Mick – wow… staging furniture – a higher end market than I'm used to … However – if this is you… do this.. PUT SOME BIG STICKERS ON EVERY ITEM SAYING THIS ITEM IS MONITORED BY A GPS TRACKING DEVICE….Next – put cages on the a/c units if they get taken (although if Phoenix is like Vegas they are roof mounted and not so much of a concern) and…[Read more]

Aaaaah the voice of the war wounds….BUT BUT BUT – you are missing something fundamental… the type of person like me….I am talking about the type of person who, whether they were in Phuket, Singapore, Darwin or Tunbridge Wells would pick up a real estate magazine and start crunching numbers…. then just for giggles start looking…I know, a…[Read more]

Traveler's is who I usually get back to in any state…your premiums will be identical to US investors so no fear there but if you have a claim – you will be SCREWED…My rule of thumb is and always has been, if it is under 5-10k, you are probably WAY better off NOT claiming it because you will increase your premiums on EVERY property that you…[Read more]

No I agree – most people aren't huge fans of having vast funds in someone else's account but it is a fantastic problem for you to have = )Most property managers I know DON'T charge a fee if you do it either regularly or with a minimum amount etc…Of course no one has EVER heard of people running off with funds from trust accounts (Madoff) but…[Read more]

Again…. xe.com is about the only one that I know of OUT of the US but you do have to sign up for the account. Ultimately for those without US bank accounts and using this for rental income – alternative would be to keep the money at the brokerage trust account and your property manager can wire back at your whim.

Actually, really… If he is out there reading this it would restore a LOT of faith in humanity.

Dubstep…. Fab idea…. Someone forward to him

I always tell people to look at a comparison snapshot of eleementary to high schools for demographic shifts. Fascinating for transitions.

Concur with Freckle…. Xe.com seemingly. Only way if you are with Wells Fargo etc. I had run a survey of our guys for the answer… It was unanimous. You will need to set up an account.

Is there an R/E professional anywhere here without umbrella insurance? I think my earlier posts were on that theme….. mind you, again, if heightened concern – whack it all on….. will eat yield but still. I said several but I think it is 5 LLC’s and took most out because the huge consideration is refinancing – for a US person anyway – sorry…[Read more]

Jay It gets back to why I chose Vegas in the first instance – sad but true….workers unite in Vegas (1.8 million toiling for the decadence of predominantly white and asian playground for 40 million adult visitors a year don't have much time to slack off so long as you stare hard at them in the first instance)….- again, so so so so so true…[Read more]

Mihovi
I with you – 14 million%%% – gets back to ASSUMING you are being ripped off by anyone selling you anything other than a property off the open market and simply work out HOW. In that process you will learn 40,000 times more about the US market than the spruiker trying to sell you.

Richard could write a book, he literally knows more about…[Read more]

Further – without making the cultural divide seem like a chasm – I have a fundamental belief that Australians rarely genuinely meet people in Oz (and I am making such SWEEPING generalizations) who absolutely and without hesitation are out to scam you. As in, literally stand there and promise you the earth and in the precise same breath are not…[Read more]

Well realistically every house is a slow flip in a healthy market……

They have put in laws to try to prevent the fleecing – but it is circumvented by using LLC’s – remember all those seminars where they say “asset protection in the same breath as LLC – or “we set up an LLC for you” or “we secured this great property” or or or….. ….…[Read more]

Jay…….

Actually no, ………… – there is another “rent to own” scenario that is DEFINITELY not vendor financing and is quite clever…. it goes like this (and is pretty genius AND gets the property owner quick funds – but what you would buy with the $$ is another matter in a rapidly increasing market)

FHA loans exist right now with 0%…[Read more]

Several!!, what line of law or accounting are you needing?

Gavin… Given the story is as I know it, I would say that those that are sitting smugly may yet learn something about Andrew Allan’s lack of any real US real estate knowledge and literally understand why this isn’t just a story that highlights the flaws but a MUST for preventing them. Guys… Please let Gavin explain…. It takes a sugar load of…[Read more]

I agree with most of what you say… Especially the simplicity in essence of real estate… I think for me the support stems from the absolute and I mean ABSOLUTE knowledge that he HAD in his mind done due diligence and that was and is what makes me furious… But for this forum and one other there is NO ONE out there talking about HOW to do due…[Read more]

LLC…. only method of avoiding title cooling periods set up by many states to stop flipping…. So, if you do not know who will buy the property that you are flogging, you simply purchase under an LLC, then find some gullible foreigner willing to pay your hyper inflated prices and cleverly even make them pay for the very LLC that allows you…[Read more]

I know I used the word abhorrent and still haven’t made Internet fast enough to watch but I just hope that people realize If the person who is your GURU is only focused on the front end sale, has never lived in these cities (good point on legality to reside in the US) what on EARTH is their level of concern on the backend when the real woes…[Read more]