Proprerty Investmant In the usa

Hi trevor here this is mt first post.

So Ihope im inthe right place to say what i want to say and that i adhere to the rules of the forum I guess i'll be told if im out of order.

My post started because i read onther post regarding Investing in USA.

Its My opinion that it would be an excellant time to Invest in America.

Several reasons for this based on The state of the economy and haven read several books on Investing in real estate in the USA

My opinions for it being good are as follows :

* The result of Sub-prime loans = foreclosure sales,bank happy to get what ever therefore possible to pick a place up well under normal sale conditions

* Tax Liens... You can buy the ammount of tax owing to a county and the owner is requireed to repay you in a set time at a set interest rate. If he defaults the title of the property goes to the buyer of the tax lien. This could be as low as 2-3k on a 200k home.

* The general principle that real estate doubles in 7-10 years

I'm an experienced investor and have decided to try and encourage people to go for it.

I have taken a couple of my employee's under my wing with regards to investing in B+m and both of them have thanked me as the homes they bought 3 years ago have alreadt increased in value by as much as 50-60k bought for 200k

I hope this article will be of some help to those thinking of Investing inUSa but as well as here in OZ

Trevor

Now is always the right time to invest in Real Estate
Http://www.Moneyforyouandme.con/RealEstate
http://www.leadsleap.com/go/11819
http://www.leadsleap.com/go/15411

Hi Trevor

Couple of small things potential investors should also be aware of with investing in the USA;

1) property managers who collect the rent and keep it for themselves.
2) property managers who charge you 4 times the normal rate for repairs (created by tenants)and more often than not the job is substandard if it is actually done at all.
3) tenants who stop paying rent, trash your place and once terminated leave piles of crap that cost $100's to dump
4)local thieves who watch for empty houses and then strip furnaces and copper piping for scrap causing $1,000's damage
5) insurance companies who refuse to provide cover once a tenant moves out
6) city and county inspectors who troll the records for non resident owners and issue fines for the most minor of infringements. Why? Because the city and counties are literally broke and they see foreigners as easy revenue raising targets and there is nothing you can do about. 

The moral of the story?  Do your homework carefully.

Tony

Thanks for your comment Tony

Most of what you say is true also for investing in australia

* property managers not doing thier jobs properly..... allowing known problem tenants into your property allowing properties fall into disrepair,due to unsatisfactory or no regular inspections

* tenants trashing the place and doing a runner

* cost of repairs

* etc.etc.

Tony Ive been through all those problems

You are right and like all Business's you Must Do Your RESEARCH and own Homework as you say, but wouldnt you agree, 4 houses in 6 years for 695k and now worth 1.2 mill? Makes it all worth while

I dont know of anything that gives the same rate of return except for High risk Share portfolios

Nor do I as a Businessman Electrical contractor Know of any business that does'nt  have it's own

Set of unique of problems

My Motto in life and in business is This ......

"IF YOU'VE GOT A PROBLEM BUT YOU CAN FIX IT, THEN YOU DONT HAVE A PROBLEM AT ALL"

All the best  Now is the time to invest in Real estate

Trevor

Now is always the right time to invest in Real Estate
Http://www.Moneyforyouandme.con/RealEstate
http://www.leadsleap.com/go/11819
http://www.leadsleap.com/go/15411

Trevor

Which US lender have you used to finance these acquisitions.

Cheers

Yours in Finance
Richard Taylor
Residential & Commercial Finance Broker.
Licensed Financial Planner. Ph: 07 3720 1888
www.tayloredfinancialsolutions.com.au
richard@tayloredfinancialsolutions.com.au.
Lodoc loans from 6.23%

Richard,after reading my last post i can see that it could

be taken that the properties i mentioned were in the US

They are not I is in southport Qld ,3 in Adelaide.

However it is possible to purchase properties in US with no money down
Get a long settlement date
do any upgrades ( a lick of paint)
Flip it to sell to someone else with a settlement date earlier than your own date
Pay original owner and pocket the left over.

Now is always the right time to invest in Real Estate
Http://www.Moneyforyouandme.con/RealEstate
http://www.leadsleap.com/go/11819
http://www.leadsleap.com/go/15411

Trev Yes sorry i assumed you meant you where buying in the US.

Again dont want to disagree but even with a long settlement, using VF, flipping the deal etc you wont get a no money down deal being a FN.

Trust me i have financed enough deals with uS lenders in the past 5 years.

In Oz this is standard practise for wrappers or flippers.

Cheers

Yours in Finance
Richard Taylor
Residential & Commercial Finance Broker.
Licensed Financial Planner. Ph: 07 3720 1888
www.tayloredfinancialsolutions.com.au
richard@tayloredfinancialsolutions.com.au.
Lodoc loans from 6.23%

[Adversiting is a no no.]

Hi guys this is interesting.. im a newie i only have the one IP in VIC and am very interested in buying US. And will be ready to purchase around March however I havent a clue where to begin. I will need to do some extensive research. I was considering getting a reputable buyers agent. Know any?? Your assistance will be greatly appreciated.