Hi Catrina,

So it looks like there’s a few of us doing Tommy’s course (myself and Melissa included) and arriving in FM at the same time!
Send me a PM please to [email protected] to see if we can all arrange to catch up.

Cheers, Mark

thetimorese wrote:
Hi,
I am also planning to take a trip up to Florida, hoping to get onto Tom’s course. Anyone doing the Mastermind course in May? I’d like to meet up if any of you guys are around in May.

Catrina

Hi Catrina,
I’m considering Tommy’s Mastermind course. Will decide in the next week or so.
And I’ll certainly be around there in…[Read more]

Cafank wrote:
Hi guys, I will be in Florida from May 5 until the end of the month. This will be my first trip looking. I haven't set up anything at all yet so will just see how things go. I'd be happy to meet up somewhere if it's possible.CheersCheryl

Hi Cheryl,

Where abouts in Florida will you be? I am going to be in the Fort Myers/Cape…[Read more]

sapphire101 wrote:
I haven't been to Memphis yet and don't know the market, but will be there to check one outfit out very soon. What I do know is that the finance is through private lending (hard money) at 10% or just under. Option given is to pay cash and take the bigger return or leverage with the finance offer and possibly buy more. Both…[Read more]

melissa wrote:
Hi Adam and TH,
I’m heading over to Florida at the end of April until mid May. Going it alone too. I’ve set up an LLC, opened an account and have a great Attorney and CPA over in the US although they’re based out of LA. It all works though and things are set so I can purchase in Florida.
Where are you guys going to? I’m flying…[Read more]

melissa wrote:
Hi Adam and TH,
I’m heading over to Florida at the end of April until mid May. Going it alone too. I’ve set up an LLC, opened an account and have a great Attorney and CPA over in the US although they’re based out of LA. It all works though and things are set so I can purchase in Florida.
Where are you guys going to? I’m flying…[Read more]

HighIncomeProperty,

One thing I find interesting with Americans when they rent a property is their expectation that the house comes with various “loose” appliances. e.g. a fridge, washing machine and perhaps a tumble dryer are all provided, and this seems fraught with danger from a landlord’s perspective. (None of these things typically come…[Read more]

Chief Wigam wrote:
In order to begin investing in tax liens, I understand I would need to get an ITIN by submitting a W7 form with a supporting signed letter from a person or entity that is required to deduct the withholding tax from your payment, on their letterhead.Does anyone know how I can get a quick copy of such a letter? Do I just write…[Read more]

HighIncomeProperty, thanks for the great input. Invaluable to hear from someone with real experience in this field.

What’s the situation in the US with regard to taking legal action against those who fly off with your furnace etc? Surely there is some avenue to pursue them.

And what measures do people take (physically, legally, financially) to…[Read more]

95% sure you can purchase in multiple states with the one LLC, but you need to have it registered in each state you buy in as a Foreign Entity. I believe it’s about $50 to $100 per year per state. Confirm with your US CPA accountant.

TH

RickH,

Congratulations. That’s been quite a journey for you, after those endless finance delays over the last…..how many months?!
Anyway, great to get the first one under your belt. Well done.

TH

dhillon2,

re : your question about debit cards. My understanding is that they won’t improve your credit rating.

However, some banks are offering secured credit cards, which do.
Not sure how you’ll go getting one without a SSN, but being secured (against a savings account), you might have a chance.

Fifth Third have one. Here’s their website…[Read more]

mjcantrell wrote:
Just ran across this in Yahoo Finance.  If any of you investors are looking at property in the U.S. be careful about Florida.  The U.S. Census bureau came out with this info.  I am posting the link so you can read it for yourself and make your own decision. http://finance.yahoo.com/news/Nearly-20-of-Florida-homes-cnnm-2507768369…[Read more]

RickHy,

Just sent you a PM. I gather you bought in Kansas?

TH

Adam, your profile is not accepting PM’s.
Please email me at [email protected]
I’m heading over there in early May.

Cheers, TH

APerry : –
Thanks. That’s a great suggestion. I’m in the very early stages of learning about vendor finance (as a buyer and seller), so the idea of lease options really appeals to me. I’m trying to break out of the traditional loans mindset, especially since loans are virtually non-existent.

RickHy : –
Initially, Florida. I’m going to take…[Read more]

Well said, Rick.

It’s getting hard to find the posts from Aussie investors, amongst all of the “noise”.

Hi Aran,

Firstly, congratulations on the successes who’ve had with US mobile homes and parks.

A couple of questions : –

1. With the mentoring you received from Stu, did you do his 3-day Boot Camp (for $3000), or was it a more casual and on-going arrangement?

2. How does property management (and rent collection) work with Mobile Homes? Is…[Read more]

Congratulations Rick.

I’ve been watching your journey with interest over the last few months, and felt your frustration with the finance roadblock you hit. Glad to see you’ve brought this project to fruition.

I’d be keen to know how you go with the next big challenge – the ongoing management. Do you have direct communication with the…[Read more]

Stuart,

As I understand it, you will pay 30% withholding tax on the gross rental income UNLESS you are registered with the US Tax system. i.e. you have an ITIN (and an EIN if you are using an LLC).

I suggest you get a US CPA accountant to set up your entities etc properly to ensure you avoid this withholding tax.

Cheers.