The properties that I am looking at are priced between 10k and 50k and normally require some cosmetic touch ups (not more than 20k for each property) and then I have already got a team of property managers, inspectors and contractors on board.Just like to know whether any of you have luck with finding US lenders/mortgage brokers/investors that…[Read more]

Hi Michael,I am also in the process of negotiating a number of cashflow properties in US, focusing in downtown Indianapolis. Plenty of good deals in here and now that I have setup my entities there. Also flying there in Jan to check out the proposed acquisitions. Arriving in Chicago in the second week of Jan and then direct transfer to…[Read more]

My plan:I am looking for SFHs that are in Memphis, TN and Indianaplis, IN that are priced betwen 10k and 50k and then I spend another 10k to fix it up and rent it out ASAP. The challengeI can't get mortgage brokers or banks or mortgage bankers that will lend to overseas investors like me because I don't have credit file in US and also I am not an…[Read more]

I already have.

Hi Annette, I am looking for multi-family property in Houston and my preliminary discussion with various PM have been quite positive. Happy to share my experience with you. That said, I ditto all other comments by other people on this post as the system in US is completely different from Australia and if you are looking to be hands off, I suggest…[Read more]

Can anybody recommend a mortgage broker that will lend to overseas investors for mult-family property (7-plex with asking price of 200k). I have the 30% cash deposit with some cash left for minor rehab. I am looking for lenders but my initial discussion with US mortgage brokers have not been very successful.Anybody knows of mortgage brokers that…[Read more]

I have just finished reading the book titled "2 years to a million in real estate" and am thankful for the insight on how to build a portfolio of positive cashflow real estate assets. I am 30 years old and have 3 marginally positively geared properties in Australia. At the moment, I am working in Hong Kong in banking sector but my true goal is to…[Read more]

Can somebody explain something to me? If the Central bank's interest rate is close to 0% and the cashflow from the property is +ve (assuming that the gross yield is around 20%). Why would the bank still provide a lend at 70% with interest rate near the 7%, rather than at 3%? Is it because:1) they don't like the tenant?2) they don't like the area…[Read more]

I am currently based in Hong Kong and the real estate funds that I am working for target institutional investors (minimum investment size is USD 10m). However for my personal RE investment, I am looking at KL (more of capital growth play with some marginal +ve cashflow) but more looking at US (Houston) for cashflow (net yield around 12%) with no…[Read more]

Its a single dwelling home. Any thoughts?

just a quick question. For a good area in Houston. I have made the following assumptions on cashflow, would appreciate feedback from anybody here:- 10% property management fee- 10% (gross income) for maintenance- $50 per month for insurance- $100 per month for utility bills- additional 5% contingenciesAre they enough? The purchase price is $200K…[Read more]

Hi Martin,For residential apartment in an area that will attract quality tenant, does it yield close to 10% net (after all expenses) and what is the borrowing rate based on LVR of 70%? Thanks in advance for your help.CheersJohn

Dear all,I am just curious to find out more re US residential real estate sector. From this thread, it appears that people are optimistic about Houston, Los Angeles but downbeat on Phoenix. Can somebody explain the optimism on Houston and LA when the entire US economy is in recession with national unemployment rate rising?CheersJohn

dear all,Just a question. If the population in Japan is aging as reported in the press, wouldn't it make sense to look at the retirement housing sector within Tokyo? I am not talking about buying individual units but rather buying a multi-retirement housing that can potentially generate good cashflow?This leads me to my next question. I currently…[Read more]

thanks for your extensive overview. CheersJohn

Hi Hawes,I may be interested in +ve cashflow properties in Panama. However, just a couple of background information, what is the trend of population growth, how much of population is renters compared to owners for residential apartments?Also, did you buy single condos or mulit-family condos which made you attractive returns?CheersJohn

I work in HK and was looking at buying IPs in China. It is challenging if you are a non-resident, possible if you have worked there for at least 12 months for Shanghai (not sure about Beijing, Shenzhen or Guangzhou). The issue is that the Shanghai state government has a strict regulation prohibiting non-residents buying IPs within Shanghai.Hope…[Read more]

Thanks everybody for the comments. However, with global credit crisis and slowdown in property prices. Isn't now a good time to look at Japan, assuming the current govt has 10 years of managing recession?Would appreciate any commentsCheersJohn

Hi all,I am looking at commercial property in NSW for $400K on 8.2% gross yield. However, I am looking for commercial lender who is willing to go up to 80% (because I have enough deposit to cover 20% deposit and settlement costs) without the lender jacking up the rates to ridiculous level.Can somebody give me some pointeres?CheersJohn

Hi Andy,There is some very good comments and I am going to add my two cents to this discussion.  Firstly congratulations on your savings when you are this young. When I started four years ago when I was 24, I had a small savings (more like $10k) but the first thing that I did was to chat to a good accountant to get my structure right, because I…[Read more]