All Forum Posts by: Jordan Sinclair

Hey Everyone,

My name is Leon. My fiance and I are currently based in Australia and exploring our options to get involved in USA Real estate.

Currently exploring some approaches and how we can get involved over in the USA. Look forward to learning a lot from everyone here at Bigger Pockets, and starting our path to success :D

Based in Sydney Australia currently, looking away from Aus as the value is not great over here. High prices, low rent. Still worth considering some options we have not thought of yet.

Look forward to interacting with you all

I have an agent that brought a Foreign Investor to our management firm. I am not familiar with the tax rules on this. She withheld 30% of his income, he is stating since he has a US bank account that we should not withhold and I can not find an accountant that knows anything about this. Can someone please give me guidance?  

@Gregor B.@Matthew Song Loong

Hello fellow investors

It was a learning experience to visit the states with the eyes of real estate investor. You need to do some research before leaving. However the reality can be different than you read on internet. States have differentes regulations which can lead to mismach information. The best investment I made was my trip. i learned a lot.

1. Networking: I am sure i am not telling any secret when i underline the value of networking. Many American investors have had email contact with counteless foreign investors via email but at some point of time these email led to nothing. So they are cautious with foreign investors. Emailing is nice but meeting other investors and talking to them is priceless. The old fashion way is the best according to me.

2.I had some challenges opening a bank account: the requirements for many banks was to have some kind of US ID as a primary identification plus your foreign passport

3. In Amsterdam and correct me if I am wrong, the real estate market is defined by neighbourhood. We have bad and good neighbourhoods. In many US cities good and bad is defined by blocks and streets. One street might be good and the street after that is bad and you don't wanna be there.

4. Be careful with the cheap houses see on trulia or zillow. Ask yourself why US investors are non buying these houses. Because you will not make no money (good property manager find these street or blocks too challenging, they don't want to go there and good tenants just don't want to live there too). As foreign investors we will need those property managers to run our houses. Boots on the ground are very important.

Any experience you guys might want to share???

@Dave O Shaughnessy

Hi Dave, welcome to BP.

Just one question. Is Aussie life all it’s cracked up to be? Lol. I’m thinking of emigrating from Ireland at some point in the future. Should I consider Australia?

Hi @Lance Luvaul, how did you get on in the end?

I managed to get a AMEX, this time in USA via Hilton Honors - No SSN nor ITIN required.
Nor did I have to transfer from another AMEX.

For the record, that's three current AMEX in three different countries now.

Just wanted to add this for others reading - it also  came with massive sign up rewards too since I signed up under a friends link, I think it was 60,000 points.