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Investing in the US

Discussion in 'General Property Chat' started by Ozzie in Texas, 6th Nov, 2015.

  1. Ozzie in Texas

    Ozzie in Texas Well-Known Member

    Joined:
    3rd Nov, 2015
    Posts:
    497
    Location:
    San Antonio, TX
  2. wogitalia

    wogitalia Well-Known Member

    Joined:
    28th Oct, 2015
    Posts:
    871
    Location:
    Perth
    I've always wondered and never been able to find out so maybe you know... but does it make any difference for a US citizen living abroad when it comes to borrowing from the US? It's a market I'm tempted by often.
     
  3. Ozzie in Texas

    Ozzie in Texas Well-Known Member

    Joined:
    3rd Nov, 2015
    Posts:
    497
    Location:
    San Antonio, TX
    Like you, I'm both an Australian citizen and "wogitalia" myself. Your name is too funny.

    Financing was easier while living in Australia. Now that I'm a US resident, I am subject to local banking conditions. It's like starting over again - with no credit history......and having to do silly things like taking out secured credit/debt cards to build up credit.

    As an Australian, the logic behind them is beyond me. Just mind blowing. The card is secured/backed up with my own money and I am charged regular credit card fees to use it and have to keep the minimum balance under 30% or it adversely affects my credit......but I'm using my own money.

    I need to continue doing this for at least another year to have fair credit.
     
    wogitalia likes this.