sapphire101 wrote:
Does anyone know about investing in Memphis Tennessee? I have heard that a local outfit there is offering 50% finance, no questions asked on all property purchases. Most houses are going to investors there for around the $40k mark.Ianhttp://www.theblockblog.comFree Property Info, Tools & Resources for Investors with a Sense…[Read more]

streamlineinvesting wrote:

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…[Read more]

rlillycrop wrote:
Hi TassieJHI think you will need to check with your Australian tax office what needs to be reported to the IRS because of the tax treaty situation. Generally with LLC income it is passed through to the individual(s). So with single member LLC's you are taxed like an individual and with multi-member LLC's the members are taxed…[Read more]

Sreeram,

Read my post just above yours.

Sav wrote:
im actually in the process to register with myUSAproperty…..has anyone delt with this company???

Sav,

There’s quite a long thread on this forum about that company.
Go to :-
https://www.propertyinvesting.com/forums/property-investing/overseas-deals/4333440

mattnz wrote:
My research to date has put Texas cities at the top of the list, San Antonio and Houston. Both large cities with inexpensive real estate. They didn’t go through the boom bust cycle anywhere near as much in Texas and has always been good value. For the size of the cities, their median prices are fantastic.

Hi mattnz,

I am really…[Read more]

spyglassltd wrote:
Hi, I like areas such as Cape Coral, which I feel is undervalued and a great location for growth -however I should also say I have a development there as well as lots of land so I am biased! I like Gainesville which is a college town in between orlando and Tallahassee,  it has fairly solid renters both from students and those…[Read more]

Hi Paul,

Have you considered avoiding these companies and doing it yourself, so you really know where your hard-earned cash is going? As Steve McKnight told many of us at a recent seminar – “don’t be a lazy investor”. (referring to using the services of turn-key companies). There may be (much) more work, but if you do your DD properly, much…[Read more]

Hi Speedy,

Thanks for sharing your clear thinking on your approach.

I gather from some of your other posts that you concluded that Texas works for you. I understand their local economy is (relatively) strong and unemployment is lower. But it also appears that Texas never had the property value plummet that Florida, Arizona etc had. So based…[Read more]

white-goodman, thanks for reminding us of an excellent point with your numbers :-

– particularly when buying properties of lower value, it is imperative that we are mindful of the need to keep costs in check. Larger projects may be more forgiving, but smaller ones quickly lose their viability when multiple costs/fees apply.

TH

spyglassltd wrote:
Hi Treasure,Its a long answer because as you know there are so many different housing markets and within those markets there will be good and bad areas, but some of the ones, and types I would sidestep are; Brickell, downtown Miami, epicentre of the condo building. These were the most high end condos and as such developers…[Read more]

spyglassltd wrote:

morgstar wrote:
Hi I am looking at buying in Phoenix, Kansas City or Orlando but i wanted to buy something around $25000, i am just a bit worried if i buy at the lower end of the market i will never recoup my money in 5 to 10 years in regards to the sale.  

Its a question of making sure you arent buying in a dying area,…[Read more]

white_goodman wrote:
http://www.bloomberg.com/video/65538816/

Thanks white_goodman. Great article.

melbourne girl wrote:
Hi there.  Rick H seems like your using the same company as me to finance my investment properties in the US.If you are looking to finance I would go through the company here in Australia, Loans USA.  They seem to have great relationships with the banks they deal with, We have found that some approvals take ages, some o…[Read more]

Hi Richard,

So, given the NCCPA, what options do Australian investors now have for arranging finance from Australia for US properties?

Marie123 wrote:
JeffCan I ask what area you are investing in (sorry if I missed it somewhere)?Marie

Hi Marie123

I notice all of the properties on the investusatoday.com.au website are in Rochester, New York State.

Cheers, TH

G’Day Propertinvestor,

2 Australian-based sources immediately come to mind, that I have read from other posts on this forum :-

– Loans USA (www.loansusa.com.au). One person said she got 6.75% fixed for 3 years for 2 Florida properties she bought. She was also offered 9.75% fixed for 15 years.

– Taylored Financial Solutions…[Read more]

Hi Lenny, Zita, and others,

I’m also in that situation, with a USA investment trip planned for early in the new year.

I feel very indebted to British Buyer for his generosity with information.
This thread has obviously run a bit cold with his absence (hopefully only temporary), but after the festive season has quietened down a bit, perhaps we…[Read more]

Thanks Steve, Interesting reading.

So the message is clear that there is no need to act in haste, as the market’s not going to bounce back tomorrow.

Further falls predicted….lending getting harder….

Still keen though to get some of those US +cashflow properties under the belt. Just not going to break my neck to get over there. A bit more…[Read more]

AussieInvestor,
your eBook sounds a great idea. (Just done the survey. Looking forward to seeing the first draft!)
I totally agree about the benefit of having all of this scattered information consolidated into one database. It’s otherwise quite a challenge to filter the good information from the bad.
When are you hoping to have the first draft…[Read more]