8-10% of home value or loan value? and 5% origination..so property value = $100k, 30% downloan = 70kso ur saying possibly 10% + 10% +5% = $17,500 in fees? is that paid upfront or tacked on the loan?

Treasure Hunter wrote:
Hi Paul, Have you considered avoiding these companies and doing it yourself, so you really know where your hard-earned cash is going? As Steve McKnight told many of us at a recent seminar – "don't be a lazy investor". (referring to using the services of turn-key companies). There may be (much) more work, but if you…[Read more]

CheevesFinancial wrote:
Saw this video a long time ago.  It does certainly portray Lehigh in a negative light.  However this video was shot in 2007 I believe which is when the crash was at its worse.  Builders walked away from jobs, defaults were at high levels and crime was up.  Crime was predominantly theft.  Empty homes = vuln…[Read more]

http://www.youtube.com/watch?v=Pgbj7znznHwwhats your thoughts on this video Cheeves?how strong is rental demand is the major question?

well I assume their will be some sort of clause to stop a quit claim deed, I guess the question is at what number of properties is it smarter tax wise to place them all in an LLC, im guessing around 3 or 4

isnt there an issue where it has some clause in the loan whereby the sale or transfer of thte property requires the loan amount to be repaid?

say you can find financing for a property but they will only finance in your personal name.. can you transfer the property into an LLC after this? or does it cos a big tax headache as the loan then isnt a business deductible expense? (its still in the personal name)

Treasure Hunter wrote:
Hi Speedy, Thanks for sharing your clear thinking on your approach. I gather from some of your other posts that you concluded that Texas works for you. I understand their local economy is (relatively) strong and unemployment is lower. But it also appears that Texas never had the property value plummet that Florida,…[Read more]

melbourne girl wrote:
So I would take it from this comment that you supply finance to the US also?  What are your charges?

not at all, if you scour through all my posts you will see that im not spruiking or selling anything.On the other hand if one was to look through all your postings on this site, 100% of them is advertising either My USA or…[Read more]

melbourne girl wrote:
What a statement.  I can only speak for myself and my partner.  We are happy. We like the service we recieve. We are used to paying for service.   We are investing for the future, not a quick return. With every loan we have been given a spreadsheet that is very comprehensive as to the costs including maintenance, rep…[Read more]

melbourne girl wrote:
We got 7.75% fixed for 5 years.  Purchase price $42,000.Our fees were $2200 for finance.  Worth every last cent.  They answered so many questions and spent so much time going through everything with us. I think the non My USA Fee is $4400.  They said thats because they know the quality of the My USA homes and that when you…[Read more]

out of interest, those buying in KC, what side of the border are you looking at?

Nigel Kibel wrote:
That's right we find properties before they are forclosed. We take them over and part of the deal is that they have to leave the note or mortgage in the property. So in most cases you are taking over a property worth between $120,000 and $140,000 that will cost you between $20,000 and $30,000 with an existing mortgage of say…[Read more]

Troy McErvale wrote:
Achieving a mortgage for a non resident is almost impossible, but still able to be achieved, depending on a number of factors. The biggest problem is that the almost sole source of liquidity for US lenders is Fannie Mae, and Fannie Mae (nor Ginnie Mae or Freddie Mac for that matter) extend credit to individuals who are not a…[Read more]

http://www.bloomberg.com/video/65553194/

kong71286 wrote:
I strongly believe that Silver is biggest investment of this decade. Not only has it been a monetary metal for thousands of years, but it is also an industrial metal used in all sorts of applications (http://www.silverinstitute.org/silver_uses.php).  I am so confident about Silver that I have invested all of my funds into…[Read more]

http://www.bloomberg.com/video/65538816/

RickH wrote:
Hi MelbGirl,We are going through Melinda at Loans USA. They said they are using us as a test case with a new financier and that it would take longer to get through but LVR upto 70%. She has been no problem to deal with and was 100% correct it has sorry is taking a looooooooonng time to settle. It has been approved by all within the…[Read more]

lucigoosey wrote:
Hi Speedy….. i may sound like i know what i am talking about but not really…. I dont understand the exchange rate risk, could you explain?

your investment is paid is US dollars (rent), your loan is paid in AUD. If AUDUSD goes higher when you transfer the USD to AUD to pay the loan you will have less money to do so. Also…[Read more]

lucigoosey wrote:
Why not just borrow money in Oz seems to be similar interest rate…then? draw down on equity or something like that? I guess everyone is in a different situation with their finances.

exchange rate risk