https://www.propertyinvesting.com/members/mojorising/activity/ Activity feed for mojorising. Sun, 12 Apr 2026 16:05:18 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 87cbbe4b89cfaf21f8d7b82a3e00f7d9 https://www.propertyinvesting.com/topic/4401354-miami-advice/page/16/#post-4633091 Wed, 23 Feb 2011 13:37:10 +0000 Does not sound that bad. If the finance hurdle had stopped you from closing it would be a major pain in the ass but sounds like you have the option of getting finance once the work is done and you are not looking at purchasing a second short term so apart from the initial surprise and frustration suonds like not such a bad situation.

]]> 5179775a73d427b9e736061c4ee772ae https://www.propertyinvesting.com/topic/4401354-miami-advice/page/16/#post-4633085 Sun, 20 Feb 2011 13:41:52 +0000 Just checked in on this site to see if this thread was still going.Hope things work out with the waterfront BB and great that it came back on the market at just the right time. Let us know how it goes.Cheers

]]> ae9fcad4bc40f0d2e4fdb95f1ce9ff85 https://www.propertyinvesting.com/topic/4401955-landlord-insurance-self-managed-ip/#post-4636675 Wed, 05 Jan 2011 14:33:38 +0000 $270pretty much same rate as TS

]]> fea0edf8b2f4c75bfe3ee715d0bc8af4 https://www.propertyinvesting.com/topic/4402341-ip-2-advice/#post-4639043 Mon, 03 Jan 2011 15:14:10 +0000 if the LOC is secured against PPOR doesn't that mean it is not an investment loan and would not be tax deductible?

]]> fac4e7f24f88719cd3fe30d96263c96f https://www.propertyinvesting.com/topic/4401955-landlord-insurance-self-managed-ip/#post-4636673 Mon, 03 Jan 2011 14:19:16 +0000 Thanks for ideas. I went with EBM.

]]> dc057231f0790208b999cb497942137b https://www.propertyinvesting.com/topic/4402115-warnings-about-investing-in-the-us/#post-4637650 Mon, 06 Dec 2010 14:15:38 +0000 If there is no physical inspection of the property and the place burns down with a tenant in it due to poor wiring, can you imagine the lawsuit you would have!Probably sucks for the tenant too Good OP runway.- I am also torn between the idea of trying to do this remotely and getting over there. Ideally would like to go and stay over there for a…[Read more]

]]> 7600349692fb088f0fc6eebef5a1ce56 https://www.propertyinvesting.com/topic/4402103-wyoming-nevada-delaware-florida-structure-formation-im-so-confused/#post-4637580 Mon, 06 Dec 2010 14:04:44 +0000 Some say you can have the LLC with any rental income coming into a private bank account (though how that works I don't get. How can a company own a property with the rental income going to a private account?). The LLC is the legal owning entity but you call the managing agent and tell them to find a tenant. They say 'where does the rent money go?'…[Read more]

]]> 0e94d921d70d3478fa0162e80b7b8a0f https://www.propertyinvesting.com/topic/4400967-my-usa-property/page/4/#post-4630426 Mon, 06 Dec 2010 13:51:22 +0000 >>I can transfere the properties at anytime into the LLC nameWouldn't this involve paying stamp duty twice or whatever the US equivalent property ownership transfer tax is called?

]]> 4670fd3c6717c0b17a8db741cf3973c8 https://www.propertyinvesting.com/topic/4401849-is-it-best-to-buy-in-an-llc-or-in-own-name/page/2/#post-4635957 Mon, 06 Dec 2010 13:47:20 +0000 I thought you would be able to transfer funds to the vendor bank direclty from your personal US account for the purposes of settling a purchase even if you nominate for the property to go into an LLC. But just guessing.

]]> 0ac7bfc72691594da05f28ce6f556c7f https://www.propertyinvesting.com/topic/4401354-miami-advice/page/13/#post-4633034 Thu, 02 Dec 2010 10:40:59 +0000 Sounds like a good idea Aussie.If the investing gets enough traction then maybe they will rename a new Miami suburb Little Australia!

]]> b0a4ce9b0a18ec45e6d981df167f4c26 https://www.propertyinvesting.com/topic/4402024-my-orlando-fl-property-experience/#post-4637103 Mon, 29 Nov 2010 01:20:05 +0000 Great OP Miniman. These stories of peoples experiences of travelling to the US and eyeballing the difference between what you see on the net and what you see for real are so helpful.Good to hear you actually got a purchase through.

