All Forum Posts by: Lindsay Stewart

Hi Brandon,

I will PM you my details, happy to look at some of these

Cheers

Lindsay

@Kelsey McCabe Hi Kelsey!  Are you wholesaling Australian properties in Australia?  Or US properties in Australia?

There is not a huge wholesale market for residential property in Australia, that I am aware of, nothing like the States.  But wholesaling US properties can work.  Let me know if I can help at all

Cheers

Lindsay

@Arianne L. Wow, brilliant Arianne!  So great to hear such success stories!

@Ashley Brown

G'day Ashley

To answer this correctly we would need a lot more information including the location (suburb) and some financial information you do not want to post here on BP.  If the property is in a good location, and by renting the property you can make it positive cashflow (ie, rent minus all outgoings including mortgage still leaves you with profit left over, then it would certainly be worth looking at keeping and refinancing out as much equity as you can (but stay positively geared). 

Whether or not its a new property will also make a difference as you may be able to claim depreciation.  Bear in mind also, if you please to offset some of the costs against your income, you will need to check with a good accountant here in Australia, as I believe this offset could only be against Australian income and if you move back to the US, then you will not be able to use any offset benefits of negative gearing.

Even if you head back to the states, over time, particularly in Australia this property (if in a good area) should appreciate considerably and in 10-15 years will be an excellent investment for you and your daughter.

Selling in Australia, particularly soon after purchase is quite expensive with commissions, stamp duties, taxes etc. Unless there is no way to positively gear the property, then selling might be an option if you are moving, as any benefits of negative gearing here in AU (and I believe they are few and far between) would most likely not be applicable to US income if you move

Cheers

Lindsay

Hi @Damien Rance

@Jordan Sinclair is correct.  Aussies can certainly invest in the US market.  @Lance Lvovsky has some great advice and I also have some Aussie accountants quite well versed in global earnings so this would be a great place to start.  PM me if you need any contact information

Best of luck!

Cheers

Lindsay

Hi @Alain Haug

Purchasing on a land contract might work (not sure if anyone else on this thread has also suggested this?).  Can limit your options of choice though, and often costs more to purchase, but could also offset some of the very high costs of hard or private equity.  Then in a couple of years, refinance out and pay the vendor off.

I sell a lot of my properties on land contracts, works nicely

Cheers

Lindsay

Hi @Yonatan Weic

Best of luck.  Yes absolutely it can be done.  @Lance Lvovsky has some great advice from a taxation standpoint, and you will want to ensure you are across your tax laws in the UK as well, make sure you definitively know your exposure.

Finding a location is more of a personal preference and depending on funding, but there are good and bad areas in most states/cities to watch out for

Best regards

Lindsay

G'day @Jarrad Quin

Absolutely it can be done!  I have also been investing in the US market successfully from Australia for over 6 years.  Best of luck with everything.  Just make sure to check and double check everything and get yourself some good people on the ground!

Cheers

Lindsay

Certainly an Aussie term John - CBD stands for Central Business District which is essentially the same as "Downtown"

Cheers

Lindsay

G'day @Liam OSullivan

I would definitely ensure you seek a CPA for advice re this.  You will most likely find that there are extremely stringent regulations surrounding the SMSF in Australia.  Even if you are investing in the US with the funds, which is generally allowed, you are not likely to be able to share the funds with other funds from yourself.  may have to keep these two sources of income seperate.  Talk to a good accountant about this for sure!

Cheers

Lindsay