Hi Wiley,
hope yr well man!

I cant help you with an aussie accountant that does returns in the US but i know an experienced US accountant who specialises in property acounting and teaches on it to investors all over.

His name is Michael plaks.

you can find many recomendations for him on http://www.houstoninvestorforum.com

Michaels email is [email protected]
and his ph is 00 111 713 721 3321

Then normally you take yr usa return and off set it against yr ozzie return with a profit or loss whichever is the case,
any accountant should be able to do that part for u in ozzie.

hope it helps

kind regards

Luke

Hi guys,
thats a shame that overseas has not been positive for you. it  can certainly be very difficult to keep properties maintained/managed from over here,i can vouch for that definately.

Cory , thats no good that you are having a few battles! I know Chad well though and know his no1 goal is to do his best to look after people. i know that he only charges a small fee to customers to get them into undervalue properties .It is definately our
(as buyers)responsibilty for the ongoing management of the properties,which i know is easier said than done.(especially from the other side of the world !)
Let me know if we on the forum can help you man.

I know Steve you bought up fairly big in buffalo in the early days it would be great to hear how you guys went about exiting from that market.  Care to share ?

kind regards

luke

Hey there mate,

Yes we are all waiting to see what happens there!

If you havent checked out the info on the topic at somersoft here is one of the links.

http://www.somersoft.com/forums/showthread.php?t=30831&page=8

all the best man

luke

Hi Tara,

thats really frustrating when they dont consult you and go aagainst yr word! That is more the point than only taking $5 less per week.

        As for me i would rather lose 2 more weeks rent but keep my cashflow on the books as the $5 to $20 higher amount per week as this is what the bank looks at each time i re fi to buy another property . My main income is the rental  income so there are definately other factors  to consider than just getting some one in the house asap.

              I actually just had an experience in america with one of my rentals where i told the PM i am looking at selling 2 properties in particular that he manages and to keep an eye out for buyers.  Then the next time i spoke to him acouple of months later i find he had put the new tenant on a 18 month lease???? The problem with this is it closes off the property to the market for a home owner i can only sell it to an investor. So this becomes quite an issue and shuts alot of opportunities.
  This is just another example of how important it is for the PM to listen to the owner and for the owner to keep on top of things constantly.

I would try keep it and use equity if at all possible especially if a boom is on its way.

Hey goldcoast girl,
i would personally stay a renter and buy an investment property at the same time,(as soon as you have saved 10 or 15%dep)
so u are saving up equity as you go.
otherwise what happens is (with many people) there is always something that will get in the way of buying a
property as things  never run fully to plan in life
so find a property in a growth area for around 150 to 200K and renting it out
while you stay living ,renting in areasonably priced rental area and get the best of both worlds!

Hi Lily hutch,

The US have some great returns ,so it is worth looking into and researching for sure.

Just make sure you talk to many different people befor e u buy.(Chad included he is integral.)

Also  go over there and get a feel for the specific area you want to buy in and the values of the particular acquisition u are aiming at
so u know fully the values ,conditions etc.
It is very hard to get good PMs over there too so get this right first.
alot of people are making the best returns by buying wholesale or forclosures then repiring them and reselling,
then u dont have the probs of constant tenant issues etc.

Hey Kat!
Welcome !
You have a great headstart on most of us investing in the states,
in that u have the ss number! It wont take long at all to build up a score but you probably wont even need to to get started.

Defiantely get a few different quotes on the loans you are after
with a few different people, and speak to Ben Carmona aswell as he will look after u for sure.
http://www.bencarmona.com
He is very aggressive and thorough.

regads
Luke

“Don’t let yr character be impacted by yr surroundings, instead make yr character impact yr surroundings”
– Rachel Scott(17 yr old killed in columbine shooting 1999)http://rachelschallenge.com/

Long live the days of the Holden Dealer Team hey!!!
On a side note,Jfisher,didnt Tom walkinshaw buy the hsv racing team last year ?
Or maybe hes just team manager now?
Im a HRT man myself![mario]

But yer back to property,
HDT s , I would say just be careful as to how u set it up and who u use,as if not set up to suit yr requirements it may have limited benefits and actually hold u up

,firstly in a borrowing sense and for asett proptection.

Definately get a few different opionions from full time investors who ve done it both ways,
with and without a trust.

And Go the holdens this year ,
PS.The clipsal 500 is on this weekend in adelaide.[strum]

“Don’t let yr character be impacted by yr surroundings, instead make yr character impact yr surroundings”
– Rachel Scott(17 yr old killed in columbine shooting 1999)http://rachelschallenge.com/