Hi Jeff,

Apologies.  I haven't logged into the forum for sometime so did not get a chance to reply.
We can assist with anything you require.

Our contact details can be found at http://www.ipropertyinvestors.com
or [email protected]

Let me know if we can be of assistance.

Happy investing,

Kim

Hi All,

We are a small group of Australians who have been buying investing in property over the last couple of years. We have been informally servicing a small group of investors buying properties in USA.  Recently, we decided that there is huge opportunity here for Australian to invest so we decided to formalise the service and we are in the process of setting up a company to assist fellow Australians.

We travel back and forth between Australia and USA.  Our home is in Australia.  We are currently in USA in Las Vegas for the last 2.5 months doing property deals.  I can tell you that the property market is moving here for good properties and the prices being offered are over and above the asking price and they don't last on the market very long.  We have missed out on a number of porperties where we offer 10-20K above the asking price offering cash contract to miss out on the property. Of course, there are the properties that sit there for ages so please beware of those as they have not sold for a reason.

Another point to be aware of is that the properties look great on the net only to find that there are issues with the property when we visit them.  For example: missing kitchen cabinets, appliances, cupboard doors, broken or missing windows, missing window covering and light fittings, pools that are green on viewing but it was blue on the internet, spas that were full that are now  dry and desolate, plants that were healthy in the photos are dead when we did the inspections.  So, what looked like a great buy requires additional injection of capital to bring it up to rental standard.

Happy Investing,

Kim

Hello Martha,

Thanks for posting a great question.  I am a property investor who totally agree with you that positive cash flow properties in Australian are as rare as hens teeth.  So, we started looking else where. 

The United States offer some great opportunities so we decided to venture over here (USA) seeking some opportunities.  We have been going back and forth from Australia over the last 2 years buying and selling properties for our small network of investors.  This visit we have been here nearly 3 months.

I can tell it's a steep learning curve since their system works differently from Australia.  Not only it's different between countries, it's different from State to State and even County to County. 

First step is to understand the legal sysytem, then to understand the finanacial system, then find properties in area of potential growth.  While there is potential growth in all areas in US the potential varies from area to area.

I don't agree witj Jesky72 that a person can just come over here for a few weeks and buy a property wisely.  Anyone can buy a property within minutes but hat is not informed buying where eveything has been considered and analysed.

We can assist you in finding properties if you like to join us. We have been doing this informally for the last 2 years. We decided that we are going to start to do this as a business and open it up to all Australians so they too can share in the opportunity as there are SO MANY.  We are setting up and company in the United States just to do this. 

So if you are interested let me know, we would love to assist anyone who would like to take up this golden opportunity.

Happy Investing,

Kim