I have to agree and disagree with some of the comments on here. turnkey vs foreclosure, as long as the turnkey operator is the entity that owns the poperty. Too many middle men wont make any type of deal stack up.

The investor needs to ask themselves what they are chasing.

If you are chasing rock bottom foreclosure prices and are happy to wait…[Read more]

Wells Fargo is becoming much tighter on foreign ownership of bank accounts. Easy to walk to into a branch with your passport and do it. Not so easy if you live in Australia.

LOOPHOLE 1 –
Some US Property Firms can open up the account on the owners behalf, (the US Property Firm manager will have minor stake in the LLC to make this happen and then…[Read more]

Hi Enchanted.

This is exactly how I am set up for my structure. ( I am not licensed to give advice but can talk of my experience)

If you don't bring any US property income home then my accountant has advised me that I didn't have to declare it as income on my latest tax return. It has simply been income generated by a US entity and has stayed in…[Read more]

Guys, I think you will find the ATO is cracking down in the next few weeks on foreign property ownership. Some will be getting away with it right now, but come audit time could by in strife.

Our Melbourne accountant has just got through in writing from the ATO that the SMSF will be taxed at the highest rate if it owns property through an LLC set…[Read more]

Josh, I don't completely agree with you from my experience in the market in the past five years

– Purchase already rehabbed and/or tenanted properties

Depends how much extra you are prepared to pay over the value of the home. Vendors will always charge more for this service. If you want to get in at rock bottom prices, then you will need to go…[Read more]

I am going through this citibank application at the moment.

Still yet to be approved, but the lady seems to snowed under 90 applications right now. Everyone is starting to catch on

King-Co

Try our guys who work together:

joe@americanrealestateinvestments.com
rich@myaffinityproject.com

Hope this helps

I own a couple of US properties in my SMSF, but compliance issues are the biggest hurdle for Australian investors.

You wont be able to live in the property if you are planning to move to the states if you are under the age of 65.

Most industry super funds wont allow foreign property investment and you will need to set up a SMSF with…[Read more]

Membership fee for information easily obtainable by networking on here and DYI via google… save that 5k towards another property purchase

I don't want to offend people on here, but the membership fee seems to be the "moron" filter for some of these companies.

I have no issue with paying a finders/acquisition fee, but an information fee is a…[Read more]

A lot of our clients are using their 6% offset mortgage money and purchasing properties in the US that are generating 15-20% net.

If you do the sums, you will actually take 10-15 years off the life of your Aussie loan.

Pretty good result if you don't want to rely on a job to service this loan in the future!

There were a lot of American Real Estate guys coming to Australia doing what Steve was doing in the 90's.

Then the Australian positive cash flow market dried up and now all the American's are replicating Steve's strategy but on their home soil.

Steve seems to be focused on the US market. Same strategy he used in Ballarat, but different part of…[Read more]

A couple of rough valuation sites:

http://express.realquest.com/search.aspx

https://www.chase.com/online/Home-Lending/home-value-estimator.htm

Again, this will give you a rough estimate, but valuation numbers are hard to manage currently with so many foreclosure sales pulling pricing down in the same neighborhood.

Probably better off paying…[Read more]

There are a lot more banks now setting up there own REITs and buying bulk SFH's, without even doing building inspections. We have seen this first hand and it makes an easy quick sale for our company, but more and more retail investors are finding if they are too slow to place a contract they have been missing out on a lot of properties.

Its…[Read more]

Welcome Insanowayno,

If I could give you some advice: There are enough FREE resources online as well as on this forum to help you make a sound investment decision. You don't need to pay for this by way of a membership fee or anything like that.

<moderator: delete advertising>

I don't have a buyer's agent as such, do you need a more hands on approach Labrador?

If you don't and are just looking for some GA property that is turnkey, then head to:

http://www.atlturnkeylistings.com

access code: areiatlanta

There is about another 30 properties about to be posted onto this site in the next few days (fresh out of rehab and…[Read more]

DWolfe.

You nailed it. Doesn't matter what market you are in (international or domestic). People you trust and a system that you will trust will be the important piece of the puzzle.

I agree, the bottom has probably passed us in a lot of US markets. Which is good from the retail investor view, as that they don't want to be catching a falling…[Read more]

We see this time and time again… brokers who charge $5,000+ fees to access the system created by someone else and classify the membership as exclusive…

Those homes look very familiar to Texas Cash Cow homes… Looks like US Invest is just leveraging off Texas Cash Cow's system and charging a fee for it!

TCCI look to be the direct source for…[Read more]

I agree, Gross numbers don't mean anything.

But Gross numbers are good from a macro level when deciding to choose a specific market.

I don't find it that surprising that Detroit scored the highest price-to-rent ratio (highest gross rent) but also scored the highest vacancy rate ratio.

As Streamlined has said, in the right market, 8% is a solid…[Read more]

Richard,

Appreciate your honesty on this forum and it is great learning for everyone.

Have any Detroit wholesalers or turnkey providers on here had any luck helping you off load your property rather than wasting any more time with that Allen slime ball?

I feel for you Richard. It makes me sick how <moderator: delete personal comment> someone…[Read more]

Hi Streamline,

I think it is more an American term, as all the large data/research firms seem to quote this ratio to track housing markets domestically rather than yield.

The trulia rent-vs-buy quarterly presentation is worth keeping an eye on