Jay,

Welcome back buddy. We have been missing you !! Your right. The markets have changed. Dallas is much like others where the hedge funds have moved into town making it hard for the individual investor to get a look in. Prices have risen and it's hard to compete against the billions of dollars that hedge funds have. Pretty well all our inventory these days is sold direct to the hedge funds.

Hi sonic81,

For single family homes you will find it very hard as a foreign national to get anything but private finance usually having terms from 50% down and rates at 8.25%.

As far as I know we are the only company that has access to a bank in Dallas that gives finance to foreign nationals. 30% down with a rate of 5.75% over 15 or 20 years. All you need is a Texas LLC & EIN in place….no SSN needed.

The real problem I see is that you don't have title to a motel room under US laws so exactly what is it your buying into ? Look the return if it is true sounds good but what about an exit strategy ? As the old saying goes…the higher the returns the higher the risk

Looks to me like a Tigers & Cardinals World Series !!

Jay,

Agree 100%. It's all about what expectations they have been sold from the beginning. Investors do need to appreciate that there are some major difference between property management in the US & Australia. It is unrealistic and naive of these investors you mentioned to expect otherwise.

My guess is that they know they have been sold a lemon and are anxious each month that at least rent is being paid to make them feel better.

In my experience most tenants do & will pay their rent on time but there are always going to be a few that are late. My latest property that I purchased late last year…the tenants hadn't missed a beat but then the head of the household lost his job in August and rent was half paid for that month. Fortunately this month he is back on track.

Adropro

I have had this discussion with BMT. They will prepare a Depreciation Schedule for US property. They just need as much information about the improvements to the property as possible and dates etc. Cost I recall was in the vicinity of $500

Hi Joel,

Very observant of you !!

Yes you are correct. These are Texas Cash Cow homes that we own and have been refurbished by us.

Obviously that hardest thing to do on forums such as this is to be as constructive as possible without being seen as being critical or negative. I'll do my best……

Jeff let me first of all congratulate you for admitting your a "middleman". Your a link in the chain that  perhaps isn't necessary but you see yourself as a conduit between the actual seller and the buyer and provides advice and customer service. Would you be brave enough to tell us if you charge a fee for providing this type of service ? Again I am not being negative nellie….I just think that should be clarified.

Unlike most…. I can tell you for a fact that we do own every property that we sell to buyers. I am based here in Australia but am simply an outpost of the US company based in Dallas TX. So when you deal through me your dealing directly with the sellers. Same price, same service just a different time zone. There are a few Aussie companies that sell our inventory (one in the past even tried to sell them at a higher price then what we were selling them for until they had all agreements terminated as a result). It makes me laugh when I look at their websites and they claim "exclusive listing" and how they can unlock all the secrets in exchange for a hefty fee in the thousands of dollars just to assist you. That's the part that I think most on the forum are critical of. Paying all this money when if you go straight to the original source and cut out all the sales companies you find you get the EXACT same services etc for free.

Hi MillaLou,

Welcome to the forum. I am sure if you search the forum you will find plenty to hear about users of MyUSAProperty. Plus they of course featured on the ABC's 7-30 report due to this actual  forums members perseverance.

It would help if you posted some actual figures so you can get some informed opinions from forum members & experts. Plus the numbers would assist anyone contemplating investing in the US.

I guess if you went via MyUSAProperty then your using the Accountants from Geelong ?

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You would need a couple of bottles of red to go through this forum alone and by the end of them none of it will make any sense. As far as other countries….not my field of expertise. There is a mortgage broker in Brisbane named Richard on this forum and I think he assists with UK purchases. Then there's zmagen on this forum who specialises in Japan. I'd check with them about opportunities they could assist with.