All my properties currently provide good cashflow, however it is early days and will see how it all pans out in 12 months time where I would like to provide an update on my experience. I don't expect it to be a "walk in the park" but I do expect to be in the black.
If I sell my properties I would like to at least double my money, bring back to Australia and if the stars are aligned will also make money on currency exchange, now that would be nice.
I would just reinvest the money in Australian property, there are always deals around if you want to jump in.
whats the differance …… most kiwi's use aussie dollars any way
Hill they cant evun speak UnglushPHAR LAP: New Zealand's famous racehorse christened Phillip but was incorrectly written down as 'Phar Lap' by an Australian racing official who was not well versed in Kiwi-ese. Phar Lapb was NZ's most famous horse he was christened "Phillip" but it was incorrectly written down as "Phar Lap" by an Australian racing official who was not well versed in Kiwi-ese. PHAR LAP: New Zealand's famous racehorse christened Phillip but was incorrectly written down as 'Phar Lap' by an Australian racing official who was not well versed in Kiwi-ese.
I thought I would share this article that I read about Warren Buffets take on the current real estate market in the US. Happy Investing. Enjoy:
Warren Buffett, the billionaire investor and Berkshire Hathaway CEO, said on CNBC's "Squawk Box" recently that he'd "buy up a couple hundred thousand" single-family homes if it was practical.
Buffett said that's because he believes purchasing a home with ultra-low mortgage rates and holding it for the long-term has become a better investment than stocks right now.
"Housing will come back, you can be sure of that," Buffett wrote in his annual letter to shareholders recently.
Buffett forecasts an increase in household formations, as more people who moved in with their parents or family members during the recession look to move out and get their own home soon.
"People may postpone hitching up during uncertain times, but eventually hormones take over. And while 'doubling-up" may be the initial reaction of some during a recession, living with in-laws can quickly lose its allure," Buffett said.
Buffett said the recovery in the housing market could vary quite a bit among local housing markets, however. He did not provide a timeline of when he expected a full housing recovery, admitting that his prediction last year that a housing recovery will take shape within the year turned out to be "dead wrong.
In this media interview Buffett say he he "dosnt care" and a" hurricane " could be heading our way
I am not having a go at you, – just as long as it is away from the hard hitting' pipe swingin' – Im sure you know the rest of the movie quote:) However – I do agree, in a really good buying market, why take a risk? Just remember the market you are buying in – it is very different to ours in Australia.
I have a condo in Las Vegas in a gated community. Everything has been running smoothly with the tenant. The property manager tells me the tenant pays her rent on time and is very happy there. However the PM just informed me the HOA committee has decided that they are no longer allowing renters. As of 2013 only owner occupiers will be allowed. I’ve been told I’m expected to turf my tenant out. Obviously as these rules were not in place when I bought the property I don’t think hey should apply to me or my condo.Does the HOA board actually have a leg to stand on? Should I write a letter to them or what would be the best course of action to dispute this ridiculous new rule?
would it not be that after 2013 no condo's can be bought by investors
you cant change the rules 1/2 way through
i would think it best to communicate with the HOA first through email to get it straight from the horses mouth and to put your point of view across might save a lot of time and confusion
How good is your PM ? can you speak to your original realator ?
There's just more active investors than before it seems like. I see the window drying up in 3 to 4 years and the market returning to decent numbers in 7 to 8 years. Sadly to say if Obama gets another term the recovery will take even longer. As far as the banks, they will do anything to try and make all they can on these properties. Problem is the bad debt sends them under or hurts the books. They can only hold so much and a good portion is fannie and freddie. The whole reason the robo signing scandal happened was banks trying to shuck debt quick. It's a mess is what it is, there are still so many mortgages under water and more properties on the way. Just more people active and the deals are getting harder to get
and if this ranga gets another term <moderator: delete language>
Dont worry you americans it wasnt him ……… shes at it with every one
see she even goes to the next base with the Australian public
I can't help myself with this subject. . In cases I have come across there is nothing more than a desire to extract as much income for the end seller as possible. These guys, it must be remembered, can read like a who's who of banned company directors in their home countries. These guys are the type who would have moved from roofing insulation to school halls, solar panels and then had the brains to discover real estate in dodgy US cities.they are flogging you.
water tanks ostriches google adds sandlewood slimming tea black box share trading glossy prosectus horse racing scams
To get back to the original question, I don.t know the company US INVEST but you have to understand how far people in the USA will go for $300 to understand the extent to which scammers will go for $3995!!! You don't need a middleman, I have bought 5 properties inn Rochester for an average price $25500 each I have built up a team of buyers realtor, Property Manager and Attorney whom I trust. I have built up local knowledge, mainly through their help, and my average NET RETURN ON CAPITAL IS 30%( from year 2 onwards) The first year there are reno's, evictions of long term tennants and a general bedding down.- my worst return in year one is 15 %
When i was in the US i was warned many times not to leave the GPS in the car because the windows would be smashed by thieves
so i stupidly ask what do they do with them then and was told they sell them on ebay
ARE YOU KIDDING ME some guy will walk around the suburb all night looking in car windows smash up the windows…….. run the risk of getting caught and going to jail come home and do Ebay listings on his laptop ( probably also stolen ) and then go to the post office and mail it of to the buyer
They cost $100 new !!
what are you going to get for them on Ebay $40 ? bloody lot of work for 40 bucks almost make you want to give up crime or set up a thief union
always had a dream of doing a similar thing in vanuatu
have a boat there and just fly across and spend the winter , fishing
this little island of espirito santo was a staging post for the US forces in WW2 offensive in to Guadalcanal the movie musical south pacfic based on james minchiners book was about this island Bali Hia
i think the worst mistake would be to set up a business in one of the places crest always posts about a disater investment in the south pacific alltough he hasnt spilled his guts on the details.
the locals have a have a saying
islandtime which loosley translates to "dont do today what wou can put off till tomorrow"
buying some thing like these islands could be the best or worst thing you ever did
i don't know about Maloney's predictions on the pog or silver but i do like his idea of valuing property by how many ounces of gold it takes to buy or how many barrels of oil or tons of grain rather than just using a manipulated currency value
keiser is a bit over the top i prefer faber's commentary on WORLD markets
In Australia Dale Gilham is good , he says the crash is inevitable ………. no biggy , just get it over with
Back to NZ prospecting, you should make a TV show , man i love that Alaska gold rush show yeh i know its men's soap opera , but i still love it .
steve and vikki not sure if this is the right mob……. but
they give their USA address as
2650 se 7th dr. Pompano Beach FL 33062
Google earth that address and street view it
nice big waterfront house jetty and big boat out the back jetski's , nice cars, highperformance motorbike , complete with burnout where someone peeled out of the driveway