PropertyInvesting.com | spyglassltd | Activity https://www.propertyinvesting.com/members/spyglassltd/activity/ Activity feed for spyglassltd. Mon, 13 Apr 2026 18:15:05 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 a1b8feaf40fc760fbe003fa9ef13510d spyglassltd replied to the topic MIAMI (ad)VICE in the forum Overseas Deals https://www.propertyinvesting.com/topic/4401354-miami-advice/page/18/#post-4633124 Wed, 09 Mar 2011 13:49:17 +0000 You can open a etrade – business account online. Bizarre but true. Quite good facilities as well.

]]> 8cd45e152ef3eb31758cec71d0574fb1 spyglassltd replied to the topic bank refusing to release info to the title company in the forum I think you need to find a https://www.propertyinvesting.com/topic/4402894-bank-refusing-to-release-info-to-the-title-company/#post-4642731 Fri, 25 Feb 2011 13:23:25 +0000 I think you need to find a decent Real Estate attorney, they should be able to guide you through it.Good luck

]]> eb10c90d9a0d5d86a0b574a195ee6c1c spyglassltd replied to the topic Cape Coral growth ? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4402724-cape-coral-growth/#post-4641462 Wed, 09 Feb 2011 15:12:06 +0000 I think that with land there are other advantages, such as no management, lower outgoings, no maintenance etc. Also land is so low now because nobody is building any houses so there are great opportunities to buy eg in cape coral [Cheeves you'll know the price better than me so feel free to correct me } land with gulf access for 35-55k which sold…[Read more]

]]> afc35355ab827b31efec90ce354f57b5 spyglassltd replied to the topic Is it best to buy in an LLC or in own name? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4401849-is-it-best-to-buy-in-an-llc-or-in-own-name/page/3/#post-4635984 Wed, 09 Feb 2011 08:13:25 +0000 in the UK we have SIPP's which are self invested personal pensions which I suppose are similar to the SMSF, the IRS doesnt give them any favourable tax status and taxes as it would a normal llc. But its a complex area and specialist accountancy advice would perhaps be a good idea. I have the advice I got if you like I can send you this?

]]> 4fd19b74417032e9b7c0e722c8b61bce spyglassltd replied to the topic RECOMMENDED US TOWNS TO INVEST IN? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4402546-recommended-us-towns-to-invest-in/page/2/#post-4640235 Sun, 06 Feb 2011 14:33:43 +0000 I think you may be surprised by Florida there are sub 35k properties with double digit net yields available in many Florida markets. Plus of course you have any future capital growth.

]]> ce00815c408ea80827841258987f02ab spyglassltd replied to the topic Is it best to buy in an LLC or in own name? in the forum stuparker wrote:If your https://www.propertyinvesting.com/topic/4401849-is-it-best-to-buy-in-an-llc-or-in-own-name/page/3/#post-4635981 Sat, 05 Feb 2011 12:20:41 +0000 stuparker wrote:
If your investing in Florida you will need a LLC registered in this state to trade properties however this may not be the case if your are buying investment property with the intention to hold it long term i.e. you maybe able to buy your long term holds in a foreign entity such as a Wyoming ,Delaware or Nevada LLC. This is…[Read more]

]]> 08bd5170fb710656dcd26f1ddb6550f4 spyglassltd replied to the topic RECOMMENDED US TOWNS TO INVEST IN? in the forum RickH wrote:putting Kansas https://www.propertyinvesting.com/topic/4402546-recommended-us-towns-to-invest-in/page/2/#post-4640231 Tue, 01 Feb 2011 06:52:56 +0000 RickH wrote:
putting Kansas in the Detroit basket is a little harsh.I have done some research into kansas city.it is a pretty stable place. you arent going to get your booming capital growthbut it a place that offers good returns and cash flow.From a personel point that is what I want.

What returns you can expect to achieve there?

]]> cbb8579da53cbc23fe69d82437d1f453 spyglassltd replied to the topic IPINglobal (international property investment network) in the forum Overseas Deals https://www.propertyinvesting.com/topic/4402602-ipinglobal-international-property-investment-network/#post-4640619 Mon, 31 Jan 2011 09:09:27 +0000 Rosa,I think they are fairly well regarded but I also think,-not sure, that they have quite high buyers fees which isn't something you should be paying.

