Forum Replies Created
Hi Aussie Fly,
I agree with your previous post. The person you are dealing with needs to be knowledgable about the product. At the end of the day he is more or less a saleman selling a service. I am dealing with Alistair and Tony who both have full understanding of the service and market in the US. It looks to me like you got the new boy or maybe the weekend cleaner by mistake. I would email myusaproperty with your concerns. Any of my concerns have resulted in a prompt call and or email with a satisfactory answer.
I have been happy to talk about their service with friends and family who may considering doing this as well.I hope you resolve your situation and get the results you want.
Hi Aussie FLy,
Sorry to hear of your experience. I have been dealing with Tony (national licencee) and Alistair. Both have been really good and patient while we got everything together over here. We did have once minore hiccup, but some of that was our fault with delaying in getting paperwork returned. When we expressed disappointment with missing a couple of properties the CEO phoned me personelly to make sure I were being looked after in the right way and invited me to call him directly if i had any issues.
We are in the final stages of the process. We have numerous photos inside and out of the properties.
While I agree your "agent" should have been alot more and I mean alot more in tune with things like UE rates, location ect of the properties you also need to take on some responsabiliteswith your homework. Getting to know the area ect. Try Zillow.com, trulia.com for historical info on the said properties and you will then know if your agent is leading you up the garden path.
My experience has been good so far and we are more or less at the settlement stage.Rick
Hi ALL,
I am different again. I have deposits down on 3 houses in Kansas City MO. From what I have read this is a stable City not a boom / bust type of place with lower than average unemployment and steady population. All houses are offering 15 – 20%
returns.
It looks like everyone has different ideas on what are good places to invest. Each to their own as long as you are doing something that you believe suits your goals then go for it.I used home equity via line of credit which has been approved.
Just getting US finances sorted LLC established and bank accounts set upAll looking good for us now. Barring any problems with bank here we will be owners of 3 houses in Kansas City Missouri.
All rehabbed and ready to be leased (1 is already under section 8 lease, the other 2 are vacant i believe).
Exciting times. If all goes well will look at another 3 in about 12 mths timeHi Brennan,
The accountants we are going through are McHenry Partners Melbourne/Geelong Victoria.
I live in Geelong area so I were happy to see them accosiated with My USA Properties as I know this company and they
are well respected in this area.
I have received follow up email with the paperwork needed to open LLC or an Australian Ply Ltd company and family trust.
LLC will be my choise i thinkHi MJ,
I went to the link you had up and had to laugh. I saw a familiar property advertised. It is one I put a deposit on through My USA Property last week. IF 2 companies are promoting it it must be goos huh ??
Hi MP,
The person I am dealing with is Tony. His email is [email protected]
I am sure he knows who would look after that side of things within their company.Also you have knowledge of Kansas City MO. Like to know your thoughts on the area in general.
Thanks
Update:
We spoke with the independant accounts last night. It was good to hear about the different ownership structures and methods of personel asset protection. If not borrowing at all in Australia (Cash deposit) then the general idea was Pty/Ltd Company and family trust (depending on income souces 1 or 2 wages kids ect) or if using equity from Oz property then LLC was the preferred set up. All set up and going costs were explained and iformation to be mailed to us. So far everyone has contacted us when they said they would and things are progressing fine.
Will report as more developsRick
Hi Elisa,
Totally sight unseen. We have done this before with Australian property. Done the background work on the area and then moved in it.
The area recommedned to us was Kansas City MO. From information i have read it is a stable city which historically hasnt had huge rises or falls in capital values. Currently low rates of rental vacancies. The 3 properties we have put deposits on are between 40k and 60k, fully rehabbed. 1 has current tennat in place. the monthly rent ranges from$750 a mth to $1025 p/m.
I have seen pictures of the properties but in the end I am not overly concerned with the look of the property as long as the return is there.Hi All,
New to this forum, but my wife and I are currently going through the process of purchasing 3 properties through Tony and My USA Property. So far it seems a good process. Moves along quickly and they use some outsourced companies that I know and trust which instills more confidence.
The properties we have deposits on are in Kansas City M with net returns (prior to any loan repayments) of between 16-21%. All have been "rehabbed" and ready for tennents( one already has tennent in place). So far I have found My USA Properties to be easy to deal with and have answered all our questions.
