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  • Profile photo of EngeloRumoraEngeloRumora
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    January 2, 2014 - 11:06 pm

    Ok cool.

    Thanks Jamie

    Happy NY to all hehe

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    Profile photo of EngeloRumoraEngeloRumora
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    December 29, 2013 - 3:48 am

    What is a "property sourcer"?

    Like a buyers agent?

    Thanks

    EngeloRumora | Ohio Cashflow
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    Profile photo of EngeloRumoraEngeloRumora
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    December 22, 2013 - 11:18 pm
    jayhinrichs wrote:
    Is this like the tulip craze in 1700

    Could be haha

    EngeloRumora | Ohio Cashflow
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    Profile photo of EngeloRumoraEngeloRumora
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    December 19, 2013 - 10:01 pm
    Ben Gray wrote:
    Bitcoin has some stiff competition – Dogecoin :)

    http://www.businessinsider.com/what-is-dogecoin-2013-12

    hahaha

    EngeloRumora | Ohio Cashflow
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    Profile photo of EngeloRumoraEngeloRumora
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    December 18, 2013 - 1:15 pm
    Ben Gray wrote:
    I was googling info on USA property investment loans for foreign nationals and noticed this thread was pretty out of date! :) I wanted to revive it and provide some updated advice for people who stumbled here but are really looking for current info. So…

    As you can read; two years ago there were challenges for foreigners obtaining finance in the USA, these days (Dec 2013) it's pretty easy to be honest.

    While there are still plenty of options for financing through private lenders, hard money lenders, vendor financing, etc  (typically referred to as "non-bank" loans). It's quite easy to get financing in all 50 states through regular old banks at terms not far off what is offered to US locals. Expect to put down a sightly high 25%-50% downpayment, but otherwise the rates will be decent a 4-5% or so and the term length 10-30 years.

    Rates on the 30 year fixed rate mortgage dropped since the GFC to a low of around 3.3% in the middle of the year (2013) but have been rising over the last 6 months or so. You can see a nice graph of this here http://www.barchart.com/economy/mortgageallrates.php  No guarantees what will happen in the future, but lots of smart investors are betting on higher rates going forward. 

    Thanks Ben,

    There are quite a few lending options now available in the US for foreign nationals through different sources.

    Thanks and have a great day.

    EngeloRumora | Ohio Cashflow
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    Profile photo of EngeloRumoraEngeloRumora
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    December 18, 2013 - 1:13 pm
    Ben Gray wrote:
    It's happening all over already :)

    http://www.newsday.com/business/man-willing-to-sell-southampton-home-for-bitcoins-1.6630568

    http://www.foxnews.com/us/2013/12/14/vegas-developer-selling-785m-mansion-for-bitcoin/

    http://singularityhub.com/2013/04/10/man-puts-house-in-the-canadian-rockies-up-for-sale-in-bitcoins/

    Loads more stories on this if people care to google around…

    Bitcoin could be the next major world currency, or it could be a failed experiment, or something in between. Lots of spirited debate on that point :)

    Here's a Bitcoin fund that took in 65Million in funding in 2 months – http://www.reuters.com/article/2013/12/11/us-etf-bitcoin-secondmarket-idUSBRE9BA15520131211

    For people who have no idea what the hell Bitcoin is, here's a good infographic to get you started – http://www.visualcapitalist.com/wp-content/uploads/2013/12/the-definitive-history-of-bitcoin-infographic.jpg

    I actually attempted to mine bitcoins about 2 years ago and was pretty unsuccessful. Had I known what I know now I would have tried much harder…

    Thanks Ben,

    It definitely looks like its taking off.

    Non stop news on the topic. Ever newsletter I get and pretty much every where I turn I see new Bitcoin something haha

    Thanks

    EngeloRumora | Ohio Cashflow
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    Profile photo of EngeloRumoraEngeloRumora
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    December 17, 2013 - 11:13 pm
    Jimmy86 wrote:
    Cameron Winklevoss: Bitcoin Might Hit $40,000 Per Coin:

    http://mashable.com/2013/12/16/cameron-winklevoss-bitcoin/#!

    Wouldn't it be great to know a few celebrities, buy some BCs and then get them to jump on reddit and speculate the sh!t out of it…

    #winning

    haha

    Pump and Dump lollol

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    Profile photo of EngeloRumoraEngeloRumora
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    December 13, 2013 - 9:51 pm

    Just got some BC and sent to litetree.com

    Gonna trade them for Litecoins lollol

    Hey Freckle,

    You have a lazy 190 BC laying aroun? haha

    http://www.bitpremier.com/

     I am trying to list a house I own in Rochester New York on their waiting to see if they will approve haha

    Thanks

    EngeloRumora | Ohio Cashflow
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    Profile photo of EngeloRumoraEngeloRumora
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    December 11, 2013 - 1:16 am
    Nigel Kibel wrote:
    You mean more beneficial to them because they make more commission lol

    hahaha

    Thanks Nigel.

    I got my wording wrong lollol

    EngeloRumora | Ohio Cashflow
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    Profile photo of EngeloRumoraEngeloRumora
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    December 10, 2013 - 10:00 pm
    jayhinrichs wrote:
    I wonder if ths would work… A nominee that is state side is included as a non owning member of the LLC  and then gets the checking account. after a little time. this person resign's from the LLC and is taken off the the bank accounts signature card.. this happens all the time when business are sold or people come and go.. there by leaving the aussie investor as sole owner and only one on the account… Just spit ballin here

    Hi Jay,

    We looked into this option.

