Leonard,Just as an FYI, I tried your website also and it doesn't seem to work other than the "Home" page.We supply most (not all) of the Australian agents with properties as an asset manager/wholeseller, and most of the successful ones have a pretty simple structure A-B-C that shows the properties, all costs, and how the process works, and aren't…[Read more]

Hi Dennis,That's a valid question, and I think you'll get as many different opinions on here as you will find number of investors…Personally (as well as us as a firm) I like it, IF you are able to buy the right property in the right area, and make use of the generous Section 8 rental program.Detroit really isn't all it's made out to be – it has…[Read more]

TroyThat sounds like an interesting, albeit very unusual, product.As Jay stated, we also work with both US- and non-US buyers, and even our American clients don't get 90% loans.What is the lender looking for, in rough terms, both from the investor and the deal itself? We would probably have clients that would be interested in knowing more about…[Read more]

HankieRich,The only real reason (in my experience, although I'm no accountant) is that a Corporation is "capped" in the amount of tax it pays (whatever the Corp tax rate is in its home state) although the paperwork is a lot heavier, so it usually only makes sense for larger deals, most likely not for just a few properties.An LLC goes against your…[Read more]

RickH,Thanks I'm interested in learning more about Kansas City, as I believe it's very similar to other cities we operate in, and it looks to have worked well for you.HighIncomeProperty@Gmail.com

Jay,I will check out the link, however, I don't share your views on the Florida land opportunities. Partially yes, there's a ton of land inland (pretty much any county not on the coast) where land isn't worth anything at all.The Cape Coral (I think that's what you meant when you said Coral Gables, which is an area in Miami) area still has very few…[Read more]

Just a quick note here – as far as I know (and we sell large quantities of renovated homes to first time (American) buyers every month, all lenders will require a minimum of 90 days seasoning. We've heard of banks that say they'll start waiveing it now and there's no law/rule that mandates the seasoning, but the lenders themselves usually impose…[Read more]

I think the choice between a buyers agent vs. going "on your own" is going to come down to how much time you want to/is able to spend on the property purchase. When using an OZ agent, you just want to make sure that all info is disclosed upfront, and that you don't get "pushed" into paying a huge premium for a property. I don't want to hang out…[Read more]

Cheryl,We are not really active in Tennessee, but we have a lot of Australian and other international investors that seem to run into this.It seems that the trick is to give the name of your LLC and the registered address in the US + the EIN number, which should get you set up. Sometimes if you tell them you're not based here, they'll…[Read more]

I have been away from the forum or quite a while, always find it interesting to check in every now and then.The scheme Jay is talking about, although I'm not familiar with the particulars (never even been to Oregon, one of the few states I haven't) is something that sophisticated investors might want to look at. We've had a decent number of…[Read more]

Hi trhia,Sorry I did not respond to your post – hope it hasn't been on here for long. I only checked in because I saw that Detroit Dan had made a recent post. As far as "is this the time" – absolutely, with the AUD very strong compared to the USD and with some incredible yields – you bet this is the time.We can recommend accountants, are you…[Read more]

Message sent:-)HighIncomeProperty@Gmail.com

Wow, it didn't take much to trigger the <Delete Advertising> on that one! All I was saying is what we do and where, but fair enough.I would say, from the mid $30'S, you can get a property with a yield of 12% net P/A in those cities, better I say nothing more HighIncomeProperty@Gmail.com

hey,Which link are you referring to – the one from Yahoo real Estate to the house on Campbelltown Rd? It's the same thing – also a monthly rental amount. The MLS allows for listings of both rentals and sales!As for buying into the United States – you bet it's a good time. <moderator: delete advertising>HighIncomeProperty@Gmail.com

Hi Wobbly,First of all, I need to point out that I do this for a living, so I've probably been able to spend a lot more time on it than the "average" investor ever would. Finding the right management takes time, but when it happens – it just makes your life so much easier.A good management company assist us in finding tenants, collecting- and…[Read more]

I might be pointing out the obvious here, but the first link referenced in the original post is for a one-month rental. While prices have fallen nationwide, it's certainly never going to get that bad:-)HighIncomeProperty@gmail.com

To initial poster:I'm sorry – I didn't realise you were just copying the article – so my response is really just general feedback to the writer, and not to you – I should've looked a bit closer:-/

Hey,I haven't been on here in a while, but I just feel like I need to reply to this post….I can fully understand that everyone's experience when investing in the US is different, however, it seems that you have had a lot of very unusual things happen to you, that would not be the norm for any international investor. We have worked with MANY…[Read more]

Fully agree with previous poster – there's A LOT of that going on in Australia, some companies seem to do it more than others.Just do your homework would be my advise also

I think they're two different assets entirely, and it shouldn't neccessarily be one or the other. Keeping a diverse portfolio is always a wise idea, to hedge against market swings etc.I have to agree with what Anthony is saying above, that both:a) The U.S. market usually always recovers, although it might not reach the levels we were at in 06/07…[Read more]