Nigel Kibel replied to the topic student Apartments in the forum Help Needed! 10 years, 10 months ago
Student accommodation will only be purchased by investor. There is a massive oversupply of this type of product and a reduction in the number of students coming to Australia.
They are a terrible investment. They have no growth and can go backwards in value and you are looking at only one market.
There are much better investments around
Nigel Kibel replied to the topic INPROP USA Good or Bad in the forum Overseas Deals 10 years, 11 months ago
There are a lot of people promoting rubbish in the United States however there are people also doing a good job
I do not know anything about the group they at least are prepared to say who they are. If people deal with me and I manly do commercial property out of Florida I have no problem allowing people to talk to my clients. So I suggest you…[Read more]
Nigel Kibel replied to the topic my daughters latest song in the forum Opinionated! 10 years, 11 months ago
Hi Ryan
Thank you for your advice
Well worth While doing
I have a facebook page and a youtube page at present
If you look up Ellise Kibel a number of songs will come up
Nigel Kibel replied to the topic With Holden closing and BP cutting workers by 300 in the forum Creative Investing 10 years, 11 months ago
What will happen is that prices in inner city areas will remain strong perhaps not grow at the rate of the last few months but remain strong.
However areas like Geelong and many outer areas of major capital cities will either stay the same or weaken. There are always opportunities to make money in any market. I am dealing in projects in Brisbane…[Read more]
Nigel Kibel replied to the topic Positive Real Estate Seminar in the forum Help Needed! 10 years, 11 months ago
You mean more beneficial to them because they make more commission lol
Nigel Kibel replied to the topic Setting up a US bank account from Australia in the forum Overseas Deals 10 years, 11 months ago
As you have a representative in the United States and have the correct notarized documentation there is no problem opening accounts i the United States.
Nigel Kibel replied to the topic First time investor in the forum Help Needed! 11 years ago
Hi
I dont generally look closely at what others do. I spend a lot of time getting what I do right. However in you look at the overseas posts engelorumora who deals in Kansas seems like a good guy also Jay Hinricks has a great knowledge. I met Alex one of his associates when I was in Florida a few months ago. Rob Keeler my partner in Florida has…[Read more]
Nigel Kibel replied to the topic First time investor in the forum Help Needed! 11 years ago
Investing in the United States depends on who you are dealing with. If you do not know the operators then you may loose your money. You need the right structures and the right advice especially when it comes to taxation. The IRS is a lot tougher on late taxation payments that our tax department. America is a great place to invest however not only…[Read more]
Nigel Kibel replied to the topic Property Spruikers in the forum General Property 11 years ago
It really comes down to you doing due diligence and that means that if a company recommends you to buy something then go on line to see what properties are selling for in the surrounding areas. Generally it will not take you long to at least get an idea of values.
Nigel Kibel replied to the topic What’s YOUR biggest property investing problem? in the forum Help Needed! 11 years ago
I think part of the problem is that people on the whole believe that property is much easier than it is. Because of that people do not do due diligence on what they buy. It is my experience that most people spend more time on what blueray player they are going to buy compared to property. Now you may think thats strange however I sit down with…[Read more]
Nigel Kibel replied to the topic Finance for US Property in the forum I think some of the comments 11 years ago
I think some of the comments Freckle makes are valid. There is no doubt that hedge funds are buying properties especially at the top end paying in some cases full price i cash.
Then look at markets like Texas that are currently booming and this was in a market that did not fall during the GFC so there could be a chance of the property mrket…[Read more]
Nigel Kibel replied to the topic Finance for US Property in the forum Overseas Deals 11 years ago
Generally the best asset class is either apartments or hotels however they will also look at retail depending on the quality of the Tennant.
In terms of occupancy we generally look at properties that are fully let or just under unless it is a renovation opportunity.
Nigel Kibel replied to the topic List of Property Spruikers in the forum General Property 11 years ago
America is a great place to invest but full of spruikers and well meaning people who do not know what they are doing.
The secret to successfully investing anywhere is the location but also who you deal with. Who you deal with will determine whether your invest is great or a nightmare. I believe a lot of people may have lost money however they…[Read more]
Nigel Kibel replied to the topic Australian Accountants who do US Tax Returns in the forum Overseas Deals 11 years ago
I use Donna Shaw who is based in Melbourne, she is great and provides a first class service her email is dfshaw@bigpond.com
Nigel Kibel replied to the topic Setting up a US bank account from Australia in the forum Overseas Deals 11 years ago
We have been able to open accounts but you generally need to use an attorney and you need id that has been notarized. The decision as to whether banks will do is this is up to individual banks. Generally your paperwork needs to be 100% to do this.
Nigel Kibel replied to the topic List of Property Spruikers in the forum General Property 11 years ago
Most come from marketing companies who run seminars or education seminars where the sole aim is to sell property. For instance the reason companies sell house and land to investors is because there is at least a $30,000 commission in place.
Nigel Kibel replied to the topic List of Property Spruikers in the forum General Property 11 years ago
Not everyone who involved in the industry is a ripe off merchant but a lot are. The secret is always do you own due diligence and do not take anyones word for anything.
I even tell my mentoring students if I make a suggestion do not take my word for it do your own due diligence because at the end of the day its there money not mine.so spend the…[Read more]
Nigel Kibel replied to the topic Buying property in the US in the forum Overseas Deals 11 years, 1 month ago
I think if you are going over to set up your own renovation business you will do well. But if its to work for someone else I would not bother
Nigel Kibel replied to the topic My Trip to the US in the forum Overseas Deals 11 years, 1 month ago
Freckle what you say may be right however there are large numbers of families moving to both Florida and Texas. I think you have to be selective and careful in what you buy.especially when hedge funds are buying up large amounts of property. I think this market still offers great opportunities but you have to be careful and do plenty of research.
Nigel Kibel replied to the topic My Trip to the US in the forum Overseas Deals 11 years, 1 month ago
I think that there are risks of the market over heating in some areas. For instance the values in Texas never fell after the GFC and now the property markets are booming. However states like Florida is still improving and does offer opportunities but it is important to do your own research.
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