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I don't know why, but my spidey sense is tingling. Even professionals in US are having trouble borrowing money.

No. These properties are in Australia. But the 50% Rule http://www.123flip.com/education/the-50-rule seems to be borne out in practice.

From looking what's deposited in my bank account after the property manager deduct outgoings. :(

Is that net of expenses or gross yield? I'm told that about 50% goes in expenses, so does this make the return around 6% with no leverage?

Please be careful, especially if you have to cough up upfront fees. I don't know these people, so just as a precaution, talk to people who actually got money from them.

Rent Estimation Incidentally, Zillow has now launched a Rental estimation site/tool. http://www.zillow.com/blog/zillow-launches-rent-zestimates/2011/03/09/

Thanks Emma for keeping this thread alive. I've a general question. Are properties usually listed exclusively to an agent or is multilisting more common? For instance, are the listings that we get from Yolanda her listings or is this a general list of all available properties? What is...

Thanks. Maybe firpta.com is a bit sensationalist. LOL. PC gone crazy. On an unrelated note - Did you see news where Pauline Hanson just came to the realization that there are more Muslims in UK than over here? David - you are right. Though care must be taken that the election is...

Lawsjs, I'm sorry but that's not what the US tax lawyer wrote. Ref: http://www.firpta.com/how-rental-income-is-taxed

Paul Hudgens on Firpta.com claims that you can make an election to get a different tax treatment. Otherwise, the 30% gross is the default. The IRS has a lot of penalties and rather severe ones. You don't want to assume anything. Furthermore, we have to be mindful that Emma's US residency status...

Avoiding Mobile Homes Emma and Long88, I want to express my utter gratitude to the two of you for raising this topic. I don't know how many mobile homes that I've come across, and I thought they had attractive yields. If any of the readers want to know what these look like...

Bevk, The lawyer who wrote firpta.com said to email him questions. The site is pretty comprehensive as it is. You can also watch a free 1 hour talk here: http://webcast.educationfoundation.org/p19582309/ Update: If you are busy, just jump to Slide 11 Chui

I'm not involved yet, but double taxation agreements with Australia means you won't have to pay tax twice. lawsjs, How quickly must the documents be signed?

So, how many days do I have from the time a buy offer is accepted by the vendor until me having to physically sign the document on US motherland? The decision is in the hands of the county recorder's office right? Is that why your sister could do this in LV, while you have difficulty doing the...

Woohoo, there are a couple in my town. No need to run a day trip to Sydney. http://canberra.usembassy.gov/queensland_notaries.html

That would probably constitute gifting. No go (because of gift tax).

If you bring 500k to the US, bought Real Estate in your name and suddenly died, you have just given at least 120k to the US government. Not worth it.

Surely there is such thing as Power of Attorney do act on our behalf?

For certifying documents? Would I need it when x Buying? x Selling ? x Borrowing ? x Renting ?

I'm sorry, why and when is a notary required?