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Hi Taylor,
Thanks, would be good to catch up soon.
Engelo
EngeloRumora | Ohio Cashflow
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Hi BMW,
Thanks for your reply, I spoke to a few agents, locals in the area and just got of the phone to council. Rentals are in high demand and there is a lot of people looking at the moment so yeah thats what I was told.
Regards,
EngeloEngeloRumora | Ohio Cashflow
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I saw a video on youtube on the Chinese drywall. That stuff looks mean.
EngeloRumora | Ohio Cashflow
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CheevesFinancial wrote:Yes, agree management is the most important piece. That is why you need a team you can trust. Also the rules and regs that you are referring to are Fiduciary Responsiblities. I am a wholesaler, but most importantly I am a licensed real estate broker. All of our contracts are sold with OUR firm as the seller. In the biggest disclosure EVER, we write LICENSED REAL ESTATE AGENT. It's a requirement by law to disclose. That said, we have fiduciary responsibilites to our buyers overseas.Yes, some wholesalers do not have licenses. Nothing to lose! Those are the ones to be weary of. IMO
Team, Team and Team is so important. The people on the ground either make or break your investment.
EngeloRumora | Ohio Cashflow
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Or just buy a cheaper island and build a smaller house hahahaha
Kyler, I will joint venture you in the deal with Michael? hahahahahaha
EngeloRumora | Ohio Cashflow
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Hey mate,
Congratulatios on your buy. I will let the US boys answer if they think its a good deal. Make sure you deligate a great property manager as they will be the key to make or brake your investment.
Thanks.
EngeloRumora | Ohio Cashflow
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Pretty cool. Can you build on it? How far from civilization? haha
EngeloRumora | Ohio Cashflow
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Agree with Richard.
Definetly wouldnt be investing to minimise tax. Investing in property should be puting money in your pocket every month not vice versa. You can only buy so many negatively geared properties before the bank shuts its door.
EngeloRumora | Ohio Cashflow
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Most of the housing commision has an owner occupier clause. I think you missed the boat for Orange has already had decent growth in recent years,
EngeloRumora | Ohio Cashflow
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Debbie Downer hahahahahaha
I love that one
EngeloRumora | Ohio Cashflow
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Freckle= Legend hahahaha
That guy smashes everyone.
Very entertaining stuff.
Its good to see some negativity also. I agree there is a lot of pumping like " I do this and I do that" so I also better start with the ''I do's"
Enjoy your day.
EngeloRumora | Ohio Cashflow
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Jack you legend, your back hahahaha.
How is your business going?
Hoping not to go broke but if I do, I will def learn from the experience.
You changed user names?
Its good to see people still posting on our heated discussion haha
Send me an email and ill tell you the deal im currently working on, I think you will like even tho your Jackflash hahahah
EngeloRumora | Ohio Cashflow
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Its an interesting video so I thought I would share.
Thanks for your comment tho
Freckle wrote:engelo10 wrote:http://www.cnbc.com/id/46538421/Hi all,
Just a bit of entertainment for you.
I would definetly put my money were this guys says its good to do so.
Regards,
EngeloThen you know little about Warren Buffet and are simply parroting what the media says. Buffet doesn't give a hoot about property other than it's in his personal interests to talk up the US economy. Much of his commentary is not taken seriously by mainstream economic commentators. Buffet is more of a 'story' these days as opposed to some oracle. His investment company (Berkshire) accesses investment deals and has them structured favourably in ways only you and I could dream of. If you read his commentary and watch his interviews they're all about promoting and talking up his many investments. His comments are subjective and considerably parochial and shouldn't be taken seriously by the average small time investor. His investment philosophy and strategies in the early days of his career on the other hand are well worth getting one's head around. The Freckle
EngeloRumora | Ohio Cashflow
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Doesnt matter how much income your are earning I wouldnt recommend negative gearing. I would be happy to pay $1million in taxes cause that would mean I am also earning $1million. Plus the more negative geared properties you own eventually you will get to a stage were finance will be impossible to get due to you having to fork money out of your pocket to cover the loans.
EngeloRumora | Ohio Cashflow
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Thanks for your post Jay,
Looking to load up as much as possible.
EngeloRumora | Ohio Cashflow
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No worries guys,
I thought it was a good one.
I consider Buffet to be the best investor of all time.
EngeloRumora | Ohio Cashflow
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As you have already mentioned a strategy that has worked for me is buy below market value, manufacture the growth with a renovation, rent the property, then refinance, pull out equity and repeat same process again. If you can find deals that after you refinance are neutraly geared you can keep buying more properties and they wont cost you anything to hold.
Also, I see capital growth as a prediction. We dont know were the market will be 2moro.
EngeloRumora | Ohio Cashflow
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Hi Stu,
If you PM me im also happy to share my experience of buying in the US.
Engelo
EngeloRumora | Ohio Cashflow
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CL1706 wrote:Like a couple of people here, I am heading to the USA in late March with a view to spending two weeks in a city, and purchasing two or three properties as a starting point. Are there people here who had genuinely done this and made it work, and are willing to talk about it? Please direct message me if you have experiences (positive or negative), or are heading to the USA and would like to form a bit of a 'discussion group' prior to your trip. Please don't contact me if you're trying to spruik your business.Hi CL1706,
Unless you are going over to the US and staying for good I doubt you will be able to establish a good team in such a short time. To find trustworthy people can take a while. Most of the boys replying to your post have fantastic teams on the ground and know there preferred areas like there back pocket. I havent used there services but I wouldnt have any problems paying for there margin as long as I know the invesment is a good one. The no margin $$$ can be made when going there to live and doing it all urself but even then it takes time to set up the right people and systems.
Donald Trump said " Business is easy, people are difficult".
EngeloRumora | Ohio Cashflow
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Kyler,
Whats this loan you got going on? Get on Facebook so we can do a video call hahaha
EngeloRumora | Ohio Cashflow
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