Hate to say "cash out" is not going to happen with any US lender irrespective of whether the purchaser is you individually or you as an LLC entity.

Cheers

Yours in Finance

Hi Oceans

Yes you have it in 1.

The other reason is that when you move out of the property and it is available for rent you preserve the interest deduction on the full loan amount.
 
If you have purchased a new PPOR you can attach the offset account to your next loan.

Not every lender offers such a product so make sure your Mortgage Broker is well versed with investment structures.

Cheers

Yours in Finance

With the exception of 1 of my Australian IP's the other 39 are all within 10 kms of where we currently live here in Brisbane.

I find if you get to know an area like the back of your hand you have a feel for the street and area before you arrive.
i like to be a postion where i can drive down a street and recalling each shop or house in a before i get to if i have only been there a few times.

Thay way when someone tells me that number 48 is up for sale i can say from the comfort of the office "is that the before the corner block with the Qlder on it or the 3rd one past the bus stop".

I wholeheartedly agree about buying under market value and trying to improve the property to create equity and increased yield.
This is all i have done on everyone one of my purchases whether it was a freestanding house or a block of 18 units which we renovated doubled the valued and increased the rent 3 fold.

Cheers

Yours in Finance

Sorry Pat no chance at all.

Chinese Banks have been here for years and their small change is equivalent to the GDP of Japan.

They have had little or no impact on the overall borrowing market and in fact rates are higher than local Australian institutions.

Cheers

Yours in Finance

Thats the spirit Kate.

Be suprised how many forum members have contacted us since Xmas with the same ideal.

I think 2012 is going to be good year for all of us.

Cheers

Yours in Finance

Hi Pat

Yes a few lenders will lend for foreign investment and we do many loans for clients each and every month like this.

Big difference is the security they accept and that is only Australian based.

If your question is "will any Australian lender take security on an foreign property" then answer is simple – NO.

Cheers

Yours in Finance

Hi Kate

C/C is where you have more than 1 property and your loan is over both or multiple properies.

Assume you have a PPOR with no loan against and wish to buy an investment property for $400K.
You need to borrow $420,000 to cover your acqusition costs and wish to borrow the full loanamount.

The Bank may take both the new IP and PPOR as security and give you one loan across both properties.

If in doubt have a look at the Letter of Offer you were given by the lender and under the "Security section" it will state the properties being held as security. If both are mentioned then the loans are crossed.

It is easy for a lender / broker to structure the loans correctly if they want to however most lenders wont as it is in there interest to cross the loans over multiple securities.

Hope this explanation helps.

Cheers

Yours in Finance

Hi Oceans

Firstly welcome to the forum and i hope you enjoy your time with us.

How have you calculated your budget is this based and on line lenders calculator or something more sophisticated.

Remember you can borrow upto 95% + LMI with the right lender so as long as you can demonstrate 5% deposit over 3 months and your serviceability is sufficient then yoiu might be suprised as to what level of purchase price you can target.

Either way one thing i would suggest is that you consider an interest only loan with 100% offset as this will reduce your monthly repayments whilst you llve in the property and protect the deductibility of the interest when you look to rent the property out.

Cheers

Yours in Finance 

Hi Matt

Good for you on already looking for the next IP.

Just make sure you structure your lending correctly to avoid cross collateralising your securities as that will certainly slow your investment journey down.

Why dont you contact Jamie M who has already commented on your earlier post and get him to steer you in the right direction.

Cost you nothing and you get professional help and advice from someone who is doing it himself and assisting others at the same time.

Cheers

Yours in Financ

If you are looking for a so called property investment expert then you probably need to engage the services of a Buyers Agent and there are certainly a few on the forum here who cover the areas you are looking at.

In regards to buying a property where the valuation is different to the purchase price Yes this can certainly be done and all depends on hope desparate the vendor is. Everybodies personal and financial circumstances are different.

I purchased a property just before Xmas down at Hope Island (which i showed on the forum here) for just under $600K which was a Bank repossession. The property was sold less than 18 months earlier for $1.3M and although needed a wee bit of work was just a matter of being in the right place at the right time and also have cash funds available and a lender who had a loan balance less than the purchase price.

Remember though becos the valuation might be higher than the purchase price you can still only initially borrow against the lower of the two so still need to fund the deposit and acqusition costs. Funding commercial or development is slightly different but so are the rates and set up fees.

Cheers

Yours in Finance