All Topics / Overseas Deals / My USA Property

Viewing 20 posts - 21 through 40 (of 168 total)
  • Profile photo of RickHRickH
    Member
    @rickh
    Join Date: 2007
    Post Count: 137

    Hi Brennan,

    The accountants we are going through are McHenry Partners Melbourne/Geelong Victoria.
    I live in Geelong area so I were happy to see them accosiated with My USA Properties as I know this company and they
    are well respected in this area.
    I have received follow up email with the paperwork needed to open LLC or an Australian Ply Ltd company and family trust.
    LLC will be my choise i think

    Profile photo of ScratchScratch
    Member
    @scratch
    Join Date: 2010
    Post Count: 81

    Great Article in this months API on USA investing, quite a comprehensive read as far as first information goes. Definitely gives you enough to entice you to consider the US as an investment option should you choose to do all the proper research.

    Worth a read!!

    Profile photo of RickHRickH
    Member
    @rickh
    Join Date: 2007
    Post Count: 137

    All looking good for us now. Barring any problems with bank here we will be owners of 3 houses in Kansas City Missouri.
    All rehabbed and ready to be leased (1 is already under section 8 lease, the other 2 are vacant i believe).
    Exciting times. If all goes well will look at another 3 in about 12 mths time

    Profile photo of WynyardWynyard
    Member
    @wynyard
    Join Date: 2010
    Post Count: 62

    Which bank? I couldn't find any to finance OS property.

    chenkai1980
    Participant
    @chenkai1980
    Join Date: 2010
    Post Count: 1
    Wynyard wrote:
    Which bank? I couldn't find any to finance OS property.

    I think you can apply for line of credit.
    chees!

    Profile photo of djjkdjjk
    Participant
    @djjk
    Join Date: 2010
    Post Count: 87

    Done a bit of research on myusaproperty now and the business seems sound. My only question is around the 5k in fees required to deal with them (once a property is sourced). This just seems quiet high – especially when you consider prop prices of 50-70k.

    Anyone have any thoughts on this?

    Profile photo of Nigel KibelNigel Kibel
    Participant
    @nigel-kibel
    Join Date: 2005
    Post Count: 1,425

    At our company we run a mentoring program. Once you join you do not pay any extra costs to buy in the United States. However if you think $5000 is a lot of money i suggest you go over understand the market yourself and see the cost. I suspect even if you could do that how long would it take you to develop the contacts.

    Nigel Kibel | Property Know How
    http://propertyknowhow.com.au
    Email Me | Phone Me

    We have just launched a new website join our membership today

    Profile photo of djjkdjjk
    Participant
    @djjk
    Join Date: 2010
    Post Count: 87

    Thanks Nigel – I actually went over for a few weeks prior to my first acquisition.

    I’m just questioning paying 5k for the conpletion of a few admin tasks ‘list of contacts? Not a critisicm, just asking as perhaps there’s something I’m missing?!

    Cheers

    Profile photo of WynyardWynyard
    Member
    @wynyard
    Join Date: 2010
    Post Count: 62
    chenkai1980 wrote:
    Wynyard wrote:
    Which bank? I couldn't find any to finance OS property.

    I think you can apply for line of credit. chees!

    Not sure what this means. Could you elaborate a little?

    Profile photo of British BuyerBritish Buyer
    Participant
    @british-buyer
    Join Date: 2010
    Post Count: 149

    I'm currently trying my luck to get pre-approved for an HSBC loan before going to Miami at the end of this month.

    I'll be posting the result of this application, whether positive or negative, on this forum.

    Best of luck to other investors interested in the US
    Steve

    Profile photo of RickHRickH
    Member
    @rickh
    Join Date: 2007
    Post Count: 137

    I  used home equity via line of credit which has been approved.
    Just getting US finances sorted LLC established and bank accounts set up

    Profile photo of RickHRickH
    Member
    @rickh
    Join Date: 2007
    Post Count: 137

    Well, nearly at the end of the tunnel now.
    We have returned contracts on 2 properties and in the processing or reading and signing off the third.
    Once done just a matter of settlement taking place and we are all set.
    No real dramas during the process and any minor issues have been attended to quickly and professionally.

