OK thanks guys, I am with Wells Fargo, will keep you posted on outcome.Cheers, WI

king-co wrote:
I'm not sure what worldinvestor is referring to with the comment "You also need to ensure that the bank you use in US for purpose of chanelling rental funds has an affiliated bank account in Aust, otherwise you will not be complying with ATO and will be a problem." What specifically are you not complying with? I have an SMSF as…[Read more]

My thoughts – US market is obviously higher risk, issues of purchasing correct property, right returns, property management companies and currency play.I would most definately play in your own backyard as I believe you should be an experienced property investor as mentioned above so many risks. Also I think there is no point investing in US unless…[Read more]

Good luck, try explaining 25-30% interest in US as market rate???

Do some a search in the overseas section as there have been some posts on this.The SMSF should be the member of your LLC when purchasing using SMSF (funds).You also need to ensure that the bank you use in US for purpose of chanelling rental funds  has an affiliated bank account in Aust, otherwise you will not be complying with ATO and will be…[Read more]

mattnzwhat has it got to do with ATO?? Nothing illegal about setting up loans which are legitimate at market interest rate, try lending from money lender 12%, I will lend to my LLCs  at 10%.At the end of the day I am not a tax accountant or lawyer, I have set  up structures and paid $ to ensure that it works for me.  This is just an overview on my…[Read more]

Hi nycc88You can chose any timeframe.Each loan is for a 36 month period and will be extended after this period, our lawyer advised us to go this way as we then avoid paying a Government fee similar to stamp duty.Will pm you the lawyer's details.

nyc88I believe usainvestor has pretty much summed up my strategy. I did forget to mention an important fact that 10% with holding in tax deduction in Australia. We will alter % interest charged as required.My goal is not to pay any tax in US.

mattnz wrote:
I met with my new accountant last week, who is meant to know his stuff regarding property. He advised me that even after applying double tax agreements, their client was getting taxed at an effective rate of 66% between USA and Australia when they used the online system. Can anyone advise what tax rates they are actually paying and…[Read more]

Hi nyc88 I met up with my lawyer in Atlanta in May, he has just drafted the loans and they are not yet finalised. Yes, there will be liens against all properties. Another added layer of protection but most importantly to pay no tax in US.I did not research this stuff on google and from all accounts my lawyer has been involved in this process w…[Read more]

Very difficult to source finance, at least in Atlanta, there are hard money lenders which some investors have been using,  this is not an attractive option, means you will pay high set up fees and interest rate can also be as high as 12%. Also the length of the loan can vary from 2-5 years which in itself holds major risk, not to mention the e…[Read more]

Good for you, just make sure you have "eyes wide open". Looks like you have plenty of time to do some research on what they are selling and who they sold to.Cheers, WI

good advice Ziv

Trust nobody…… You need do your own homework and most importantly understand what you are researching.  Plenty of information on the forum to help you.

Reace L wrote:
Hi Guys, I have also Bought through US Invest and have not really had any problems to date. They sold me a property in Ft Lauderdale Florida and the property seems to be ok and was rented from the moment i bought it. I was worried about getting ripped off so they sent me a property valuation report from a florida registered…[Read more]

No point leaving cash in US banks as the interest is zip. I will be transferring funds to OZ while Aus $ below US.

Interesting times, when I first posted in Feb Aus $ at 1.07 now we are around 98, with stock market going south and prediction of another interest rate drop perhaps we will see further decline.  So for those investing/buying property in US what is your cut off point, I know investors who purchased when the Aus $ at 85. For me I am now looki…[Read more]

Hi saturdayThe majority of my properties were purchased from Karina, Select American Homes. I have posted some of my purchases on this site, just do a search on my posts and you will also see the many properties I have purchased.Cheers   WI

Thanks Freckle.Good start.Now I need to work out what they mean by millage rate means??Cheers, WI

Alex SC wrote:
Hey All want to get the opinion of investors who took these type of tours. We have been doing these for the USA investors but not for the international clients. We are trying to get feed back on what was good and what was bad on these type of tours. Any and all feed back would be great  If you flew over by your self and checked…[Read more]