]]> 51941759c3fffec11097c4057875bf65 spyglassltd replied to the topic MIAMI (ad)VICE in the forum Overseas Deals https://www.propertyinvesting.com/topic/4401354-miami-advice/page/15/#post-4633076 Mon, 31 Jan 2011 09:07:08 +0000 simon87 wrote:
Hey all, I am heading over to Miami late feb and was just wondering if anyone is going to be around and would like to possibly catch up? I am keen to get out and see the property market and learn. British buyer would be keen to catch up if you are free late feb early march for a chat and maybe to look at some property and see how…[Read more]

]]> 90a002302d4316b05bbada8fc399c6f6 spyglassltd replied to the topic Lodging a tax return in the US in the forum Propinvest i do know it a https://www.propertyinvesting.com/topic/4402362-lodging-a-tax-return-in-the-us/page/2/#post-4639187 Fri, 28 Jan 2011 08:01:07 +0000 Propinvesti do know it a little, my old partner recently bought two thousand plus building lots there. I think lehigh is one of those areas of Florida which became popular in the last boom, but will take longer to recover. It is also an area that varies widely and not an area to buy in without understanding those differences first hand. Having…[Read more]

]]> 26763ef1ac58d3ba383b1f80027b6090 spyglassltd replied to the topic RECOMMENDED US TOWNS TO INVEST IN? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4402546-recommended-us-towns-to-invest-in/#post-4640222 Fri, 28 Jan 2011 01:15:15 +0000 Yes Im familiar with their approach, essentially they take the house price at one point in time and then the same house price at another point in time and from that extrapolate the house price market for a metro area. The reasons it is a very general indicator of the market are surely obvious. It s info is constructed from prices 5-6 months ago,…[Read more]

]]> 09b864bab7a8ee9569e45502c1a138e7 spyglassltd replied to the topic MIAMI (ad)VICE in the forum Overseas Deals https://www.propertyinvesting.com/topic/4401354-miami-advice/page/15/#post-4633066 Tue, 25 Jan 2011 08:35:01 +0000 I dont think there is one, but it would be a useful tool. There are apartment rental websites such as rent.com where you can get a good feel, especially when comparing class a with class a, and class b with class b etc, of course this doesn't deal with the shadow rental market which is historically very large at the moment  and skews things a…[Read more]

]]> 1d1ea45020faaf3e7baa231c9f06e0c1 spyglassltd replied to the topic MIAMI (ad)VICE in the forum Overseas Deals https://www.propertyinvesting.com/topic/4401354-miami-advice/page/15/#post-4633065 Tue, 25 Jan 2011 08:33:35 +0000 I dont think there is one, but it would be a useful tool. There are apartment rental websites such as rent.com where you can get a good feel, especially when comparing class a with class a, and class b with class b etc, of course this doesn't deal with the shadow rental market which is historically very large at the moment  and skews things a…[Read more]

]]> c1a236b2a4f59f475ab5727e407e0a9f spyglassltd replied to the topic Property in the USA in the forum Overseas Deals https://www.propertyinvesting.com/topic/4402468-property-in-the-usa/#post-4639734 Mon, 24 Jan 2011 23:49:04 +0000 Perhaps more detail than people might want and I thought I had posted this chapter of my US investment guide before, but I cant seem to find it.  Prior to the passing of the Foreign Investment in Real Property Tax Act 1980 (FIRPTA) unless the holding of real estate constituted a US trade or business any gain on its disposal was not subject to US…[Read more]

]]> 2efa0cf07711d4d3ef10a8ca73b7d7d8 spyglassltd replied to the topic Lodging a tax return in the US in the forum Overseas Deals https://www.propertyinvesting.com/topic/4402362-lodging-a-tax-return-in-the-us/#post-4639183 Thu, 20 Jan 2011 11:44:24 +0000 your welcome, anytime.

]]> bd51cfb71bdefebe3e2114da0b5244a4 spyglassltd replied to the topic How much to Start investing in USA property in the forum Overseas Deals https://www.propertyinvesting.com/topic/4402377-how-much-to-start-investing-in-usa-property/#post-4639282 Tue, 18 Jan 2011 23:05:22 +0000 <Moderator: delete ad>The point I want to make is you shouldn't pay any fees to any companies to find properties, membership fees etc etc. All the properties will have commission {normally 6% } built in. Essentially what it means is that there is three agents earning on the deal , the listing agent, the buyers agent, and the company charging the…[Read more]

]]> bad917a06f2be17f654c35384f680783 spyglassltd replied to the topic Lodging a tax return in the US in the forum Overseas Deals https://www.propertyinvesting.com/topic/4402362-lodging-a-tax-return-in-the-us/#post-4639181 Tue, 18 Jan 2011 22:13:06 +0000 Hi, I like areas such as Cape Coral, which I feel is undervalued and a great location for growth -however I should also say I have a development there as well as lots of land so I am biased! I like Gainesville which is a college town in between orlando and Tallahassee,  it has fairly solid renters both from students and those staying on to work…[Read more]

