Regards,

Sparky

I am affiliated with an Orlando agency, but also contacts in Tampa, Jacksonville and Fort Myers..  

Steve

Yes the prices are $20K for a reason.  In the US you can still get some good properties for say 60K plus – and lovely homes for $100K with up to 70% finance.  Location, like in Australia, is key.  Why waste your money on slum areas when you buy into nice areas where people want to live.

Keep away from places like Detroit and upper NY state -…[Read more]

Sparky
http://www.usadreamhouse.com.au

We deal with Florida – our focus is Orlando, Tampa and Fort Myers.  We focus on foreclosures, but the prices are rising fast.

Regards,

Steve
http://www.usadreamhouse.com.au

I think you have missed the boat.  I deal with property in GA but stock there gone right down.  I have townhouses around 60K but houses now really need around 90-100K.  We do mortgages but usually only around 50%.

Regards,

Steve
http://www.usadreamhouse.com.au

Yes, I have done property deals in Jacksonville.  Usually do foreclosures around 80K as want to get something not too old.

Nice place isn't it?

Steve
http://www.usadreamhouse.com.au

I agree with Jay – I am keeping way out of Detroit.  Watch the bulldozers make it a better town.

I keep to Florida and Georgia.

Sparkoz

I deal with the FL market and I believe this is a fantastic opportunity here.   I do not do any properties below 50K and concentrate on Orlando, Tampa and Jacksonville.

Happy to know your thoughts.

Regards,

Sparky
info@usadreamhouse.com.au

Yes, i keep to Florida and Georgia and have been really successful.  I never will do deals in Detroit for my clients.

Location is always key!

Regards,

Sparky

Buying in the US is a great opportunity.  However, you need to do the research and it is important to have the right team.  

I have one house here but not buying anymore in Oz – too expensive, land tax and stamp duty.  

I am buying houses in the 60-100K range in good areas in Florida, and so far no issues with renting out.  The capital…[Read more]

We have a broker who does UK mortgages-  you will need a good deposit.  

Regards,

Steve
info@gviproperty.com

I do not know what happened with the Victorian house.

I am investing in the USA and I believe has far better returns than available here as you can now get mortgages. It makes sense – high AUD and buying places up to 70% off. Also – no STAMP DUTY. However, that said, you still need your own house here and need to do a lot of research…[Read more]

I like Florida – I am investing in Orlando and am very happy with it. Yields usually around 8-15%. Now that you can get mortgages I plan to buy around 10 properties. No issues getting tenants as strong demand.

There are good foreclosures available in Orlando, Tampa, Fort Myers and Jacksonville. A lot of cheaper places in Miami have…[Read more]

I used HSBC before – you can check with their Sydney office. Wachovia is still fine.

Regards,

Steve

http://www.usadreamhouse.com.au

When is the next meeting?

You can use Wachovia/Wells Fargo.

Regards,

Steve
info@usadreamhouse.com.au

Yes, Florida is I think the best and has good returns. It is also on the up – vacancy rates are falling. i like Orlando, Tampa and Fort Myers.

Regards,

Steve
http://www.usadreamhouse.com.au

Finance for the Uk is possible – Barclays or another broker we use.

Finance for USA is possible too.

Please note that each have their conditions – most UK banks only lend around 60% for Aussies and around 80% for UK passport holders.

US banks depends on state.

Regards,

Steve
http://www.gvimortgages.com

any coming up soon? I am interested in speaking as well on US property if anyone would like – with a trained Australian accountant who deals with US tax.

Regards,

Steve
info@usadreramhouse.com.au

Yes, Fort Myers is a good area. I am expanding into this area after concentrating on Orlando and Tampa which have great potential. How can one argue with places from $50K and no stamp duty!

If anyone is interested, please contact me.

Steve
info@usadreamhouse.com.au

These are the areas I focus on:

– Florida – Orlando, Jacksonville and Tampa
– Georgia – Atlanta

I think it is important to focus on areas with strong demand and good long term potential.

Welcome feedback on these areas.

Regards,

Steve
info@usadreamhouse.com.au

I assist people buying in the US. Yes, I have my own property in the US and intend in buying lots more. Location and management are the key. I also have references as well- because trust is important.

Research is important in buying in the US. I myself stay clear of places like Detroit and areas that have falling demand. I focus on…[Read more]

I have my own property in the US and believe this is a chance of a lifetime. I will never buy another house here, I am buying 10 in the states. Why – no stamp duty, land tax, no GST, cheap prices, high yields and cheap repairs and appliances.

I have a great management team and so far no issues.

Like anything, location and management are…[Read more]

Yes, it can be done through a number of ways. I have a contact who assists Australians with this – LLC set up and EIN, ITIN apps. I have just done my ITIN application and expect news from IRS soon. I also have an Australian accountant who does US/Australian tax returns.

I can be contacted on info@usadreamhouse.com.au

Sparky59

Buying in Florida has great appeal at the moment due to the low prices and potential return. Like anything, it is location that is key and you need good management in place. Sometimes the HOA fees are high too and you need to stay away from a lot of the short-term rental market.

Getting a bank account is easy – just use HSBC in Sydney…[Read more]

We deal with a range of properties – some with high HOA fees and houses with no HOA. I think it depends on management – both HOA and in-country manager.

Regards,

Steve

http://www.usadreamhouse.com.au

Generally it is hard to get loans in the US, although I now do have a lender for FL. I am working in Atlanta and Orlando, FL. It is important to have good management in place or esle you could get into trouble.

Generally, if you looking at Florida it is around 10-15% return and in Atlanta it can be as high as around 20%. When you…[Read more]

If interested in Uk loans, we have a contact who deals with expats and he can guide you through this.

Regards,

Steve

info@gvimortgages.com

Yes you can open an account thru Wachovia Bank in FL – there are no significant fees.

Steve