As you can see it’s a matter of opinion, and of emotion. I tend to see change’s view that if you borrowed absolutely everything and still turned a profit it would be CF+. However, the simplest definition is that after everything including tax refunds if you ended up with a dollar, it’s cashflow positive.

I don’t think it’s important, what is…[Read more]

Perhaps before accepting or rejecting Kiyosaki’s theory we should consider what he said, rather than who or what he is?

Basic idea – millions of boomers retire, starting around 2010 at at 60, and accelerating thereafter. Pension funds need cash to pay the boomers and therefore start selling their stocks. Stocks go into free fall, panic, market…[Read more]

What the folks here are saying is that it’s not your calculations that are at fault, but your assumptions. Are you assuming that you must pay full price? Is there another way to structure the deal? Can you increase the rent/rental attractiveness? Can you offer something else to lower the price (eg faster/slower settlement, cash offer etd?)

In…[Read more]

Take a deep breath and analyse the figures – are you actually in strife, and is it because of the investment property? The answers to these questions should help you figure out your next steps.

Andre

Australia has some restictions about foreigners owning real estate. Best for your buyer (not you) to ceck these out. It would be difficult for a bank to lend, the well endowed foreigner is a classic case for a wrap contact.

To all who are interested in direct US investment without bird dogging fees, I’d like to hear from you.

If there was enough interest, I would consider running a buying trip, connecting you to realtors, attorneys and accountants and financiers. In regard to the finance, I can’t guarantee that you will qualify, but there will be a range of…[Read more]

I think a lot of people miss the point here. Suppose engative gearing is cancelled. It is HIGHLY unikely to apply to investments that already exist (they will be ‘grandfathered’ just like pre-CGT assets and just like they were when the Govt briefly eliminated NG in the past).

They key is what happens NEXT. NG lowers yields by supporting prices…[Read more]

You should also look at the option of putting the property into a trust (hybrid if you wish to negatively gear it). Also if you are an employee a simpler way is to salary sacrifice the interest payments, regardless of the joint title. Or so I’ve been told.

Think about the LONG term in your asset decisions and get advice,

Originally posted by westan:
Hi Quggles

those are good rates (6.5%), do you know if the person who offered this to you has actually financed foreign loans ?
From my personal experience and those of people i’ve spoken to- in American everyone says “Yes” i can get you a mortgage , and then they run around to see if they really can , in nearly all…[Read more]

The controlling trustee will appear in the trust records. I think you need some professional advice from a transtasman specialist.

I once bought a large property in QLD – except that I couldn’t get finance and the sale fell through. Imagine my surprise when I saw this very unique property mentioned in 0-130 properties: the Melbourne investor who was my competitor and who bought the place was our very own Steve McKnight.

So here’s the deal, Steve – just give me 50% of your…[Read more]

Yeah, i was offered 6.5% on 80% LVR. As I said taxes and fees were around $5k (I note Westan had managed to reduce this to $4k), which is a little too rich for my liking. I will consider it to build up a credit score. OTOH, if someone reading this wants to earn 8% on $500k, I’m willling to borrow it and invest it over there, with guarantees over here.

There’s no real difficulty GETTING finance, the question is whether it’s worth it. Westan, I know you talked to me about experiences but I don’t believe you have shared what the upfront and ongoing costs of finance are. If you’ve have better offers than I have, let us all know about it!! Everyone will be better off.

Originally posted by Brisbane 04:
Hi Quiggles,
Thanks for your response.What sort of set up do you require for asset protection and purchasing over in USA.Thanks Martin

Martin

I go for an LLC set up as a partnership. Read Kiyosaki on the subject (and Keith Cunningham). Operates pretty much like a discretionary trust over here, but there are…[Read more]

Hey Dan,

Quiggles here. In order, if you bought a duplex for $10k you could expect zero rent. It’d either be a dump that needs about 30k in rehab to make it livable (and you can DIE in the weather up there) or it’s it a warzone and not even an ex-cop turned property manager would dare pick up the rent.

Rentals tend to be from 275 to 450 per…[Read more]