]]> 4c786584e5300584c011d3105a61fe5d spyglassltd replied to the topic Lodging a tax return in the US in the forum Overseas Deals https://www.propertyinvesting.com/topic/4402362-lodging-a-tax-return-in-the-us/#post-4639177 Sun, 09 Jan 2011 11:52:38 +0000 Hi Treasure,Its a long answer because as you know there are so many different housing markets and within those markets there will be good and bad areas, but some of the ones, and types I would sidestep are; Brickell, downtown Miami, epicentre of the condo building. These were the most high end condos and as such developers were falling over…[Read more]

]]> 788fd81417fd7dc0655a9d40b2c6555d spyglassltd replied to the topic Lodging a tax return in the US in the forum Overseas Deals https://www.propertyinvesting.com/topic/4402362-lodging-a-tax-return-in-the-us/#post-4639175 Sat, 08 Jan 2011 15:04:14 +0000 morgstar wrote:
Hi I am looking at buying in Phoenix, Kansas City or Orlando but i wanted to buy something around $25000, i am just a bit worried if i buy at the lower end of the market i will never recoup my money in 5 to 10 years in regards to the sale.  

Its a question of making sure you arent buying in a dying area, 25k is certainly at the…[Read more]

]]> ec47e3089879f58bf2711422587efeb3 spyglassltd replied to the topic How much to Start investing in USA property in the forum Overseas Deals https://www.propertyinvesting.com/topic/4402377-how-much-to-start-investing-in-usa-property/#post-4639272 Fri, 07 Jan 2011 17:09:04 +0000 I have to admit I don't know what a spruiker is but I totally agree that the there's a difference between these property marketing companies which seem to be like a single focus estate agent that is just marketing these properties because its the latest hot item.There used to be a joke in Florida a few years ago that when a traffic cop pulled you…[Read more]

]]> 71880fbb990d01e1ea0acf85eb081019 spyglassltd replied to the topic USA investment companies - advise? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4402325-usa-investment-companies-advise/page/2/#post-4638973 Tue, 04 Jan 2011 23:40:35 +0000 HI, Ive no experience at all of Kansas City. Quite a few people on here seem to rate it though.

]]> 3f406eaa67546bd32567af7461d60893 spyglassltd replied to the topic USA investment companies - advise? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4402325-usa-investment-companies-advise/page/2/#post-4638971 Tue, 04 Jan 2011 23:11:27 +0000 munecita20027739 wrote:
I think the key is to pay wholesale, once you add in the flippers exhorberant price increase after they paint and flip the house to you and then add another couple of thousand for the buyers agent you are simply paying too much. leave the flipper out of the equation and you will do much better. You really need to…[Read more]

]]> b099575611b39f237f7e8f6d7b7fd3b5 spyglassltd replied to the topic USA investment companies - advise? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4402325-usa-investment-companies-advise/page/2/#post-4638969 Tue, 04 Jan 2011 22:31:00 +0000 I was also wondering Nigel how the banks agree to you assigning the mortgages to the new investors? I was quite surprised to see that was your offer,  as even in 05/06/07 when everything was a lot more relaxed they still didnt like to do that.

]]> 0ee0de39aab8621fad5c0fdd0efe23af spyglassltd replied to the topic assistance applying for EIN pls? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4402295-assistance-applying-for-ein-pls/#post-4638769 Tue, 04 Jan 2011 15:55:13 +0000 No problem…they mention it on their website, I just dug out the link http://www.irs.gov/businesses/small/article/0,,id=97860,00.html

]]> 4cae6b58a1e52344a3f0eceac69be60b spyglassltd replied to the topic assistance applying for EIN pls? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4402295-assistance-applying-for-ein-pls/#post-4638767 Tue, 04 Jan 2011 10:33:36 +0000 Yes ive done it many times since 2004 both for my property holdings and companies and have assisted for other investors and clients. Regards what criteria im not sure what you mean but its just following the IRS's rules on how to fill the forms in, and they allow it to be treated differently between online and through fax/mail, im not sure why…[Read more]

]]> 155c9f663c3eeb52ee994f1cc3a18798 spyglassltd replied to the topic assistance applying for EIN pls? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4402295-assistance-applying-for-ein-pls/#post-4638765 Tue, 04 Jan 2011 09:08:58 +0000 Your right as far as online applications go but, if you apply by mail or fax then as long as the llc is in existence you will get a EIN without the need to have a ITIN.

