CheevesFinancial wrote:
Hi Leo,………..  A wholesaler typically models their business model very simply.  A to B contract, and B to C re-sale.  The "A" part is the seller we buy from ie..banks.  The "B" part is me or those direct with banks acting as the buyer.  The "C" part is the exit to the B, which are typically investors like your…[Read more]

Thanks Ian, therefore these non performing assets, turned liabilities from those lenders hence they rather get rid off them (i.e., sell them cheap to stop the draining their purse which transfer the liabilities to the buyers but still have the liberty to chase up the former owners of the properties)? Are you better of dealing with the wholesellers…[Read more]

Hi Guys,Here in Australia we have our own share of calamities (i.e., bush fire, typoon up North Qld, drought etc). These type of calamities certainly have dire consequence on investment property. Not to mention, the time it takes to rebuild the property if it burned down or ruined by flood. My feel for those fellow investors got caught in the…[Read more]

xarp, can I ask the source that you've used to come up with those figures about rental yields for different US cities?

This is a question for Troy & Michael.Troy – how confident are you getting 75% LVR for foreign national? I read a lot of posts here and most of them are having trouble sourcing finance in the US? What sets your business a part from them, say Loan USA who operate locally?Michael – can you elaborate more of using equity of your property in Australia…[Read more]

Hey Dan,In Australia, there are few reputable websites that investors use such as http://www.residex.com.au. That website tells you a lot of the Australia property market in the past quarters (e.g. 3 months, 6 months etc). Do you know such website in the US that provides the same service (e.g., history of capital growth, yield return, media rental…[Read more]

Stuartwn,I'm investor myself here in Australia, even I know a bit of our taxation, I hired a tax accountant to sort out the legal matter about tax. I recommend you take this path as well, that is why they called 'the expert'. Focus on investing, leave that stuff to the expert….you won't regret it.All the best!

G'day Dan "the man" (as we call it here in downunder)I'm looking to invest oversea and I reckon investing in the US is a lifetime opportunity.Can you tell me more about your self, the area you are investing, your contacts (e.g. property managers, real estate agents)? and areas to avoid. And how many properties you bought thus far (no need to be…[Read more]

Hello RichH,Sounds like your experience dealing with HouseBuyers USA was positive. Do you have to be in KC to deal with the buyer's agent, look at the property and seeing face-to-face to ensure that these guys are geniune? Or, you the deal was closed without you setting foot in USA turf? I can see using buyer's agent, when investing in the foreign…[Read more]

Hey Charles 1, I had not so good feeling about them about the way they entice new members, very good in marketing that's for sure.  I've attended one of their free seminar in Parramatta NSW  about a month ago. If they try to sell you something then they are only looking after themselves. I bet you, their mentors keep g…[Read more]

It real depends on what you are trying to achieve. Buying a block of land is just a liability. If you want to pay out your mortgage first of your PPOR, I don't think it's a good idea if you want to get into real estate investing. Because, you could your equity to fund your 1st IP. In addition, interest payment from your PPOR is not tax deductable…[Read more]

Charles 1 wrote:
  In light of what you said wonder whether Michael Yardney will produce his new book in an audio book – I just read about it in his newsletter and am about to buy it on line – sounds like an interesting read with Ed Chan and 2 other experts,

Hey Charles 1,I told him via email yesterday, that there is a market for Audiobook…[Read more]

Alternatively, if you rent out your PPOR and it became negatively geared IP, get a quantity surveyor to produce a schedule for depreciation which you can claim from ATO. The beauty about this is you don't have to wait until the end of the year to get your refund of negative loss (i.e., your outlays are greater than your total rental income), you…[Read more]

WPC wrote:
…. the good thing is that the authors usually write about the same stuff they teach in these expensive courses.  .

I' agree 100% on this. Having spend amost $1K on books, multimillionaire property investors theology could be easily picked up from their published books. Why? Because, their experiences as investors (i.e., the…[Read more]

Prior to GFC, there are fundamental differencse between the US banking system and the Australian banking system and these are some but not limited: The US banking system could finance a mortgage to borrowers evenif the borrowers don't have employment ( Is this possible in Australia ? Will the BIG FOUR banks allow you take a mortgage…[Read more]

I agree to some degree BUT as said they take too much risk, in the end, even their premier rating agency (e.g. Standard & Poor) who supposed to be brilliant on rating those sub prime lending package, become clueless to the point it went downward spiral creating the GFC. Look, The Australian market rides on the back of the Chinese strong appetite…[Read more]

Hello Steve,One thing that differentiate the Americans and Aussies, is that they take on too much risk which is driven primarily by corporate greedy. Regardless, if we discuss the share market or the real estate market, American executives are primarily driven by short term profit hence greed. If we look back from the last decade, we saw  massive…[Read more]

number 8 wrote:
On that note: How do you go from 0 to 130 in 3.5 years? Can this really be done on an average income like Mum and Dad Australia?…..I will post this as a question, so please dont answer this here, as I do not want to hijack this thread…http://www.birchcorp.com.au

Steve McNight started investing in early 1999 where positive cashflow…[Read more]

In the words of "Steve McNight", "You should consider selling your house, rent for few years because you free up a lot of your money since you don't have commitment unlike your home mortgage. The proceed from your home mortgage invest it back into the real estate market by buying more IP. As Michael Yardney says, to create serious wealth, you…[Read more]

If appears you don't appreciate how IMPORTANT investors play in our economy in general. They provide community housing that the goverment failed as its responsibility. You also need to blame those people who are not discipline enought to save their hard earned money for deposit of IP but rather too busy keeping up with the joneses (e.g., buying…[Read more]