All Forum Posts by: Account Closed

Thanks! I will contact them

Yes, I did! And it's running really well. So far, I've received rent on time for 6 months now. Now, I need to overcome the lender to foreign nationals problem...

Hi everyone, I am an Australian who already has a portfolio of properties in Australia. I just recently bought my first property in the U.S. This property is in Indianapolis and doing very well. I paid cash for this, but am now looking for a lender for my second one. Does anyone know of a reputable lender that can finance foreign investors? Please don't suggest Lima One Capital. They are terrible. Kevin

Hi everyone, I have over 10 rental SFHs. Are there any investors who have put solar panels on your house's roofs and found a way to make a return on the investment? I would appreciate if anyone who has experience with this to comment. Kevin

Hi everyone, My name is Kevin and I'm an Aussie looking to invest in Indianapolis next month. I am currently looking for property management for a small portfolio of single families in Warren and Wayne. I'd like to work with someone who has experience with foreign investors as l am abroad most of the year. Please leave me your contact info if interested and I will contact you in the next 48 hrs. Also, any recommendations for building inspectors in the Indianapolis area would be much appreciated! Kevin

I've recently setup an LLC to buy rental properties. When I contribute money to my LLC (not as a loan) to either buy real estate or deposit cash reserves into the LLC bank account, is this classified as income for the LLC and therefore will the LLC have to pay tax on this contribution?

Thanks everyone for your responses. I'm really impressed with the people I have already met through Bigger Pockets and it's only been a week. Ali, I think the market I'm going to begin with is Indianapolis and Birmingham. Joel, love your response & made me laugh and would love to chat further. James Wise, I checked out your site, and will be in touch soon. Aaron Mercer, good to hear I'm not alone and would love to give you a call sometime if that's okay. I'm currently in Taiwan and will probably call you around 7 p.m. your time.

Thanks for the info Rick. Quite a few agents have told me that 70K would be a good starting price in Atlanta for B class. Unfortunately, it seems, this is not the case. B class housing is certainly what I'm after. My thinking is that it would have less headaches since I don't actually live in the country. I'm also looking at Indianapolis. Seems like Indy is also a stable and high cash-flowing market.

Hi everyone,

I'm an Aussie looking to invest in The U.S. for the first time. Atlanta and Birmingham have been recommended. I'm looking for longterm buy and hold investments. My question is, which areas are safer, less crime and have overall stability in these two markets? I'd be looking at B class turnkey investments. Also, is 70-100K a good medium price for safe B class investments assuming the numbers make sense?

Kevin