The Client

Our client from Australia came to us online and wanted to look for low-cost residential housing to earn investment income. They like the Midwest cities due to their low entry point.

How We Helped

Given the capital tax implications of selling, we suggested using a Tax Program called “1031 Exchange,” which allows property owners to swap one investment property into a more expensive one, which allows capital gains taxes to be deferred. They reviewed this option with their tax advisor and were able to roll the gains into the new purchase allowing them to buy a nicer property located in a better school district that equated to higher rental yields.

We found the client a very competitive foreign national mortgage, and they were able to take advantage of this Tax Incentive.

Loan Details

NationalityProperty ValueLoan AmountLTVRate
Canada Citizen $480,000 $264,000 55% 4.750%
Term Address Property TypePurposeLoan Type
5/1 ARM Atlanta, Georgia Single-Family Home Purchase Residential
Nationality Canada Citizen
Property Value$480,000
Loan Amount$264,000
LTV55%
Rate4.750%
Term5/1 ARM
State Atlanta, Georgia
Property TypeSingle-Family Home
Purpose Purchase
Loan TypeResidential

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