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  1. K

    USA investment properties for an Aussie

    Here is a great article which explains why Atlanta is one of the most undervalued markets in the US. A few lines from the article "As alluded to above, the biggest divide between rents and prices, both over the last year and the last three years, has been in Atlanta. It was a city that...
  2. K

    USA investment properties for an Aussie

    This one has just gone under contract with a list price of 98,600k http://www.homepath.com/listing?listingid=40235472
  3. K

    USA investment properties for an Aussie

    MTR, Here is the long overdue market update. The market has strengthened substantially since 2011. Prices are rising and there are multiple bids on just about every good property. Fortunatly we are still securing some very good homes at great prices due to the relationships we have built over...
  4. K

    USA investment properties for an Aussie

    Wells Fargo was previously setting up accounts through attorneys however this has now changed. This is their process. A non-U.S. citizen without a taxpayer identification number may not open or be added to a deposit account, IRA/ESA plan, Express Send agreement, or safe deposit box as an owner...
  5. K

    USA investment properties for an Aussie

    Cjay, thats a difficult question to answer it depends.....it depends on the currency fluctuation, the capital growth achieved, how well you bought to start with, the complexity of your structure and how well the property was managed. Yes we use LLC's Lets look at an example. Address - 1945...
  6. K

    USA investment properties for an Aussie

    Flipping properties can be very profitable. There is more than one way to make money in the US market. Here is a property I am in the process of flipping in Atlanta. 2540 Willow Grove Acworth Zillow Link...
  7. K

    USA investment properties for an Aussie

    Interesting article on flipping in Kansas. There are many ways to make money in the US market. It truly is a great market for those that seek out opportunities. I think flipping is probably the way to go with these C class type properties (lower end, can only assume rougher neighbourhoods...
  8. K

    USA investment properties for an Aussie

    Colddinner, The Atlanta market has certainly become more competitive. We have hedge funds, investors (both local and international) and home owners competing for properties. Home owners get first pick of many of the good deals as some of the banks have a first look bidding period that is...
  9. K

    USA investment properties for an Aussie

    Thought I might add although I like multi family not all multi family is good. Anything can look good on paper however the property needs to be in a reasonable area. I was dealing with an investor who called me as he had just got a property under contract (not through us), a triplex for 70k...
  10. K

    USA investment properties for an Aussie

    Oscar, I bought a block of 4 townhouses in a row last year. It was a higher risk purchase and not one I could offer to my investors as the bank did not allow for any inspections or contingencies however it was a risk I was prepared to take myself. It was also occupied. We did not know anything...
  11. K

    USA investment properties for an Aussie

    Yields after county taxes, insurance, property management and HOA are around 10% in Atlanta currently. 2011 saw the best bargains with ridiculously low prices and yields of up to 15% available on some very well selected properties. Prices however are still very low compared to Pre GFC...
  12. K

    USA investment properties for an Aussie

    yes I believe expenses related to utilities, strata (known as HOA in the states), property management fees etc would be tax deductable against rental income in the USA. Please seek advise from a taxation professional. The information above may not be applicable to your personal situation. No...
  13. K

    USA investment properties for an Aussie

    V77O, Regarding your comment on being exempt from tax here, I would like to clarify as I understand it as I do not believe you are exempt from paying taxes here. I am not an accountant or financial adviser so please seek legal and taxation advise from professionals for your situation. This is...
  14. K

    USA investment properties for an Aussie

    Lynchy, I had considered apartment complexes early on when I was looking at investing in the US. They certainly look like an attractive proposition. I then decided that if I was going to invest abroad I needed to get my toes wet first and not dive in head first into a big investment so I...
  15. K

    USA investment properties for an Aussie

    Lynchy, Just one more point you made "You could get a similar return from a bank while being much safer." To me the attraction of buying US housing is not just in the cashflow, I think being able to buy newer constructed homes for 1/3 rd of the cost to build them has huge upside for...
  16. K

    USA investment properties for an Aussie

    Lynchy, I think $10,000 every 2 years would be overkill. The reason we spend around 10k on renovations upfront is because many of the homes are foreclosures, have no carpets, need paint, have no blinds, are missing kitchen appliances and there are usually some repairs that need to be done...
  17. K

    USA investment properties for an Aussie

    DEC, I really believe it depends on what you buy. There is a lot of rubbish out there that will sit vacant forever and alter the statistics. Well presented homes in nice subdivisions rent well. We have had good success with all our rentals so far. In fact they have been renting faster than...
  18. K

    USA investment properties for an Aussie

    In most cases where the preferred method of investing in the USA property market is through the establishment of a Limited Liability Company (LLC), the member (s) (owners) of the LLC would have to lodge tax returns with the IRS in the USA and the IRS would tax any profits made. This would be the...
  19. K

    USA investment properties for an Aussie

    TWH, Let me assure you that we operate legally and sought legal advise from both USA attorneys and migration lawyers on how to set up our business model and are following that advise. We are very transparent with our clients. Also I don´t feel a public forum is the place to discuss our...
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