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The US is my future investment patch. I'll never settle there, the separation would distress my parents (and me) too much, but I love the place and will be grateful to have every opportunity to visit it. When I travelled Europe in my youth, I often thought "This green, historical place is much...

See post 75 in this thread, bottom of page 5. Essentially we paid around $300k US for the properties we bought last year and the Govt reval puts the value at around $375k. 20% under market isn't too shabby, and I reckon the Government valuations are probably conservative.

A bit of an update, and some timely warnings. In a nutshell, my property manager was not professional. He's been sacked and replaced and it's cost me dearly. Error number 1: (PM's error) I was happy to take welfare clients and he put some in, but Uncle Sam was slow in approving and...

MASSIVE HUGE DISCLAIMER - I am neither an accountant nor a lawyer and I haven't gotten satisfactory advice on this yet. 1. My understanding is that a structure where a C-Corp is involved will normally incur full tax in the US which will not be recredited when you repatriate the funds no...

I applied for an ITIN directly with the IRS on the basis that I would be paying taxes (my LLC owned a property and I expected 1% of its net profits). I didn't actually have a bank account or property in my own name at the time.

Thanks for that, Paull123. I now have all the properties in an LLC structure, so Snyder might not want to know. However, for others holding properties and unable to finance, it may work (one question - do you know of anyone who has gotten, as opposed to being promised, funding by these...

But you know where I'm coming from, don't you, Jo? If you look at the last message I left in the linked thread in caveat emptor, I'm even stepping back from teaching people to fish in that particular stream until I'm reasonably sure that most can do it safely. Anyone with the ability to do...

This is going to sound mean, but it's meant for your own good. Do a websearch to find out who has a website. You'll need someone with internet savvy anyway. Then ask for their whole range of services. If you really can't find anyone in a week, let me know.

Yes. Just as you would if you lived in CA and bought in NY. It takes a particular kind of ..bravery.. to attempt to manage a property from over 100 miles away, never mind several thousand.

Further reports from Buffalo. I'm still pretty strapped for time, so instead of the whole long bit, I'll be providing edited highlights. For reasons that will become obvious, I'm not telling the whole tale :) . I had arranged to get a list of hot prospects of properties from my realtor...

Steve McKnight is reported (the Australian, 2/6/05, jpg of the article here ) as buying 30 homes in New York (there's a thread about it in the general forum). I was simply immodestly suggesting that he did this as a result of my post (which after all was cross posted to PI amongst other...

Obviously so did Steve McKnight! :D :D :D

I have said that CF is my only criterion. Not sure about CG, Vegas for instance has had huge increases but may be running out of steam (and water!)

More of a non-update, really Dear everyone, I'm still not fully back unfortunately. There are a huge number of issues to settle and matters have gotten kind of complicated. The market is hotting up in Buffalo - Australian accents were becoming more broadly recognised :D - and quite a few...

Sorry for the silence Dear all, I've been abroad for the last 2 months hence my silence and I'm busier than a 1 legged man in a bum kicking contest trying to tie down a couple of contracts at the moment. I promise I'll get back and answer questions shortly. Cheers, and it's nice to be back

Thanks for those kind words. I went for multiples because the returns were better and the prices not much different. I am currently in Buffalo. I'll be going though Chicago in a while, but unless I miss my guess, nice suburbs will have poorer cashflow. This is standard (and is the case in...

Actually my understanding is that Japan is not closed, the way Australia or Indonesia are. However, one of the major points about property is that leverage makes it work. And someone (Padosan, possibly) stated that Japanes banks will not lend to gaijin. Thus to invest it's a case of BYO...

Yes, I did check that issue. the US does not appear to have much in the way of restrictions, although if I was Afghani, Iranian or Syrian I might have reservations and check things out more carefully. It's not like Australia, where buying investment RE can be quite difficult for foreigners.

Li21 Please take the following post the right way. I sympathise with your desire to do what sounds exciting and profitable, but your very question shows me that for you it would be very much higher risk than it was for me. In answer to that question, no, it's dead easy to BUY property...

You are soooooo right, skater. I just hope the promoters that Li21 refers to have the sense to warn off newbies - it can be a short trot to a big loss of money otherwise.