Connolly wrote:
Hey guys,Looking at WA at the moment. Strategy of buy, renovate and hold.Looking at two markets- Armadale and Rockingham.Both have good entry price and have multiple growth factors.However both have a stigma of high crime and being a lower socio economic area.As am knew to WA, just chasing some feedback and advice on anyone who…[Read more]

Hi DHCPI am confused, do you have 5 properties in Atlanta in total and of these 2 are in your SMSF, total cost $401K?Cheers, WI

streamlineinvesting wrote:
I have always been interested in mining property, I have seen a lot of people make a lot of money getting into the property BEFORE the rents become outrageously high. But from what I can gather, there just does not seem to be a long term potential.Looking at your situation, $600k mortgage, 7% interest rate means…[Read more]

HI MangoWas it Steve that performed the reno on your house. My understanding is that he started using another company to renovate properties. Also Clinton actually got booted out and he has now started his own company as a buyers agent. I suspect that Sean was not a good business operator, he also employed too many people in the early days and…[Read more]

Hi MangoI purchased my first 2 properties in Atlanta with FAH. I am based in Perth. I met up with FAH team in Atlanta and saw one of my purchases prior to buying, also  this one below though I did not see it, I thought it was a pretty good deal at the price I paid when you look comparables on zillow.I only purchased 2 through FAH as I did no…[Read more]

Pat007 wrote:
Hi Everyone,http://www.realtor.com/international/rdc/listing-detail/2130-Sugar-Creek-Falls-Dr-SE_Atlanta_GA_30316_6148761142?source=webBit of an exercise as i know people look at one place through very different eyes (Jay vs Kyler for example)Why would this be a good deal?Why would it be a bad deal?What is good about the area ?What…[Read more]

Search the forum there have been posts regarding the issue of bank finance  in US, it is almost impossible to get a loan. There are hard money lenders out there, however you will be paying costly upfront fees, high interest rate as much as 12%. Everything I have looked at I would not touch, additional accounting fees and complicated paper work, i…[Read more]

PaulDobson wrote:
Paul at Resicert does a good job. His number is 1800 737 423.  He also has a website at:  http://resicert.com/Cheers,  Paul

thanks will give them a call.WI

Freckle wrote:
Jay this is a more accurate assessment of the supply demand metric in Australia for your info; http://www.macrobusiness.com.au/2012/06/housing-shortage-arguments-collapse/

jay wrote:
Just like OZ where there is limited habitable land.

Mate there's more habitable land here than you can poke a stick at. The problem is not supply.…[Read more]

As far as selling properties goes, I like to use a company which has a high profile in the particular area then I do the research on who in the company has a  great track record on selling.  I look at his/her Past sales, listing price vs sale price and Time it took to sell each property. WI

This is way to broad a question.There are many different properties in Rivervale, houes, units, OTP,  development sites in the area and unless you can give us more details very difficult to answer your question.I can tell you that Rivervale is an area that is relatively close to the city, in the last boom many investors purchased developments s…[Read more]

I think your current situation will actually slow you down in the investing world as you have no room to move and need a property boom to dramatically increase your equity.  Don't know where your properties are but this could be some time off.I would convert your Principal property to interest only payments for the moment until you build a…[Read more]

Hi JayI would like to accumlate more properties in US, but as I have mentioned before as an Aussie investing in US the attraction is the cashflow, income averaging will not work for me, as I can play in my own backyard and leverage my money. I am attending an auction in Perth this weekend and if successful will be flipping this property.  However…[Read more]

Hi EmmaYes, Its now time to look at doing things differently that will work, of course this will take a certain skill set.I am following a different path now which hopefully will provide me the required cashflow.Cheers, WI

Hi jnbIf there is one thing I have learnt from 12 years of investing in Aus and overseas, balance is important regardless of high income. If you have a highly negatively geared portfolio it can be a huge disaster if 1. circumstances change;  2.  housing market goes pear shaped;   3. Banks loans harder to access.I offloaded a few of my highly neg…[Read more]

Hi ThejajcoSorry things did not turn out for you.I do not know how short sale process works I am sure many of the US guys will be able to guide you, however if the houses are trashed and boarded up who would buy these properties, I am guessing you would have to give them away???WI

Hi CHVaries greatly depending on the deal, some as low as 14% gross.I am focused on cashflow  for good reason, there is plenty of slippage, ie property management fees, vacancies, insurance, maintenance etc.    I also like  properties that rent over $1000  – 1300 per month. purchasing properties anywhere from $18-25 sq ft, I have not found an…[Read more]

I may be wrong, I thought Fort Myers is where Steve Mcknight has purchased cheap properties $20K+…. Can anyone confirm. Maybe he got in before the herd, usually does.

Hi CHI can not comment with regards to Florida.However, I purchased in Atlanta primarily for cashflow among other things, where I was achieving 20% gross return on properties, unfortunately this has now changed.I like the warm climate, hopefully less maintenance.Atlanta has more than one industry. You may be interested in the attached stats on p…[Read more]

luke86 wrote:
I thionk the Perth market is one of the best in the country, along with Sydney. The population growth in Perth is the highest out of any capital city, and with lots of mining activity there is quite a bit of money floating around.However Perth does not have the geographical supply problems that Sydney does so I think that while the…[Read more]