BuyLandOnLine wrote:
The point I would take is to understand that as stated above  – real estate investment is a risk. It is about numbers first and there is a touch of luck. In the long run luck evens out. An investor needs to have adequate resources to absorb the inevitable "hit". Hope for the best but plan for the worst. Adequate volume and…[Read more]

Rosa Tong wrote:
if it's all expenses paid why do you have to pay 10 k

….hehehe that's hilarious………….

Risk??? What risk?! Ask Steve McNight, he bought 100s of properties  from 10K to 20K in the US Last seminar I"ve attend with him, he showed the property he bought in Florida for 15K and hundreds similar properties like that he purchased some above 20K, others under 30K…so he went for quantity primarily which gives him HIGH yield. I have…[Read more]

The problem people these days, they don't know what they want (i.e., they can dishearthen by spruikers who prey on uneducated investors etc). And if you are on the minority, learned from those you've successfully done it (e.g. attend Steve's property update etc)  and ask for their experienced, used their channel of communications (e.g., their…[Read more]

We bought 2 properties in the vacinity of Atlanta, Georgia. For me, the most important relationship that you need to built is with your property manager. I have access to my property portforlio through my property management portal. There I can see my statements, rent payment, expense etc. I get informed once the rental income has been deposited…[Read more]

So if you registered your own LLC, who will sign up for your legal docs when you buy property in the US remotely on your behalf? Who can you nominate or use as an attorney if you registered your own LLC compared with when you use an attorney to register an LLC and open the bank account in the US?

thanks for the post… this site http://www.sos.mo.gov/  you mentioned, was that the right link or the site is temp unavailable? 

Jason700 wrote:
Between the US and Aus there is a double tax system.  Therefore you get taxed two times.

US and Australia have agreement with respect to taxation. If you submitted your US tax return in the States, when you file for return here in Australia, simply include your US tax returned, the ATO will take that into consideration when…[Read more]

Hey George,The name of account should be your LLC company name. Also, the bank should be providing you your PIN code to access your account online as organised by your agent. Have the account name change to your LLC, and when you received your PIN code, contact the bank and advise them that you would like to change your PIN code or access code to…[Read more]

Hello Investinusgroup,Very interesting. Thanks for sharing this info. A friend of a friend of mine, who used to drive truck in Kuwait during the gulf war, made sizeable earning then. He paid off his 500K mortgage here in 18months, then invested the lot in real estate 5 years ago in the US. Now he owns 15 properties in the US. Although he is a…[Read more]

sapphire101 wrote:
I came across this site : http://loansusa.com.au but don't know the interest rates. Also a Memphis operation offers private lending finance at 9.9% which is a stop gap measure for 18 mths while you build a credit rating through the property ownership and the use of a credit card ( issued with your bank account). The idea being…[Read more]

SteveDouglas wrote:
Hi Leo,Don't forget though, that leverage can work both ways.  As Warren Buffet says, "You can't go broke if you don't owe anyone money"steve@cashflowgold.com.au

Hello Steve,How you going mate? Agree !!! That is why not all properties make good investment. There are so much variables to consider and it is balancing act…[Read more]

Steve McNight strategy is buy on the bottom of the cycle and sell on the peak of the cycle! A strategy that made him the BEST selling multi millionair property investors and i'm sure it would work for someone else too. Also, don't over stretch yourself financial because when Murphy's law will visit you, you are more than ready and can ride out the…[Read more]

Hey RickH, pls read your email. Cheers

Thanks ActToday. I recently read an article (but cannot remember which one since I read tons of them) whereby a lot of Australian investors regularly visit the US and wish if they are permanent resident, could leverage on their properties that they bought outright, then built even massive portpolio and retire comfortably. After all, replacing your…[Read more]

Hey Adam,If you been working full time for a while, but poor in cash, have difficulty in getting finance, have you thought about using your "super" to buy property overseas, hence you don't even have to use your own fund or equity from your house?

Those multi millionaires who wrote books, conducting seminars etc., would not have made it without LEVERAGE…it is not possible to grow multi million dollar portfolio without financing. Again, it is case by case and different for individual. But, I plan to use someone else money to grow my portfolio.

Hello Rosa,Cash flow for Gold has a good team though their fee is slightly higher, about $6.3K. Steve from Cash flow Gold is quite helpful and very unfront about fees. Tony from My USA Property has tons of experienced in real estate investment and has good contacts in the US. His fixed fee is $4.9K and areas that he mainly recommends are tourist…[Read more]

Quite interesting, thanks guys.

Further to my comments above, if Banks are not leasing these foreclosures back to the market, wouldn't this create short supply of rental properties? Because, those people who lost their home, end up renting back in the market, therefore woundn't this create huge demand for rental properties  from huge renters populationwhich driving the rent to…[Read more]