Unfortunately you can not believe anyone, there have been a few negative posts regarding various companies selling US properties. Not all companies are bad, however it is a matter of doing your own research to establish whether you are actually getting a good deal or not.

I assume you signed a contract with Key Property management, you need to…[Read more]

Hi All
Thought I would provide an update on this.

Select American Homes on my behalf had 2 of my county taxes reassessed and I have received a substantial reduction.

This has improved my cashflow from 15% net to  17.12% and 18% net.

In the last 3 month-5 months all my property purchases have risen and entry levels at $37K-$50K for large homes…[Read more]

I am playing in the Atlanta market   –  This is what I do to keep the figures real and work out whether I am buying well in terms of price only.

If the asking price is $50K and the size of the property is 2500 sq ft simply divide sq ft into the purchase price to establish what you are paying per sq ft and you will need to know what it would…[Read more]

Cheeves and Jay

Thanks for the feedback appreciate this.
Good for those who got in before the herd and have already made some money with great returns,  they certainly are slowly deteriorating.
My plan was once I double my capital I will be offloading and bringing back the money to Oz, I was expecting a timeframe of 7-10 years, perhaps it will…[Read more]

I am from Perth, however about 18 months ago I put together DA (plans and permits) for an 8 unit site in Broadmeadows, Melb and on sold it to a builder developer within a 12 month timeframe.
I made approximately 40% profit and it cost me all up around $20,000 for the architect to put this together. I am not sure whether I could repeat this in the…[Read more]

Hi Cheeves
so where from here, do you see the property market in general in US going from strength to strength?
I still hear that there are lots of foreclosures that the bank has not released, however I am assuming there are now major players buying up so this will continue to drive the prices higher.

I would be interested in your comments.

Cheers WI

AREIJoel

Trusting a system and the people securing properties is important and  one way you can achieve this is by firstly being able to understand, research and interpret information that is provided by any company selling in US.

Lets face it there are plenty of investors buying and not even checking recent sales in subdivisions, size of the…[Read more]

I personally believe the window of opportunity has closed for me in the Atlanta market,  but then I will only purchase properties at 20% gross due to slippage, this has certainly given me a buffer.

Also, I would not recommend anyone purchasing in US unless they are buying multiple properties, cost involved such as insurance, pm, accounting,…[Read more]

I agree good feedback, and needs to be kept real.

My concerns are that what Steve is buying may be higher risk and would not suit the average investor because he/she does not have the contacts, resources and business partners that Steve has in this area to make ti work. I think it is important that this is clearly highlighted.

Steve is providing…[Read more]

I would pick the development property which will provide ultimately the better return and opportunity to add value which of course makes it unique and sort after. This is what will add value regardless of whether you choose to develop or not.

However in saying this the figures would need to stack up now, in other words if it is costing too much…[Read more]

Thats good, as you have selected Joondalup I believe North Joondalup is moving this could be due to rezoning by the Council.

One strategy that I use is to identify properties that are in the process of  being rezoned, find out what precinct, check out the plans and then purchase a property which will allow you to build at the rear and retain the…[Read more]

Hi Chooky
you seem to be every where and no where cos there is a whole in your pocket. Slow down, this is real, this is debt you are incurring and the decisions you make now will impact your future goals if you get it wrong.

Investing is all about managing risk and strategy  = the end plan, most will only buy and not think of the outcome, just…[Read more]

Hi Chooky88
Perhaps you should be holding back at the moment and review your strategy, look at ways of turning negatively geared property into cashflow investments.
Where are you based?

Cheers WI

I will have to agree with Freckle on this on this for a change.

I will not comment on the mining side of things as I am no expert on this area, however I am an investor in Perth and would not touch the Pilbara area at this time because you are buying at the top of the cycle, very high risk.

Also, the product you are purchasing is entry level in…[Read more]

I  like the older units, art deco etc. As far as thes types of units go they are very much in demand and there is a short supply of these, they get snapped up as soon as any hit the market, as they are in leafy sort after areas surrounded by period homes. They also tend to have larger floor plan which is an added bonus.If you are looking at a n…[Read more]

Well done.For those who do not know the Moree area can you give us all a little information on the area, ie population etc. I understand it is a regional area? Will it be easy to rent?What is the biggest risk in buying this type of property? I know Nathan purchases outside the square properties for his clients so is he also purchasing properties…[Read more]

Am no expert in this area, however I have properties in US and this  info that may be helpful.Firstly, I had my accountant align my US tax to Aus tax lodgement date  just to keep the process clear and simple. I believe tax in US is lodged in December no idea on exact date, sure someone can help you with this one.Do you have loans set up aga…[Read more]

Hi AVSIf you look hard enough you can buy 2 bedroom unit in Mt Lawley in certain pockets for under $400K which could represent reasonable value and one bedders for under $300K.http://www.realestate.com.au/property-unit-wa-mount+lawley-110986399States $420 pw rent which would be about right.This location is reasonable, more of an older style flat,…[Read more]

Hi AVSFor units close to the city in Perth you could try.Mt LawleySouth PerthComoMt HawthornInglewoodMaylandsYokine As far as houses go I really don't know where you would be able to purchase at $400k within 10 km from Perth CBD.Rents are very strong at the moment. I would try to buy in smaller complex 6-8 units. Happy to help if you have any f…[Read more]

I can not comment for Oz recovery in general, however there are certain pockets in Perth that are showing signs of recovery. As an investor Its looking very attractive with rents rising fast and interest rates dropping. Then again I am not chasing growth but adding value and I just love buying properties at $320-350K which I can develop, retain…[Read more]