You will get used to Freckle he bashes everyone just check out my posts on America lol.

You can make many in any market so it depends on your strategy. If you are trading there maybe good opportunities to make money. Markets like the Sunshine cost tend to be boom and bust. I believe that in Australia if you invest in major cities you investment…[Read more]

That's right

You will find in Australia when you are quoted returns they are nearly always .

However at the end of the day you need to know the return. Therefore you need to take away all the costs which includes mortgage, rates, property management fee. A good way to start would be to buy PI software from the Somersoft group. Do a search there…[Read more]

hi redwood

i have sent you an email

by the way love Detroit  NOT

With the number of good markets why risk  Detroit

As mentioned if you buy commercial property in the US you can borrow 60-70% non-recourse so it means that the loan is only based on the asset. 

That means is that if you have the deposit it may well be easier to buy a property in the US than it is in Australia

Generally in Australia the entry point for commercial property is a lot higher than residential. especially when you are talking about blue chip property.

Just this week we closed a deal in Florida, it was a 3 story office building that we brought for 1.4 million dollars with $660,000 down with the balance funded for 4.75% for 36 months. When…[Read more]

The market jumped in many parts of Australia late last year. I know that in Melbourne especially inner city areas did quite well. However the sentiment is not as strong at least not yet. My feeling is that the market will flatten out at least for the first half of the year. The exception may be Brisbane but that is only because the market has been…[Read more]

Your investing will often be successful based on the quality of people you are dealing with. You can be in the best market but if you are dealing with a fool you will lose money.

There are some good experienced people on the forum. I have a partner in Florida and we deal with commercial property and apartment complexes because you can borrow up…[Read more]

How are they wholesalers, most make at least $30,000 commission. How are these good deals.

I put clients directly into development sites. he only way to get a wholesale price is to build it yourself.

Funding is more available than ever before. We are able to obtain between 60-70 on non-recourse loans on commercial property including apartment complexes. Now you could not get these loans 12 months ago. What this means is much higher cash on cash returns.

The fact that Richard has been able to get loans for UK citizens for sometime indicates it…[Read more]

Well first things first

How large  is the apartment    Is it 1 or 2 bedrooms

If one bedroom if its under 50 square meters dont touch it  If its 2 bedroom and is not at lest 65-70 sqm then walk. Make sure you ask for the internal meterage not including the balcony.  

Then how many apartments in the block and finally where is it located. If its…[Read more]

I like Brisbane at present

However most people lose money because they do not know what they are doing. Remember most people lose money in property because they do not do enough due diligence. So either learn your trade or get involved with other people that are already doing it. At the end of the day its your money so don't lose it by rushing in.

From a personal point of view I feel that Brisbane is still under valued. I am currently looking for a development site in Brisbane.

Generally you will not be able too borrow so single family homes

However you can buy an apartment complex and obtain a loan of between 60-70% on a non recourse loan in other words the loan is based on the asset.

These type of loans were not available to foreign nationals 12 months ago. However many commercial banks are now offering these loans

http://www.youtube.com/watch?v=Z-WIcFJkrrs

The above webinar talks about where we feel the Florida market is going in the next 12 months

The problem with all of these companies is that they are businesses with often large overheads. Therefore they recommend properties that they are generally make large commissions from. Now I do not object to them making money. However they should be at least recommending high quality properties rather than house and land packages or tiny cbd…[Read more]

They generally sell people into house and land and make around $30,000 a deal. The problem is that most of these are average investments. You can more with your money.

In Australia many of our clients go to the US embassies to get there documents notarized. I have found no issues with the banks once we have done this

Hi Jay I agree

I still like Texas though I worry a little that the market may be a little to hot at present. I really like Orlando because tourism is so strong. If you buy in a LLC then your travel cost do become deductible in the United States is my understanding. However there is no point coming to the United Stats and buying a single family…[Read more]

It works the same way with Florida and it does in Texas

I will certainly look into this bank. I was not aware that finance could be obtained for finance under $100,000. So that would be a further game changer

Thats interesting we have been able to get finance for commercial properties which can include apartment complexes at between 60-70% as a non recourse deal however I was not aware that these deals were available for under $100,000 houses.