Troy McErvale wrote:
Up to 90% of appraised value – never purchase price.No cash reserves or pledging any cash reserves or cross securitisation requiredNot crewdit score based – foreigners will nto have a US credit scoreI am not sure what you mean by "dangerous loans". Maybe what you mean is that they can be negatively cashflowing if the buyer…[Read more]

Hi allI am almost certain that this article was written some time ago by Rick Otton who has lived and closed many deals in USA. Just makes me realise how important it is to get it right and understand the product I am purchasing. So much stock that is being sold at the moment to investors, I believe the key is being able to do your own research a…[Read more]

KennyFrampton wrote:
Thanks Rick.That is my impession exactly.I do not begrudge anyone making a reasonable profit.  If they didn't, then I would be concerned.The problem is a combination of (1) the fact that they must be making a massive profit – suggest 35% minimum –  on the property sale itself, (2) that they then charge a fee on top, and (…[Read more]

TassieJH wrote:
My wife and I have an LLC that then owns 3 properties via LLCs.  Attempting to get an ITIN from Australia is a challenge!!!The LLCs all have the EIN but as individuals we cannot obtain a credit card or easily move funds out of the US banking system without the ITIN.  We have Visa debit cards issued by Wells Fargo but these c…[Read more]

JacM wrote:
Anyone else got stories to share?

Purchased 4 properties in Broadmeadows, Melb about 12 months ago, considered a rough and tough area. I was attracted to this area due to proximity to Melb (15K) and also the fact that many of the properties provided opportunities for development.Currently all rented out from $270 pw to $300 pw, to…[Read more]

Marisa wrote:

blackhotel wrote:
Hi,I just completed a road trip to Qld mining towns Moura, Blackwater & Moranbah. I found Moranbah to be one of the most exciting little townships buzzing with allot of new development. It was hard to believe that families could pay $1000-$1200pw rent for a new home. I heard about this town through spruikers…[Read more]

blackhotel wrote:
Hi,I just completed a road trip to Qld mining towns Moura, Blackwater & Moranbah. I found Moranbah to be one of the most exciting little townships buzzing with allot of new development. It was hard to believe that families could pay $1000-$1200pw rent for a new home. I heard about this town through spruikers and investment…[Read more]

blackhotel wrote:
That's the problem, i'm a low-doc borrower and banks won't lend on these post codes. I'll put in a call myself to the NAB in Mackay rather than go through broker. When I sought out the finance, I will only buy in Moranbah.

I believe Commonwealth Bank for lo docs will look at Moranbah and Blackwater postcodes as I used…

watsonc wrote:
I own an apartment in Surry Hills located very close to Hyde Park Sydney. Purchased 2 years ago for $335k….after some recent research I'm led to believe I could now sell for $400k plus. Very limited stock for sale, similar but smaller apartment than mine across the road selling for $405k.Steve McKnight does mention that property…[Read more]

itsandrew wrote:
Thanks all for the replies.The reason I initially asked was because I was looking at investing in some CF+ properties and had mining towns on the radar.  I know that there are not only miners and exec's but also major infrastructure projects.  I have all of a sudden become quite nervous about the strategy because of i…[Read more]

ActToday wrote:
Marissa, I would highly recommend this strategy to anyone who was prepared to do some training to find out what they are doing.  It is like anything else.  You must find out what is and is not right to do to make a profit and the expense of training is an expense very well spent.  I have been investing in liens for a year now an…[Read more]

Hi Judith, Am going to conference with my partner end of May,  I am keen to find out the pros and cons. I have been researching and as a fellow formite has mentioned in prior posts there are some negatives with this strategy, its a matter of doing your homework.Can you share what your experience, good and bad has been to date?Would you recommend t…[Read more]

ActToday wrote:
Yes, poor Perth seems to dip out on quite a lot of things.  I guarantee that I will do all that I can to help as quickly and efficiently as possible as all too often I have tried programs but found the support lacking to the point that I gave up.Judith

Hi JudithI am told that buying liens can be very competitive, have you found…[Read more]

Hi Richardthank you for replying.I think it will be difficult for me to get a loan as what I am looking at doing is a JV where we purchase land and transport 2 houses on the property. The land may cost around $100K and 2 houses $80K, not sure how the bank would view this.Also, just to make it more complicated I use lo docs in Australia??Is this…[Read more]

Michaelthanks for the information.I will certainly share any information that comes my way.cheers, Marisa

Hi Everyoneinteresting thread. I am currently also looking at USA chasing cashflow. Seems there are many investors purchasing in Detroit. I have been doing some research and there are not too many areas in Detroit that I would look at due to crime rate, gangs etc. However, returns are great.Cashflow Capital is BA located in Australia which is…[Read more]

alto55
I have been investing in WA market for over 5 years now and the market has now changed, as others have mentioned more houses on the market. I actually believe it is now a buyers market, unless you have a unique property, ie development potential, ocean views, well located inner city property etc.

I think it was not very long algo that it…[Read more]

cjbarnaby
There is a facinating book by Kieran Trass, “Grow Rich with the Property Cycle”. He is a successful property investor.

This book provides extensive information on how to recognise cycles, recovery, boom, slump, market influences, key drivers, and when is a good time to buy. Its an excellent tool, and just one of those books I pick up…[Read more]

Hi Agile

I am from Perth and an investor.

The Hegney Property group, which are the largest valuers in WA also act as buyers agents. They also have offices in the South West, they also source commercial and industrial properties.

I have spoken to their valuers who have helped me in the past.
I have not used them specifically to find a property…[Read more]

The boom started a fews years ago now, with Bunbury recording around 40% growth over the last 12 months.

This market has now changed and I dont think it will be too long before it becomes a buyers market.

Agents that I am in contact with have also confirmed that the market has cooled off as investors have pulled out.

I have a couple of…[Read more]