Investing in the U.S. – Finance Solutions

Dependant on the security you may need between 25 – 35% deposit.

Many of the normal US lenders have withdrawn their Foreign National products due to the sub prime crisis.

There are very few US lenders that will fund these loans and many are State specific.

Hi Queengucci and Dave,

Yes ,Building ,  renovation ,material costs and labour are much cheaper in the Usa than Australia.

But you have gotta be careful who you deal with.I know many people who have been overcharged for building work,especially foreigners.not only that but never pay up front .Always give installments and check the job on the way through,otherwise the builders get lazy and slack off on quality.

Also for a further saving, if you know the right people, you can get workers that work for a very reasonable rate for you to reno yr houses.
I would always advise you oversee and lead them in the job though to make sure you know yr getting a good quality job.

There are also some really good places that you can buy chepaer building materials.
For example ,on the propertys we have been reno ing in Texas ,we have been getting some materials from Habitat for humanity.It is a business which gives all its profits to building houses for people who would never ever be able to afford them otherwise.
How it works is alot of the big companys give them their products as a tax deduction for them(being fully written of on thier books)and they are doing something that really makes a difference.
Other companys give the HFH company any seconds
 of building materials or discontinued stock. It works out well for everyone!!

Good to hear from you Worldchanger and even better to hear that your US stuff is coming along and your out there doing it.  I think the fact that you are out there and are supervising things is the only way to do it.  The Habitat thing what a ripper you always were humane,

I am going to a wedding in NYC next year and the groom wants to do the buck night in Fla and is absolutely insisting that I buy waterfront down there, my uncle is there now and they are saying once in a lifetime opportunity right now.

What they are about to find out is that the only thing left for me to do in the US with property is to organise the bucks night in Buffallo and then point the lads at a few oxygen thiefs that are still operating up there my cousin is ex para, best man works in prison service early repsone and I have a few connections in the Irish community, know what I mean, I think its deductable to

 Remember the Alamo!!!!!!