PropertyInvesting.com | Ben Gray | Activity https://www.propertyinvesting.com/members/ben-gray/activity/ Activity feed for Ben Gray. Tue, 14 Apr 2026 14:59:43 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 6dceaacacf4f2f835973b49a9074aa83 Ben Gray replied to the topic Setting up US LLC and Bank Accounts in the forum Overseas Deals https://www.propertyinvesting.com/topic/setting-up-us-llc-and-bank-accounts/#post-4698775 Fri, 28 Feb 2014 04:09:45 +0000 My advice to you, and everyone, considering getting an LLC is to focus on value not cost. Strive to understand why the "same LLC" can cost more or less depending on the protection it affords – or work with someone who can explain this to you in a way you understand and feel comfortable with. Saving a few hundred, or a few thousand, on the front…[Read more]

]]> 0ebbdb73a26872c358074ab7f29e7dd4 Ben Gray replied to the topic Bitcoins and Litecoins - Real estate in the forum Overseas Deals https://www.propertyinvesting.com/topic/4410353-bitcoins-and-litecoins-real-estate/#post-4696858 Thu, 09 Jan 2014 05:46:41 +0000 The transaction log won't be a problem.

http://bitcoin.stackexchange.com/questions/9045/can-the-transaction-log-history-size-scale

http://bitcoin.stackexchange.com/questions/2684/why-does-my-wallet-need-to-download-the-whole-transaction-history

As for the long term value and overall viability, who can tell? Big players are hedging themselves…[Read more]

]]> 2465d842dc6e3405a85a17ca5d8de5de Ben Gray replied to the topic Bitcoins and Litecoins - Real estate in the forum Overseas Deals https://www.propertyinvesting.com/topic/4410353-bitcoins-and-litecoins-real-estate/#post-4696850 Thu, 19 Dec 2013 21:50:19 +0000 Bitcoin has some stiff competition – Dogecoin :)

http://www.businessinsider.com/what-is-dogecoin-2013-12

]]> 669e09077c618810879758b1aa0af096 Ben Gray replied to the topic Bitcoins and Litecoins - Real estate in the forum Overseas Deals https://www.propertyinvesting.com/topic/4410353-bitcoins-and-litecoins-real-estate/#post-4696846 Wed, 18 Dec 2013 05:07:17 +0000 It's happening all over already :)

http://www.newsday.com/business/man-willing-to-sell-southampton-home-for-bitcoins-1.6630568
http://www.foxnews.com/us/2013/12/14/vegas-developer-selling-785m-mansion-for-bitcoin/

Man Puts House in the Canadian Rockies Up For Sale – in Bitcoins


Loads more stories on this if…[Read more]

]]> 2c862243352b3770a420617d96d83799 Ben Gray replied to the topic Australian Accountants who do US Tax Returns in the forum Overseas Deals https://www.propertyinvesting.com/topic/4410141-australian-accountants-who-do-us-tax-returns/#post-4695532 Fri, 01 Nov 2013 18:47:31 +0000 Andrew and his team are pretty good: http://www.expatustax.com/

]]> 49c25ffa95f9489d84c94574e5b93d73 Ben Gray replied to the topic Setting up a US bank account from Australia in the forum Overseas Deals https://www.propertyinvesting.com/topic/4409581-setting-up-a-us-bank-account-from-australia/#post-4692512 Thu, 31 Oct 2013 04:27:21 +0000 Jay – that's for sure.

For anyone who wants to really get into this here is a good link – http://www.pwc.com/en_GX/gx/financial-services/assets/pwc-kyc-anti-money-laundering-guide-2013.pdf

The real fun will be when you read the version they bring out in 6 months time that includes updated/reinterpreted/changed guidelines :)

]]> 57cc11912daa952162e91fb2bd2f4b91 Ben Gray replied to the topic Finance for US Property in the forum Overseas Deals https://www.propertyinvesting.com/topic/4408539-finance-for-us-property/page/2/#post-4684878 Wed, 30 Oct 2013 22:32:02 +0000 Decent financing is still out there. We recently secured an LLC genuine US bank financing for a 10 year term at near enough 5% with 30% down payment. Another client just bagged 15 years at  5% with 40% down payment. The catch for this particular program is that the loan amount has to be over 100K.

There are a few programs available to foreign…[Read more]

]]> d071afaea3e64deadcfb956b66310489 Ben Gray replied to the topic Setting up a US bank account from Australia in the forum Overseas Deals https://www.propertyinvesting.com/topic/4409581-setting-up-a-us-bank-account-from-australia/#post-4692510 Wed, 30 Oct 2013 22:03:01 +0000 Yeh, there really isn't a better solution I am aware of :( There are a couple of alternative solutions:

– Have a USD denominated account in Aus and have your agent in the US transfer any funds back every quarter or so. It's an ok solution, but not great. Gets inconvenient when you need to need to pay a bill in the USA that exceeds the money your…[Read more]

]]> 892142bb9635ed824258f5452131cba4 Ben Gray replied to the topic Setting up a US bank account from Australia in the forum Overseas Deals https://www.propertyinvesting.com/topic/4409581-setting-up-a-us-bank-account-from-australia/#post-4692508 Wed, 30 Oct 2013 02:21:27 +0000 It's definitely still possible to open a USA business bank account without being present in the USA and without the need for a co-singer on the account. 
I know of two banks that will do this. One small regional bank, the other a large multi-state US bank. 

The small regional bank will only open an account if you get your LLC from a lawyer they…[Read more]

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