The strategy involves thinking about the HELOC in a much different way than we usually do here in the US (it's really popular in Australia, Europe and S.

The head of Goldman's mortgage unit recommended managers of Goldman's sales force issue "ginormous" sales credits to those who could find investors anywhere in the world.A Goldman executive found one in Australia.

Nice to hear from someone from Australia.

Thank youGary from Sydney Australia

He usually does SFR and I suspect the commission on this deal would be very significant to him.)If this property were in Australia, I'd simply proceed unrepresented, but as this is my first US transaction, and I've not previously closed a property in the US, I don't feel confident to do that in this instance.The listing agent has offered:1) I can get a new agent, and he'll split his commission with my two agents, in accordance with their level of work. eg if he gets 6%, maybe 3% for my side, in the form of 1.5% to my original agent as a referral fee, and 1.5% to my new agent, or something like that.

From australia and would like to invest on the west coast from SF to LV...Problem is i dont know where to start??

Hi all,As mentioned above, I am based in Brisbane, Australia, but am striking out in the USA - the deals are just too good :)I have been in business for 10 years (business consulting, web design, online publishing), but have decided that real estate is how I want to build my wealth, so am here to learn :) I have just done some coaching with the Kiyosaki team, which has introduced me basically to USA RE, now for the real lessons!

Originally posted by J Scott:It's been nearly two weeks, and despite the uneducated rhetoric of high-school dropout drug-addicted radio talk show hosts (and their uneducated followers), there still have been no charges filed against Wikileaks or its founder for leaking documents.And finally the House Judiciary Chairman has something to say about it all:http://www.rawstory.com/rs/2010/12/wikileaks-did-not-commit-crime-conyers/As usual, the idiot talk show hosts are...idiots...I actually hope charges are filed...it will be nice to have the Supreme Court weigh in on this one to remind all the politicians that due process still exists in this country.Oh, and Australia has weighed in from their side:http://www.abc.net.au/news/stories/2010/12/17/3096032.htmSo, it looks like they won't be helping the US fabricate charges...

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.