiled through online…[Read more]

emma171 wrote:
If you KNOW that that information is NOT available to you without paying for it in your own country, and no one is telling you otherwise the "hush hush, I will let you in on a big secret about how to learn the US market…..buy my system for just 6k and you too can learn these secrets" sounds very appealing….. Why? BECAUSE YOU…[Read more]

You will get no arguments from anybody when it comes to comparing the banking system in the US versus Australia. In some ways they are advanced yet in other ways 20 years behind the times. I kept an article from USA Today when I was over in Dallas on of the trips last year. It stated "the venture announced on Wednesday by BoA, JP Morgan & Wells…[Read more]

jayhinrichs wrote:

Texas Cash Cow Investments Australia wrote:
We have finance available for foreign national buyers. Rate of 5.75% with a 30% down payment and 1% origination fee. Funds are provided by a commercial bank in Texas. Repayments are amortized over a 15 or 20 year term depending on the loan size and/or property. A maximum of 5…[Read more]

cam0479 wrote:
AUSTRALIAN PROPERTY INVESTOR IN USAI have an Australian family trust, that is the managing entity of a LLC in Florida. How do I get an EIN? The SS-4 form requires an ITIN, but the W-7 form to get an ITIN requires an EIN.

You don't need a ITIN to get an EIN for the LLC. The IRS will allow it without the responsible party having a…[Read more]

We have finance available for foreign national buyers. Rate of 5.75% with a 30% down payment and 1% origination fee. Funds are provided by a commercial bank in Texas. Repayments are amortized over a 15 or 20 year term depending on the loan size and/or property. A maximum of 5 properties or $500,000-00 in lending per entity. And we have have many…[Read more]

kingsr wrote:
Hi Peter,That's very nice of you to offer. I will keep that in mind for when I hit Dallas. Can you pm me the details of the places to stay in Dallas and what the discounts actually are? Would be good to meet with you and your team and see what you have on offer.Cheers.

More then happy to. You will need to change your member…[Read more]

kingsrIf your stopping by in Dallas then I can give you names of places to stay where you can use our corporate code and get discounted room rates…the offer comes with no catches or obligations. Qantas fly's direct from Sydney to Dallas a few days a week and I guarantee Homeland Security is friendlier in DFW then LAX !!