Praise God Dr x thats good news they are ok!
Thanks for the reminder to be greatful.

Hey Viral,
hope yr well man!
Just out of interest did you get that property rented .its been 2 more months since you posted so was wondering if you got it sorted.
I have one im trying to rent too at the moment and know of others
.
Apparently Nigel has a service for people in SA.He may have a contact to take over yr leasing maybe? Do yr D diligence first though of course .

Me too!
I think its great that Steve is doing so well! Good on him !The guy obviously has a big heart and is very generous.Apparently he gives all the profits away from these books! He apparently wants to impact the world in a huge way.

I read the free book and found steve seems to be encouraging people to be wise and step back a little(eg ,paying down debts as part of equity building etc) rather than in the past the focus was on going for it.
I found it is a pretty basic chapter as far as investing goes but im sure this is steves strategy ,warning people of the pitfalls in the current market first and then the real book will be more advanced.

All the best Steve!
Luke

Hey guys ,
I take CF+ to mean: A property that returns more cash than what it costs each month.

This including the deposit interest at market rate,(even if you own the deposit outright and didnt borrow it.,as you would be getting a return on it if it was sitting in the bank),no matter how big a deposit you put
down.

:also including all expenses,rates,repairs etc.

Very hard to find these type deals today? Yes, but not impossible.

Hey guys,
Buzzer,you are choosing some great markets!

As far as Nashville i know of a lady who does some deals over there.She is actually from this forum and is an aussie.
I have not dealt with her personally , so definately do yr research and DD. (my advice ,whoever you deal with over there give them time to prove themselves before doing heaps of business with them)
Her name is lisa lammers .She has a service called real estate investment finder.She does deals in Nashville,Tennesee,US.
Also definately get Westans contact if u can .(great things are going well for u westan!)

I have found Chad simmons too is a real man of integrity from my conversations with him.He has some things going down in san An,The rio grande valley Texas and Phoenix markets

Also try visit the local investor club in san antonio and houston.I have met heaps of great contacts this way in houston. It is one of the best way to get the “inside knowledge” on the best deals as they come up.

Be careful of peoples “opinions” make sure u discover yr own facts about the places you are looking at investing in as their is good and bad in every market.

I know a few things about the SAn Antonio market but definately still learning,
email me if i can help in any way.

all the best
Luke

Lets have an online auction hey?!!

Hye paul,
I have those (not sure if latest version though?)

How much do u want to pay?
Remember these are limited editions mate ! ha ha

Are u in sydney? I could loan them to u if you are strapped for cash maybe

Hey Tim,
glad things are going well for u!
An EIN is an Employers indentification no ,which is for yr company tax ID number not personal.
An LLc can borrow money to finance deals but often it is harder.You need to just ask the broker before using them.
You dont need to pay witholding tax ,just fill out the form and lodge it..(i cant find one here at the moment but from memory it is a w8?)

I have an LLC I am thinking of selling but it is filed in Ny and i believe the filing fees are higher there so may be more costly for u as opposed to setting one up in texas (where yr investing)(pm me if u need)

all the best man
luke

Hello there Chad hope yr well man!!
Sounds like business is pumpin for U!
thats awesome !
I have been involved with a couple of subject to s and havent had any hassles yet!
There are a few whispers around though that u have to watch a couple of things. eg,the due on sale clause.this is in most mortgages over there and says that the bank can call in the loan when the property is sold at any time.So u basically have to keep in mind u may need to re fi the property within 4weeks if the bank calls in the loan.
Also make sure u put in the contract (and explain to the seller) that they will have difficulty getting another loan while the current loan is still in their name.(this can cause a prob for them trying to move on with their life so make it clear to them before doing the deal.If u r honest and upfront usually people will trust u on it.
Also another positive is u can claim the interest on the loan against the property (even though it is not in yr name)
Here is a search i did for u too with different stuff on the s-to deals.

http://www.houstonrealty.us/bb/index.php?act=Search&CODE=simpleresults&sid=7d6cc6ac1433e1793eee948c92803bc3&highlite=subject-to

if it doesnt work go to houstoninvestorforum.com then type in search then subject-to

All the best guys
luke
Ps.Chad if u want to see how the paperwork works ill send u one of my contracts if u like for a look.