Building a large reserve is OK by me, if nothing comes along when the balance reaches a certain point, I'll use large chunks of it to pay down mortgages.I also like old muscle cars, sold one I had a couple years ago to a man in Australia, more than doubled my money (I held it for around 4 years).

Group LLC, Deleware or Wyoming based which is held by an Australian Discretionary trust - This will be treated as a corporation for US taxation and as a consequence the LLC will be treated as a corporation.Subordinate LLC's - state based which will be the entities that own the properties.Money sourced from LOC in Australia at an interest cost of about 8%.The issuesThe properties should all be massively cashflow positive at a gross 20+% returns.

Thats why a lot of new apartments get sold to overseas buyers, and also to people migrating into Australia as it is a big part of satisfying visa requirements.Constant immigration keeps this market at demand.It also explains why Australian investors are known to take a different path - the 'fixer-upper' and revaluation is a great way for locals to pick up capital gains and rental increases with less competition from larger overseas economies.

I suspect this is because i am trying to access the website outside of the USA (from Australia).

Sydney (yes, Australia) is a great place to finish off a cruise!

As I am based in Australia, I imagine it would be tough to manage the rehabs required when not there.

The final week we visited ports in Australia.Darwin, Australia – Definitely saw the “missing linkâ€.

In Australia, I use ozforex.com as their rates are better than the banks.

Im based in Australia.

ThoughtsFollowing is the article.The Government is warning that New Zealand's fragile economy could be in for trouble with the prospect of property markets crashing in our biggest export markets.Finance Minister Bill English, relaxed and in good humour at a post-Budget gathering of South Island business people yesterday, said the Government was putting New Zealand on a path to greater prosperity but some things were outside its control.He was concerned about the potential for property-market crashes in Australia and China - New Zealand's two biggest export markets."