I could not agree with Scott more I know many people who have lost money in Australia and am personally dealing with 3 clients who were sold into North Dakota and the developer seems to have kept the money. So be very careful who you deal with.

I deal in Orlando Florida and I know many companies are flogging this crap in North Dakota to their…[Read more]

Its my understanding that Bob has been doing this for years,. He has a great reputation and has a strong following. I have looked and carried out a similar model. You will be in good hands with Bob and should at least have a chat with him.

Hi Stumpie

Yes we work as buyers agents but run a complete service

Send me your contact details and only to happy to have a chat

My email is nigel@propertyknowhow.com.au

We also work with some of the best people in the industry which is why if anyone is looking to set up a self managed super fund for US investing I would always refer them to…[Read more]

I am a big fan of Texas and Florida but I am mainly focusing on Orlando at present. In all cases the states determine lending policy so back in 2006 during the boom most homeowners in Texas still had to have a 20% deposit to buy a house in Florida you needed a pulse beat. The end result was when the GFC happened, in states like Texas the medium…[Read more]

You should buy a property in a LLC you then declare and pay the tax to the IRS and you receive a tax credit and you then pay the difference between the US and Australian tax which would be added to your taxable income in Australia. Naturally you should seek independent advice.

I think a lot of people have been burnt and its true that the Property market is strong but thats a good reason to stay out of it.
The other issue is the falling Australian Dollar. However if you want to trade properties or buy great quality investments there has never been a better time to do so. Consider

A rising market coming off record…[Read more]

HI Mike

Overall I agree with your comments however I have a full time partner based in Orlando and I have also been there 3 times during the last 5 months so yes I am still based in Australia but I am hands on in the United States and have a very experienced partner on the ground.

What Jay says is correct. I was approached by one of the large companies that wanted us to source commercial properties for them. However they wanted to add a 30% markup. Naturally we have not done business with them. When I decided to stay involved in the US market I decided that i would only stay involved for 2 reasons firstly that i owned half…[Read more]

HI Sam

I would definitely like to back Ivans comments its no good buying a bad property in your smsf either the returns have to be great or it must have great capital growth. The market is at the high point

I could not recommend Ivan more not only does he contribute here but he really knows his stuff. When it comes to setting up or managing your…[Read more]

Lol Jay I was going to ask your secret.

I took 15 months because whether I am investing my own money or a clients I need to know that who I am working with are who they say they are. By that I was approached often by American promoters and was quite gun shy of these people. However after dealing with Rob Keeler fr more than 15 months he turned at…[Read more]

You success is determined by who you are dealing with. To try and do it from Australia is difficult because you don know how genuine people are.

I spent 15 months working on our business before we did a deal. <moderator – delete advertising>

It is good advice because the problem is that on many occasions you are dealing with a so called wholesaler who is not even based in the city where the properties are located.

I have just gotten back from my third trip to Florida in 4 months. I have a full time partner on the ground. This is what we do with flips

We drive past look around the…[Read more]

I agree with Jay

I often say its not the can do attitude but the cant to is the problem and by that I mean people will often tell you what you want to here.

When I am talking to a person interested in using our service i will hand out a list of existing clients. If companies are not prepared to do this then you have to ask what are they hiding.

I think this is a good thing Ivan

However I suspect that like most things ASIC do it will need to nothing.

If these people were serious then they should be prosecuted.

I spent 15 months with my partner Rob Keeler before we put a single deal together. Unless you develop a contact and perform due diligence on them you are more likely to lose money than make it. You either have to find someone to work with or go over and hope you make a good contact. If you decide to do it all from Australia and do not want to use…[Read more]

There are always opportunities however you must have someone that you can trust on the ground if not you re playing Russian Roulette

We do this all the time. I am currently in Florida and my partner is based here. We do everything for flipping properties to higher level commercial properties. However to do this yourself you need to live here and understand the market, easier said then down.

How successful you are with investing is determined by who you are dealing with.

I am back in Florida at present buying more deals and doing more forward planning. Market conditions are good however it is always important to do your due diligence. When it comes to the US your investing who you deal with on the ground will determine your success

Then you have a free and clear property

However

How big is it?

How many bedrooms?

I think that this is a bad investment, however how bad depends of my 2 questions

Also where is it?

Firstly most banks will treat this as a commercial loan so you will need a larger deposit.

Secondly capital growth on these properties does not really happen infact in some cases the values fall

The returns are not good

Now the purpose of an investment property is to get cash flow and growth since this investment does not do either why would…[Read more]