https://www.propertyinvesting.com/members/james2118/activity/ Activity feed for James2118. Fri, 17 Apr 2026 09:21:21 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 02680c22a27c708092c8b4bb1004ba26 https://www.propertyinvesting.com/topic/4404487-what-can-600k-in-sydney-buy-today/#post-4654132 Fri, 19 Aug 2011 08:22:10 +0000 Dundas, Carlingford etc is not the best place to live if you want good transportation, I grew up in Carlingford and it took at least an hour just to get to the city, unless you are close to the M2 bus as the train station there is pretty hopeless.Eventually it should be upgraded with the North-West metro so by around 2020 hopefully it would be…[Read more]

]]> 5d6e91176b422b96e381837297b9c2ec https://www.propertyinvesting.com/topic/4401354-miami-advice/page/14/#post-4633050 Wed, 12 Jan 2011 02:43:30 +0000 Interesting opinions there Steve,Although they may sound fairly negative about the future of property in USA, I must say I am pretty excited to hear news like this. I am looking to start investing over in the USA in the next few months, hopefully get a property when I am over there in May/June this year. Nothing too major, maybe just a $40,000…[Read more]

]]> 948283a84bfb9cd7f6a19c5be02b4d4d https://www.propertyinvesting.com/topic/4402325-usa-investment-companies-advise/#post-4638947 Mon, 03 Jan 2011 00:45:58 +0000 Hello all,I pretty much agree with most of the comments, I have personally never enlisted the help of these companies or similar ones. In principal it all sounds very nice, they do all the hardwork and you pay a little bit extra for piece of mind. But unfortunately like any organisation, greed can become a factor and in the end all they care about…[Read more]

]]> 93e7c9129cd6f9e62a0e7d155106fedb https://www.propertyinvesting.com/topic/4402330-capital-gains-tax-formula-for-microsoft-excel/#post-4639014 Mon, 03 Jan 2011 00:14:36 +0000 Happy New Year Fredo,Capital gains tax as I believe is just added to your taxable income so you fall into a tax bracket. I think I have made up a quick spreadsheet with this before, where you simply enter your taxable income, and your capital gains, as well as ticking a box if you had the property for over a year or not to reduce the capital gains…[Read more]

]]> 71ce8831b20152ff8af2e6d4243544d5 https://www.propertyinvesting.com/topic/4401901-llc-and-tax-query/#post-4636236 Sun, 05 Dec 2010 04:20:27 +0000 Thank you for all your advice so far,Just a quick question, I understand you set up the LLC in America and then pay company tax with that. But when do you pay the Tax as an individual in Australia, is it only when you bring the money back into this country, and if that is the case, theoretically do you not have to pay it at all if you leave it…[Read more]

]]> 6235943b81350ba775faa37231905af9 https://www.propertyinvesting.com/topic/4402036-game-plan-needed-for-new-investor/#post-4637167 Mon, 29 Nov 2010 22:32:25 +0000 Hi Liv,I am in a similar position to you, trying to figure out how to make as much money as I can to try and set myself up for the future to hopefully have a comfortable and financially secure life. I have been looking a lot at the US property market due to the low level entry prices, as well as high rental yields and potential for high capital…[Read more]

]]> c57b2308ddeb385a5a4c4f9306eb7852 https://www.propertyinvesting.com/topic/4401849-is-it-best-to-buy-in-an-llc-or-in-own-name/#post-4635947 Thu, 25 Nov 2010 22:24:25 +0000 I keep hearing that it is very difficult to obtain finance through an LLC. Why is this the case? Is it harder to get a decent credit rating as a company, if so why would this be the case.

]]> e4238e1fb2aae89dd4bca18c8c796fd0 https://www.propertyinvesting.com/topic/4400967-my-usa-property/page/3/#post-4630418 Thu, 25 Nov 2010 21:30:07 +0000 Lplate101Properties for $40,000 and under are abundant across USA. Just look on http://www.trulia.com or http://www.realtor.com and you will see plenty of properties across USA at very low prices. But remember just because it is low price does not mean it is necessarily even worth that, a vacant property that will not increase in value is worthless to an investor.James

