Cash flow Positive - Single Family Residence - Atlanta US

Discussion in 'Investor Stories & Showcase' started by 380, 2nd Mar, 2017.

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  1. MoneyMan

    MoneyMan Well-Known Member

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    Nice, is transferring the money outside the US to AU bank account simple? What are the requirements if someone from AUS wanted to pay cash for a property and rent it?

    Edit: Do you guys look for certain types like condos? eg: 1195 Milton Ter SE APT 4309, Atlanta, GA 30315 | Zillow
     
    Last edited: 9th May, 2017
    MoneyMan, 9th May, 2017
    #21
  2. jaybean

    jaybean Well-Known Member

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    How are you moving to the US? What's the visa type? I'd like to move over too after having lived there before but not sure what type of visa to go on.
     
    jaybean, 9th May, 2017
    #22
  3. JohnPropChat

    JohnPropChat Well-Known Member

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    Assuming you want to move there to work then a E3 visa is straightforward. Otherwise have to get a H1 work visa, which means have to compete with the every tom dick and harry for the visa lottery.

    Apply for a U.S. Visa | Work Visa - Australia (English)
     
    JohnPropChat, 9th May, 2017
    #23
  4. hash_investor

    hash_investor Well-Known Member

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    Anything that does not tie you up with an employer?
     
    hash_investor, 9th May, 2017
    #24
  5. JohnPropChat

    JohnPropChat Well-Known Member

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    Forex transfers are super easy but best if you have a US bank account for operational purposes even if the real estate agent will accept a wire transfer from here. Can also use a lawyer for escrow but best to have your own account.

    Look at E1 and E2 visas. Have to setup a business though. Or find your dream-girl/boy in the US :p

    Or if you are accomplished in your field then the O1 visa
     
    JohnPropChat, 9th May, 2017
    #25
  6. 380

    380 Well-Known Member

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    Set up an account in Australia, check their website
    OFX | International Money Transfers & Currency Exchange or xe trade

    You will need to set up a US Bank Account and they will need to identify you personally.
     
    380, 13th May, 2017
    #26
  7. 380

    380 Well-Known Member

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    OK guys, a property around the corner just sold for $270,000, pretty much went under offer straight away.

    Has had a simple makeover, polished boards, paint job. Our client has made some nice profit here, in 3-4 months.

    I don't believe they plan to sell as the prices continue to rise, sit back and watch it grow and collect the rent
     
    380, 24th May, 2017
    #27
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