Home topics news Michael Eagar and Lindsay Stewart, co-founders of The Cornerstone International Property Fund News News $50 million fund opens US housing market to Australian investors Yajush Gupta October 23, 2023 Australian investors have a new opportunity on their horizon as the Cornerstone International Property Fund, boasting an initial capital of $50 million, is unveiled. This innovative fund aims to simplify and streamline access to the thriving US residential housing market, eliminating the complexities of international taxation and the need for establishing US entities for retail and wholesale investors in Australia. The Cornerstone International Property Fund seeks to revolutionize investment opportunities, making it easier for individuals and families to access residential property in the United States with a minimum investment of just AU$50,000. The initial focus of the fund will be on single residential properties in four key states: Florida, Texas, Michigan, and Missouri. The strategy is straightforward – identifying suitable US properties, renovating or “flipping” them quickly, and then selling for a profit, with returns reinvested into the fund. Founders and directors Lindsay Stewart and Michael Eagar designed the fund to simplify and address the complexities and challenges often associated with traditional property funds. Their vision is to provide a low-dollar-entry-point investment vehicle that offers diversification, reduced risk, and impressive returns for Australian investors, especially targeting those in the 30-55 age bracket seeking portfolio diversification. Lindsay Stewart, co-founder and CEO, highlights the fund’s approach: “What we were looking to do is develop a simplified way of getting investors