Jay

As has been the case all along the returns in the US have to be very generous or else the headaches associated with investing in a different jurisdiction is just not worth the effort.

Thus with the reduced returns from more expensive US properties and then add to that the falling AUD and the limited capital gains in the US why would any sane…[Read more]

Lot's of people are now getting 'dear john' letters from Wells Fargo.

It seems anyone who opened an account without actually being physically present is having those account summarily closed and they will send you a cheque for the funds remaining in the account.

The deadline for the closure is early September.

Seems that the Patriot act the the…[Read more]

Hi Jay

Understand that there would be a legal process prior to a lean (as is in Australia).

What I meant is that at least there appear to be some assets that could be pursued if you get a favorable judgment.

The question is how many $5k chucks has he ripped and would there be room for a class type action?

Regards

<moderator: delete personal comment>

I have found a house that's owned by a Corey Fuller

The address is 2270 Sheryl Dr Decartur 30032

Parcel ID 15 138 01 011

He also comes up under a company

Fortis capital

http://www.fortiscapitalpartners.com/Index.htm

But there are no contact details.

And he comes up under Fotis Capital Partners LLC but…[Read more]

Just need your passport and maybe your drivers license. I can't remember whether I had to use my drivers license but you should have it with you anyway.

We went to this branch only because a friend had used this branch a month previously so they were aware of Australia.

Wells Fargo

3800 Howard Hughes Parkway
Las Vegas, NV 89169, United…[Read more]

I just don't understand why people are still using their own mobile's or services that you need to pay for!!!

Use google voice you can make all calls to the US mobile or land line completely free of charge,

Have now used this service for many hours.

Regards

emma171 wrote:
Calorie count = task … Hate Squats (don't we all) – how much does squatting to paint baseboard trim in semi gloss paint add to your house? $3000 – how many squats does it equal = 3,000 – calories burnt ENDLESS – do you NOTICE them  – NUP… your house looks prettier though – your arse just burns afterwards…. I have NEVER in…[Read more]

Ilovehouses wrote:
Not sure if anyone can help me.  I became the money partner in a property purchase in the U.S.  The deal was that I would buy the property plus provide the funds for the rehab.  The property was already pre-sold  I was to receive 17% in 3 months time.  I have a lien over the property and a promissory note from the this guy.…[Read more]

emma171 wrote:
I am in Atlanta if that helps and will lend myself to the cause… As we only charge $115, $1500 to paint a house up to 2200 sq ft and 7% of gross rents for property management with no renewal or reletting fee, if you need someone on the ground I HATE PEOPLE BEING SCREWED HERE!!!If you paid over 8k for repairs and that didn't…[Read more]

jayhinrichs wrote:
WI thanks for sharing,, thats about what I was figuring on your out lay for the props and such…And as you say you stay on them daily to weekly you will mitigate a lot of what goes on…. My point is for everyone that is up for the task like yourselves there are others that are sold this product with the mind set that the PM…[Read more]

nyc88 wrote:
Hi Stu82, Sall94 and WorldInvestor, The US-based accountant said that many countries recognize an LLC as a “corporation” for tax purposes – while the United States recognises it as a look-through entity. In situations involving many other countries using an LLC can raise the worldwide effective tax rate of the investor to more…[Read more]

Be interested to hear further  about experiences with US insurance companies. I recently organized a blended policy for 4 of my properties in Atlanta which means that I am paying slightly more but covered when the property is empty without having to immediately advice the insurance company.Regards

AntheaProperty wrote:
I have recently come across a co called Memphis Investment Properties. They offer a full service. Their prices are on their web site. They do deal with international clients. They seem to have multiple repeat clients. Memphis is the headquarters for AutoZone and FedEx. Memphis has the US's third-largest railroad hub and the…[Read more]

worldinvestor wrote:
Hi Allsome time ago we discussed cages, just got this from a friend who has researched this and is using these for his properties in Atlanta. They are not cheap, around $650 each. Much better than the norm.http://westendcages.com/WI

I recently installed one of these cages and was very impressed by the construction of the…[Read more]

I was the one angling to purchase this property with the foreknowledge that there are fundamental problems with this house.The whole of the baywindow area inside the house was water damaged and no doubt heavily moulded behind the gyprock. The bank (or someone) had already tried to repair the damage but even the repair was showing water…[Read more]

zmagen wrote:
Have to say I like the owner-financed option as an exit strategy – I'm just wondering how much you could add to the price when selling it, if say the area hasn't gone up at all since you bought? If you add less than 12-15% to your total benefit, wouldn't you have been better off selling it, like Eng says, at no or almost no profit,…[Read more]

Hi AllJust some more US bank knocking.Bpay in the US means bill pay and Wells Fargo will send out a cheque (check) to the person you want to pay. Takes up to 10 days. The most you can electronically transfer in a day is $1000 and this is to an account in the same bank.My general contractor (builder) indicated that if you want to get more than…[Read more]

One of the US guys can most probably guide you better but the bulk of your policy cost is covering the $168k value you have nominated for replacement cost of the property.You do need to cover for the value but only up to 80% (not absolutely sure of the %) of the replacement value or else the insurance company reduces the payout cover.  None the…[Read more]

Lawsjsbut for anyone starting out, I think the way to make this work is NOT buy one – you may be lucky, but you may not. It will take as much effort to run 4-5 as 1, but the averages will make the returns a lot more palatable in the long run.I couldn't agree more that unless you are prepared to buy multiples and prepared to stay for the long…[Read more]