Forum Replies Created
Feed them to the cows[baaa]
when the going gets weird the weird turn pro
there are tons of Brokers in Florida as this is a market the brits have been into for a number of Years getting a laon on property there for uk ciitzens is pretty straight forward due to the thousands that have done it already, i wouldnt bother witha texas broker when you can got a broker with knowledge of how things work in Florida state
when the going gets weird the weird turn pro
try HSBC, however you will need a history with them, better suited for those who have held active accounts with them for the past 12 months
when the going gets weird the weird turn pro
Richard i think you really have opened a can of worms, I would recommed this is open to experienced US property purchasers, who know for real the what can go wrongs items and financially allocate them into their budgets
when the going gets weird the weird turn pro
Redwing is that the Book “Shantaram” I got halfway through it a very good insight to things there though
when the going gets weird the weird turn pro
you are normally governed by the city or county authority and depending in what areas youa re in you might have suburn specific bylaws you must comply with, such as having the lawns mown, no litter lying around etc for minor things and then major things there will be requirements to do refurbishments to a set of building codes as well, again normally dictated by the city/county laws
when the going gets weird the weird turn pro
Exactly Cameron, and I personally would never buy in an area that a bank is “not willing” to finance.
Come on Richard name the guy, there are enough sharks out there as it is if we can flush some of them out then it is for the greater good and if they are wrongly accused and do have agood record (which has happened on here before ) you will have people coming out in their favour anyway
when the going gets weird the weird turn pro
as a minor contra to Nigel if you understand the market and take the time and effort to overcome the obvious pitfalls it can be like any market quite profitable, but you have to be smart and keep a constant eye on the market and what is going on with your current investments and potential investments, dont do the norm as you will get burnt look for smart alternatives dont follow the crowd.
You are very naive if you think all the best properties are being saved for us Kiwis/Aussies in a area boasting a population you are a fool if you think there are not some smart and savvy local investors making moves there, and yes they will always get the opportunities before you. You just have to work out where there is a genuine profitable opportunity and its not every proeprty that shows agross 25% -30% yield look behind the numbers.
when the going gets weird the weird turn pro
Had look at John Roberts site and not very impressive hardlya comprehensive service, go yourself then you can work out for yoruself the risk factors, maintenance, taxes, property management. anyone who buys overseas off a photo without going there is taking a big risk, please allocate some value to your hard earned cash.
It has taken me a full 20 months to really understand the market over there and know when you are and when you are not being takne for a ride
when the going gets weird the weird turn pro
Richard what about Houses that you intend to buy with finance as opposed to cash first then refinance, do you still require the 12 months seasoning as to me this negates the attractiveness
when the going gets weird the weird turn pro
Don
if you find any 15-20% yileders in the deep south keep me informed of them but with a description of Location and current tenant situation
when the going gets weird the weird turn pro
Richard thats a pretty quick assumption to make, and as for advertising check out your own signature, Pot, Kettle, Black, but young sheyla’s post should be reomoved as it is blatant advertising
Moderators do your thing..
when the going gets weird the weird turn pro
no you cant, not in NZ the UK or the USA anyway, unless you have losses in that country dependent on company/llc/trust strucure to offset against income but you pay no additional tax in a tax haven if that is your tax domicile
when the going gets weird the weird turn pro
Bearing in mind most of the values on Zillow are the eqivalent of Govt Valuations, does give you a good idea though what your property taxes will be for a potential IP.
when the going gets weird the weird turn pro
If you are investing in property offshore and ignore the Forex risk then you are leaving yourself exposed it must be part of your overall strategy and you should have a plan on how to mitigate forex exposure. I always have an active role in it as my home currency is the Pound but have IPs in NZ and the USA so those three crosses i actively trade as well as the fact it keeps me current with timings on when to best move currency between the three countries
when the going gets weird the weird turn pro
i went short NZD – USD last week, looking quite good now just in profit today,
the US was always going to increase and will do so for the next 6 months at least
rumors are a lot of the big investment banks are taking big positions against the Kiwi ie long the USD against the NZD
when the going gets weird the weird turn pro
olly newland “the day the bubble bursts” and his previous books such as “the rascals guide to real estate”
when the going gets weird the weird turn pro
got to agree with Bardons original post & brisbane 04 the clear facts are that if you have been to buffalo and looked at houses in the high yielding areas that are not the slums you will find massive racial diversity, I think it is socially positive to provide investment into properties that need upgrading or a satisfactory level of comfort maintained this would not be done in Buffalo without inward investment due to the skewed lower average incomes and higher unemployment than exist in other cities, I would have thought that upper middle class gated communities contribute to far greater racial divisions than the type of rental accommodation that we are providing.
A lot of these people renting need a decent comfort in accommodation and they will probably never ever own their own homes, which is sad but at least they can rent with the assistance of welfare from the state, I see it as a economic and social win/win
I won’t go into preforeclosures
As regards politics last time I checked this was a property investment forum, and should be directly related to that subject. i dont think there are enough hours in the day to debate the ethics of world politics as there arent any ethics
when the going gets weird the weird turn pro
Gotta agree on the bank set up, i have set investors up in WNY and for bank accts 20 mins you are all done (as long as you have all the correct IDhowever they also need the EIN number so get in and apply for thsi straight away if you are in the US or by Post if offshore), the added bonus is that you also have then a contact in that branch should you need anything done locally.
when the going gets weird the weird turn pro
Hey moderators get this guy off the site hes advertised in every section, what a clown
when the going gets weird the weird turn pro
