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  • Profile photo of dougieQLDdougieQLD
    Member
    @dougieqld
    Join Date: 2011
    Post Count: 6
    May 7, 2011 - 6:53 am

    Im a very proud aussie but also love the US and what it has to offer life style wise. Given that i would love to live over there long term someday.. would it be a good idea to buy property now? i can buy 3 homes over there with my 1 here?  would life be easier?

    Profile photo of dougieQLDdougieQLD
    Member
    @dougieqld
    Join Date: 2011
    Post Count: 6
    April 13, 2011 - 4:28 am

    Thanks everyone for your posts i greatly appreciate it.

    im still hunting for work and fortunatly im picking up some here and there.
    US property did come to mind since our dollar has sored and the flat property market over there. i have strong feelings US soil is a great investment but still unsure how long a wait be before selling and reaping the rewards. And also how do u go about purchasing and renting a property over there.. do i need a visa?

    Jamie.. i was most excited about your post though.. haha  but i still believe the intrest gained from my cash would not support me over there.  Great idea though.. maybe if i save another 200k :)

    cheers,

    dougie

    Profile photo of dougieQLDdougieQLD
    Member
    @dougieqld
    Join Date: 2011
    Post Count: 6
    March 28, 2011 - 11:27 pm
    Scott No Mates wrote:
    What sort of management rights? Rent roll, strata or holiday lettings for a building? You need to hold the appropriate licence.

    Hi Scott,

     

    I have been looking at Permanent Management Rights in Centres in and around Brisbane. They involve Residing onsite in your own unit while managing the grounds and rent roll of other units.

     

    I have had NAB pre approve us to purchase up to a 3Million dollar complex when borrowing against equity in our existing property. To someone who doesn’t even use a credit card this is quit an overwhelming loan. But people in the industry have been reassuring me it is the norm to hold such loans against these business due to the cash flow stability of them.

     

    My question is directed really for someone who has done this all before and has some advice on what can go ‘wrong’ not just what can go right so I fully know what to look out for.  

     

    Buying off the plan. Is this a safe option for a new comer?

    Am I being cocky and sticking my neck out too far with the dept?

    Once purchasing a complex will the letting pool fall into a spiral thus devaluing my business?

     

    Just some of the questions I have…

      

    Cheers,

     

    Doug,

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