Total Members: 158,309

Miniman

  • Miniman replied to the topic My Orlando FL. property experience in the forum Overseas Deals 13 years, 4 months ago

    Ok i have had some sleep now, i was literaly still travelling back and 40 hour journey with little sleep makes one a bit cranky. Perth to Orlando are pretty much opposite sides of the globe.

    We purchased the property mainly for my sister in law to rent. She struggles so we helped her out, she has a nicer property now than where she was for less…[Read more]

  • Miniman replied to the topic My Orlando FL. property experience in the forum Overseas Deals 13 years, 4 months ago

    And as I said I’m not here to debate tax matters. If you knew that was the case why not say it in your first post instead of trying to make yourself look all high and mighty now. You said nothing in your post except are you sure.

  • Miniman replied to the topic My Orlando FL. property experience in the forum Overseas Deals 13 years, 4 months ago

    I guess it all depends on your individual situation. When you pay over $100k a year in tax you learn to love the words negative gearing. Don’t plan on holding the property for 20 years either, maybe 5 depends on the US economy. If prices go back to what they were in 5 years I have doubled my money, reduced my taxable income in the meantime and…[Read more]

  • Miniman replied to the topic My Orlando FL. property experience in the forum Overseas Deals 13 years, 4 months ago

    On the subject of HOA fees be wary.  Some suburbs with high foreclosures and vacancies are charging existing owners more to make up for lack of regular owners all paying what they normally would.

  • Miniman replied to the topic My Orlando FL. property experience in the forum Overseas Deals 13 years, 4 months ago

    Qlds007 wrote:
    Are you sure about that Your trip over is a taxable deduction.CheersYours in Finance

    Absolutely, whether the 1st trip is added to the cost of sale and then taken off a future capital gain or used as a deduction it comes off your tax somewhere down the line.  Confirmed by both the US and Aus accountants.  After that 1 trip each f…[Read more]

  • Miniman replied to the topic MyUSAProperty – Beware !!! in the forum Overseas Deals 13 years, 5 months ago

    Mate I have emailed you directly with no response.  I WANT TO BUY SOME PROPERTIES AND WOULD LIKE TO USE YOUR SERVICE

  • Miniman replied to the topic MyUSAProperty – Beware !!! in the forum Overseas Deals 13 years, 5 months ago

    At least you guys get an answer, I have sent 2 emails saying i want to buy several properties and would like to meet with the Orlando office and had no reply.  Guess they must be busy enough without any new business.

  • Miniman replied to the topic MIAMI (ad)VICE in the forum Overseas Deals 13 years, 5 months ago

    The wife and I have been giving this a lot of thought over the last few days, condo v SFR. We have decided to go for just 1 condo close to the beach for our own future use and then the rest SFR. At the end of the day if they don’t make land anymore so for long term investment we feel SFR is the way to go.

    Yes maintenance may be an issue but…[Read more]

  • Miniman replied to the topic Dymphnas USA investing course-is it worth it? in the forum Overseas Deals 13 years, 5 months ago

    I will also be at the Perth seminar

  • Miniman replied to the topic MIAMI (ad)VICE in the forum Overseas Deals 13 years, 5 months ago

    British Buyer wrote:
    Hi JasonSounds like you're already sold on the Florida idea.  Can you give me (and any other readers) an idea of what you perceived the Orlando market to be like.  Ie. how cheap did things look?  Did you feel it was bottoming?I'm leaving China tomorrow, and will be in Miami on Wednesday.  I have no idea what to expect, oth…[Read more]

  • Miniman replied to the topic MIAMI (ad)VICE in the forum Hi Steve
    Some awesome
    13 years, 5 months ago

    Hi SteveSome awesome information you have posted in this thread, well done.  I have just purchased my 1st property in Orlando and will be heading over around the 15th of next month to close the deal.  I know it could be done from here (Perth) but we want to snap up a few more when we go over.We used our line of credit here in oz to finance e…[Read more]

Miniman

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