Hi Lee,

Firstly so sorry to hear about your experience. As you know, the mortgage broker should not be recommending property. Yes, property is such a unregulated minefield, however, there are so many brokers/ solicitors out there getting people into a off the plan property and taking a cut on the side. They should only be structuring your loan…[Read more]

Anything Trusts speak to Terry….Seriously Trusts do my head in.

Cheers Ivan

Get a free consult – each advisor will be a auth representative of the license much like AMP, make your judgement based on your initial meeting with them and see if you agree with their offering and have a good ‘gut feel’ with them.

See how you go.

Don’t let them sell sell sell, ask questions, what value will they provide…

Cheers Ivan

MTR – not sure you will get the right help here. You are a success story – as we have said elsewhere, the US market is ‘rebounding’ in what I call the end of the “7 year doom” that is those who defaulted in 2008 can now get a mortgage. As a result, those people are now buying leading to price increases and in my opion this effects rental yield. So…[Read more]

Robert

I have copied the post from PC

The value of the offset account is underrated, particularly with a high balance fund with cash in the fund at settlement, this can quickly turn your property into positive gearing by reducing your loan interest. Powerful calculation in my opinion.

From the list you have provided (which captures all), each…[Read more]

Hi there – there is a number of threads on x-collat – try a search and there will be a number of threads.

Cheers

Steve – Thanks for the post.

No offence but in posting this – do you have an association with them? if yes, I think you should disclose this, its unusual for you to pop open a thread with a post like this? please take this constructively.

My firm has been sourcing finance for US property purchases for over two years without issue. A number of…[Read more]

Good stuff Work – take my feedback constructively. Good luck on your journey

Cheers Ivan

What makes you think it will be worth a lot more Worm?

Cheers Ivan

There is a heap of content on serviced apartments here and elsewhere. It is a big NO.

They have no capital growth and yes a high yield but you need both to have a successful investment. You may also have issues financing the investment as most lenders donot like the security. Never seen one that is a success most like student accommodation. Cheers Ivan

Getting away from the snow bro?

Coming to Mel at all? if yes, drop by for a pivo.

I will be in the states late april early may, however not in Ohio, hope business is killing it for you.

Cheers Ivan

What were the good things your accountant mentioned? which company?

Buyers agents may or not work and will depend on a number of factors, fee is important as well as the track record of success. For me, I’m a control freak so would not be able to use one, however if I did, I would be first asking for their track record of success and once they…[Read more]

Ringwood – good luck and look for a heavy pricetag – Ringwood has exploded in last 3 years for the following reasons:
1. Costco
2. Shopping centre expansion
3. Eastlink – infrastructure
4. Chinese investment – the chinese have been buying land here to redevelop close to schools – 900sqm blocks are going for around a million

Better places to go…[Read more]

Hi there – lots of opportunities in Melb and Werribee may have great benefits but I do not see them. To assist you – you will need a strategy…why Werribee? the place smells bad and that says it all, lots of opportunities other than werribee….

Cheers Ivan

Gurtofen

Most of stsevs reply’s are covered in my posts here https://propertychat.com.au/community/threads/passive-income-fund-usa-commercial-property-steve-mcknight.7489/page-2 go to post 24 and 30 – as I say, its simple due diligence, i’d prefer if you contact the fund manager direct, however you are encouraging discussion of accounting…[Read more]

Good to hear Keith – at least you have chosen to seek a second/online opinion to perform some sort of due diligence to determine if its right for you – thanks for checking in.

Cheers Ivan

Did your conveyancer request a extension of settlement without penalty pre settlement date?

There is a difference between a emotional and investment decision, a smart investment decision does not involve holiday. I have a holiday house, its great, its a emotional decision, yes it has done well for CG however, its not there for yield….you need yield and CG and not sure a holiday apt will provide that outcome.

Cheers Ivan

Hi Jo – I suggest (if you have not) to start with a mortgage broker. Most mortgage brokers are property focused and will provide you with the answer to the first key question of how much you can borrow?

From there – you can ask the broker all the questions you need to know and get an objective answer, I am not convinced that a ‘financial advisor’…[Read more]

I might look at pricefinder – I feel like a bloke who went to a seminar and bought a house and land package with RP data so much incomplete data its not funny – they promise training for my staff and deliver nothing. RP data is crap for apartments.