got it right on the button… rehab means reno'd… the lingo is weird i know…but after a while you get used to it…

NP…. good luck with that…remember  that if you DON'T Understand at least or feel that the PM doens't understand what you want…. give it some more thought.  Investing always carries risk, but invest and risk at a level of discomfort you are willing to take….

since idetroit is starting up again…. i would do more research on your properties…. I have recently posted some website info… do research on the properties that you have…..that is if you do actually own them… if there are any liens… or claims on them… and who in the area can act as your agent to fix this situation….If you are able…[Read more]

i would get a lawyer to check to see if they are still under your name or if they have' acquired' it from you… you may be up for taxes and the states can claim and sell it to get them back….

Oh also… trips o/s can be written off in tax if you are seeing an investment property that you own… the initial trip to set it up may not be…. ….I used to be an accountant, and help people with their tax….so check it out with the ATO.

WOOT hopefully soon to become an owner of my very first investment property!!!!! HBUSA have so far been excellent.  I managed to scrape together enough for a financed property… sold my shares just before it collapsed, and moved my money out just before the dollar went under parity….Although now it is back over parity with the AAA rating ….…[Read more]

some valid points and yes i have considered it "my set and forget"  to me basically means that i can choose my level of involvement to a certain extent. I am not uneducated with regards to the issues that being a property investor entails.  Yes i have been saving madly and i thank you for your concern.  i a not sacrificing my "life savings'. to me…[Read more]

the only problem with set and forget investing….is that you really can forget… Liquidating my shares now so that will help with the saving a little. JOY!!!!! when they get sold…. i can then buy….. and set and forget my usa house…. joy!!!!!!

if it's all expenses paid why do you have to pay 10 k

glad i just dodged that bullet then….

nathaniel is  great help thanks ricki… hoping to take the plunge latest early next year… depending on what properties are available so excited.

Hey rickH,I have registered with HBUSA…when you bought… what other extra expenses did you have?  Accounts' fees, lawyers…etc… I have gone with the full package and getting ready to by hopefully in a few months… just trying to get a ballpark estimate…. of extras. would be great!

YAY!!! got the US bank account!!!… also registered with Ozforex to be able to transfer money OS no fees if the transfer is over 10K… nice!!!!HouseBuyersUS now can offer finance… 50% down though… So I am a little short for that at the moment…. BUT am working on it ASAP…. Have applied for a permanent job where I work, with more humane…[Read more]

RickH wrote:
Rosa,We were advised to try and leave 30% of the income in a US account soley to be able to pay income tax bill at tax time. No reason why you cant take it all out but need to save the $$$ needed to cover your tax bill.Rory,I am planning to hang on to this property for minimum 7-10 years. If the rent is being paid i have no reason…[Read more]

Haven't posted in a while… has been a bit slow with the set up of my US account… entirely my issue though… needed to get more current ID… grrr…. passport office…. ah well…. will have it next week and then full steam ahead again….Not really minding the delay… gives me a chance to save up more cash….

RickH wrote:
AJAY:  I dont have a loan attached to my purchase. Our property was aroung the $50k mark. We were going to finance and do 3 properties but decided no finance and 1 property as got sick of the even moving requirements to secure bank finance.There are a few posters on here that will give better info regarding US finance ect .MAX:I am…[Read more]

Okay… progress thus far… have signed up with House buyers USA…I have LLC and EIN…. now awaiting Bank account…good communication so far and I feel real comfortable with them.

Congrats… I have just gotten my LLC started and the ein…. now awaiting the bank account stuff… As you said excellent communication with this  mob. especially when I pointed out that I preferred email to phone…given my occupation. here's hoping….

I have become a member at the moment with House buyers USA…I am still scoping out the other companies though.  At the moment I am in the process of registering a LLC and obtaining a USA bank account for easier transactions…etc.  All going smoothly so far.A bit more info about me…I am actually considered to be in the Low Income bracket… a…[Read more]

stefcop wrote:

1eyeopen wrote:
Yea I get what your saying thank you for your response I'm only 23 and just starting out in the real estate business so hearing feed back on other peoples experiences is really helpful. Especially successful peoples opinions like yours are hard to come by. Thats why I really liked the US Prime Property website.…[Read more]