House flipping.renoe'ing in the States, what taxes do the pay?

Discussion in 'Innovative Property Investment Techniques' started by random, 16th Jul, 2017.

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  1. Sackie

    Sackie Well-Known Member

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    Not a huge fan of the color choices on this one if I'm being honest. ..

    Like the square double bowl sink though :)
     
    Sackie, 8th Aug, 2017
    #21
  2. MTR

    MTR Well-Known Member

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    I get it totally.

    However we are pleasing the US market, they absolutely love the feature walls etc. At the end of the day we design/build/decorate USA style. Actually the colours in the photos in fact look much darker than actual, not sure why.

    However, in Australia it would be considered dated and too heavy. I have a period home but I am into whites on whites, this is what we like in Australia, at least I think so

    In US they are a big fan of dark wood, bold/rich colours, its a totally different beast, if we went with the Australian model it would probably be considered lacklustre and insipid ??

    Success of this project will come back to the profit we make

    Will keep you posted on the numbers in another thread.

    MTR:)
     
    Last edited: 8th Aug, 2017
    MTR, 8th Aug, 2017
    #22
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  3. Sackie

    Sackie Well-Known Member

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    That's all that counts. :cool:
     
    Sackie, 8th Aug, 2017
    #23
  4. MTR

    MTR Well-Known Member

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    That's right, show me the money.

    We expect this property to fly out the door, fingers crossed
     
    MTR, 8th Aug, 2017
    #24
  5. Sackie

    Sackie Well-Known Member

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    Good luck Marisa, I'm sure the hard work will pay off.
     
    Sackie, 8th Aug, 2017
    #25
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  6. MTR

    MTR Well-Known Member

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    Thanks, Its starting to pay off in particular the larger projects.

    The challenge is securing properties, and what price you pay today, you cant buy tomorrow.

    I personally purchased a $53K home, a little cheapie, renting at $925 per month

    clean up/minor reno, its now worth around $100K (Comparable sales), I settled on this one in April 2017.

    Its called the Atlanta Beltline Boom. Gentrification is at twice the pace of US property market in general.
     
    MTR, 8th Aug, 2017
    #26
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  7. Sackie

    Sackie Well-Known Member

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    Very nice going, what a ripper for yield.
     
    Sackie, 8th Aug, 2017
    #27
  8. MTR

    MTR Well-Known Member

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    Anything that is a buy and hold in US has to be cash flow positive from day 1. Still possible in US, but you would need to be on the ground for this
     
    MTR, 8th Aug, 2017
    #28
  9. Sackie

    Sackie Well-Known Member

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    Yeah being on the ground in any market has massive advantages, especially in one so different from our own. We have real estate in the Asian markets and it would be impossible to get the right/good deals if we didn't leave Oz and be there in person to get the deals.

    NYC property intrigues me, love the high end real estate/style they have there. Very inspiring :)
     
    Sackie, 8th Aug, 2017
    #29
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