Hi Steven ,

Mate the other guys have given some good points.
I would look at some of these things;

1)What are yr goals
(ie-are you trying to reduce working hours?Trying to buy a house to live in eventually?
What is your level of risk ? etc)
2)What are your gifts and abilities?(what are you good at/enjoy?)
(then you can work out what strategy…[Read more]

Hi Paul,
Mate many commenctators are speaking positively about the Gold Coats for the next few years .If you have a few around there already I would look at trying to hold(depending on areas and yr cashflow etc -position)
on until at least 6 months prior to the com games.The market should see a spike !!

Hi Guys and Gals !

Just to bring up an old post here ,

Has anyone had any recent success with splitting commercial units?

I have found it really positive as it splits the costs down for x2 tenants .
Landlord can provide the fitout too which helps boost income and saves tenant costs.

Love to hear some stories !

Hey Guys !HSBC wont give you a loan so a credit ratings a bit of a waste IMO.I got a credit card with them though quite easily which apparently helps later on with them .HSBC are also pretty poor service wise.(net banking)Bank of America are pretty good especially to deal with from OZ(well as easy as possible- being a foreigner in another…[Read more]

"Easy to say; but not as east to execute!Researching something 1000's of KM away is not as easy as one can imagine, let alone trying to researching where in your OWN bank yard will go up and is a good buy…."–Totally agree Shape !!"I dont see distance as a concern,"—Disagree American dream!!Long term holding properties in the usa is not easy…[Read more]

Hey Morgstar !I have done it heaps of times .I used a couple of different accountants in different states.If you only need a federal return done you can use someone from anywhere in the USA.But i am assuming you have a LLC too so best to get a local accountant(in the state yr LLC was set up/registered) to do the whole lot while they are doing yr…[Read more]

Garry Mac wrote:
Hi Luke Thank you soooo much for your post. We have two business associates who have just returned from the US and what you say is spot on. The old saying…"if it appears to good to be true, it usually is". That's not to say that there aren't opportunities in the US, there are. However your warning is very well founded – thank…[Read more]

Hey eiliatan,I would say if you have the discipline to use the money for investing purposes only,change to interest only loan.Unfortunately in the real world many people cant hold back from spending the extra money.For this reason sometimes it is wise for people to pay down their loans with some of the money aswell as saving some too in an o…[Read more]

Hey Guys,just watch out for HSBC .They are easy to get set up with an evryday personal acct in yr name but if you set up an LLC then try get an account they dont like to give you internet access for 6months!!???Yes it makes it difficult ! B of A are excellent although they charge a $16 a month fee on a business acct..There service is the best ive…[Read more]

Hi Playachicken,I have used Bencarmona and have found him to be able to get the deal over the line with integrity and honesty.Hes pretty aggressive with times too.heres his website     http://www.bencarmona.comHey just be careful in the states .There are heaps of sharks in the US real estate game.Be very cautious and get over there yr self  before jump…[Read more]

Hi Guys,I would say if your looking for "positive cashflow"only out yr investments in the USA , dont do it !There are so many hidden issues that arise from investing in another country .It is very hard to make it work !But if yr going to go over to the usa and buy the properties really cheap yrself and re hab them cheap then off load themwhile yr…[Read more]

vselleck wrote:
Hi Henrick and MichaelI have been delighted to be working with Michael and Bronwyn as one of my US Agents. Their experience and specialisation in the Atlanta area are a valuable link in our US chain of agents. I have also entered agreements with several other US agents, with access to properties throughout the US, including…[Read more]

Hi Guys,just a word of warning be very careful buying in the states .There is so much emotion around in Oz regarding buying some cashflow properties in the states and holding them long term .Just be very careful.There are heaps of pitfalls in being so far away .Also the differwent laws etc . I have done it for about 4.5 yearsand it hasnt been easy…[Read more]

I would go false sealings over the top as it will save having to put new timber or backings all though.(old ceilings will have really old warped timber probably)As long as the ceiling needs doing otherwise just neaten it up and paint it.

Hi D2B,The boys here have given good investment advice and is the best way to go in a perect world.But ,many people dont have the self control to leave the funds in the offsett always.They see something they "need" and go the easiest place to ind the money to buy it.Just a thought for you mate.

Hi Rob,I personally reckon if yr gonna do deals for cashflow in the states you want to see at least 30% returnsplus good cap growth prospects because the issues that come up are just unbelievable.The 60-80k fo 600-800p/m are – cashflow ,and very negative at that.The taxes in many areas are 3%p/a plus for starters before other costs.So ,if yr…[Read more]

Hi guys,no prob at all email or pm me and if i can help i will.What i tell people is to definately be on the ground yr self and do yr own deals.Most of (around 90% )the buyers agents are still learning themselves and have no idea how hard it is managing from Oz (No dis respect meant)

Hi Industry developments,Sounds exciting man! Good on you for going for it in the states.I have been investing in some areas over there for about 4 years and have learned some Big lessons .Its pretty tough finding integrity.From what you seem to be saying is you are going ro hold properties for a while and rent them?Then sell when market picks…[Read more]

hi Guys,Canbguy yr in a great positon for sure !! Read and research and read again .Ultimately though jumping in and doing something is the best learning ( eventually when yr ready !)I would recommend you look at commercial property as you have good equity and plenty of cash. Look at a unit possibly ,making sure its got a good lease att…[Read more]