PropertyInvesting.com | Judith Ottosen | Activity https://www.propertyinvesting.com/members/tallpoppy/activity/ Activity feed for Judith Ottosen. Thu, 06 Nov 2025 12:03:02 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 e70395ead1e5a5e50fb88a7bacb48b8f Judith Ottosen's profile was updated https://www.propertyinvesting.com/activity/p/427864/ Wed, 02 Jul 2025 00:53:37 +0000 d750f9188d75cc110fd6acf302155ae7 Judith Ottosen's profile was updated https://www.propertyinvesting.com/activity/p/399362/ Wed, 24 Nov 2021 22:07:49 +0000 1a579cb0c056748b8b30db8bbe08defc Judith Ottosen replied to the topic NEW: US Property Focus Group (Free to Join) in the forum Overseas Deals https://www.propertyinvesting.com/topic/4404316-new-us-property-focus-group-free-to-join/page/6/#post-5077586 Wed, 24 Nov 2021 22:04:52 +0000 What State are your properties in?  My Mortgage guy can do 30% down loans for foreign investors

]]> 4e3bb497451bda9e84b073c069c89ff0 Judith Ottosen replied to the topic NEW: US Property Focus Group (Free to Join) in the forum Overseas Deals https://www.propertyinvesting.com/topic/4404316-new-us-property-focus-group-free-to-join/page/6/#post-5053978 Wed, 12 Jun 2019 02:34:22 +0000 I personally have found the venture into US real estate extremely lucrative and continue to receive a very nice cash flow each month. Several who had me purchase for them are now selling and receiving more than double their money. Haven’t had any complaints.

]]> 27edf4dd9653589b1814575f5d773c31 Judith Ottosen replied to the topic NEW: US Property Focus Group (Free to Join) in the forum Overseas Deals https://www.propertyinvesting.com/topic/4404316-new-us-property-focus-group-free-to-join/page/6/#post-5030761 Sun, 23 Oct 2016 11:33:23 +0000 There are a few Australians who post on this site who are living in the USA and helping others invest in property. Send a few emails out and I am sure you will receive replies.

]]> e43b842ca5fdec727d8b3282e6c31469 Judith Ottosen replied to the topic NEW: US Property Focus Group (Free to Join) in the forum Overseas Deals https://www.propertyinvesting.com/topic/4404316-new-us-property-focus-group-free-to-join/page/6/#post-5025847 Mon, 16 May 2016 10:47:48 +0000 When purchasing property it is best to purchase in the name of an LLC to give you some protection. A tenant should never know where the owner of any property lives and should only deal directly with the Proerty Manager. Law suits are rare and most tenants just want to get on with the business of life. Keep your property maintained and there is…[Read more]

]]> aec53e10aee28d6d59d756864415f466 Judith Ottosen replied to the topic New Option For Foreign Persons Seeking To Borrow Money In The US in the forum Overseas Deals https://www.propertyinvesting.com/topic/5019417-new-option-for-foreign-persons-seeking-to-borrow-money-in-the-us/#post-5023323 Mon, 28 Mar 2016 15:14:12 +0000 What CL1706 said is about it. The second home must be for personal use only and not as an investment. I have a number of banks that will lend for investment purposes but the purchase needs to be in your personal name as your personal finances are used to qualify for the loan. Existing investment properties held in the USA can be used as a…[Read more]

]]> 3ec20dddb9818b276bd7a8033302d744 Judith Ottosen replied to the topic Income Education course offered in Australia in the forum Overseas Deals https://www.propertyinvesting.com/topic/4996237-income-education-course-offered-in-australia/page/2/#post-5023322 Mon, 28 Mar 2016 15:01:54 +0000 Cath, I have heard that there is a time limit on when the first property must be purchased and the inventory is slim pickings. If you want to invest, speak to any of us here on the forum for guidance. I’ve been in Florida for 7 years now and have learnt many of the pitfalls. I almost always have new clients that have been stuffed around and now…[Read more]

]]> 7e44cecc782d037297e082cc705a5d5e Judith Ottosen replied to the topic dissolving llc in state of delaware in the forum Overseas Deals https://www.propertyinvesting.com/topic/5020661-dissolving-llc-in-state-of-delaware/#post-5023321 Mon, 28 Mar 2016 14:55:35 +0000 All you need to do is not pay the annual fee. It will eventually become inactive without any hassle on your part.