]]> 1fa32ac0c5b2f824afa152d9cbbf6704 https://www.propertyinvesting.com/topic/4401849-is-it-best-to-buy-in-an-llc-or-in-own-name/#post-4635943 Tue, 23 Nov 2010 15:08:49 +0000 property manager would have to withhold 30% of your rental income and forward it to the IRSJust heard back from an email conversation with a Miami based property manager and they have not heard of this rule.so maybe if you stick with PMs who haven't heard of the rule then you will be OK!

]]> 6493ce73ebadbd21de74892b55826728 https://www.propertyinvesting.com/topic/4401849-is-it-best-to-buy-in-an-llc-or-in-own-name/#post-4635942 Tue, 23 Nov 2010 14:46:38 +0000 >>I would be absolutely crazy if I purchased in my own personal name even if I had Landlord Insurance on a property as I would be minimising my risk of litigationBy wrapping a property in an LLC I guess that you limit litigation liability for a claim against that property (by a tenant or other party) to the value of the property itself as opposed…[Read more]

]]> f24461ab3b242ec2e3ef5708e955552a https://www.propertyinvesting.com/topic/4401354-miami-advice/page/12/#post-4633019 Mon, 22 Nov 2010 09:59:44 +0000 Hi Kev,Please send me a copy also. I spoke to HSBC call centre on Friday and they promised I would have a PDF by close of business. Nothing so faremail addy sent by pmthanks

]]> f9739c79e9d31f7fd92d3c1970ba9df3 https://www.propertyinvesting.com/topic/4401354-miami-advice/page/12/#post-4633016 Sun, 21 Nov 2010 23:35:12 +0000 Thanks Steve,makes sense – that is pretty much identical to the Australian process

]]> 31174f4bd03a7d2fa54953d6f3dfb0d9 https://www.propertyinvesting.com/topic/4401354-miami-advice/page/12/#post-4633013 Sun, 21 Nov 2010 08:47:52 +0000 Thanks Steve,Most of my liquid assets are in shares. I can turn them into cash in 1 day and an EFT to my US bank account in 1 day. The local EFT to the vendor would be an additional day.If I am paying cash for my 1st property seems like that would be fast enough.Do you know how fast you need to come up with the cash if an offer is accepted?I…[Read more]

]]> a78ee5614d3b6c19b5817004719ce57b https://www.propertyinvesting.com/topic/4401936-what-us-bank-account-did-you-open/#post-4636568 Sun, 21 Nov 2010 08:40:02 +0000 Thanks, spoke to HSBC. They said $200 fee to open an account from overseas. They said just open the basic savers account. No minimum deposit. No monthly fee.It has internet access and the ability to do electronic bill payments and Electronic Fund Transfers to and from both locally and internationally.Seems like all you would need.

]]> fcc18b8205b96406dd3da11c4f1cb927 https://www.propertyinvesting.com/topic/4401354-miami-advice/page/12/#post-4633007 Fri, 19 Nov 2010 01:48:17 +0000 Hi Steve,Someone like you who will be on the ground and living there and managing their own proerties can obviously make the best purchase decisions and make the most cashflow. But for an investor planning to buy form overseas and rent out without being there do you think going for properties within a condo development which has an onsite…[Read more]

]]> 727f99424d2cf3a2f290e59e0a8781a5 https://www.propertyinvesting.com/topic/4401354-miami-advice/page/10/#post-4632964 Sat, 13 Nov 2010 08:24:31 +0000 Thanks for the informative insight into your foray in to the US property market BB.Hope you take the setbacks and frustrations in your stride.Work it off on the surf-board! Don't know if Miami is a surf beach but the waters warming up nicely in Sydney.

]]> f69aadc51adb2313dc88a13550a83883 https://www.propertyinvesting.com/topic/4401354-miami-advice/page/7/#post-4632912 Fri, 05 Nov 2010 00:25:57 +0000 Thanks for the tax info BB.The house sounds great. Good luck.

]]> 0abfd9653fcdca62dcdb93cde8972926 https://www.propertyinvesting.com/topic/4401675-cgt-for-alien-investing-in-us-property/#post-4634999 Thu, 04 Nov 2010 15:37:40 +0000 Thanks Jeff,I am also in Sydney.Yes, I am thinking about buying in Miami so I am watching British Buyer's thread with interest.

]]> fbef335c1c666edf05a956cb521b191a https://www.propertyinvesting.com/topic/4401675-cgt-for-alien-investing-in-us-property/#post-4634997 Wed, 03 Nov 2010 12:56:21 +0000 Thanks Jeff,Would be interested if anybody has kowledge of actual numbers.Like in Australia the basic rule is that we pay CGT at our marginal rate of income tax on 50% of the profit – for property held more than 12 months.

]]>