Hi Jamie

The biggest problem is that in most cases the value of the property is determined by the return. So if you had a property renting for $20,000 a year on a 10% yield then the value would be $200,000. The problem is what is the building worth if you loose the tenant. In 1990 I worked for a commercial developer and saw what happened when the…[Read more]

We buy directly from the banks in Orlando. However any property is fully assessed and inspected before we buy.

yes in fact Hedge funds are paying full price for properties as high as 50 Million. What that tells us is that the US markets have bottomed. I still find that we can get god deals in Florida. But markets like Texas are now booming and it is good idea to stay out of them. So if you are interested in US investing you need to look now for good deals.

I agree with David and Jamie

The market has been undervalued for along time. When you consider that you can buy an apartment within 5km of the city for around $450,000 consider what you would pay for the same distance from Melbourne or Sydney.   Since the Federal election billions of dollars have been pouring into Australia. I think that as we…[Read more]

yes x factor is on the cards for next year. This is what she wants to do and we are there to suport her.

She is also writing another song at present.Yes I am a proud dad

It reminds me why i do what I do.

Interesting comments about Brisbane. I know that the banks have dumped quite a lot of property on the market. However I would have thought that given the inner city market is undervalued compared to other eastern seaboard state that property was under valued and due for growth.

Regardless of size, however don't buy small apartments. There are around 4000 apartments coming out of the ground in the cbd, docklands and Southbank. What this means is that we are likely to see values fall over the next few years. Plus with an over supply we cold see rents also reduce. The other side of this is that if you buy an off the plan…[Read more]

Another thing to do is do a joint venture where we can come up with some investors for you that make it far easier to get the finance

You want to look at the pricing carefully and make sure that you are not paying a premium for it.

You also want to make sure that a bank will fund it as a home loan. They may say that i is a commercial loan. However you would be best to check that out with a good mortgage broker.

Only buy sight unseen if you have someone on the ground that can do the work for you.
Never buy just over the internet. Frankly if you are buying a property interstate then the cost of an airfare is insignificant compared to the value of the property you are buying.  People also buy in the United States often over the internet or the are dealing…[Read more]

The important think is that if they recommend a property to you do your own research. At least do a search on similar properties in the area to make sure that you are not paying well over retail price for the property. If you are still unsure you can pay to get a bank valuation which is not expensive. If is important to remember that you are…[Read more]

I have also been looking at single family homes for around $55,000 in Florida purchased directly from the banks for wholesale prices. So yes there are great opportunities however it is important for you to know who you are dealing with. 

The problem is that people do less due diligence on an investment property than hey would a blue ray player. If you buy something and regret it because you have not done your own due diligence then you only have yourself to blame.

Its my understanding that you just need to sign a form that will allow you to transfer a wire without being there in person

I suggest that if anyone is interested in opening an account they get legal advice before acting. There have been people here singing Wells Fargos praises when I heard months ago that Homeland security was demanding that the…[Read more]

We look for larger projects but the real problem is making them stack up

I find that if they have permits then they are overpriced, or they are badly designed, or small. I tend to look at property that will appeal to owner occupiers, because these will not only make great investments but will also have stronger capital growth.

If you look at…[Read more]

In my view i you buy in a self managed super fund you need to buy with the highest level of capital growth. If you buy a property at under $200,000 I think you will find that your growth is limited.

You will find that these companies sell house and lad packages because they are making at least $30,000 per deal if they are in poor areas then it can be more. it is important to buy property with strong capital growth. Generally you will not get that through house and land packags

You will find that these companies sell house and lad packages because they are making at least $30,000 per deal if they are in poor areas then it can be more. it is important to buy property with strong capital growth. Generally you will not get that through house and land packags

I agree Chicago is a hub and is far better than Detroit. 

Hi yes I agree

The US market will continue to offer opportunities as the economy continues to recovers.

Especially as finance is now also coming back

However I still believe there are good opportunities in Australia especially in Brisbane, that has been undervalued for a number of years