New member Introduction

[Lindsay Stewart]

Hi all and G'Day!

My name is Lindsay Stewart, a real estate investor from Melbourne Australia, but currently focused predominately on property in the US.  Specifically working in Detroit MI and Pensacola FL at the moment.  We have an investment company, looking for wholesaling deals, buy & hold, and flipping.  

Noticing some fantastic information about on the site, loving poking around and reading all the posts :)

The Australian market is so very different at the moment from the US market, not that there is no deals here, but much harder to find it seems.  We have been investing in real Estate in Australia since the end of 2011 and only just in 2015 started looking abroad still learning the ins-and-outs of the markets in the US.

Cheers!

Lindsay

[Federico Gutierrez]

Are you going to be able to find deals in Detroit? Or that just going to be a money pit?

How are you planning on getting funding? Bringing your cash from Aus you'll lose 30% on the trade instantly so you need to account for that lose. Then check the double tax treaty between US and AUS, don't want to make either the IRS or the ATO angry by not giving them their share. Then again explain how you're moving massive amounts of cash to either party.

You've got  lot of obstacles in your way, Being an Aussie I'm here to assist but talk to attorneys and accountants first. Gain an understanding what you are jumping into tax and legal wise