white_goodman wrote:
how much are the fees then?

Hope your answer is forthcoming. Mine was:

$3300 + $740 + 2.5points of the loan so = $5000 + and then 9.75%.

I will keep my thoughts to myself and let everyone make their own judgement. This should be a forum of honest exchange of information.

Rosa Tong wrote:
I know there have been a  lot of discussions about buying in the US and I have a few questions regarding the structure of purchase.1. Does the LLC need to be incorporated in the US?2. are there different LLC requirements by state?3. Can you have a LLC as a Trustee of a trust and if so does the trust have to also be incorporated…[Read more]

RickH wrote:
cash out ?? please explain ?

Refinacing existing US properties paid for by cash.

However, the offer, which I thank you for, cost about $5K plus in fees at 9.75%. hmmmmmm. Think I pass

Rosa,

My advice, its worth what you paid for it, is don’t……………….

You got to be absolutely nuts to take a personal loan to buy US property. You will never get enough net return to be even close to an even cash flow.

World gone mad… greed rules………………… crazy

RickH wrote:
Spuking is self promotion to drum up business. To be honest there are alot of you doing it. anyone putting the company name and email address with the types of comments like" if you want to invest in this area ….call me " that is self promotion. These forums are for people or investors personel experiences. If you wish to detail…[Read more]

Reformed Sceptic wrote:
Hi everyone.  I have never been on a forum before but have watched all the comments about investing in the usa over many months so thought I would make a comment.  It seems a lot of people have opinions what's good and bad about USA.  Last year I saw RickH say he could get finance in Kansas or I think anywhere in Am…[Read more]

Loans USA wrote:
Troy: I agree, financing in the US is completley different to Australia. Just to bring you up to date, Loans USA do not only limit loans to purchasers of their own property.

Leo: An LTV of up to 75% is highly achievable in the US. In states and suburbs where properties are in the lower price bracket LTV achievements of up to…[Read more]

Hi Vincent,

While interested in US property I think, obviously my thoughts only, that you tend to simplify it a bit. Could be wrong but having looked for a while the below sounds a bit to good ….. A lot of the sales data is questionable anyway.

Anyway, are you able to provide the address on below and confirm that this is actually renting out…[Read more]

Vincent,Great post!RegardsHenrik

vselleck wrote:
Hi Henrick and MichaelI have been delighted to be working with Michael and Bronwyn as one of my US Agents. Their experience and specialisation in the Atlanta area are a valuable link in our US chain of agents. I have also entered agreements with several other US agents, with access to properties throughout the US, including…[Read more]

Micheal,Another question, looked at Vincent's site http://www.888wealtcreations.comThe information he has is identical, same house, as to one of the deals you mentioned in your blog that you are doing? What's the story here…"purchase price with net rental returns exceed 20%. We advise buying large,family homes built after 1990 – these have much lower…[Read more]

Hi all,I would really be interested in the areas people are investing in or looking to invest in. I have looked at WNY for high net rents and Florida, Orlanda, for capital growth.Michael and Bronwyn are obviously in Atlantaby the way I tried, and paid, on http://www.bankinginus.com for an LLC Delaware setup but think I got scammed!!

Hi Michael and others,

This is a great site. Wish I found it earlier but thank God not to late. I have been researching for a month and ready to pounce. Still to read all the info here.

I initially got interested through one UK website http://www.brennanproperty.co.uk which was NY state (Buffalo, Rochester etc) and rental returns of 16-25%. They have…[Read more]