We have a Ikea kitchen here in NY…..its from 2009…..here we are in 2019 and looks as good as new-would totally use them again.

http://www.collins.net.pr/Photo/House%20photos/135%20Henry%20St%2C%20Brooklyn/3%20-%20Final%20Outcome/photo.htm

We have a Ikea kitchen here in NY…..its from 2009…..here we are in 2019 and looks as good as new-would totally use them again.

http://www.collins.net.pr/Photo/House%20photos/135%20Henry%20St%2C%20Brooklyn/thumbs/3_-_Final_Outcome_2009-04-04_19-29-31.jpg

It also charges expats/non residents 38%-45% LTCG tax on property…..makes it a non starter for consideration now as far as im concerned.

We haven’t sold our Sydney IP’s…….but we haven’t bought any more either since they removed the 50% LTCG tax discount for expats either.

@Dale,

Property in the USA is cheaper because they have more tier2 cities.

I’ve said it before multiple times until its just as cool to live in Nowra, Orange, Port Macquarie as it is Sydney, housing=expensive in Australia.

This said regarding property taxes……you have to remember property taxes in USA is different to council rates in…[Read more]

@Dale,

Property in the USA is cheaper because they have more tier2 cities.

I’ve said it before multiple times until its just as cool to live in Nowra, Orange, Port Macquarie as it is Sydney, housing=expensive in Australia.

This said regarding property taxes……you have to remember property taxes in USA is different to council rates in…[Read more]

Hi Jack,

Sorry for the delayed response.

Yes I bought a brick (well I bought it for my nephew to try and open his eyes about who delayed gratification works etc and makes money while you sleep).

What do you want to know?

You buy….you collect rent. If you decide you want to sell….you sell on their platform (they take a cut) and you get the…[Read more]

Hi Karan,

If you don’t have the ability to borrow from the bank you are basically asking someone to hire you just for labor only?

How many property development deals have you completed?

How many block split deals have you completed?

Why would someone hire you to do this labor with no experience??

Hope you understand my questions are trying to…[Read more]

Hi Karan,

If you don’t have the ability to borrow from the bank you are basically asking someone to hire you just for labor only?

How many property development deals have you completed?

How many block split deals have you completed?

Why would someone hire you to do this labor with no experience??

Hope you understand trying to be helpful.

we have all ours with Honan who sell Chubb insurance, never had a claim but read online good reviews and easy to do renewals etc.

Loans that are a Fannie or Freddie 30 year fixed can still not have pre-payment penalty

Likewise a Freddie or Fannie loan from any of the major banks should still be non-recourse.

Non-recourse means you can walk away from the loan by giving up the property in a short sale and not owe anymore, obviously you lose your equity but most loans in the…[Read more]

Loans that are a Fannie or Freddie 30 year fixed can still not have pre-payment penalty

Likewise a Freddie or Fannie loan from any of the major banks should still be non-recourse.

Non-recourse means you can walk away from the loan by giving up the property in a short sale and not owe anymore, obviously you lose your equity but most loans in the…[Read more]

Loans that are a Fannie or Freddie 30 year fixed can still not have pre-payment penalty

Likewise a Freddie or Fannie loan from any of the major banks should still be non-recourse.

Non-recourse means you can walk away from the loan by giving up the property in a short sale and not owe anymore, obviously you lose your equity but most loans in the…[Read more]

Hi Mani,

Yes Amanda from Elan Legal handled everything we needed as far as conveyancing remotely.

No we didn’t need to visit Australia.

Stewart Noble from MyLoanExpert was the mortgage broker we used for our last purchase in Dec 2016 which was financed through Westpac (the Narwee apartment I mentioned in 2015 above was through St George) and…[Read more]

Interesting, I always assumed it was tax driven……. :)

Don’t get me wrong no one would be upset about winding up the fund, considering how awesome the returns have been based on the $A move. I’m sure some people would be happy with selling the assets and returning funds ahead of time.

Cheers.

I always thought it had to have something to do with securitization.

This said…..who did you borrow 30 year fixed where you had a fee for pre-payment?

We originally were with Citi, then Chase and now BOA…..when we refinanced the first 2 no penalty for prepayment (and nothing in the BOA docs as far as I know…..).

We were with Citi and…[Read more]

Why do you think USA banks are able to offer 30 year fixed loans but ALSO have no issue in you paying back the debt at any time you chose.

I’ve never understood why paying back fixed loans to Aussie banks result in hug penalties….but in the USA they don’t care?

Was this in Sydney? do you have a name/number I can call.
Like I said $195+gst seems to be expensive to me :(