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Given that Steve's US passive income fund is looking to use Stu Silver's expertise to add this sort of asset to the portfolio it appears that Perrymhp's post back in 2007 was a prophecy in the making.
The ABC TV Four Corners episode on Monday demonstrates that there is a dire need for this type of housing.
http://www.abc.net.au/4corners/stories/2013/02/06/3684714.htm
It is surely better than living "in the woods", on the street or in a car.
Just Heared from my property Manager. Apprarently this is happening generally becuase of the increase of theft.
Hi Dean
Thanks for your post. I can see where the BSA website says that you have to use a BSA licenced contractor for work over $3,300.
But if each project in a renovation is less than $11,000 and you are using a BSA licenced contractor then surely you wont need to be an OB? Even if a projects in a renovation are greater than $11,000 and you are using a BSA licenced contractor wouldnt you still be within the BSA rules?
It all seems a bit grey to me and it seems like builders are just trying to stop you cutting out the middleman – which after all is why you want to do the reno yourself and make money! Am I missing something here?
Regards
petejac1 wrote:You don't need a SSN. As I have set up an LLC for "Asset Protection" they class this as a Business Bank Account and I am doing Direct Pay. You have to be careful there is Direct Pay and then there is Bill Pay.So Wells Fargo sent the direct pay device to you. Did they send it to you in Australia?
Steve and Aran thanks for your interview clip.
I am interested in investing in the USA and have been seeking with interest anything that might give me a clue on the best way forward.
It appears that Steve is advocating "hands on" investment and is looking to empower people so that they can acheive the best result possible. I am interested in this approach but it is a quantum step to make the first move. This short summary of Aran's in the interview hits a number of the key issues being:
a) having the opportunity to be flexible from current work and life commitments,
b) having some financial startup backing and
c) identification of opportunities ( so that you can have a plan to hit the ground running – to maximise the opportunity of the time available and to start generating returns ASAP)These are all important but there is also the aspect of going it alone. How is it best to cope with this? For example, Steve has indicated in one of his little videos that your ability to set up a team in the US is your unique advantage. But it would be great to get some idea of the best way of going about this. Obviously some would be naturally better than this than others and it may be easier to set this up in some US states than others.
I would look forward to hearing strategies for being able to build your US position by being able to enlist the support of the right people.
I have the opportunity to take long service leave from work for between 3 to 6 months. This could be the golden opportunity to use that time for a great purpose. But I am concious that I need to be careful to use this time carefully as long service wont come again for another 10 years.
Cheers