    Profile photo of hiravhirav
    Participant
    @hirav
    Join Date: 2010
    Post Count: 18

    Hi Guys,

    As you all know I am very new in forum as well as in investment field.I have requested assistance to My USA property for 3 days before ,I have keyed in all the information they needed to get back to me re my investment but no phone calls or follow up emails so far.

    Not sure if any one else has same problem.

    Cheers

    Profile photo of RickHRickH
    Member
    @rickh
    Join Date: 2007
    Post Count: 137

    contact  Tony at [email protected]
    He will organise a free disussion with you outlining things before you make any
    commitments.
    Let him know Rick gave you his email

    Profile photo of roxy3roxy3
    Member
    @roxy3
    Join Date: 2010
    Post Count: 2

    Hi speedy gonzales

    My property purchase throught myusaproperty was an absolute disaster.  One of the properties was supposed to have four tenants, but by the time I bought it, there was only one.  It was completely run down.  I was told that there was no rehab/renovations that needed to be done, but it was a total wreck.  There was absolutely no due diligence done on it, even though I was told there was. I pulled out of the other one, as it was worse than the other.  There were absolutely no inspections done on these houses, they were a total disgrace.  I have since bought several houses up north, near New York and couldn't be happier.  I can give you details on how to buy safely, if you want – just contact me.  You can't get finance for homes in the U.S.  It would be better for you to get a loan here, and wire the money over to the U.S.  Houses can start for as little as $5,000 upwards, and they are pretty good.  I've just bought one for $5,000 and all it needs is a roof.  It is also tenanted.  There are so many houses for sale – so cheap – it's unbelievable but true.

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024

    Sorry but this is clearly incorrect.

    You can't get finance for homes in the U.S.

    You can but you just need to know where to look.

    Cheers

    Yours in Finance

    Richard Taylor | Mortgage Broker helping investors build their wealth thru property
    http://www.mortgagecapitalaustralia.com.au
    Email Me

    100% Investment Finance now available on selected properties. Email us for further information.

    Profile photo of kotiakotia
    Participant
    @kotia
    Join Date: 2010
    Post Count: 1

    Hi, roxy3, i want to know how to buy, would you please contact me: [email protected], 0410 705447, thank you.

    Profile photo of myusapropertymyusaproperty
    Member
    @myusaproperty
    Join Date: 2010
    Post Count: 2

    Hello All,

    I thought I would jump on and say a few comments as there seems to be plenty said about my business. Firstly I always appreciate feedback on the business good or bad. I am currently in the US setting up our full time office in Orlando Florida which is where our Customer Service team will be based to assist all of our clients with after purchase questions. If anyone has an issue with my business my direct email is [email protected]. Send me your emails with concerns and issues you have. I am very easy to approach and I would be more than happy to answer anything you need.

    For the people that had a bad experience call me directly. I would love to have a chat.

    Kind & Warm Regards, 

    Andrew Allan
    CEO
    My USA Property 

    Profile photo of investininvestin
    Participant
    @investin
    Join Date: 2009
    Post Count: 12
    RickH wrote:
    contact  Tony at [email protected]
    He will organise a free disussion with you outlining things before you make any
    commitments.
    Let him know Rick gave you his email

    Hi RickH,

    I have been following your posts along with others on PI forums. I too am based in Geelong however work away in North West WA… I have been following the U.S property market and doing some research for the past  7 months now. I was in the U.S in March as part of this.

    One of my main challenges recently has been getting clear advice / direction on finance. Furthermore, understanding and structuring investments from a tax perspective… I noticed you have engaged McHenry Partners who I know are a trusted firm in Geelong region… I have referred to their website and see they are promoting their capability statement for U.S/Australian tax accounting.

    Just wanted to contact you for a general chat, see how it's all going and your thoughts on MyUSAProperty.com.au and McHenry Partners.

    Feel free to contact me at [email protected]

    Regards,

    Profile photo of dreamndreamn
    Member
    @dreamn
    Join Date: 2010
    Post Count: 2

    Hi Guys,

    New fella here. I found this site after researching MyUSAproperty.

    I've registered with them and just spoke to LoansUSA about the finance side of things. They offered american finance fixed for 30 years at 9.75% which is very high compared to their normal rates. This is apparently because I am not a resident. Did anyone else get a better deal from them with US finance?

    Cheers

Viewing 20 posts - 21 through 40 (of 168 total)

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