Simply talk to your tax accoutant and you'll get all your answers about Depr.

Blacktown has experienced spike in population growth for the past few years and it has good access to road infrastructure like M4, M7 etc., plus houses, townhouses etc., still affordable compare with other suburb. Not sure about St Mary's since I haven't done much DD on that area.

Cheers Jay…..very interesting and very informative feedback.

jayhinrichs wrote:
If you change property managers the tenants will stop paying, as they get confused, they have trust issues, many of these tenants have lost homes that were forclosed right out from underneath them, ( as we all know)..The next thing they will do when the knew prop. manager shows up will be to present them with a laundry list of…[Read more]

He Brent,You can certainly use your SMSF to buy property in the US which I've done with my super.  For our American poster colleagues, 401K is equivalent to Super Fund.  There are financial planner that can assist you setting up your SMSF, typically the fee is between $1600 to $2600.Given the market condition in the US, to have control of your i…[Read more]

worldinvestor wrote:

jayhinrichs wrote:
law sys this is the concundrem right now nationwide, what is the true value….. Atlanta particularly, is dominated by foreclosure short sales. No one really knows the true value, where as other markets most of the foreclosures are pretty beat up and require a ton of work thereby creating added value.…[Read more]

Hello lulu1You are definitely suffering from ANALYSIS, PARALYSIS. You know what that mean, right??????For those aren't familiar with the term, it means The term "analysis paralysis" or "paralysis of analysis" refers to over-analyzing (or over-thinking) a situation, so that a decision or action is never taken, in effect paralyzing the…[Read more]

Hello CeeKay Real Estate investment isn't a rocket science BUT the fundamental MUST be learned. And not to be bias at your age of 65, I would personally join any of the investment courses offered by the following investment guru which are mainly PCF advisor to accellerate your WEALTH creation rather than lose your life time saving.Steve McNight 12…[Read more]

lawsjs wrote:
Its hard to explain, but in Aus if someone does a job (generally) they do it to the best of their ability whereas the US it seems to be something to get through before you finish work for the day. It may have something to do with our property managers earning at least $60-70kpa and US ones working with much harder tenants, way more…[Read more]

lawsjs wrote:
I am up to my neck in the reality of management right now; I'm in LA fixing up the last 3 months worth of spot fires. Gross yields are nothing but pie in the sky and net yields mean less than stuff all unless you are talking over 2-3 years. And even then I don't trust what I see on paper. I could give you a 60% cap on the 'right'…[Read more]

Hello lilhazel,Slow down mate….we are not in the buttom of the market nor on the top of the market either.I say this to newbie investing in property, get your education first. Attend few seminars and read a lot of books.Why attend seminars and read books????  That is where you will learn the fundamental of investing in real estate.Investing in…[Read more]

jnaumovski wrote:
my key goals are purchase low-cost/affordable properties up to $250,000 each in high growth potential areas that will provide positive cash-flow for the long term.

Traditionally, high capital growth IP are mainly located in metro area and regional areas provides positive cash flow returns…to achieve both would be a gold…[Read more]

US and ROI is fantastic!!!

15 months ago, I did contemplated doing this but my mortgage broker warned me that the interest in personal loal is between 12-14 percent. Therefore, your US IP should be netting at least 14% to break even. Now, the killer joy here are the US bank transaction fee, international transfer fee, and the fluctuation on the interest rate….certainly…[Read more]

You will pick up some ideas from this free seminar but mostly they are introductory topic…then they will ask you to sign up for their program which cost a fortune. Think of it like an entree, they will serve you the main meal and dessert when you become a member.

Hi,Sounds interesting to me…I'm based in Sydney. Where about you guys are located?Cheers

lawsjs wrote:

jayhinrichs wrote:
LET THE BANK TAKE THE PROPERTIES.

Just spoke to my PM in Atlanta few days ago, very lovely lady and quite hilarious. One of the many things that I recall from our conversation was US Banks are more cautious and wanting substantial deposits and settlement could take more months to finalise..,..its naturally…[Read more]

jcar11457 wrote:
Since the tenants are moving out and we are under the pressure of carrying on two mortgages,

Was there a possibility for the IP to be rented out back in the market?

Catalyst wrote:

DHCP wrote:
It would be a challenge to know the exact amount on how much you've added to the value of your property before you  reno the property …usually you do this after the reno is done.

If you don't know what the value will be after you do a renovation you should not be renovating. You NEED to know otherwise you don't…[Read more]

If the labour costs are factored into the costs, the profit might be even slimmer?  My guestimation of the profit could be between 5-15K, but that's without including your own labour cost. I agree it is hard to make a profit in the current market condition.  Not factored into the equation also is the CG of the property?Was the plan from the s…[Read more]