All Topics / Legal & Accounting / Investing in foreign contries..????

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  • Profile photo of youngfellayoungfella
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    @youngfella
    Join Date: 2007
    Post Count: 3
    February 25, 2007 - 6:49 am

    Does anyone have any experience investing in very foreign countries. I am looking at some deals in the United states that appear very very good compared to our current market and I am kind of wondering what the catch is…

    Are there any special things to be aware of in the USA such as exorbatent taxes or Stamp Duties?

    Any info would be appreciated, or even a point in the right direction to find out this info.

    Thanks in advance,

    youngfella[goatee]

    Profile photo of TerrywTerryw
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    @terryw
    Join Date: 2001
    Post Count: 16,213
    February 25, 2007 - 7:50 am

    It is probably not worth it if you are going to do one or two properties. There is a lot to learn with the different markets, laws, proceedures etc, and it can be costly getting small amounts of money back to Australia.

    I wouldn’t recommend it unless you are familiar with the country and the area you are investing in.

    Terryw
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    Profile photo of youngfellayoungfella
    Member
    @youngfella
    Join Date: 2007
    Post Count: 3
    February 25, 2007 - 8:25 am

    ok thanks for the advice

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