]]> a763b4e038d45c75655bc7cfd219a259 https://www.propertyinvesting.com/topic/4401354-miami-advice/page/13/#post-4633023 Tue, 23 Nov 2010 10:19:50 +0000 Thanks white_goodmanI did think maybe it was just  due to more people living under one roof, and also the issues of too many houses before the GFC led to an over supply in the current market place. Just was not sure exactly how it all worked, unfortunately economics has never been my strong point.I suppose is increased population exceeds the…[Read more]

]]> 2cfc05bea9932ef70c8abf3206f718bd https://www.propertyinvesting.com/topic/4401354-miami-advice/page/12/#post-4633020 Tue, 23 Nov 2010 03:48:33 +0000 One of my main concerns with Florida is the vacancy rates. I have a query and to be honest I am afraid of looking a bit idiotic asking it, because I am sure the answer is very obvious. But nonetheless, my main query is, where have all the people gone that used to live in all the houses that are now vacant, not just necessarily the rental ones…[Read more]

]]> 236765b81af24194b201b201e9eca52b https://www.propertyinvesting.com/topic/4401901-llc-and-tax-query/#post-4636234 Sat, 20 Nov 2010 10:54:56 +0000 Thanks alot Terryw,That is how I thought it would work, just wanted confirmation.I am hoping to get to America around May next year, and will try and talk to a tax consultant and/or solictor person to hopefully help me set something up, however I think I would rather it set up before I go over there so everything is ready

]]> 169f71da80a438efe6f1dadfad196aaf https://www.propertyinvesting.com/topic/4401849-is-it-best-to-buy-in-an-llc-or-in-own-name/#post-4635937 Mon, 15 Nov 2010 03:24:53 +0000 Hello all,I believe purchasing as an LLC is the way to go for my situation (a couple friends and I going together to pool our money together) but I am not sure if it is best to have the LLC set up as Australian based or US based? Are there any particular disadvantages with either one?ThanksJames

]]> 0dd590273b1b192db113d665be2a23fe https://www.propertyinvesting.com/topic/4401775-first-investment-in-us-i-need-the-advices-arnold-accent/#post-4635541 Fri, 05 Nov 2010 03:33:54 +0000 Hey white,I am in a similar boat to you at the moment, started looking into the US a couple months ago, similar age to you, just a bit older, and also seems that we have similar goals and ideas in that we both want to achieve some financial independence for the future, and see the US as a great oppurtunity to do so.Unfortunately I cannot answer…[Read more]

]]> 35357248708c7af38847558eaded9638 https://www.propertyinvesting.com/topic/4401354-miami-advice/page/7/#post-4632904 Wed, 03 Nov 2010 21:24:52 +0000 British Buyer wrote:
Someone asked whether they should borrow in Aus $ or US$.Assuming you were offered the same rates (eg. 30 year fixed at 6%) in both countries, then you should definitely borrow in Aus.I say that because the current commodity cycle will end at some point (let's say 8 years from now), since:1. China will slow down it's…[Read more]

]]> e8b84bd71c798eb9a846d535830faaf3 https://www.propertyinvesting.com/topic/4401606-offset-vs-term-deposit/#post-4634639 Mon, 25 Oct 2010 05:04:53 +0000 As was said above just do your own little checks. I know it might seem nice to have that money in your hand like that. But given what I assume your interest rate would be, obviously just guessing, but would think it would be around 6.5% (that is what mine is around) you would save yourself around $2400 after 9 months in tax, the only difference i…[Read more]

]]> 927db949ee56ac7d6eb55aaf1f7c831e https://www.propertyinvesting.com/topic/4401354-miami-advice/page/4/#post-4632852 Thu, 21 Oct 2010 21:10:14 +0000 jeff2tract wrote:
Steve, Don't get me wrong 10% minimum is great, I am about to close on a deal that will give me 26% net. There are plenty of deals like this. If one is happy with 10% thats fine no problem. I know that there are better deals that will give one better than 10% more like 15-25%. I know it sounds to good to be true, these deals…[Read more]

]]> e8048a9cc95cbf4e0857ce41bb80477d https://www.propertyinvesting.com/topic/4401354-miami-advice/page/3/#post-4632841 Wed, 20 Oct 2010 21:49:36 +0000 Does anyone know of a good mortgage broker in the Miami area? I was looking at the Flordia Association of Mortgage Brokers website, and I found a whole list (about 155 in total) of mortgage brokers in the Miami area, but there was no rating or anything, so I am not sure who is good or not, who would be useful for purchasing as a non-resident and…[Read more]

