hey crusty my experience dealing with motivated sellers so far so good…maybe my deals were different to yours, who knows?. One approached works for some and it may not works for others but that's life…but I have been fortunate that it works for me.Everyone has given his advised to Patrick about his possible purchase except you. So let me ask…[Read more]

Hi jnaumovski,I read that book 15 months ago and his other book also…now Steve puchased 200+ properties in the US, so I follow him and bought 3 properties (..after attending few seminars from his.)  but that's another story.You have a plan BUT my problem with it is you don't have a goal.Before, you start implementing your plan, you have to be…[Read more]

As you access and used up your home equity, naturally, your mortgage payment will also rise, unless you turned your home from PPOR into IP, nothing you can claim from the tax man hence choose your strategy wisely (e.g., positive geared cash flow or positive cashflow or negative geared), because it could affect your cashflow….investment is all…[Read more]

Glad I can help….you can easily sort out the good one from the not so good one through regorious interview. Take your time…… just as you would take your time hiring an employee in your business.,………….. and good luck selecting the right one

You can try calling three different real estate agent in Canterbury LGA and ask for their property managers….interview them then go from there.

crusty wrote:

DHCP wrote:

              they wanted more money as they had a higher offer. .

Learn from investors who've gone before us…deal with motivated seller only. I've used that strategy to all my purchases and it worked all the time.  So what's a motivated vendor? Seller that is going through divorce, move to different sta…[Read more]

@richard, i'm more referring to the valuation of the property by the Bank…typically, lenders will lend you 80-90 percent of their valuation of the property, in their own mind, that's how much the value of the propety….but of course, the market will might have a higher value…….you know from your prefession, Banks are conservative in…[Read more]

If you tell the vendor to take it out of the market while you are under contract it will prevent you from getting gazump..that's how I bought several properties.

Terryw wrote:

To prevent gazumping you would need to enter into a contract. And to avoid paying stamp duty twice you would also need to have the entity established before entering  contract in most states, inclduing, I think WA.So becareful in following this advice.[/quote]You have to read between the line……..once the offer is accepted…[Read more]

ANZ, ING etc are some of the lenders that will lend up to 90% of the market value of the property… in Bull market Lenders will lend up to 95% of the value of the property, in Bear market, they are more cautious…

Before anyone gazump you, put an offer on the property preferrably put a small deposit and if accepted, get them to take the property out of the market before it disappears out of your sight.Then, do your due dilligence (e.g. building inspection, pest control etc). Also, talk to your silicitor to put the property under a trust name for asset…[Read more]

Is this your first IP? If yes, then you won't be able to claim any of the cost. If you already have some IP, yes you can claim these costs as part of running costs of the properties.

The four Big Banks here in Australia had started closing down their Branches 8 years ago…… One Bank here ING Direct (not sure if you call it a bank because it doesn't have an office)….all transactions are done online (e.g., opening Every Day saving online, BPAY online so on and so forth).Foreigh investors investing the US should not complain…[Read more]

[/quote]FYI my wife has paid all our bills online  for years as.To be honest I can not recall the last time I stepped into a bank years….I only go to my mail box when it looks like it is loaded and stuff falling out. Every thing is done electronically …..Alex [/quote]America can send droid into Jupiter to witnessed astroid impact into the big…[Read more]

Hello All,I've been in the IT industry for a decade and guess what's the industry standard for Networking, Systems, Database, Financial Applications etc., all are American products.It is not so much the 9/11 that stop America from advancing its Banking Electronic system (mind you, The Banking Corporations that started the whole 2008 GFC because of…[Read more]

There should be few agents (e.g., L J Hooke; Professionals etc) your area that can help you with managing your property. Try contacting three different agents, ask for their property managers.Hiring property manager to manage your IP is like hiring an employee: Ask for the following questions:How many properties in your books that are vacant (e.g.…[Read more]

jayhinrichs wrote:

worldinvestor wrote:

CheevesFinancial wrote:
Exactly!  It's psychological warfare.  Keep in mind, these thiefs are not smart.  They have the education of a 10 year old.  All they know how to do is roll up at night, sneak and snatch.  They have found ways around cages.  However, cages are working in our area for some.…[Read more]

As a buyer's agent, a good way to start your market research here in this forum?  

Good home Alex. Do you have the finished video footage of this property? i'm interested how the rehab turned out for $15K…I'm sure it brought the inside after rehab looks almost brand new?

I think these companies have their own US Realtors either paid by commission or some sort of pay arrangement. The US Realtors will negotiate  the deal with the Bank's agent. These Aussie companies only bring foreign investors in the US, the deals are done by their own Realtors, Attorney, Building Inspectors etc., that what's I've experienced…[Read more]