Nigel Kibel wrote:
Happy to meet up with anyone in Melbourne to discuss my experiences over the last 5 years.

Hi Nigel i am based in Melbourne just past the west gate bridge 10 mins from the city and would like to meet up to discuss about investing in the USA. I've already set up an LLC with a bank account with wachovia bank. I've purchased one…[Read more]

Ive sent you a private message USA…..

what i meant is i got a offer from myUSAproperty for a townhouse in Atlanta Georgia for 45k with a tenent currently in there leasing for $900 per month. Is it a good deal???

im actually in the process to register with myUSAproperty…..has anyone delt with this company???

Thankz speedy for the info. i will make sure il do those steps into researching unemployment rate etc…Once the researching is done then i  will have an area to look at and then start getting my finances ready to purchase. I am dealing with Troy for the finance  who is also on this website, has anyone delt with him??? He provides finance for A…[Read more]

Thankz for the information Jeff. Sorry about the fullstops people but thats how i type when im chatting . I will make sure il stay away from condo's like you said and by the way how should i get started researching the area. Any websites you recommend???? Should i start off by looking at umemployment numbers, prices 5 years ago…….etc. I dunno…[Read more]

Thankz for the fast reply ……….speedy gonzales……….your nick suits you ahahhaha…….im interested in the USA market………have 30k in savings…..income 70k + girlfriend 50k …….we are both 26 years old and have one investment property in Melbourne renting out at $320 per week……..the property is worth around 400k ….owing the…[Read more]

Dont really mind who im renting to……….as long as the numbers work out and + i think 300k for 2br apartment is a really good price with $350 rent…….

yeah i know its a dissappointment that were still at square one. If we dont make up our minds to buying a house or appartment were just going to spend the money thats what happened. Im just sick of it and just want to buy IP and make a future for me and my girlfriend. Ran into a couple of hurdles with money the past 6 months so yeah its all good now.

Its a bit out of our comfort zone to start off buying two IP under FHOG but thanks for the tip anyway. What IP is better for cash flow in Melbourne ( residential within 10km of CBD or appartments in the CBD) ? After buying the first IP me and my gf will save another 24k minimum by 12 months so we can buy another IP. Thats our goal for next year.…[Read more]

michaelparis wrote:
Have you got pre-approval from the bank? If so, to what level will they let you borrow? If not, why not?What exactly needs doing. Is it major structural work? Or cosmetic?Can you look at buying in partnership with someone and develop in tandem later? More questions for you. But that's the only way we can help with our…[Read more]

michaelparis wrote:
Hey Sav,that's a nice block of land to "land bank" for future development. For now though, can't you reserect the house to become a renter?  If you can spend say around 10-15 K to bring it up to scratch, at that price (and that's asking…..you may get it for less) it's looking good.Is it vacant now? How long has it been s…[Read more]

Tony B wrote:
SavHang around the shopping area for a few hours at night and tell me how you feel. Yes I can see some positives in Deer Park and it location to CBD also, but it has a few downers. Its reputation is not that great (but as an investment is this something that we can account to $$). Demolishing is costly so basicly you have a 700 2m…[Read more]

Scamp wrote:

devo76 wrote:

Scamp wrote:
Sav : Every month , houseprices go down by 5% or more. Why the hell would you buy now when you can buy for half the price in 1 year ?

Another crap statement. If houses where to go down 50% in 1 year as you have stated in my area that would mean my house is worth around $150,000. It would cost more…[Read more]

Scamp wrote:
Sav : Every month , houseprices go down by 5% or more. Why the hell would you buy now when you can buy for half the price in 1 year ?

hrm…..thats a good point i thought it was a good time to buy because everyone is selling not buying. Im just very eager to get into the market and been delaying it for a long time till now.

harb wrote:

Scamp wrote:
And together with you , 99% of the people looking for houses have 0 options either. So , houseprice will come down since noone can afford them. Easy enough. Don't invest in property for at least a few years.

There are always options, you may not see them clearly or are to scared of the options but they are there.…[Read more]

Scamp wrote:
You're asking the wrong question. The right question is "How much should I borrow to be able to safely survive a depression ?" The answer is well-known : maximum 3 times your gross wages. So if you earn 50.000, you should borrow MAXIMUM 150.000$, and make a deposit of 15.000$ cash.

What can you buy with 150k?

JLtarra wrote:
Im interested in joint ventures into property. Email me your plans to [email protected]

The propery plan looks very interesting. Would you reply to me to my email [email protected] . Im interested in joint ventures

duckster wrote:
You really need a have a joint agreement through a solicitor to cover every situation and set up a trust account. Then you need to save the money to build up the collateral. Probably then buy a property through the trust or as tenants in common.You may need to look at a hybrid unit trust so that if someone pulls out you just pay…[Read more]