Hi SpeedyJust be aware there are a number of PM agreement that I have read that specific exclude these policy and will not deal with the insurance company re your property('s).In one I also read that they would take on the property but would not allow the renewal of the policy.Regards

jayhinrichs wrote:
us investor,I guess we all will agree to disagree about PM… It is the most thankless business I can think of in the residential relm.Unless your really large like 2 to 10k units and mainly multi family and you run it like a well oiled corporation. And those companies that do that only buy A and B buildings your never going…[Read more]

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 ft.  I agree, zillo…[Read more]

Alex SC wrote:

usainvestor wrote:
AlexYou could try James at US Taxcentral but he charges just to talk to him and unfortunately tends to talk in riddles. (whether intentional or just BS I just don't know as in the end I didn't get the answers I required)Other people have used him and found him to charge reasonably and perform the work…[Read more]

AlexYou could try James at US Taxcentral but he charges just to talk to him and unfortunately tends to talk in riddles. (whether intentional or just BS I just don't know as in the end I didn't get the answers I required)Other people have used him and found him to charge reasonably and perform the work efficiently.Regards

Hi JayInteresting stuff.Went of and found the s1033 as per http://www.law.cornell.edu/uscode/usc_sec_26_00001033—-000-.htmlbut can't readily find anything about the ratio of debt! Can you highlight section that relates (for future reference)From your explanation I gather that a 1031 can also apply to REIT? Which is obviously where the majority…[Read more]

engelo10 wrote:
Hi guys,Who is interested for a get together meeting to discuss investing in the US? I would love to meet up with like minded investors and bounce ideas of each other. Please no spruikers as I dont want to be sold to yet. I am based in Sydney. Thanks for your time.Regards,Engelo

So, is this meet up happening?Regards

Admin@atlantaallgoodrealty.com wrote:
You may want to shop around before making your decision. Atlanta All Good Realty buys, sells, and manages properties for investors. It is a small company, but it offers each of its client individual attention. It is fast. It completes renovation in a week on average, rent out houses in two weeks on…[Read more]

ed01 wrote:
Hi guys, Love the new house worldinvestor. Just a quick question as I'm brand new to the forum, and stumbled across this post whilst looking around. Where do you get your finance for this type of thing? In Australia, or USA? My brother and I are planning to start investing in the US property market this year, but just not quite…[Read more]

jayhinrichs wrote:
I am also working with FP's in OZ on buying an ASIC approved company in Austrialia to be co owned by the OZ FP companies and my mortgage company here in the states.  The intial loan product would be for wholesalers acquisitions and would be very very competitive to what your holding cost are today, And we might be able to do a…[Read more]

ubrowndog wrote:
Apologies if this has already been posted – had a look and couldn't locate anything. I have just purchased a property in the US (Atlanta) under an LLC. The property management company has itemised the following fees: Monthly fee: $50.00    Looks like they are charging you 10% management feeTenant sign on fee: $500.00    [Read more]

Alex SC wrote:
 To tired to really think but this is not trueWhen buying in the USA you want to make sure you have a clear title to buy and no liens. Not sure who told you this unless buying from auctions where you could have liens when purchasing .

Hi AlexI am not talking about a lien when I am buying but ones my LLC owns the property. In…[Read more]

Hi KyleA lien is not a bad thing when you hold the paper yourself (through entity or whatever)What having a lien on your property provides :-     An impediment to a fraudulent sale. Property can't be sold unless you discharge the lien.     Dissuade people from suing the LLC as the assets are committed and with a higher order credito…[Read more]

Hard to get back to the original subject – so much spruiking but all good info (good or bad)To date we have 9 SFH's in Atlnata area. Been buying since May this year. We are not buying turnkey but doing reno's after purchase and then having to source tenants. Only started getting some rental income in October All up we had rented out 6 properties…[Read more]

click85 wrote:

usainvestor wrote:
I have used Inc Paradise in NV to set up 2 LLC's.For about $350 they will set up the LLC and provide a vanilla operating agreement and 2 years of registered agent fees. Just look on their site for the sample documents and services provided.If you are going to use Top rental returns then as part of the initial…[Read more]

I have used Inc Paradise in NV to set up 2 LLC's.For about $350 they will set up the LLC and provide a vanilla operating agreement and 2 years of registered agent fees. Just look on their site for the sample documents and services provided.If you are going to use Top rental returns then as part of the initial purchase they will provide a LLC as…[Read more]