Hi PropertyGeek, Thanks for your long answer, it is very helpful. My brother is not a US citizen, he is a permanent resident. Just a few questions additional questions:Does the LLC need to be in the state where the property is purchased or can it be in any state? Can you outline the reasons why you suggest it be set up in Nevada? Are you saying t…[Read more]

I think you may be able to do a low doc loan, but you would have to pay mortgage insurance and I'm not sure what the amount is for a house around the $550K mark. Also, if you have only just gone on maternity leave and your payslip is still current, then you may be able to get a full doc. When I went on maternity leave I took my last pay slip…[Read more]

A few thoughts:Speak to your conveyancer first thing on Monday and advise them of the situation. From my understanding, if you have presented a bank cheque it should clear straight away, but I might be wrong. There is normally a penalty clause in the contract which outlines a rate of interest you pay if you don't settle in time. This is normally…[Read more]

Hi Kylie and LalibellaThanks for your input. You both asked me about the walls, suggesting painting the walls or asking about  the wall colour. The wood panelling IS the walls. Sorry, I must have made it sound like it was something else, the ceiling perhaps? The whole walls are made of this stuff! So it is this very dark colour all the way up the…[Read more]

and tax free!

Hi CarpeIt will take you a lot of time, knowledge and planning to take it on yourself, especially if it is something that you haven't done before. There are many pitfalls but its not impossible. The other option you might want to condider is to go into joint venture with a developer. If you are just after a townhouse for yourself on the block w…[Read more]

Hi LindaI was in a similar situation with renting, helping my mum pay off her mortgage (which I received no income for) and trying to save for a deposit. My situation was a little different in that I was single and that probably provided me with a little more flexibility. I agree with Marc, the first thing to look at is a budget, as boring as it…[Read more]

ttman, didn’t get the PM. Can you send again?

Hi ttman,
I use Southland RE. One of the PM’s there is Evan. He is okay. I haven’t had any monthly bills like that come through in the 18mnths I’ve had my IP, but you have to push him a bit to get things going on occasions ie. he isn’t terribly proactive.

There is an older retired guy called Fred who lives on Yarrow St who I get to do work. He is…[Read more]

Hi Guys

Sat 14th in Parramatta is good for me. I have had a couple of PMs about it. Please PM me if you are interested in attending. I will organise a time and location (somewhere in Parramatta), so at least we can get it off the ground. Kurra or Easymoney, can at least one of you help me organise this?

Bekstar

Is anyone from Sydney or surrounding areas interested in meeting together? Once off to start and maybe regularly after that. The aim would be to get together anyone who is interested in buying cash flow positive properties in the US?

Bekstar

Hi Easymoney

I would be keen to go over with you to check out Buffalo (and other areas). Would that be 5 interested parties so far?

I am currently talking to my brother. He lives in the US (in Virginia) and used to live in New York. I am going to get him to help me set up a LLC (he is a lawyer and property investor) and hopefully get some help…[Read more]