]]> 991e21a6daca16a1d511657ce241ef2f spyglassltd replied to the topic Financing USA property ? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4402279-financing-usa-property/#post-4638652 Mon, 03 Jan 2011 18:55:12 +0000 I have a contact that will, at the moment though they will only lend in Florida, on condos which are FHA approved and single family homes, both have to be more than $70,000 in value however.  70% ltv, sub 6% apr.

]]> 7b19730e8981f464ac4dd0d1cc5b04bd spyglassltd replied to the topic USA investment companies - advise? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4402325-usa-investment-companies-advise/#post-4638951 Mon, 03 Jan 2011 14:25:04 +0000 APerry wrote:
Hi All,Something Nigel should emphasise more is that the properties his clients are buying come with loans in place that are assumed by the buyer (something you can't do over here). One of the major issues with the US, for Aussie Investors, is the difficulty of financing properties on decent terms.  RegardsAlistair

That's very u…[Read more]

]]> 8093dfbc7879238fe9b7feeea7092106 spyglassltd replied to the topic Rent Controls in the forum Overseas Deals https://www.propertyinvesting.com/topic/4402326-rent-controls/#post-4638979 Sun, 02 Jan 2011 20:02:03 +0000 great article, thanks

]]> 10b3cfd6ddc273a5c1fc467b63c1b209 spyglassltd replied to the topic Tenants in USA in the forum Overseas Deals https://www.propertyinvesting.com/topic/4402290-tenants-in-usa/#post-4638735 Fri, 31 Dec 2010 19:48:25 +0000 Hi Cheeves,I really believe its down to personal preference and there are no black and white, clear cut, right and wrong. For many people it seems to work, I dont like it for few reasons firstly the fact that in some communities in South Florida, Im thinking in particular west palm beach which have good stock the amount of section 8 tenants is…[Read more]

]]> 25c01b946eb1975ec075eca4eaa49922 spyglassltd replied to the topic ... in the forum General Property https://www.propertyinvesting.com/topic/4402302-4402302/#post-4638819 Fri, 31 Dec 2010 12:14:06 +0000 simple wrote:
fWord, if my memory serve me right, in US rent dictated by goverment body. You canot charge 'as you wish' like we do in Australia.So, you may have many people wanting to rent but, it may not nesesarly drive rent prices up.Anuone here with more inside info of rent reculation in US to confirm?

There are rent controls in very few…[Read more]

]]> f2ebd16422bdac3ddda8ac794ef679c2 spyglassltd replied to the topic Tenants in USA in the forum Overseas Deals https://www.propertyinvesting.com/topic/4402290-tenants-in-usa/#post-4638733 Fri, 31 Dec 2010 02:48:28 +0000 Hi, In answer to your question of why a tenant can afford to buy it when a mortgage holder cannot I think it comes down to as you say the lower cost, it also is a fact that many erstwhile homeowners can afford to pay the rent but cannot afford the other aspects of home ownership such as Tax, Association dues, maintenance, insurance which in the US…[Read more]

]]> 706a35beb89ef884eb401edbba2b2af1 spyglassltd replied to the topic assistance applying for EIN pls? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4402295-assistance-applying-for-ein-pls/#post-4638762 Fri, 31 Dec 2010 02:35:05 +0000 Hi, It depends on the type of entity you are getting the EIN for. Shoot me a quick email and I should be able to help,mark@spyglass.co.uk

]]> db0cc820945cbf1a029d8b540f5935b5 spyglassltd replied to the topic Where is the soundest state/county to invest in America? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4398035-where-is-the-soundest-statecounty-to-invest-in-america/page/3/#post-4612745 Fri, 31 Dec 2010 02:26:49 +0000 We invest in several different areas of the US for clients. Personally I like investing in Florida because ive lived there for five years and traded hundreds of houses and know it really well, and believe in its medium term fundamentals. We also buy in places like Indianapolis for clients but this is to execute a specific strategy which works best…[Read more]

]]> 71fc659f76453f3728436eb26a72e559 spyglassltd replied to the topic US property and debts in the forum Overseas Deals https://www.propertyinvesting.com/topic/4402293-us-property-and-debts/#post-4638756 Fri, 31 Dec 2010 02:10:35 +0000 Hi Jason,There are lots of different levels of debts and liens and some can survive the sale of the property eg tax liens and others cannot eg secondary mortgages and workman liens. This is part of the foreclosure process to work out the varying levels of seniority of debt and who will receive money from the closing table.That being said a hard…[Read more]

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