Thanks for the replies to my thread Steve, though i am still hoping that someone can answer some of the questions in the original post that provoked this whole thing
Yes i too was a broker (although this was some years ago now) and was surprised to see the claim, but i figured i didnt know every thing (why else do we all attend these seminars, and read books etc hehe)
i dont know him personally, but i have read his book (several times) and watched him in his videos.. he doesnt seem like he would (or need to) do anything dodgy ?
ive booked myself into his brisbane presentation and hopefully he will come up with the info in more detail in that, and till then i will dream of "unlimited" finance hehe
Thanks for the response – but my only question is that my paraphrased quote is from Steves latest / updated book, and indeed if you check his upcoming presentation in Brisbane he seems to be referring to this again… therefore there must be someway to access these funds?
Ok firstly i have been reading these forums for at least 8 months, but have remained silent (listening and learning)
Nothing new from me except to say that i think there is money to be made in the USA, but apart from the small hurdles involving the paperwork, taxation and finance…(sic) i think that the biggest problem i/we will face is the "tyranny of distance". i.e. that the solution to every small problem is 20,000 klm away
So when your letting agent emails to advise that "x" needs fixing, does it really need fixing or are you being scammed? Assuming their is actually a real repair required, Is the repair quote padded to the point of criminality? Is the house actually empty or is the agent pocketing the rent? etc
So, my question is basically – how do you get around this tyranny of distance? I am more than prepared to fly to the USA to look at my potential property, to go through the time and effort to renovate (with tradesmen etc) the property and appoint an agent to find me some tenants.. but after that, what happens?
That my friend is my question (and coincidentally the question from all my friends who are also considering investing there) <br /:)” title=”>:)” class=”bbcode_smiley” />
(by the way, having said all of the above, Richard i would love to hear more of your experience in this matter in a more detailed way if you were so inclined – please feel free to contact me on 0411 457 977 or via my email)
Hi – i have been researching the pro's and con's of investing in the USA for the last 8 months or so and have a couple of areas in the USA that i particularly like.
I have been very interested to read all of Michaels posts, enough that i sent him an email as per the request in his blog etc…
Michael i know you are busy over in the USA making money, but do you reply to your emails? hehe