Does anyone know about accessing money for VERY positive cashflow properties outside of Australia say in the US or Africa?
Suggest you approach HSBC about that… they are a global bank….. worth a try…..
Cheers
Scott
In general,
unless you have sufficient assets [security] in Australia to finance an offshore property via an Australian lender – subject to foreign regulatory approval and filing requirements;
are a permanent resident of the country of interest with sufficient assets [security] in that country;
or have a registered corporate entity with sufficient assets [security] in the country of interest,
it can be very difficult acquiring property in a foreign country.
The fact that the properties offer “VERY positive cashflow” is of little or no benefit.
— Michael
Being a dual citizen helps
Even as a “dual citizen” it is likely the factors I have highlighted will come into play – unless you permanently reside in the country where the property is being acquired.
— Michael
Hey GI,
My mother sells Aussie and South Afican investment properties and she knows all the details of how it all works. If you want I can send you her contact details, she might be able to shed a bit more light on the subject.
Cheers
Henry
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