dhillon2 wrote:

Hi Engelo, sorry, have we met? Were we meant to meet up sometime? :)
Are you Zach’s friend?

We haven’t

I was just referring to fellow Aussie’s being together in the US and never catching up hehe

I’m still stuck here lol

Thanks

jack wrote:

Hey Kevin & Dani,
Thanks for choosing to give back :)
I want to do my first deal in the US soon and would appreciate any advice. I’m currently in the research phase. The areas that I’m mainly looking at is Austin and Dallas Fort Worth though I’m flexible on the location. I’ve been to most of the major US cities.
I’m thinking either of buying a multi family house, renovating it and then flipping it or doing a small apartment building development from scratch.
My question is which city would you recommend looking at for the best opportunities for short term flipping and any suggestions generally on getting started doing this in the US.
Cheers

Looks like we missed each other in the US

I’m still here and plugging away lol

Also, moved for real estate

Fast forward 6 years and 500 deals later, time are good

Amazing opportunities here for those that want to work for them

Many pitfalls tho as it’s much shadier than in Australia

Thanks

Kazek87 wrote:

Hi Everyone,
I am an Aussie living in Australia. However, I have a property in Kentucky, that is worth about $50k and can be rented out for about $120-$150 pw. I own the property outright with no mortgage. I am very, very new to real estate investing and am not too sure what to do. Should I sell the property and bring the cash back to Australia to invest or should I use the equity in it to purchase another rental property?
What are some strategies I could use? Any help or advice would be greatly appreciated.
Kane

“Best time to buy is now and best time to sell is never”

If the property is producing cashflow without issues then just hold and buy more.

I’ve been based in the US for 6 years now and have done over 500 deals

Mostly renovating and selling but that was for the purpose of building up enough capital to buy and hold.

Cash is King and cashflow is Queen :)

Much success

Jay,

Emma helped me with my Bahamas purchase.

Introduced me to key people and gave me solid advice.

She is awesome :)

Caleb wrote:

Hey there,
I’m brand new to the forum. I joined because I really wanted to learn more on the topic ofoverseas investing, particularly an American investing in Australia.
I am an investor in the USA (specifically Florida). I have closed many deals by wholesalingproperties. I am currently living in Australia for the year and I am wondering what the laws are forwholesaling in Australia.
To be a bit more clear, what I mean by wholesaling is signing a contract for the equitablerights to a property, and then assigning that contract to someone else and collecting a wholesale feein the middle. Is that legally possible here in NSW, Australia?
It would be really great to receive knowledge from someone who knows the major differences betweenthe USA and Australia in terms of real estate investing.
Thanks,Caleb

Keep investing in the US mate, the Aussie market is to hot IMO.

I wouldn’t touch it unless it drops by 50% lol

Just my opinion :)

I have known Nathan on a personal level for years now and actually worked with him while Binvested was still in its infancy stages. I can comfortably say that even behind the scenes, Nathan genuinely cares about everyone’s success.

The operation he runs isn’t a money pinching gimmick and I think that his results speak for themselves.

His timing and strategy have been spot on now for 10+ years.

Thanks and much success

I love myself a little bit of D-Town haha

Thanks for your reply Nigel,

I appreciate your response and with all due respect I wasn’t offering any dealings to you in the “bottom of the market”.

Just stressing facts about my neck of the woods just like you do about Florida.

Have a great day.

Nigel Kibel wrote:

The fact remains that there are far better places to invest than Detroit. To me a state like Florida offers solid population growth and a stable economy. So why would you risk putting your money into Detroit?

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Thanks Nigel,

Success when investing in real estate(especially if out of state or country) comes down to the people on the ground and not the stats and demographics. There are pockets of Michigan that are still very very desirable and have felt minimum impact from the GFC.

The numbers work great and as long as you have the right people on the ground, you can do very well.

I am not one to plug my area of business but I can say the same thing for Ohio. There are pockets here that no other state can match when it come to ROI. To be honest, Michigan offers even better numbers than Ohio.

Thanks and have a great day.

• This reply was modified 9 years, 8 months ago by  EngeloRumora.