Hey Steve,
I am now looking to invest in the USA.
I was wondering if you would kindly please share any secrets/stragegies.
Am I also able to increase borrowing capacity by purchasing in trusts in the USA?
Please let me know.
Kind regards,
Charlie
Hi Charlie,
That’s interesting as I am in the final stages of winding up my USA affairs after investing there since 2009.
The best tip I can give you is to remember that money follows management. Deals might stack up on paper, but unless you have strong, reliable and trustworthy management, you will struggle to put bucks in the bank.
The taxation consequences are complex and expensive, and insurance is getting very expensive and difficult to source in some areas (like wind in Florida).
Think about what you are hoping to achieve, and then consider whether the opportunities closer to home might be less risk and aggravation.
Bye,
Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
https://www.propertyinvesting.comSuccess comes from doing things differently
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