I have a secured visa card but needed to deposit the nominated limit on the card as security. No savings account was needed. This is not a card that is easy to obtain and several others have been rejected. I’ve had a checking account for two years and believe this is why I was approved where others have been rejected. I also have a personal…[Read more]

Greencard lottery closes 1st November each year I believe.

The foreclosure process for Liens that you hold is entirely different to a property foreclosure.  What you are actually doing is requesting a Tax Deed Application.  This can take months or even as much as a year if the County is not pro active.  Once the process is complete the lien property will come up for sale at a Tax Deed Auction and will us…[Read more]

You would need to apply for an E2 visa which entails a business plan and a whole raft of documentation which, if approved, would allow you to stay for 2 years at a time.  A Green Card can become a possibility down the track.  It's a very hard road.

Michael, I’m buying in Fort Myers Florida. The net is 17.275% which I am very happy with. I am receiving 16.258% and 14.358% on others. I look only at single family homes, even though I know there is a better return on duplexes, as i like the stability of families. I look at homes I believe can provide what families need, always check the sex…[Read more]

With me commenting above that rentals have dropped slightly, today I have had three potential tenants come through the house I’m living in and one yesterday (I’ll be back home for three months later this month). All have put in applications to rent. I paid $27,000 for the house, spent roughly $5000 fixing it up and the asking rental is $700 per…[Read more]

Hi Judi,

Rental returns have dropped a little but certainly nowhere near $100 per month so I believe you were misquoted from the outset.

I assure you it is happening Jay

Jay, a spruiiker is someone who comes onto a forum offering advice and once accepted as someone who knows what he is talking about comes in for the kill offering services that many take up as they believe his services will be great. It is a great way to play on the weaknesses of investors who have neither the time nor the expertise to invest on…[Read more]

Jay you have some good information and insights but Australians are investing in Liens on line and making money without being on the ground to inspect. Liens are not a way of making a fortune but are a nice little extra income. A US Bank account is needed and the funds need to be re-invested for a period of time to build up a nest egg. The cost…[Read more]

Jay, there are some banks and staff that are not abiding by the rules!! The US bank system of requiring quotas to be fulfilled by staff and commissions paid on the number of accounts opened leads to some staff opening accounts where they ought not. There are also a couple of banks that do not require their staff to abide by the Patriot Act but…[Read more]

Lenny, you will need someone in the US to act as your designated person for the EIN. A .bank account will be opened by some banks’s but they are few and far between.

Jay, in Florida there currently is no redemption period on deeds and unfortunately, some of the Counties that had gone on-line for lien sales have reverted back to the old system which is not helpful for out of Country purchasers.

I have looked at many of the programs available to teach tax lien/deed purchasing and am not excited by many of them.

I’m not sure what programs are available through Thomas Senatore currently but you could contact Steve’s office for an update. I know Tommy is coming out to Australia in June so something may be on offer then.

Very interesting commentary above but I must disagree on some aspects. I only ever buy liens that are left over (OTC) and therefore get my 18% return. There are still plenty of good ones available and the only time I have had to go to an application for tax deed has been on a single family home…so far. You do need to have a good look at the…[Read more]

petejac1 you will find that 25% return on property will probably not happen. In the lower end market a return of 22% is very good but most of the returns (if calculations are done correctly) are around 17%

I love liens but you need to calculate into figures that you may need to wait two years before you see a return as many do not redeem. From…[Read more]

Sparkyoz. I need to contact you URGENTLY. Please email me [email protected],au as you are marked as not receiving e.mails.

My advice is to forget about a Condo purchase unless it is a very good price and you can see copies of the HOA financials.  You need to know equactly how many of the Condo's are occupied (not just owned) and what reserves of cash the HOA has.

Terry, When you start looking at foreclosures you are needing a whole lot more experience and it is not something I would go into without a good deal of due diligence. Some of the Tax Deed sales offer good buys but many of these are selling for more than their value too. You cannot gain access for inspections prior to the auction and it is a…[Read more]

Bank accounts can be open if you can find a bank that will do so.  I have one that will still open for a foreign person who is not in the country but it is difficult with the Patriot Act.