nyc88 replied to the topic Many furnished short term rentals needed in Adelaide in the forum Help Needed! 10 years ago
Hi Z98, I may be able to help by providing a name of an RE agent in Adelaide. I will PM you.
cheers, nyc88
nyc88 replied to the topic Hong Kong Investors? in the forum Overseas Deals 10 years, 4 months ago
Hi Stevie2013, congratulations on becoming a PR in Hong Kong. I bet you must be very excited about attaining your residency and having the opportunity to invest like a ‘local’ would. I haven’t lived in the country for a couple of years now, but if you want to send me a PM about your thoughts and ideas of investing in HK, I may be able to share…[Read more]
nyc88 replied to the topic leverage in Australia versus ‘all cash’ in the US in the forum Overseas Deals 10 years, 10 months ago
engelorumora wrote:
I think you should not invest in the US if your hoping the property will go up in value.Hoping is not a strategy, its a prediction.
Look at the numbers in a particular deal and if they make sense and suit your end strategy then I would proceed with the investment.
As Freckle mentioned the US market is completely different…[Read more]
nyc88 replied to the topic What should I do with my $250,000 in the forum Help Needed! 11 years, 10 months ago
Hello
This is an interesting thread. Rather than start a new thread, I'd thought I'll ask some questions here as my questions are similar to Royce's questions and my questions are also around's TerryW's strategy suggestions.
TerryW, your first response on the thread is very interesting. How would the strategy change, ie "Gift the money to a…[Read more]
nyc88 replied to the topic Income tax for US real estate in the forum Overseas Deals 12 years, 2 months ago
Jclimie, your accountant would be preparing a partnership return and then two individual tax returns when there are two owners of an LLC, on both the State and Federal level.
The information from the partnership return feeds right into each individual return – I don't think it is really that hard for the accountant to do the returns.
Have you…[Read more]
nyc88 replied to the topic Humorous exchange with PM who is experincing his first and Last OZ owner. in the forum Overseas Deals 12 years, 2 months ago
Jay, great post….love it.
So only the minority of renters in the US living in homes (under $100,000 market value) own bank accounts….say around 20% of renters, if one is to generalise?
nyc88 replied to the topic Warning re: Wells Fargo Bank toll-free number! in the forum Overseas Deals 12 years, 3 months ago
Hi Cocam, hehe…..no, I don't work for Wells…..I thought that by asking an open-ended question, I might some interesting comments from you and I did…..some of your comments are funny (and cute). Yes, I agree….the bank accounts have many numbers (too many) and some of the Wells customer service staff are robotic. Overall though, I find them…[Read more]
nyc88 replied to the topic Leaderboard ? in the forum Opinionated! 12 years, 3 months ago
Dubstep…..perhaps its because you walk softly and carry a big stick…..erh….oops, I mean, carry a big fish…..hehe
nyc88 replied to the topic Warning re: Wells Fargo Bank toll-free number! in the forum Overseas Deals 12 years, 3 months ago
Hi Cococam, thanks for the information. ..its useful to know…..I've always wondered about the toll-free line for business accounts with Wells Fargo.
Have you been satisfied with the level of service provided by the phone customer service team at Wells?
cheers
nyc88 replied to the topic heading to the States! in the forum Overseas Deals 12 years, 3 months ago
…..thats right, I forgot to mention to have a chat to Tripti Zehd in Miami. She is very helpful.
nyc88 replied to the topic heading to the States! in the forum Overseas Deals 12 years, 3 months ago
BMH and Mary, if you are interested investing in Florida, I would highly recommend Judith Ottosen (an Australian), a licensed realtor and property manager based in Fort Myers.
Here are her details:
Judith L Ottosen
Tall Poppy Real Estate, LLC
http://www.tallpoppyrealestate.comAll the best
nyc88 replied to the topic Insurance Policies – US in the forum Overseas Deals 12 years, 4 months ago
Hi mpinvestor, I’ve just sent you a PM.
nyc88 replied to the topic “The Tenant is King” – Japan Real Estate Guide (2) in the forum Overseas Deals 12 years, 4 months ago
Hi Ziv, this is a very well written article…..well done!
nyc88 replied to the topic Insurance Policies – US in the forum Overseas Deals 12 years, 6 months ago
Hi WorldInvestor, I sent you an email with the contact details of an insurance broker in Georgia.
All the best
nyc88 replied to the topic Newbie question – which US bank to open an account with? in the forum Overseas Deals 12 years, 6 months ago
In order to open an bank account with HSBC USA, first you have to qualify as a Premier client with HSBC in your home country (whether it is Australia, Canada, Singapore or the UK, to name a few countries). In Australia, to qualify as a Premier client, you would need to have AUD$200,000 in cash deposits with them (this amount can include…[Read more]
nyc88 replied to the topic More news on US in the forum Overseas Deals 12 years, 6 months ago
Hi WorldInvestor, thank you very much for sharing the valuable information here.
nyc88 replied to the topic Taxes for USA property when living in Australia in the forum Overseas Deals 12 years, 6 months ago
Hi Stu82, Sall94 and WorldInvestor,
The US-based accountant said that many countries recognize an LLC as a “corporation” for tax purposes – while the United States recognises it as a look-through entity. In situations involving many other countries using an LLC can raise the worldwide effective tax rate of the investor to more than 55% when compa…[Read more]
nyc88 replied to the topic More news on US in the forum Overseas Deals 12 years, 6 months ago
Hi WorldInvestor, thanks for your comments. I’m looking to purchase in Atlanta and would like to know the details of your attorney, if it is okay.
May I ask, in terms of the loan period for the liens on the properties, did you use the same timeframe for all your properties. For example, a 15 year loan period? 20 years?
Thank you
nyc88 replied to the topic Taxes for USA property when living in Australia in the forum Overseas Deals 12 years, 6 months ago
Matt, you’ve asked some interesting questions. I’ll private message you with a statement made by an accountant whom I wrote to recently…
nyc88 replied to the topic More news on US in the forum Overseas Deals 12 years, 6 months ago
Hi WorldInvestor, you’ve made great comments and thank you for sharing.
You wrote, “Not sure whether investors have also considered setting up loans against properties. I arranged this with my lawyer in Atlanta, as I do not plan to pay any tax in US.”
Would you please tell me the process as to how you went about setting up loans against the…[Read more]
- Load More