Search results

:eek::D I haven't even tackled the capital gains / exchange issues yet. Does a foreigner even qualify for a 1031 exchange? On a first read, the capital gains tax rates applied seem to be lower but then I think you still need to overlay the dividend tax. Not absolutely sure. Shortly, I will be...

Having looked at a number of US properties the ball line expenses including the property tax still seems to be about a third 33% of gross earnings. What I am still investigating is the tax you will be liable for from owning US based property. It seems that it is actually tax advantages that you...

To Add to Emma's post here is a link to a directory on the US based forum listing various money lenders amongst other things. http://www.biggerpockets.com/companies/category/hard-money Cheers

Hi Emma You don't even need to dry them as you can put them back wet and the a/c will dry them very quickly and even give a bit of humidity into the air. This is what I used to do with some industrial size a/c's and it hasn't seem to have harmed them. Cheers PS the other option with the size...

I can answer - most if not all the properties are multi listed. If you use Redfin then at the top of the listing it indicates 'MLS' as per this http://www.redfin.com/NV/Las-Vegas/5875-Rainbow-Bridge-Dr-89142/home/28979792 I use Redfin as well as Zillow as it seems to be the only way (so...

Maybe something like this http://www.redfin.com/NV/Las-Vegas/1771-Blue-Ribbon-Dr-89142/home/28964661 Substantially larger at 2095 sqf but still at $57 psf overpriced. Might reflect a slightly more expensive area, as 1700 sqf properties have sold in this area for just over $100k. Don't...

Hi Reeco You can also see from the $ per sq foot price. In general the price for a REO house is about the $39-45 psf and this is certainly the price I am aiming for (or less:o:D) In you example the original price was $47 psf (23/7) the final price was $72 psf:eek: (29/12) Cheers

One further issue that I have and I can't see a way around, until such time that a US based financing deal can be done, is the exchange rate exposure. Once you can refinance, even if you need to leave 30% in the deal, then you would have a very good cash flow investment. Cheers

The 'strategic default' as you term it has been happening right along. Here is a link for a US forum where they are talking about exactly that going right back to the start of 2010. http://www.city-data.com/forum/florida/984575-if-you-walk-away-your-mortgage.html No doubt it has been...

One aspect that is relevant to anyone servicing debt in AUS to finance purchases in US is that there appears to be a 10% withholding tax on any interest payment made to foreign loans. The main point (as I remember) is that it applies if its between related parties. This would be the case where...

A timely post as am just struggling to come to terms with possible structure and tax consequences. Has anybody progressed further or have their note from the Boholt seminar as she did cover a fair chunk on taxation? Cheers PS there are a raft of articles on this site that are worthwhile to...

Hi Costa Just wondering whether all your figures are in yet? Very curious to know all the costs associated with your purchase as I think this will lead to a couple of further questions. I am still trying to get my head around the whole purchase process. Waiting with anticipation;) Cheers

I would just like to add my thanks to Emma for a great effort and so many contributions in a very short time (100+ posts in under 2 months) and just being a great person.:cool: Congrats on your purchase Costa - I look forward to more info for the Baffy property. We are going to have a look in...