Jayman replied to the topic MyUSAProperty – Beware !!! in the forum Overseas Deals 13 years, 3 months ago
They are a Sydney based group involved in selling US Property, they seem to be quite professional, and haven't heard anything bad about them.<moderator: delete advertising>Jeff
Jayman replied to the topic Closing the Deal in the forum Overseas Deals 13 years, 3 months ago
<moderator: delete advertising>Is there a particular reason you are interested in Phoenix?Jeff
Jayman replied to the topic Closing the Deal in the forum Overseas Deals 13 years, 3 months ago
Are you only interested in Atlanta? And in what price range are you looking at? Are you getting your LLC set up locally or direct in the U.S? If you haven't brought as yet, are you open to see what's available to compare? Jeff
Jayman replied to the topic Closing the Deal in the forum Overseas Deals 13 years, 3 months ago
How did you come across the property in Atlanta? As you now need to get everything sorted out, and without excellent property management in place, it could prove to be a nightmare, and unless you know the property management company, just giving one single house to manage, might not get the best service.<moderator: delete advertising>Jeff…[Read more]
Jayman replied to the topic MyUSAProperty – Beware !!! in the forum Overseas Deals 13 years, 5 months ago
Most buyers agents I'm sure, try to do the right thing for clients, and like in any service business, there are good apples and bad apples, and it's always the few bad ones that seem to attract the most attention.From an agents point of view, an upfront fee is mainly to sort out the serious buyers from those that just want to waste your time with…[Read more]
Jayman replied to the topic MyUSAProperty – Beware !!! in the forum Overseas Deals 13 years, 5 months ago
Not putting anyone down at all, and certainly wouldn't be so blatant about saying anything detrimental about any other particular agent or supplier, sure there are really good and some not so good, many with different business models.In this case, it's a fact that they are just changing their business model it seems, I'm not judging whether that…[Read more]
Jayman replied to the topic MyUSAProperty – Beware !!! in the forum Overseas Deals 13 years, 5 months ago
They are it seems, trying to do a phone service and have changed their business model, I think their Melbourne Office is only open part time on some evenings.
Jayman replied to the topic Fully grasping US taxation in the forum Overseas Deals 13 years, 5 months ago
You can do all the paperwork yourself and also file the tax return, and if you know what your doing and have the proper set up initially, you can get away with it, but if your not sure or do something wrong, they can come down quite heavy on you. For most investors, you really do need to talk with someone qualified, there are a number of…[Read more]
Jayman replied to the topic Lodging a tax return in the US in the forum Overseas Deals 13 years, 5 months ago
You can do all the paperwork yourself and also file the tax return, and if you know what your doing and have the proper set up initially, you can get away with it, but if your not sure or do something wrong, they can come down quite heavy on you.For most investors, you really do need to talk with someone qualified, there are a number of…[Read more]
Jayman replied to the topic USA – Where to buy? in the forum Overseas Deals 13 years, 5 months ago
My point about high yields were that if that's the only reason to buy property, without taking into account all the other factors, and if that's also the main point in just pushing property in the U.S. then there is a huge risk of taking on a big liability.Yes there are a number of agents, which seem to be increasing all the time, there are those…[Read more]
Jayman replied to the topic USA – Where to buy? in the forum jayhinriches..
I see it all 13 years, 5 months agojayhinriches..I see it all the time over here, and it seems to be the main focus of how many ( not all ) agents or others are trying to sell homes for, and that is the very high rental yield they will get, usually in the high 20's, as well, often in the areas where they can also get the place for a dirt cheap price, so trying to make it look like…[Read more]
Jayman replied to the topic MyUSAProperty – Beware !!! in the forum Overseas Deals 13 years, 5 months ago
Unfortunately, there are a number of agents selling US Property and providing bad service, bad advice, and just after a quick dollar.Mainly trying to sell to unwary mom and pop investors, especially with trying to flog the very high rental yield return and not caring where they sell it or what they sell. Which is a terrible thing to do. I have…[Read more]
Jayman replied to the topic Buying in the US – To use a Aussie Buying Agent or DIY? in the forum Overseas Deals 13 years, 5 months ago
Using a local agent depends on your own circumstances and how involved you want to get in the process.Yes, you can certainly go over to the US, and if you have the time ( which is what most people don't have ), the money ( and most people don't seem to include what their time is worth, never mind all the other expenses ) doing research on areas,…[Read more]
Jayman replied to the topic USA – Where to buy? in the forum Overseas Deals 13 years, 5 months ago
Ohio has some very good cities to invest in, and they are great for cash-flow, maybe not as good as some other areas for longer term capital growth, but still offering good investment potential, especially with the capital expenditure that is going into infrastructure, and with a number of huge growth industries such as Bio technologies and one of…[Read more]
Jayman replied to the topic USA – Where to buy? in the forum Overseas Deals 13 years, 5 months ago
Not everyone can afford to pay US$100,000 or more, so if $40,000 to say $85,00 is the max they can pay, then they still have to know they are buying right. Also, agree that only being sucked in to buy just one cheap property that might have a high rental yield but is a lousy overall investment, is a terrible thing to do to unwary buyers.But to…[Read more]
Jayman replied to the topic USA – Where to buy? in the forum Overseas Deals 13 years, 5 months ago
Texas is part of what is also now called the Texaplex, which comprises Houston, Dallas / Fort Worth / San Antonio / Austin, it houses over 80% of the States Population, Houston is the largest City in the southern United States and the 4th largest overall.It's one of the fastest growth cities in the country, with a massive migration from other S…[Read more]
Jayman replied to the topic Property in the USA in the forum Overseas Deals 13 years, 9 months ago
Hi All, With all the different posts on this forum, ranging from those that have actually traveled to the US and have gone through the process of purchasing property, and from those that have purchased US property from over here without having traveled over there, as well as those that would like to invest in US Property,…[Read more]
Jayman replied to the topic Rental returns in USA in the forum Overseas Deals 13 years, 9 months ago
Hi All,With all the different posts on this forum, ranging from those that have actually traveled to the US and have gone through the process of purchasing property, and from those that have purchased US property from over here without having traveled over there, as well as those that would like to invest in US Property, but are not sure how to go…[Read more]
Jayman replied to the topic Stamp Duty On Options In Melbourne in the forum Help Needed! 16 years, 7 months ago
Thanks for that info, i have been in contact with Mathew Shaw, and he is very knowlegable about the use of options under the current laws in Victoria. There are a number of grey areas that have to be clarified as regards stamp duty, it's not as clear cut as in other states it seems, as I want to market properties under option in different…[Read more]
Jayman replied to the topic Stamp Duty On Options In Melbourne in the forum Help Needed! 16 years, 7 months ago
Firstly to Scot No Mates, Thank you for your reply, That's what i thought, that the cost of the option would be what you pay any duty etc on, and if you don't exercise it lapses and the vendor would keep the option consideration.I have tried to contact Legalworks down here, but they have moved and they can't be found. I have also contacted and…[Read more]