Hi auzzielad

i’ve heard lots of reports about the US property bubble. The thing about the US is it isn’t one market, its many.

There certainly is a Bubble in California, New York City, Boston parts of Miami etc, the east coast and the west coast.
But there are huge parts of the US that are not experiencing a Bubble

look at these acticles, look…[Read more]

Good one foundation [biggrin]

regadrs westan

Properties in the USA 15-25% returns- email to join our database westanjohnson@hotmail.com

Hi Kiwikid

i think you are being harsh on Kelly. I know Kelly and she manages a number of our clients properties. As all the Invercargill managers do.

they all underperform from time to time.

i don’t think she is as bad as you say. i’d recommend her on our experiences.

regards westan

Properties in the USA 15-25% returns- email to join our…[Read more]

Hi Dr X

just my luck to request a survey before you offer money.[cry]

sorry i’ve been flat out will reply with my survey soon.

regards westan

Properties in the USA 15-25% returns- email to join our database westanjohnson@hotmail.com

Hi Don

great news for invercargill.

is there any word on the push to make the SIT a University ?

I am sceptical if it would ever happen and even if it did would it be a benifit ? The SIT is currently great for the city.

regards westan

Properties in the USA 15-25% returns- email to join our database westanjohnson@hotmail.com

Hi Bez3000

i believe this is the case

you will usually find that if you buy a property in a company then you will be asked to make a personal gaurantee anyway. So they would want you to pay any money owing.

Secondly if you buy in a company then you will loose the 50% discount on capital gains that you receive if you hold the home for 12…[Read more]

Hi Nigel

to make it easier for yourself to do the calculations on the in the city your in the property taxes are roughly 3% of the council assessed value.

regards westan

Properties in the USA 15-25% returns- email to join our database westanjohnson@hotmail.com

Hi Guys

you might also want to PM “Minimogul”, a famous personality on this forum, but absent for a little while.

I know Mini has done a lot of research into this matter.

regards westan

Properties in the USA 15-25% returns- email to join our database westanjohnson@hotmail.com

Ok Living in NZ (for another 4 weeks then home to melbourne)

Investments in NZ, Adelaide, stawell Vic, Shepparton Vic, Texas, Buffalo and Central America.
They don’t have to be next door for me.

regards westan

Properties in the USA 15-25% returns- email to join our database westanjohnson@hotmail.com

Well done seaqueen on the good buy

i reckon that this forum is the one place that we can share our success’ without thinking that we are showing off. Unfortunately often our “Non Investing Friends” don’t like hearing how much we are making. Especially when they know they should be doing the same.

So here us a place we can celebrate success.…[Read more]

Hi terry

i have a good friend in Osaka, who is also an investor

he manages the Hyatt hotel, where are you staying ?

he get on the forum from time to time, i’ll email him your post

regards westan

Properties in the USA 15-25% returns- email to join our database westanjohnson@hotmail.com

Hi Matt

what is the problem ?

is it that the managers call you all the time ?

or

is it that when they do its with frustraiting issues ?

Unfortunatly when you own enoughh properties that becomes part of life. I have at numerous times owned 25+ properties and its just part of the deal. But as other have said be firm and consistant and if not…[Read more]

Hi Xenia

me too

westanjohnson@hotmail.com

Properties in the USA 15-25% returns- email to join our database westanjohnson@hotmail.com

Hi all

ttman i was in the same situation in 2003 my accountant said he didn’t want to deal with foreign income matters, which was a shock as he is a very prominent accountant in Kilsyth. I was really disappointed as he is a top guy and great accountant.

I now use Active financial Answers, look up there web site http://www.activefa.com for there…[Read more]

LOL

good one, thats what happens when someone drags up an old post.[blink]

We will blame you hampster ! [biggrin]

Anyway SE of SA is a great spot to visit.

anyone else on the forum want to report whats going on in that part of the world

regards westan

Properties in the USA 15-25% returns- email to join our database westanjohnson@hotmail.com

Hi Guys

wow a fair few replies here.

Wilandel- a CD ? maybe thats just a free plug for an excellent product ?

Kiwiduvet – Del made the coment about Buffalo being another Tok from the perspective that people like to slam Tok. I’m in agreeement with you that its better than Tok. I chose not to buy in Tok, yet i’m buying in Buffalo so thats my…[Read more]

Hi bec

how is the market there in SE of SA going.

i bought 2 properties in Millicent back in 2002 for about 50K (Stark st and Walker st) sold them a year later for about 88 and 93K off memory. Used the money to invest in NZ (which i’ve now sold also).
Just interested in the market , do you know Millicent and what do you pay for well presented…[Read more]

Hi Nigel

thankyou for giving me the chance to explain why Buffalo has become an area i’m investing in.

Sorry if this seems like a sales promotion but i was asked the question. I’m in a hurry right now so i’ll back up the statements i make with more info later.

No one denies that Buffalo has been through the wars as a city over the past few…[Read more]

Hi Guys

well as you know i’m more than comfortable to buy O/S first NZ and then last year started buying in the USA. This year i’ve added Central America to the List.

There are some huge things happening there. I’m not saying this area isn’t with out risk. It is rsiky but the rewards could be sensational.

love to hear from anyone else whose…[Read more]

Hi Misty

i haven’t been to invercargill for ages, but there are some great things happening in the long term. The next few years maybe a bit bumpy but i like Invercargill a lot.

Currently there are some vacancy issues so you need to buy homes that are warm and well presented. Also be careful about buying something and assuming the current rent…[Read more]