Boomtimes

Boomtimes started the topic Quantum and Future Estate – wholesale investments! in the forum Creative Investing 10 years ago

Hi, has anyone had any experience with these “manufactured equity” investment options?

Future Estate is particular active at the moment with what they call “MEP” in Parc Vue development in Bundoora Melbourne. You effectively “lend” them money, say $100k against the apartment for 2–3 years and then get up to a 15% discount when you settle on the…[Read more]

Boomtimes replied to the topic Is it best to buy in an LLC or in own name? in the forum My few cents,
If you buy one 13 years, 8 months ago

My few cents,

If you buy one property then it makes no difference and a waste of money (unless other assets in the US). A single member LLC is disregarded for tax purposes and you have to get an ITIN number and lodge a personal tax return in the US.

I have 6 properties in varies states and have set up multiple LLC’s and hold app $100K in each…[Read more]

Boomtimes replied to the topic Property in the USA in the forum Overseas Deals 13 years, 11 months ago

Hi There,

I did notice a property advertising by them that appeared about $10-15K overpriced. I own property in MI, GA and FL. Different reasons for buying. Believe in the asset class, the timing but also in diversification within the asset class.

MI got very high rental return, gross 40%+, GA 20+ % and FL 18%.

Personally favour FL due to app…[Read more]