You might also like to contact Julia Kingston. She's an Aussie based in Reno, NV specialising in international tax. [email protected]
Happy new year! I concur, it's business as usual. The US is still my main focus.
In the Midwest, some of these deals are around.
In short, no, I do not foresee any issues. There are still many high yield deals around. I personally do not invest for capital growth.
Some investors use an umbrella insurance policy in lieu of owning the property in a LLC. This seems to be more common with single family homes.
What strategy are you focused on right now?
One perk would be tax related. You likely have a SSN and file a 1040 each year. So you would be used to the tax implications etc. Another could...
I was a bit late to the party and didn't invest when the AUD was at parity. But, all it can take is an initial investment then it's all USD from...
In short, it's all about building a strong team on the ground. Then the experience can be similar to interstate investing.
The rates vary will vary. Some potential interest free options could be family and friends. To establish credit, some people will get utilities...
Property insurance is typically from the same country .
While cash is always best, AU banks may lend for your US investment. You will need to borrow against Aussie property or get unsecured lending.
What about an umbrella insurance policy?
Yes, there is a treaty. Generally US taxes are lower so an investor may need to pay the difference in Australia. Any US taxes paid are recognised...
Depending on the strategy, a LLC may not be necessary. The IRS has recently added an extra hoop for foreigners to jump through: form 5472. The...
Some investors prefer multi family properties as it's only 1 roof to fix and 1 vacant dwelling doesn't always mean no income. The 1031 exchange...
Anyone who is not already a member should join and attend the annual meet up. There is such thing as a free lunch!
The rent you receive. Do you reinvest in more deals or something else? Some investors like to fund flips rather than have the cash sitting in the...
How do you make your ROI work for you? Reinvest in more deals etc
@C-mac great write up, thanks for sharing! With regards to the tax treaty, can you please clarify when you say the ATO will pay out the IRS? It...
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