All Forum Posts by: Jordan Sinclair

Hey all,

I am brand new to the community, so nice to meet you all.

I am currently living in Australia with my partner, and bought our first house here a few months back. The property is for capital growth, but it seems that the cash-flow properties in the US are many factors more lucrative than down under. I have not quite decided where I will be living in retirement, but it can't hurt to have some US income as the dollar is usually strong. What is slowing me down is living far away, and the fear of not seeing what is going on there when selecting and managing an investment property. I have read the BP book on long distance real estate investing, and I even contemplated buying my first house in a different state, but we ended up buying a primary place of residence here.

It would be great to talk to some people who also live abroad and hear how they got started, where to start (choosing a state while avoiding state taxes, what resources to use, if they visit the area they are investing in first, etc.). Is there a group for expats?

I have a few question to anyone buying US Real Estate from outside the US

1) who are you getting to source the property?

2) Who are you getting to close on the investment 

3) What about the property management.  I hear that is the hardest part.

4) How successful have you been?

5) Financing? How hard is it to get for a non US citizen.

I want to invest in multifamily, without going into a syndication.  I'm looking for something from 4 to 8 doors.

Thank you 

Rita

Thanks Mate 

To be honest !   I have wanted to do this since 2008 and I am really looking forward to finally doing it Soon.

I’m looking at a few options on  how I can take finances there.

At today’s rate - 151k Aus = 100k US approximately...ouch ! 

My budget for property is up to 50k US  or 75k AUS 

Line of credit with my Aust bank and access through my ATM card or online banking then wire transfer ?

Transfer Aus funds into a Travel card and exchange to US dollars that I can draw down at an ATM ?

open a US dollar account with our Phil Bank and transfer some of our Phil peso saving into US dollars and then  draw down from an ATM when we are in the states  ?

Buy US dollars and bring in 10k cash each =$20k ?

I may also to look at transferring funds into my sons account in Aust and have him wire me the money via western Union etc 

I should probably also look at how I can open a Bank account in the US  ?

Hi Real Estate Gurus

Anyone here from Australia or know much about real estate in Australia ?

Really Keen to learn more !

Hi Adam,

I know this thread is old but I’m wondering if you managed to connect with any other Australian investors/landlords? I’m looking for networking and advice about property managing mainly, but have been reading the Brandon and Heather Turner book on managing rental properties.

I’m a complete newby to property managing, having owned an investment property in Wollongong for 2 years having it managed by a real estate, but I’m hoping to do it myself from here on.

If you happen to know of any networking sites which you’ve found useful please let me know if you are able.

@Jordan , Will you be able to help me to get started? Also, let me know the regions in the midwest states?

My name is Prem from Sydney, Australia. I am looking for a breakthrough to invest in the residential market for positive cashflow. How do I get started? Can I set up the LLC and apply for an EIN number remotely?

How much money need to invest is required for $500/month cashflow? What are the regions in the US that have greater cash flow and a secure market?

Please advise.

Question, what is a good platform to begin searching for properties.

Tried Red Fin ...what are some othe the others  you guys would recommend ?

My sister in-law is from the Somerville area of NJ, so might start my search from there and expanding it as I go.