]]> 26f9dec5ee3ef6e544eb0b6e55e08f11 Judith Ottosen replied to the topic NEW: US Property Focus Group (Free to Join) in the forum Overseas Deals https://www.propertyinvesting.com/topic/4404316-new-us-property-focus-group-free-to-join/page/6/#post-5018890 Sat, 09 Jan 2016 23:59:38 +0000 Link worked thanks Peter.

]]> ed6c291c99c6e896ecc14f9c10122058 Judith Ottosen replied to the topic NEW: US Property Focus Group (Free to Join) in the forum Overseas Deals https://www.propertyinvesting.com/topic/4404316-new-us-property-focus-group-free-to-join/page/6/#post-5018883 Sat, 09 Jan 2016 17:23:23 +0000 I tried to sign up but received an error that Metting7 was an invalid code. In in the USA so maybe I can’t join

]]> 9e3e71550a797e989127a12b81a6f770 Judith Ottosen replied to the topic NEW: US Property Focus Group (Free to Join) in the forum Overseas Deals https://www.propertyinvesting.com/topic/4404316-new-us-property-focus-group-free-to-join/page/6/#post-5018882 Sat, 09 Jan 2016 17:20:14 +0000 What a great idea Peter. I’m in the same business as you and am also appalled at what some investors have been put through.

]]> af393d75312e8eda8b001070e577c913 Judith Ottosen's profile was updated https://www.propertyinvesting.com/activity/p/333505/ Thu, 07 Jan 2016 02:18:47 +0000 147f6f6d985d0b20f1603f226f61fd03 Judith replied to the topic Poll: How would you describe your investment debt situation? in the forum Opinionated! https://www.propertyinvesting.com/topic/5017407-poll-how-would-you-describe-your-investment-debt-situation/#post-5018821 Thu, 07 Jan 2016 02:09:19 +0000 We had been in construction all of our married life but were getting to the stage where things had to change as it’s tough on the body. I worked three days a week on the tools as well as doing the office work so am used to being busy. My husband also needed a change. I had the opportunity to go to Florida, came home and told my husband we were…[Read more]

]]> 5b3677b46756f674064c27b93d501987 Judith Ottosen changed their profile picture https://www.propertyinvesting.com/activity/p/333498/ Thu, 07 Jan 2016 01:22:55 +0000 1b16e33f4206dc37e4dd7bafbcd278e0 Judith Ottosen changed their profile picture https://www.propertyinvesting.com/activity/p/333497/ Thu, 07 Jan 2016 01:21:59 +0000 4260f243efefe9a40256962dfe92769d Judith replied to the topic Section 8 Tenants in the forum Overseas Deals https://www.propertyinvesting.com/topic/5013450-section-8-tenants/#post-5018817 Thu, 07 Jan 2016 01:20:11 +0000 Section 8 tenants have a variety of vouchers, number of bedrooms, well water, city water, tenant pays, owner pays. They receive a different amount depending on the terms the landlord dictates. A voucher is not always seen by a landlord but it is up to you to make sure the particular rental property is not more than the tenant qualifies for.…[Read more]

]]> 694c9d48c6c53910df7f33ea4404c437 Judith replied to the topic Selling a US house rented verses vacant in the forum Overseas Deals https://www.propertyinvesting.com/topic/5016989-selling-a-us-house-rented-verses-vacant/#post-5018816 Thu, 07 Jan 2016 01:05:52 +0000 Is the tenant on a month to month lease or a fixed term? If fixed you cannot insist the tenant leave but some might if you offer them an incentive of some sort. If month to month you would be required to serve the tenant with a notice advising that the property is for sale. Make sure your Realtor serves the notice formally in case you need to do…[Read more]

]]> 308570755b2ac146d2224ceb0a830b46 Judith replied to the topic U.S. Investing tools in the forum Overseas Deals https://www.propertyinvesting.com/topic/5014007-u-s-investing-tools/#post-5018814 Thu, 07 Jan 2016 00:58:26 +0000 A couple of observations:

Rentometer.com is only good as a guide and can be hundreds of dollars out. One of my properties rents for $1200 a month. Rentometer has it at $888, another is $800 a month but rentometer thinks its worth $600. Years ago rentometer was over estimating so its good to see they are now under as its a better tool to…[Read more]

]]> 344d88119d708894b70dfaa1d40271ab Judith replied to the topic NEW: US Property Focus Group (Free to Join) in the forum Overseas Deals https://www.propertyinvesting.com/topic/4404316-new-us-property-focus-group-free-to-join/page/5/#post-5018813 Thu, 07 Jan 2016 00:30:07 +0000 This is unfortunately very true. I have found most Americans spend everything they earn and have “stuff” Eight TV sets is not uncommon. Everyone in the household goes to their room to watch what they want on TV and do not sit together as a family. I hope this is not a trend in Australia too.

Almost all of my tenants are late with rent if…[Read more]

]]> 89f514e685f69a416d007df4bcab30d1 Judith replied to the topic Poll: How would you describe your investment debt situation? in the forum Opinionated! https://www.propertyinvesting.com/topic/5017407-poll-how-would-you-describe-your-investment-debt-situation/#post-5018810 Thu, 07 Jan 2016 00:08:56 +0000 For me, timing was for once right. We sold all of our furniture and everything else that was not screwed down and invested the lot. Am now set up for life and debt free. Own 10 houses in the USA

]]> 472f7e37d388e96b72c690c8b712e508 Judith replied to the topic NEW: US Property Focus Group (Free to Join) in the forum Overseas Deals https://www.propertyinvesting.com/topic/4404316-new-us-property-focus-group-free-to-join/page/5/#post-5010461 Fri, 17 Jul 2015 04:01:35 +0000 Agree with Nigel on this one. Detroit is a lovely place to invest if you like throwing your cash away. A few of my clients babe property there and none have seen anything to bring home yet and are not likely to. There are issues with poverty, gangs, unemployment and a lack of care on the tenants part to take responsibility to ensure the…[Read more]

]]> a9b6c8522a077553c567c26debaed431 Judith replied to the topic U.S. Investor - Filing Requirement for BEA in the forum Overseas Deals https://www.propertyinvesting.com/topic/5007303-u-s-investor-filing-requirement-for-bea/#post-5007842 Tue, 26 May 2015 02:21:55 +0000 I was sent a BEA form, completed it the first year then let it go the next due to pressure of work. I’ve never been contacted again. I have clients who filled them out for a couple of years then ignored them and have heard no more. Once they have the general drift of what you are up to, they seem to leave you alone. I think it’s just a way of…[Read more]

]]> 1e68ecc58603c15a045b8188f1f4d2ce Judith replied to the topic Here in Detroit ! in the forum Overseas Deals https://www.propertyinvesting.com/topic/4999770-here-in-detroit/#post-5005933 Sun, 12 Apr 2015 18:29:33 +0000 I don’t know where EngeloRumora is but I tried to contact via phone and email and received no response. I had a referral for him!! If you see this please contact me.

You are 100% right Nigel on Florida being a great place to invest. There is development and new construction going on everywhere with employment numbers growing and demand for…[Read more]

]]> ae9f7de63f066e577746578dbe8b0070 Judith replied to the topic NEW: US Property Focus Group (Free to Join) in the forum Overseas Deals https://www.propertyinvesting.com/topic/4404316-new-us-property-focus-group-free-to-join/page/5/#post-5004478 Fri, 27 Mar 2015 18:52:23 +0000 John, I think you will struggle to find anyone. Let’s hope I’m wrong.