    I was going to be the nominee. I got advised by our attorney not to do so as I could be exposed to issues later down the track if the LLC was to have any lawsuits.

    Thanks.

    EngeloRumora | Ohio Cashflow
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    Profile photo of EngeloRumoraEngeloRumora
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    December 10, 2013 - 9:56 pm

    Bought in at $880 haha

    Will trade in for Litecoin and sit on those things haha

    I missed this stuff.

    Last time I dabbled in stocks was 3 years ago.

    Bought Qantas shares.

    They look cheap now again hehe

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    Profile photo of EngeloRumoraEngeloRumora
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    December 9, 2013 - 10:15 pm

    I have been to a few seminars a couple years back.

    They where selling of the plan property back then and saying how its more beneficial compared to any other investment.

    Thanks.

    EngeloRumora | Ohio Cashflow
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    Profile photo of EngeloRumoraEngeloRumora
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    December 9, 2013 - 1:43 pm
    Redwood wrote:
    "Do Disney tickets count as necessary expense?"

    hope you are being sarcastic there!

    Hahaha

    Why not lol

    Claim it haha

    EngeloRumora | Ohio Cashflow
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    Profile photo of EngeloRumoraEngeloRumora
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    December 8, 2013 - 10:07 pm

    hahaha

    I want LTC at $10.

    Its stupid as the only way can buy LTC is if you buy BTC first and trade for LTC.

    What a joke mate

    on another not

    what should I do with http://www.litecoinadvisor.com ? haha

    I was thinking to put up some general info and have a "Donation" button or something haha

    Like that kid at the rally with his Bitcoin wallet code and he got $24,000 worth of dontations haha

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    Profile photo of EngeloRumoraEngeloRumora
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    December 8, 2013 - 8:07 pm

    Ill stay put for a bit and wait.

    Should tank more than jump in a get a few LTC and then flog it off when some country says they approve it hahahaha

    Should be fund.

    Come on red hahahaha

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    Profile photo of EngeloRumoraEngeloRumora
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    December 8, 2013 - 5:55 pm

    Hey Freckle,

    What price to get in at?

    I would be keen to buy a couple thousand dollars worth and trade straight away for Litecoin.

    I don't gamble but for some reason am keen to dabble on these haha

    Thanks.

    EngeloRumora | Ohio Cashflow
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    Profile photo of EngeloRumoraEngeloRumora
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    December 6, 2013 - 10:49 pm

    Hi Jeff,

    Thanks for your post.

    That exact thing happened to our group on 2 separate occasions. Its just a matter of moving all account to the new bank. Where there is a will there is a way and where one door closes another opens. We found that most of our investors feel most comfortable when they and only they have complete access to their accounts.

    There sure are some great numbers in KC.

    There are many flooding to Ohio at the moment also.

    Thanks and have a great day.

    EngeloRumora | Ohio Cashflow
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    Profile photo of EngeloRumoraEngeloRumora
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    December 6, 2013 - 7:05 pm
    S wrote:
    Norwegian man buys apartment with forgotten $27 bitcoin investment.

    A Norwegian man who purchased $27 worth of bitcoins and then promptly forgot about it for four years, was able to buy an apartment in central Oslo thanks to the massive appreciation of the virtual currency.

    In 2009, Kristoffer Koch was doing research on encryption and on a whim decided to invest 150 Norwegian kroner ($27) in the recently created bitcoins, a means of payment over the internet.

    Koch, now 29 and working as an engineer, only remembered the investment in April this year when he read an article about the soaring value of bitcoins.

    His 5000 bitcoins were suddenly worth about €500,000 ($725,600).

    After spending a full day trying to remember his password, Koch cashed in 1.1 million kroner ($197,000), by selling a fifth of his newly acquired fortune.

    After deducting 28 per cent in taxes, the money was enough for the down payment and restoration of a flat worth 2.6 million Norweigan kroner in central Oslo, one of the world's most expensive cities.

    Bitcoins can be exchanged for real money or used to purchase goods and services online.

    The virtual currency is increasingly used for internet transactions and its value is extremely volatile, subject to speculation.

    Rest of story in link below …..

    http://www.smh.com.au/digital-life/digital-life-news/norwegian-man-buys-apartment-with-forgotten-27-bitcoin-investment-20131030-2wfhj.html

    Great story lol

    Thanks for sharing

    EngeloRumora | Ohio Cashflow
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    Profile photo of EngeloRumoraEngeloRumora
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    December 6, 2013 - 2:54 am

    Supposedly most banks are starting to warm up to the idea.

    China pulled back a bit today on the whole idea tho.

    Every piece of news I get in my inbox is about BTC and LTC lollol

    Media is gone crazy about it.

    Could be a big bubble.

    My preference is Litecoin at this stage. I believe its eaier for them to go to $500 USD than BTC will double to $2000USD

    Thanks

    ps. Freckle take over haha

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    Profile photo of EngeloRumoraEngeloRumora
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    December 4, 2013 - 11:13 pm

    What a process it is to get an account to buy either Bitcoins or Litecoins with cash.

    It is pretty much impossible lol

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