When I saw Dominique Grubisa's asset protection product I ran it past our lawyer and his feedback was just the same as Terry's: not gonna work. At best it might mildly discourage a creditor because they have to jump through an extra hoop, but if they want their money it will be easy enough to past it. He also referred to "uncommercial transaction"…[Read more]

Catalyst wrote:
If you get the chance go to a Chris Howard weekend. VERY motivational and free. They do have extra courses you can sign up for but there is no hard sell.

Hi Catalyst,

Unfortunately we do not have any further Chris Howard events planned. The closest program to that which we currently offer is this one:…[Read more]

jayhinrichs wrote:
This is a tremendos product, Is it only for REO's that are owned by this intitution. most sweet heart loans are to sell their own REO's. If not best I have seen rate wise for sure.

Nope, this is arms-length lending. The bank does care about the property being financed: generally they want to stick to Phoenix only, good…[Read more]

Hi Alex,

I don’t think you meant to write $3.96 billion, so could you please clarify the value for us?

Thanks,
Ken

mmandbean wrote:
There is a $995 joining fee which is refundable on purchase of your first property. Their website: http://www.usinvest.com.au/They have quite a high handling fee for their properties – over $3K.

Although I am not familiar with these guys, $3k is a reasonably typical sourcing fee per property, I have seen figures as high as…[Read more]

brent.spooner wrote:
is there anywhere that will lend finance at low interest rates with a 50% deposit ????
ive herd of vendor finance over there is this common??

Coupla things (including some big news):

I’ve only seen 1 vendor finance deal recently: a guy had 16x 2 and 3 BR condos that he was selling and would finance 50% at 8% per annum. It…[Read more]

brent.spooner wrote:
hi im a 26 year old from perth. my goal it to get enough property over the us, over the next so many years to try to get a rental income of 100k plus . i work 2 days 2 nights 4 days off in the mines and i also sell realestate on my days off

Hi Brent,

One of our members who came on the tour to Phoenix last week is also a…[Read more]

krefter wrote:
Very difficult getting correct info on ATO compliance on whether a SMSF can borrow money overseas. We have formed a company and an LLC with the SMSF, but info is hazy. Non compliance will cut right across ALL SMSF investments not just the US ones. Anyone done this and feel comfortable?

I received advice from a SMSF specialist…[Read more]

Alex SC wrote:
Now this is just my preference but do the  resellers or teams,. actually own  any properties in those areas. Now if they are just reselling with a team from the area. That to me ,we be just as bad . I would think if these markets are so good. We would be seeing  them keeping some one sell deals.

I think this is a great point an…[Read more]

Qlds007 wrote:
Catalyst Yes very observant of you.My thoughts exactly. Very well timed to join up the day a comment about the Company you partner with has been mentioned in a post.

I’m not sure if this was directed at me, but I’ll answer as if it was. Two things:

1. Actually neither Phil nor ourselves were mentioned in this thread until I d…[Read more]

Hi Richard,

Qlds007 wrote:
Hi KenPlease can you tell me why Phil only recommends new property (and by the way i am fully aware of the Capital Allowance / Depreciation argurment) when since the Doomsday book land is what has increased value and not the property itself.Buyers Agents often recommend a property that is a year old or older and do it…[Read more]