]]> 255219a6b9b39606dd41e925431764d8 https://www.propertyinvesting.com/topic/4401354-miami-advice/page/3/#post-4632831 Mon, 18 Oct 2010 21:51:39 +0000 First of all thanks to everyone for all the useful advice, and I do not want to appear like an idiot asking this. But like a couple others on this board I am new to investing and am very keen on getting a place in America, and Miami seems like a good place to start.I was hoping to get some advice from people who have done it before on more of a…[Read more]

]]> ae7df63b7fed0abb86f9716208e07328 https://www.propertyinvesting.com/topic/4401354-miami-advice/page/2/#post-4632819 Thu, 14 Oct 2010 22:38:06 +0000 http://www.wiziq.com/emailverification.aspx?RCIorOiOf%2bAbJx%2fMh1zU%2bQiqkOnEUUwp6UQDRAbeHdbmLXoMzyMusMGjMBSxpahFRnr2%2f4og0iGuW5WiME6buldVOiG58ixXD4XgxaINgoj%2fR4%2f77X0hDrDjQeSeN8gjThe link above is meant to take you to download the spreadsheet I was talking about earlier, unfortunately I am not sure if that link works or not. I could not find…[Read more]

]]> 291a186c0291a688297633f125d90c39 https://www.propertyinvesting.com/topic/4401354-miami-advice/page/2/#post-4632811 Mon, 11 Oct 2010 22:29:28 +0000 One little warning I found when I was doing some research into investing in USA, because I initially did not see it myself and did not realise how much an impact it can make.Property Tax is vastly different to what we have as an equivalent in Australia in rates I suppose. Because the property tax is the major supplier for funding for public…[Read more]

]]> cf487bcd59824843b3474742236bbdf7 https://www.propertyinvesting.com/topic/4401354-miami-advice/#post-4632800 Thu, 07 Oct 2010 04:28:30 +0000 Dick YorkI would be very interested in how you get along. I also live in Sydney and at the moment and looking keen to invest in America, I am not sure what areas are the best, I believe there is oppurtunity accross the nation and sometimes it is just personal preference. One benefit of Miami I suppose is that it is a nice holiday destination so…[Read more]

]]> ea73df0904f7d6bc6a033804c5533ff2 https://www.propertyinvesting.com/topic/4401377-buying-my-1st-property-does-it-make-sense-to-invest-in-a-holiday-house/#post-4633313 Thu, 07 Oct 2010 03:57:14 +0000 I agree with Glen, I am not sure of all the tax implications and FHBG and CGT and how all that would work having a holiday place for 2 weeks and then living for one. But I can imagine it just getting difficult logistically. I think the best bet would be just get a 2 (or more) bedroom place and rent out the spare room, maybe you could convince the…[Read more]

]]> 667fe0a718f506a642199f80b1700ea4 https://www.propertyinvesting.com/topic/4401354-miami-advice/#post-4632797 Wed, 06 Oct 2010 04:50:04 +0000 British Buyer,I was know in earlier posts you talked about some of the research you look at in the areas. But I was wondering how much you looked into factors such as unemployment. I read an article which was published within the last couple weeks showing that the unemployment figures for Miami had risen from 12.4 – 12.7%, well above the national…[Read more]

]]> 48150d65d3d0986c125377b755d02da2 https://www.propertyinvesting.com/topic/4401354-miami-advice/#post-4632793 Fri, 01 Oct 2010 00:53:56 +0000 British BuyerI must say it has been really great hearing about your plans for the future. I am only new to investing in general, but from what I can see at the moment, there seems to be a great oppurtunity in US at the moment. I hear alot of bad stories about it however, but I still have a gut feeling that this is a once in a lifetime oppurtunity…[Read more]

]]> 4895c50f38bae540bcafb530168b1841 https://www.propertyinvesting.com/topic/4401033-beware-inexperienced-buyers-agents-and-cashflow-hype-usa/#post-4630878 Wed, 29 Sep 2010 01:57:16 +0000 Recently I have been looking into all this American property. I am only new to investing in general and have not really invested anything, however I have started paying off the home I live in.The main reason I was interested in America was that with the seemingly low prices it seemed like a relatively small investment, acquiring a property for…[Read more]

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