All Topics / Overseas Deals / Path of least resistance, Pilbara or Overseas?

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  • Profile photo of gumtreegumtree
    Participant
    @gumtree
    Join Date: 2011
    Post Count: 14
    August 5, 2011 - 2:57 am

    Hi,

    I am in a good position to move forward but don’t want to leap in until I have a solid plan for fast property acquisition.
     
    I have about $200 000 equity from an IP in Gladstone QLD and a high income permanent job for BHP.

    I can buy an older IP in Karratha or Port Hedland for around $700-750 000 positively geared but with this kind of money what kind of property could buy overseas in a low vacancy, high yield area that is close to shops and schools? Could anyone that has had experience in investing overseas give me a few thoughts or trusted places I can find the non biased positives and negatives of overseas investing?

    Cheers

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    August 5, 2011 - 3:00 am

    I've seen several people 'loose' properties overseas!

    If you want to invest overseas you should know the language, tax and laws of the country you are investing in. Be prepared to pay much higher accounting fees in Australia too as few accountants understand the tax implications surrounding property overseas.

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

Viewing 2 posts - 1 through 2 (of 2 total)

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