]]> bedbdd40dc4c33216d05aceeb253feff Judith replied to the topic some interesting articles on florida in the forum Overseas Deals https://www.propertyinvesting.com/topic/5004473-some-interesting-articles-on-florida/#post-5004477 Fri, 27 Mar 2015 18:22:23 +0000 Everywhere you go in Florida there is both commercial and residential construction taking place. It’s very exciting times. The day before yesterday I had a rental property open and had 30 odd groups through. Can’t get enough properties in some areas. One couple told me they have been trying for 6 1/2 months to get something decent

]]> a4317e2a68065e10f014e18f546f0602 Judith replied to the topic Here in Detroit ! in the forum Overseas Deals https://www.propertyinvesting.com/topic/4999770-here-in-detroit/#post-5004306 Mon, 23 Mar 2015 11:22:14 +0000 Hi Aussie in Detroit,

I am also an Australian, living in Florida for close on six years now. Did you get a work visa or have you just come over to set up your business? You may find you have an issue with obtaining a Real Estate license without an SSN so will have to partner with someone. I have a client looking for a Property Manager in…[Read more]

]]> e430adfe31a28af7f3db7e7fb998c400 Judith replied to the topic Where is your LLC set up in the forum Overseas Deals https://www.propertyinvesting.com/topic/5002014-where-is-your-llc-set-up/#post-5004303 Mon, 23 Mar 2015 11:03:56 +0000 Sorry I haven’t replied sooner, been a bit hectic here. The Nevada LLC was not registered as a foreign LLC in Florida.(foreign here means another State) The fees to be registered as foreign are the same as an annual renewal of LLC which is not cost effective long term. I thought it was something worth bringing up here as I know there are a…[Read more]

]]> 8505a439a056d33f677f8506642a113f Judith replied to the topic Comparing - how much does your rental agency charges for renewing an agreement? in the forum Overseas Deals https://www.propertyinvesting.com/topic/5003985-comparing-how-much-does-your-rental-agency-charges-for-renewing-an-agreement/#post-5004299 Mon, 23 Mar 2015 10:31:58 +0000 There is a great deal more to property management than just taking a commission. Like any business there are overheads for a start like computers, printer, telephone and internet, electricity, management software monthly fees and if you run an office, rent. Then there are accounts, bank reconciliations and the hours spend monthly keeping this…[Read more]

]]> d5853fbc21728add31f2658426ddf447 Judith replied to the topic Buying properties in America in the forum Overseas Deals https://www.propertyinvesting.com/topic/5000355-buying-properties-in-america/#post-5004298 Mon, 23 Mar 2015 10:11:50 +0000 EIN’s have been crazy. Anything from two days to two months in some cases. Fortunately once that hurdle is past, the bank bit is easy. There is more than one bank in Florida that will open accounts too but I choose to stick with Capital for my clients as I have a great relationship with my banker who makes transactions a breeze.

Cheers Judith

]]> 0f4393d832d42339679aa6ebbc975975 Judith replied to the topic Buying properties in America in the forum Overseas Deals https://www.propertyinvesting.com/topic/5000355-buying-properties-in-america/#post-5004295 Mon, 23 Mar 2015 09:38:21 +0000 It’s possible to open a bank account with Capital Bank in Florida from Australia. A couple of small procedures needed but on the whole very easy to do. I am living and working in Cape Coral Florida and did the rounds of the banks to find one that would help. I too used OzForex for transferring funds and use UsForex for transferred back to…[Read more]

]]> d6b9502622f0e8a19abf6a889d6a5a8c Judith started the topic Where is your LLC set up in the forum Overseas Deals https://www.propertyinvesting.com/topic/5002014-where-is-your-llc-set-up/ Thu, 19 Feb 2015 03:30:27 +0000 Recently, I came across an issue of evicting a tenant where the owner of the property has a Nevada LLC and Florida properties. If the tenant leaves after the first notice, no problem but if the matter goes to court, the judge will throw it out and award tenant legal costs, if any, against you. It’s important to check the requirements of the…[Read more]

]]> 4fe86f04bc92b96a7a2feb5de4bdf1ca Judith replied to the topic US Property as 1st IP in the forum Overseas Deals https://www.propertyinvesting.com/topic/4998315-us-property-as-1st-ip/#post-5002010 Thu, 19 Feb 2015 03:19:52 +0000 Spot on Jay. You need to decide if you want cash flow or growth as growth in the lower end has slowed after a little boost over the past couple of years. Many of my clients are now selling off their cheapies for something a little better so they can achieve more growth.

