jeff2tract replied to the topic Where is the soundest state/county to invest in America? in the forum Hi Speedy Gonzales,
I have 14 years, 1 month agoHi Speedy Gonzales,
I have found that there are a number of business’s out there that do charge for you to get the info. I have spent many months looking into the USA market, I have met Andrew from myusa, and there joining fee was I think $500. One can find the info out there you have to spend a lot of time researching the market. I don’t have a…[Read more]jeff2tract replied to the topic New Investor in the forum Overseas Deals 14 years, 1 month ago
Hirav,
You would need at least 30-60K to get started, in some markets you will need more. There are a lot of people offering property deals in Florida, Atlanta, Ohio, Michigan. You need to do some due diligence in regards to vacancy rates, unemployment figures.
I am investing in an area that gives good positive cash flow up to 25% net, property…[Read more]
jeff2tract replied to the topic BEWARE – Inexperienced buyers agents and Cashflow Hype USA in the forum Overseas Deals 14 years, 1 month ago
Hi Steve in China and money changer,
I have spent the last 10 years going back and forth doing business in the USA property has always been cheaper than Australia, even when there market was booming.
I was in Orlando earlier this year and have a close friend that has a business purchasing property and doing rehabs, then flipping them, he…[Read more]
jeff2tract replied to the topic New Investor in the forum Overseas Deals 14 years, 1 month ago
Hi Hirav,
I am involved in a business that advises investors on the inns and outs of USA property investment.
Do you have a strategy ie wanting capital gain or positive cash flow?
What is your budget?
Jeff
jeff2tract replied to the topic MIAMI (ad)VICE in the forum Overseas Deals 14 years, 1 month ago
jeff2tract replied to the topic Advice Fpr investing in USA market in the forum Overseas Deals 14 years, 1 month ago
Hi AusVietGuy,
You need to do some serious research, What are your goals? positive cash flow or capital gains I have spent the last 4-5 months looking at various areas, Florida , Atlanta are being promoted as places that you will get good returns, however and you can take this advise on how you want to. I would stay away from Florida, there are…[Read more]
jeff2tract replied to the topic MIAMI (ad)VICE in the forum Overseas Deals 14 years, 1 month ago
Steve,
Don’t get me wrong 10% minimum is great, I am about to close on a deal that will give me 26% net. There are plenty of deals like this. If one is happy with 10% thats fine no problem. I know that there are better deals that will give one better than 10% more like 15-25%. I know it sounds to good to be true, these deals are out there
you…[Read more]
jeff2tract replied to the topic MIAMI (ad)VICE in the forum Hi Steve,
I have looked at 14 years, 1 month agoHi Steve,
I have looked at markets in Denver, Minneapolis and other area’s upstate NY, returns of minimum 10% is achievable, I am in the process of setting up a website that one can go to.
You don’t need to live in Australia to be able to access the website. I have been reading some of the other blogs and there seems to be a number of local as…[Read more]
jeff2tract replied to the topic MIAMI (ad)VICE in the forum Hi all,
I just joined today 14 years, 1 month agoHi all,
I just joined today and have found all the comments most interesting. I am in the process of setting up a business called invest USA, it is designed to advise locals on the ins and outs of property investment. I have spent many months looking at various markets and Florida was on of them, I was concerned at the vacancy rates and…[Read more]
jeff2tract replied to the topic Paying tax on American Property. in the forum Hi Archanic,
I just joined 14 years, 1 month agoHi Archanic,
I just joined today, I am in the process of setting up a business called invest USA, we are advising Aussi investors on property investment opportunities that currently exist in the USA. Concentrating on 3 area’s in the USA. I have 2 accountants that are based in Sydney that are both experienced in Australian and USA tax laws. If…[Read more]