Thats a tough one mate.I feel for you .What area is it in ?Price needed for it?I had a lot of trouble finding a reliable trustworthy agent in their but i do have a connection who may be able to talk to you.PM if needed Kind regardsluke

Ha ha ha Seth hey man ???Hes well and truly bankrupted and liquidated  now thank God!!Hey Bardon I just connected onto the forum and caught yr name ,hows things?Mal you could try Ben Carmona but im not sure if hes still in business after the crash.he has integrity which is hard to find in this game.(but dont take anyones word for it check him…[Read more]

Hi Richard,i see yr still on this forum 24/7.Keep up the big efforts man !Try a broker mate,they ll do the running around for you and save you stress.

hi Mal if you are looking for retail prices look at http://www.realtor.com but if you are buying you are much better looking at wholesale properties and their are heaps available currently.To get the best deals you need to be their on the ground and the deals are close by .Among other things,I personally would place an add in the local paper in dallas or…[Read more]

Hey Guys,Mal the Usa is great but i reckon you need to be on the ground to manage it well and keep yr hands on it.If you are wondering why the returns are at 20% on paper ,some are ,but do a little calculation as an example,on say,(put in yr own prices)property cost-(incl settlement etc)mortgage cost 3% gross taxes annuallyinsurance ,thenyr tenant…[Read more]

Hi Mal,I have a good connection at HSBC(the business banking manager) and they tried everything they could to get me a loan being a foreign national with no credit score or SS number.   They said they could do it but then later realised they couldnt.I did get a credit card though from them quite easily and this can help with a loan later.

Hi guys and gals,some really wise words from other members.After having a few years experience investing in the states from oz i would also say take care.If you havent invested anywhere yet it would be much smarter to stay local and get a feel for things first.It is much harder doing things from over here ! The systems are very different too and…[Read more]

Thanks guys for yr comments,It brings up another issue as to valuations too,,what has what a buyer is paying for a property got to do with what its valued at ????I think its wrong that often you have to tell a valuer what yr actually paying for a property before they do a valuation.I reckon thats why you pay them do a valuation??!!!!Then its up to…[Read more]

Hi Yossarian,i dont see how it is fraud ,as long as the valuation comes back at the contract price,i would have thought,but i could be wrong.I think yr meaning it may be classed as fraud  if the buyer doesnt tell the bank that they are actually paying less?Would love to hear from others who may have come across this???thanks alot

Ok thanks alot !Do you know if i can  declare the price received for the property (after rebate)at  tax time or will i be liable for the front page contract price?Im just not keen to pay tax on a figure that i didnt actually receive for the property .In yr experience will the bank still lend on the higher price when finding out a rebate will be…[Read more]

Hi Terry,I didnt know it was classed as a rebate. The idea of the price reduction is so the buyer can borrow more due to the bank lending on the (higher) front page contract price.Then we give a reduction on settlement if settled by a certain date (written on the contract.)What are you saying by you must take this into acct?thanks manLuke

Hi Mel,well done ! you must be pretty excited hey !!I read yr story and like how you didnt rush into the market but strategised first.Keep up the good work!

hi guys,I was recently recommended a product lately which ive since used.Its called Zinzer and theres 3 different types but basically what it does is cover anything and can be painted strajght over(including missed grease spots,stains etc).it then gives an awesome glossy finish on the top coat and you dont need to remove all the old paints.anyway…[Read more]

Hi JL,in my experience once a tenant gets behind it is near impossible to get them back up.Especially if they have rented yr house only weeks before stopping paying .I have just had this problem and was trying to work with the tenants feeling for them as they were giving me stories that they will catch up etc etc,eventually i found out they had no…[Read more]

Hey guys,ha ha Bardon man you feel like employing someone like that to manage people definately . very funny.In fairness though we did end up finding a few guys with integrity ,over there eventually ,but after dealing with issues and losses for around 30 months straight and having ongoing issues still it gives you a bit of a shift in t…[Read more]

Mate ,another option may be just mortgage it out to the max ,thus reducing the risk of someone sueing you for the equity(low equity makes it a waste of time to take legal action agaainst it) then continue regularly drawing down on the equity keeeping it low)Then use the equity drawn from the property to start a fresh buying in yr trust,thus g…[Read more]

Hey guys ,hope yr well !ha ha far out Bardon ,i miss you man ha ha Thats a classic.a few things i'd add would be let yr house out for long periods to people who dont believe they should pay you any rent ,as its their "right"not toopay an agent 20% of the price of yr house to sell it ,   i mean" shift it "as cheap as possiblepay an accountant to do…[Read more]

Hi Mocacam,after investing in the US for a while now i have a different opinion for you.Investing in the states is not easy ,especially being so far away!There are issues of the exchange rate(can go up or down anytime risking losses ,) getting good trustworthy people to look after yr properties,getting integral trademen etc etc etc.So there are…[Read more]

Hi Corey,hope yr well man !I spoke to Chad recently ,he is doing well .He has been really good to me actually helping me out with some great connections in San Antonio .I hope you and yr wifey have had success with yr property since sorting things out over there man.kind regardsLuke 

         I am really surprised people have forgotton so quickly ,only 6 months on from, labours constant  ongoing displays of fighting and disunity  ,all from within their own ranks, now we have voted them in to run the country.              This country is the best it has been for years under Johnny and Peter ,s phenominal leadership,and the huge…[Read more]