Hi Stu,Welcome aboard. Yes as Alex states….the LLC can own multiple properties. If however you purchase in another state other then where you originally set up the LLC…you will need to register to do business in the other state as well. You will need to do lots of research as suburbs or even the same street can go from "good to hood" real…[Read more]

lol….that's why insurance companies exist isn't it…..to find as many claims as possible NOT to pay !!Thanks for the feedback Alex…..I can't comment at this stage cause I have never had to make a claim. It cost me nothing this last year but is coming up to renewal time so was thinking is it worth it since I would have to pay the next years…[Read more]

usainvestor wrote:

worldinvestor wrote:
Hi SpeedyI stand by my statement regarding US market – its basket case and I would personally would not rely on appaisals etc . Personally  the only way of knowing whether you have purchased at real/market value is to work out how much it costs to build per sq ft and how much you actually paid per sq f…[Read more]

Jay,Spot on….it's a small commercial bank and it's NOT their reo inventory they are financing. I can't see it being any more independent from the sale of the property personally.

worldinvestor wrote:
I would say another major lure to Texas is the fact that foreign investors can source finance at an attractive rate.What I think is incredibly scarey about this one is that the investor receives a "bank valuation" and assumes this must be spot on,  how could you possibly take this seriously in this current market of…[Read more]

jayhinrichs wrote:
So thats how I rationalize it. Last thing on Texas the property tax's can just be monster big.. ONe needs to be very careful before they settle on a house there and get with the tax collector and see where your property tax's will be once the house goes out of Homestead or owner occuppied status to rental status.

Jay….I…[Read more]

staceymac wrote:
PS. I think I have met you at a property seminar last year Nigel? Are you still using Brian in Texas.(this is who I am meeting whilst I am there – be interested in your thoughts) Tried to send a PM but cant send it because I think I am new on here.

staceymacAre you talking Brian Payton from ATW Investments ?? Would be wise of…[Read more]

jayhinrichs wrote:
Astute comments.I never look at Zillow, I might have been on that sight once in my life…. Zillow is all over the map, It can show properties far too low in value then properteis that are far too high in value given local sales. The only way to value propert is through a BPO and get 2 of those.. And or a for fee appraiser…[Read more]

http://www.goldcoast.com.au/article/2012/01/06/379661_gold-coast-business.html

Alex SC wrote:
Guys please there are good teams in the USA and other places. I have spoke with a few Aussie resellers of USA properties but before I do any thing .I am going to take the time to get on a plane fly over and meet each of them.IF you are looking at any one from the USA do the same take the time…Speedy yes good advice but also…[Read more]

Noeliboy wrote:
Yes – Real Estate. I have some documents that I need read.Noeliboy

Okay Noeliboy,The next question then….are they issued from any particular state in the USA ? All depends on what sort of document you are wanting advice on but I would have thought for example if it were a real estate contract issued in South Carolina I would…[Read more]

Noeliboy wrote:
Hello to all,Can anyone assist in recommending a US trained real estate lawyer/firm that lives either in Melbourne or elsewhere that someone has had dealings with.RegardsNoeliboy

Hi Noeliboy,Are you sure your looking for a US trained real estate lawyer ?? Commonly referred to as an Attorney…..these guys don't often have a lot…[Read more]

First of all Richard…..I am sorry to read about your situation. I hate to say it but there will be more bad stories coming out in the future. Before throwing good money after bad….1. Find out of you even own these properties or if they even exist any are any liens against them.2. If you do in fact have title to the places (not thinking…[Read more]

Hi Rob,I have invested in a couple of properties in DFW…more so Dallas then Fort Worth. I have been over to DFW 3 times this year and another planned in January. I agree with why you would want to invest there…..as you can see…you will get different opinions but that's pretty well much anywhere you invest either here in Australia or the USA.…[Read more]

Hi QM,I grew up and live close by to these area's so feel that I know them pretty well. Certainly new estates have sprung up over the years but the reality is they are just small coastal villages and really lack any critical infrastructure. Basically the area has no reliable public transport, quite a distance from major shopping centre's or…[Read more]

biggaz13 wrote:
Hi Money for Jam"My USA Property" changed their name to "US Property Sales Australia" about 6 months ago. All the staff and processes slid across under the new banner. I think you will find the name of "My USA Property" is dissappearing, not the company.Ironically, I bought my first US property through "My USA Property" and it w…[Read more]

Rosa Tong wrote:
the only problem with set and forget investing….is that you really can forget… Liquidating my shares now so that will help with the saving a little. JOY!!!!! when they get sold…. i can then buy….. and set and forget my usa house…. joy!!!!!!

Rosa,I have watched your posts for quite a while now since you joined the…[Read more]

Engelo,This sounds similar to a product that a forum member Jay Heinrichs from True Wholesale Houses does. Slight difference is that with Jay's product…the rate is 7% to 9% on your investment paid monthly. The big difference however is that with TWH…you also participate in the equity of the home and have a note over the home. If TWH went broke…[Read more]

Hi Deputy,Welcome to countless hours of research & due diligence !! Out of the millions of foreclosed homes on offer in the USA….how did you narrow it down to Jacksonville FL ??? Family connections etc ??

Steevg & Lynne,I was fortunate enough to first of all work in the real estate/finance/marketing industry in Phoenix AZ 10 years ago so had some background knowledge to begin with. Then I was able to take 18 months off and do research on the ground in the US and many hours on Skype and google before committing to the first purchase.It does look…[Read more]