the distinction
for us underwriters of your employemnt would be if your work for the company your an employee if your self employeed and work with he company on a contract basis then your underwriting and qualifing guidelines are different vis a vi a US loan

Streamline I hope you used blue ink 

Nigel now we are on the same page its the same reason I owned all aspects of my company….

Its called the Dodd Frank laws.. With very few exceptions all banks have to run under the same rules.. You have the Patriot act, and Dodd Frank.. It used to be commerical and portfolio banks were exempt for most of the rules. But this year they are having to conform. I got my first letter from my commerical bank I have been dealing with for 2…[Read more]

I like Kokomo In as one… but 30k homes will rent for 500 to 600 not 750. and they will always be the same value.  

Kyler just to set the record straight here.. David  has never referred anyone to me for any reason.  And I do not sell any rental houses to any investors. Other than I sold my interest in TWH and the 350 homes we owned to my ex partner in Oct.  I build new homes and sell them to homeowners and I lend money to US investors short term and I have a 5…[Read more]

In theory I can see why you would do this.. However I can absolutely 100% guarantee that your cash flow will not be what you think it will be. And you will NOT find good quality tenants that WANT to live in 30k houses.. Plain and simple end of discussion.

Now with that said… You could find those types of homes possibly in smaller cities in the…[Read more]

tommy,, has
nothing to do with options.  as I surmise the note bizz is just not well known in AU.and or understood as an investment vehicle.

Engelo  not sure where i read that. But I just watch a HBO special on China and holy Shit

entire towns of 10 to 20 thousand vacant high rise apartmetns units. the developers in jail ( soon to be shot) in the US we just put them in club fed.

At the end of the day Au is a different animal it wont feed on its self like the US..

and why is that.…[Read more]

Engelo, call
me before you buy notes in Ohio….there are things you need to know that states is not as simple as others

Erik

I brought a note model to the AU audiance a few years ago. and it is not well recieveds in AU and NZ from what I have seen they do not trade in Notes and think of them as investments like we do in the US.. AU investors are far more interested in the highest possible % return and Capital growth.. they are going on what they know.  And what…[Read more]

Rosa, is what we are
reading over here in the US about a potential RE bubble in AU  starting to happen in your mind?

Streamline your just now finally going through the underwriting process. your loan will NOT be approved until all of the conditions or Stips have been met. Your in pre approval limbo right now… forge on everyone is waiting for you to land this financing.

Use the LLC so you can get a checking account in the US… And the LLC does provide asset protection. However like I said lawsuits from tenants is far down the list of worries one would have.

Very hard for Foreighner to get loans in the US unless they are larger commercial type loans.. very hard for SFR's. Unless its a primary residence or second…

Streamline,,sounds like your still in  underwriting  ( loan approval mode)… once they verify everythng to meet thier guidelines then you will have a true approved loan up until then your still just moving through the process.. I would be shocked if you got a 3.75% fix rate loaned on a non owner occ property… You may get an adjustable…[Read more]

Nigel will be interesting to see if banks step into doing financing on SFR's for out of country,, I still think it will be regional and very limited.

But time will tell..

I have closed deals here in Oregon with clients from Denmark and Germany they had no problems getting a loan for owner occuppied. No tougher than doing one for a us…[Read more]

Saturday that is sound thinking.. Unless you have 100% confidence in who your doing business with then your best to keep your marbles in your yard.

Saturday.. In MY opinion there has been growth in the wholesale prices that is indisputable. When you talk about capital growth for those that bought turn key ( which is what I think your asking me)  the answer is simple  IT all DEPENDS.. It depends on how much you paid for your property.. Some who bought very well have definatly seen some…[Read more]

Shoot Freckle I  thought I would throw out some big words there and impress you

I bought houses in Alanta suburbs for an average of 40k each.. I spent between 5k and 20k on reno depending on the house.. I exited at 77k per door we made 20k Per door net

Holding time 18 months from the first bought to 6 months for the last bought plus cash flow while we held them…. Hedge's were buying them for 60 to 70 pre rehab… so prices…[Read more]