Hey RosaI am very scared to post latley, I have looked and not replyed, thank you for your kind words though.We have found in our experience that making the purchase smooth just have the information available that the finance company are after.  They have a good idea of what is available and where.  Contrary to one ray of sunshines post, no fees o…[Read more]

I couldnt resist posting again, White-Goodman, this thread is called My USA Property, I thought I was doing the right thing posting in this thread.  We havent used the services of any other finance or property people so I have nothing to compare to.To make things crystal clear for you – I am based in WA, I grew up in Melbourne and desperatley…[Read more]

white_goodman wrote:

melbourne girl wrote:
What a statement.  I can only speak for myself and my partner.  We are happy. We like the service we recieve. We are used to paying for service.   We are investing for the future, not a quick return. With every loan we have been given a spreadsheet that is very comprehensive as to the costs inc…[Read more]

What a statement.  I can only speak for myself and my partner.  We are happy. We like the service we recieve. We are used to paying for service.   We are investing for the future, not a quick return. With every loan we have been given a spreadsheet that is very comprehensive as to the costs including maintenance, repayments, taxes, insurance and…[Read more]

We got 7.75% fixed for 5 years.  Purchase price $42,000.Our fees were $2200 for finance.  Worth every last cent.  They answered so many questions and spent so much time going through everything with us. I think the non My USA Fee is $4400.  They said thats because they know the quality of the My USA homes and that when you dont buy them they hav…[Read more]

seano4ever wrote:

melbourne girl wrote:

Rosa Tong wrote:

seano4ever wrote:
Hi everyone,I recently had a meeting with Tony from myUSAproperty at the Brisbane branch.I have a couple of questions that I would like to clarify with people who have previously dealt with myUSAproperty.1) When they said the property had been recently refurbished,…[Read more]

Hi RosaMy partner and I have purchased several properties from Memphis, using My USA.  We have  had them all financed with out any issues.  Per property I would allow about 30K.As I have said a couple of times, call them and ask some questions.

Also, Melinda at Loans USA has mentioned to us a number of times now that she has to build a great picture of us here in Australia because they have arrangements with banks that they dont have to have a US credit rating. We have given financials, bank statements and even had a credit file done on us.I would call her, she is really happy to chat…[Read more]

Hi thereyes the bank will lend in the LLC name, we just didnt have our completed in time for the first ones.  we did a transfere, after the sale.none of the banks so far have had an issue with an LLC that we have found

Rosa Tong wrote:

seano4ever wrote:
Hi everyone,I recently had a meeting with Tony from myUSAproperty at the Brisbane branch.I have a couple of questions that I would like to clarify with people who have previously dealt with myUSAproperty.1) When they said the property had been recently refurbished, did you had to fork out any additional money…[Read more]

speedy gonzales wrote:
Hi PropertyInvestorYou will find that LoansUSA operate specifically to arrange finance for clients of MyUSAproperty. If you don't buy a property from MyUSAproperty then you are not eligible to use the services of LoansUSA. I have a contact for a bank north of Dallas Texas that will lend up to70% (or even up to 80% for…[Read more]

The Nigel system sounds interesting. Although we have actually gained finance as Australians without any US credit rating by using Loans USA. They finance directly from the US, with US banks.  They can even get US bank accounts set up without any hassles.Why wouldnt you just get preapproval for finance before you go overseas and use there se…[Read more]

Hi I think you would have seen from some of my posts that my husband and I are dealing with My USA Property.  We have had nothing but positive experiences with them.  Everything they have promised so far they have delivered. Along with property management in the US!I would speak to someone too about only using your drawn down funds from A…[Read more]

Hi Jasonthats why you buy through a company that offers all of that stuff done for you.  Then you purchase something called title insurance.  I wouldnt do it on my own, too much to go wrong.  What happens if you think you have done all the checks & balances and then a $200K mortgage pops up? With back taxes of $55K.  Your bargain $30k for…[Read more]

A storey which I think you may see a lot of.  He purchased through a company of the net, didnt do any checking into the property he was buying and it ended up being a huge lemon.  No tennants, no rehab done and he has paid for all of this to happen.  He bought a duplex – thinking he would have double the income.  But nope, none of the rehab was…[Read more]

Hi thereNo I dont think you do have to buy through My USA Property.  Saying that, there would be no way i could be bothered doing all the work they seem todo for the properties.  They have it seems to me, a lot of people on the ground in the US that do all the running around for me.Rick H yes, we started looking at the 70% LVR and the approval t…[Read more]

Hi there.  Rick H seems like your using the same company as me to finance my investment properties in the US.<moderator: delete advertising>

I agree the people at Loans USA seem to be quite busy at the moment, I did however call today (thinking I could leave a message) and the phones were answered!I got more information on an investment property we are looking at buying in Cape Coral.  We were quoted rates starting from 4.5% depending on the property and some other incidentals.So far…[Read more]

streamlineinvesting wrote:
Hi Melbourne Girl,I'm looking at purchasing a property in the US next year and was hoping to get some tips / advice.I'd be interested to know whether or not you have set up a LLC and a US bank account in order to purchase properties in the US? Or do you simply transfer money to myusaproperty.com and they do all the…[Read more]

Interesting that you all mention the word caution so much.  I have come to think that the amount of money I am investing in the US market is similar to the amount I would be putting into a term deposit for my kids education.  I dont size up the bank,. take multiple photos of it or check out what every other web site is saying,  I simply look at th…[Read more]