Forum Replies Created
Nifgel if these “blue chip Other” areas of the US are so great why would you pass the opportunities on to other investors if the return is that solid long term, then why wouldnt you pick the best deals for yourself and make a fortune and shut up and nothave the hassle of dealing with others. Also if someone is puttin treir hard earned savings into a high risk ( residential investing offshore is high risk) area then i firmly believe they shoudl go there and witness each individual property for themselves
Good ramble Bardon Loved it
good luck all but if you are smart you would only ever invest 20% of your wealth portfolio on offshore investment unless you reside in a banana republic
when the going gets weird the weird turn pro
Yeay
Capital growth now as well, actually this has been evident with the change in asking prices for comparable properties over the last 9 Months.
when the going gets weird the weird turn pro
why would he need to when hes already doing it for himself, its not rocket science there is no magic formula, devise your strategy go for it and learn fron the inveitable mistake you may make but these can only happen if you choose your own path.
Or put your money with a Fund manager the choice is entirely yours
when the going gets weird the weird turn pro
having just returned from my third trip there, would put one disclaimer you would be nuts to buy there without seeing the properties for yourself, and gettign afeel for the actual vacancy situation in any particular area, stats are oen thing the reality of seeing the vacant units is another
when the going gets weird the weird turn pro
how do you think a Bank would go about reclaiming that asset in the other country, can u imagine the legal fees they would chalk up, any bank that does that i would be wary of they must be desperate to lend money, and on the way to bankruptcy themselves
when the going gets weird the weird turn pro
Go the AB’s what a great game, just ned the Ockers to do the decent thing now and lose to us in the last test, what with that and the cricket in pommyland the ole trophy cabinet must be starting to look fairly bare.
when the going gets weird the weird turn pro
Rick maybe you should share what your intetnions are and your objectives for your trip then those with experieince over there can objectively advise or suggest issues that may be relavant, other wise the likes of myself and others who own and manage properties over there remotely cannot really help you.
maybe you should outline your current plans, you are asking others for openess it would help if you wrote down what your objectives are, we all started from nowhere dont forgetwhen the going gets weird the weird turn pro
guitar chick, its a big step from investing in your backyard and if you dont know yet about setting up a bank account over there then i think you need to doa bit more research and definetly an exploritory trip over there. seems to em that the best way to finance is home based, unless you have a resident U S partner with a credit history, and even then it tricky if you have bought the property under an LLC
when the going gets weird the weird turn pro
vested interest in your post kerwyn
when the going gets weird the weird turn pro
seems a little over the top, i dont think the US opportunity will be there forever
when the going gets weird the weird turn pro
exactly right sinead, this is exactly the situation and the DR can be significant if you have owned the property for a few years, definitley something to weigh up if considering selling or Re-financing, i guarantee a lot of people have not thought of this.
when the going gets weird the weird turn pro
dont forget about depreciation payback, if you sell a house for more than you bought it for you have to pay back out of the gain the depreciation you have claimed over the period of ownership
when the going gets weird the weird turn pro
the UK has a huge number of people invloved in investing in the buy to let scenario far outweighing ht enumbers in Australia, but a a proportion of poulation pronbaly not as high, and also less of the shouting from the rooftops about it,
also wouldbe very diificult and especially given the current returns out of oz to set yourself up as a remote birdogger as there are people in Oz and NZ doign this on site and doing a very good job of it.
when the going gets weird the weird turn pro
glad to hear the ozzies may be desserting NZ IP investing I for one though not an ozzie but in fact a kiwi living in the UK am still finding good CF +VE deals in regional areas
Oh and to Westan, it nice and warm up here in the Northern Hemisphere not very often u get to boast about that, also like Quiggles, Westan & Steve Mcknight i have bought multiple properties in the US this year to date.
when the going gets weird the weird turn pro
I would back that uo about homework I am a kiwi who has been investing in the US since the start of the year, dont be fooled into the fact that by simply setting up an LLC as a holding company that will protect you from someone sueing you, in the US ultimately the blame will end with you if you have been negligent or naive in your buying, as steve mentioned in his post this is not a market for newbies, i have actually been buying IPs from offshore for over 4 years..
when the going gets weird the weird turn pro
UK economy too big and fast, prices are slowing despite a massive housing shortage in the South East. Same dynamics as anywhere the bigger cities and go ahead towns have experienced the biggest capital growth
another interesting point Wales Population 4 million had both the fastest and slowest proeprty growth regions in all of the UK
Yields still terrible here, best way of achieving success in the UK is renovation projects and even thse have to be chosen very carefully
when the going gets weird the weird turn pro
hope they learn the lesson from the NSW govt expereinces and chuck that idea away
when the going gets weird the weird turn pro
2% margin is i think the mark up above the Fed Rate, so if the feds floatiing rate is 3.25 with the 2% margin your loan is 5.25%. just going through it myself so not definite on this.
when the going gets weird the weird turn pro
if going in June be aware the british lions are toruing with 15-20 000 poms saw an article that to date there are 1650 camper vans rented for a three week period, whichmust be nearly the whole rental fleet in NZ
when the going gets weird the weird turn pro
have emailed you kurra
when the going gets weird the weird turn pro
