Also for those interested,www.bankinginus.com have a special on Delaware LLCs for $95 plus rego fee.If anyone is looking to get organised – check them out. You have to fill the forms in yourself and send them off but a far cheaper option i think.Also assistance with bank accounts. Once again they don't do it for you but will help keep the costs…[Read more]

OK people,    A lot of people have told me they are having trouble getting agents to return emails or phone call.Most of the agents that work with foreclosures have been spoiled and they just put a sign up and sit and wait for an offer to walk in the office door….they are not interested in answering phone calls or doing anything that would b…[Read more]

Emailing agents in the US and not even getting a response?If they do reply – is it just to inform you that the property is under contract?I have been up until 3am each night and now I have cracked how to do it. 6 offers in yesterday and I can get anyone's offers lodged immediately in Georgia.Drop me an email if anyone is interested in assistance…[Read more]

B,Haven't heard of them – sounds unlikely if they are Australian based that they will loan against US security solely but we will give them a bell in the morning.Cheers

Paul,Have you selected an area in which you want to purchase? I have also been looking to do a cheap one initially but mine is actually for an office for when I go over.A good free site to begin with is http://www.housesforsalelists.com – but naturall ythe best deals never hit these sites.I am very happy with Georgia and Florida for some cheap deals. …[Read more]

Nigel,Good work mate.I was just reading similar BS on buyers agents web sites.I am planning to set up one as I just discovered one agent trying to sell a unit he bought for $40K in Las Vegas to an Aussie client for almost $100K. – not cool.All we need to do is offer good stock at a good yield and save our mates from buying overpriced crap from…[Read more]

Lana,Love to answer your question – I need a bit more info first though.What type of property is it? e.g 1 bedroom unit or 4 bedroom, 2 bathroom house with a double garage? Is there are currently a lease or is USproperties.com just paying the rent as part of their guarantee?What is the address of the property and I will be able to tell you what…[Read more]

Jim,Don't worry – we are off to cause havoc. Thank you for your forum contribution.about to post some LLC and taxation info – happy to put you on our email list if you want to drop me your email address. mcollins@industrie.net.au

Paul,yes you will need the 3 – when you set up the LLC it will have its own and then both members have to lodge a form W7 with the irs which is the application for Individual Tax Identification Number.We will put this on the blog plus other info we discover over the next few days.cheers

Paul,I encourage you to read our blog which should assist you with this and various other questins you may have. I would encourage you to use a incorporation or formation company to set this up and they can apply for EIN (tan numbers) for you. Limited Liability Company is a separate entity in terms of liability BUT in the eyes of the tax…[Read more]

Ok – 1 other question.there is a trust type that you can flip properties through. it is a particular type of structure.you are able to sign the contract – not put down the deposit yourself – then pass it straight onto the client and they pay deposit and complete on the deal. any ideas on this type of trust pls?

AusinvestThanks Buddy – love to draw some info from you to seeming you have been doing it for a while mate.I have been chatting to Worldchanger for a while.Looking to do some flips myself – waiting up till 9am hits over there.Mate do you have any good buyers agents in Georgia – really need one??

Andy01 – may I have your email address please? I will ad you to our mailing list for updates of info on US research.Vanuatu RE. I have been to Vanuatu a few times. Are interest rates still 9% over there? Had a look at your house – looks fantastic and I hope it seels for you soon. If you would also like me to ad you to our mailing list please give…[Read more]

The Summary – The Strategy – plus how to get going – view update now at http://www.usaforeclosures.blogspot.com log in to “become a follower”To all my new contacts who are interested – check out the new info on our blog – I have emailed directly to a few of you. Hope you don't mind – but just wanted to keep everybody in the loop.Once you are there – j…[Read more]

Marisa,what is your email address? I will ad you to our blog list where we have a raft of info which will help you learn what you need to reasonably quickly. Just drop me an email direct. mcollins@industrie.net.au

World Changer,Where do you own in the US please mate?I agree – do it ourselves.

Brian,Thank you for your input to our forum. Do you have a good lawyer that perhaps you could recommend? Can all lawyers transact in all states or must the property be in the state where they are located? I do know that property management will be the ongoing issues. I have enough trouble with them here not to mention trying to get hold of them on…[Read more]

World Changer,Thank you for your thoughts – invaluable advice i think. I know the most difficult thing will be the management of these properties.May i ask where you purchased and how it has been going for you?Very interested in knowing more from you. If you prefer not to publicly share info just email me personally.Cheers Michael -…[Read more]

Marisa,There seem to be many companies offering this service but naturally they are not doing to work for free. I do know of Cashflow Capital but have not used their service so am unable to comment. If you are time poor and not an experienced investor then it perhaps could be a good idea to use an agent in Australia like these guys. Further up in…[Read more]

for anybody interested – blog site has been moved to a more easily navigable company powered by google.We are putting information, links and our story as we work out purchasing in the US market.http://usaforeclosures.blogspot.com/