debralawson wrote:
Ph last was that who you used? Do you know them and can I trust them from here? I like to get the full story its all so exciting though…

Yes and yes – you’ll still have to apply through the embassy in Oz though…

sundirtwater wrote:

triptizehd wrote:
I suppose for us the appeal is the opportunities, the relatively low cost of living, tons of cultural diversity, and a sense of adventure.. So far I haven't regretted making the move.

Hi Tripti,I'm from the Sunshine Coast as well and would love to hear your Miami ad(Vice) as well as you go along – how…[Read more]

debralawson wrote:

mihovi wrote:
Hi Deb,    I lived in the US (on a H1-B visa, which means legally) between 2000-2006; in New York 1/2 year, Virginia and New Jersey for another 1/2 year each and moved in Indianapolis (Indiana) which is Mid-west for another 5 years (My brother still lives there since 1991). Due to the pretty rough im…[Read more]

Hahahahaha OMG

Yes exactly, that’s why I said the program “can mitigate some of the risks” associated with those tenants – I couldn’t agree more with your take on the scene in the ‘hood’ and beyond..

Because it seems that you are an entrepreneur it should not be difficult to fit the E2 criteria (bear in mind *I’m not a lawyer*, just familiar with the requirements).

Regarding JLH’s comments on having to be armed to collect rent in certain areas, this is so true, and such a culture shock for Aussies, most of us have heard about this story:…[Read more]

I lived in Noosa and moved to Miami Beach so yeah it’s crazy and colourful, and I love every minute of it. It’s not a typical US lifestyle though by any means, they say Miami is ‘very close’ to the US, and many call it the capital of Latin America. So not sure how relevant this will be to the experience you may have in NY..

Debra check out the E2 visa – http://travel.state.gov/visa/temp/types/types_1273.html there is less investment required (about 100k), compared to the EB 5. People ask us the same question all the time – why would you want to leave Australia.. I suppose for us the appeal is the opportunities, the relatively low cost of living, tons of cultural…[Read more]

Oh yes, true..!

“The US is a dog-eat-dog country. So if you’re a poodle that’s been pampered in a cushy and stable job all your life, don’t be so stupid as to cash in your pension to try to run with the wolves.” Hahaha love it. Very true.

It is possible that he fits under the ‘wholesaler’ category.

Below is an interesting post on the difference between real estate agents / brokers, versus real estate wholesalers, and the respective implications regarding Florida…[Read more]

mihovi wrote:
As Miami is one of the nicest areas on the Eastern coast it is recognized as being one of the worse rental investment solutions in the US. With very high rental vacancy, lots and lots of prospective investors are turning away from wasting their money in Miami.Personally, I have friends who invested in Miami's high risers and…[Read more]

Kimberly wrote:
Anyone else currently in Miami investing? About to head over in 2 weeks' time.

I’m always keen to network with fellow investors, so I’m putting my hand up! 2 heads are better than one.

By the way this forum is great for unbiased, real info on all things Miami: http://forums.miamibeach411.com/forum.php

“An Australian Citigroup subsidiary, Citibank, has now started to facilitate loan transactions for Australians looking to purchase US property.” http://www.abc.net.au/pm/content/2012/s3480532.htm. This appears to be a new initiative. Perhaps contact Citigroup to see if they are planning to expand their services in the near future to include India,…[Read more]

…and I would agree with your observations about Miami bureaucratic matters..

Thanks for the update Steve! I’ve been following your updates religiously since 2010 and it’s great to hear you’ve settled here and are still investing.

Got it. Very shady indeed.

The thing is if you don’t put your property in your LLC’s name then the tenant can sue you, so this is a must for asset protection. The bad guys sell duds that they know quite well are in ghetto areas, at an inflated price

Or are you saying they sold their LLC’s with the assets being the “income-producing” properties?

lawsjs wrote:
Along with Speedy I would be very interested to know if Andrew Allen is legally able to work in the US. He is basing himself there, surely he has a green card or residency to allow this.

What qualifications does he hold to sell RE or securities there or, for that matter in Aus?

Additionally – who taxes the income from the money…[Read more]

speedy gonzales wrote:
According to the article in "The Standard"………http://www.standard.net.au/news/local/news/general/former-southwest-man-denies-shonky-us-housing-deals/2534442.aspx?storypage=1The MyUSA Property website features the following disclaimer (although I couldn't check as the site has come down): “There are a number of f…[Read more]