]]> 46400e6bfcb60ccb9e90d7301062e155 Judith replied to the topic What do people think of Steve's the US Passive Income Fund? in the forum Opinionated! https://www.propertyinvesting.com/topic/4407441-what-do-people-think-of-steves-the-us-passive-income-fund/page/2/#post-5002005 Thu, 19 Feb 2015 02:46:28 +0000 It’s interesting reading through these older posts then looking at the current situation. I have heard through some that invested in Steve’s fund that all is going very well indeed. Here in SW Florida, not only housing but commercial too is booming. Everywhere you look there is growth and new buildings going up.

]]> d0130083433d0feb143db9f10e3f39ea Judith replied to the topic NEW: US Property Focus Group (Free to Join) in the forum Overseas Deals https://www.propertyinvesting.com/topic/4404316-new-us-property-focus-group-free-to-join/page/4/#post-5001999 Thu, 19 Feb 2015 02:19:01 +0000 Some of the smaller banks are being very helpful in opening accounts. The bank I use does not need passport and drivers license notarized but a form stating that these ID documents have been sighted needs to be completed. This needs to be witnessed by a Notary Public which is fairly easy to find. I also use Ozforex for transfers to USA and…[Read more]

]]> 5ca26df5d6b085763a748fc9fdd18d35 Judith replied to the topic Setting up US LLC and Bank Accounts in the forum Overseas Deals https://www.propertyinvesting.com/topic/4410599-setting-up-us-llc-and-bank-accounts/#post-4995841 Tue, 21 Oct 2014 20:58:28 +0000 I spoke with my Accountant today and he advises:

A single member LLC disregarded for Florida and federal income tax purposes is not required to file a separate Florida corporate income tax return.

For any complicated set up in any State I am sure it would be prudent to discuss your personal needs with a US Accountant first but there are lots of…[Read more]

]]> a687d5b251ba77885620b2ee3bba6b55 Judith replied to the topic Setting up US LLC and Bank Accounts in the forum Overseas Deals https://www.propertyinvesting.com/topic/4410599-setting-up-us-llc-and-bank-accounts/#post-4995813 Tue, 21 Oct 2014 02:35:30 +0000 I’m going to check this with my Accountant and will post his comments. I know I don’t pay State tax for any of my businesses. Might be something to do with having a Corporation as owner or one of the members of the LLC. My lLCs have a family trust as managing member.

]]> 5c663ea5e771bd75cedc88b3aaef55b8 Judith replied to the topic Setting up US LLC and Bank Accounts in the forum Overseas Deals https://www.propertyinvesting.com/topic/4410599-setting-up-us-llc-and-bank-accounts/#post-4995807 Mon, 20 Oct 2014 19:41:10 +0000 It is easy in Florida now to set up an LLC, obtain EIN and bank account with Capital Bank. It is also possible to obtain finance. Florida also has no State taxes.

]]> 23253c062538282cb3e9503b8eeb7e6d Judith replied to the topic NEW: US Property Focus Group (Free to Join) in the forum Overseas Deals https://www.propertyinvesting.com/topic/4404316-new-us-property-focus-group-free-to-join/page/3/#post-4995805 Mon, 20 Oct 2014 19:30:22 +0000 I’ve had two try but both times as soon as I have written to the lawyer advising that the Managing Member of the LLC is out of the country, I’ve not to heard another word.

]]> 28f6afd2a6733235eb36b33c5872d91d Judith replied to the topic NEW: US Property Focus Group (Free to Join) in the forum Overseas Deals https://www.propertyinvesting.com/topic/4404316-new-us-property-focus-group-free-to-join/page/3/#post-4995804 Mon, 20 Oct 2014 19:22:07 +0000 There are a number of people in the USA who can and will help without taking your shirt too. The economy is improving but many are not yet ready to buy or have been burnt and no longer wish to own so tenants are everywhere. Florida and in particular SW have great opportunities.

]]> fe0fc455a9db675bf78982b2039231de Judith Ottosen changed their profile picture https://www.propertyinvesting.com/activity/p/299921/ Mon, 20 Oct 2014 18:55:44 +0000 0b118ec612a6eb3d97c4ed6a15b069ed Judith Ottosen became a registered member https://www.propertyinvesting.com/activity/p/299919/ Mon, 20 Oct 2014 17:52:06 +0000