PISTORE wrote:
Saw a report recently saying that the medium house price in Perth had only changed by $1,000 since 2006.Not saying that their isn't opportunity there, but with only 1,000,000 living over that side of the country and 21,000,000 odd living over this side, you can understand why it fluctuates so much.I was out at Gregory Hills, SW…[Read more]

Ok, thanks.I find the US insurance policies shocking, as you pretty much need your house to burn down, otherwise the policies are useless from what I can see.You guys in US call it "deductables", very, very high…….. we call it an "Excess" and generally you nominate, I guess the norm would be $200. My understanding in US if you claim your…[Read more]

jayhinrichs wrote:
wi send me an e mail we have 200 plus doors I work through this weekly be glad to help you JLH Jay@truewholesalehouses.com

Hi Jayyes I will shoot you an email.I have had one quote to date, by placing all houses on one policy can make a substantial saving around $2400 pa which is excellent, also with a blended policy this…[Read more]

I guess they both have a vested interest in keeping the positive spin…… but I will buy thisThe foreclosure inventory remains high. Why does this matter? First, the people living in those houses haven’t yet joined the renter population. As they do, there will be more demand for rentals. And as those properties work their way into the m…[Read more]

zmagen wrote:
Also planning to experiment with holiday/student rentals with my next Japanese purchase.Trend?

Hi ZivI am looking at holiday accommodation 6 days will be in Japan on 28 Dec, needs to accommodate 5, 2 couples 1 child.Sorry, off topic but just saw your post had to askCheers, WI

Unfortunately not a user friendly site, faxing is the only option.

This is an update on XETradeI just signed up, relatively easy (5 minutes), all they required were 2 IDs, I provided passport number and licence number. They will advise if they require copies etc. This is far easier than setting up with Ozforex. My account will be activated in 24 hours.I also contacted their Aus phone number to clarify whether I…[Read more]

Hi mattstanot really sure what you mean about your friend getting ripped off??Should you be buying in US  —- not unless you are an experienced investor in Australia, just my opinion.Also, if you are not buying multiple properties and treat it as a business, don't do it.At the moment with Aus$ falling back it just adds another layer of risk.  F…[Read more]

emma171 wrote:
I just wanted to add this somewhere and then read your entry Feckle and laughed my very little derriere off but this is apt… Surplus… C@#$ No chance… sorry, when, as still semi Alaskan I read that the Alaska Permanent Fund is investing 400 mill into the foreclosed housing market, Warren B is advocate and they are bundling…[Read more]

If you can not pay your creditors, ie banks in Oz and as mentioned "bankruptcy", credit rating will be shot and no lender will touch you in Oz. I believe it takes 7 years for or more for this to be removed from your credit file.

thanks Derek, will doCheers, WI

 It would certainly make it easier for the Aussie investors who have WF set up.I have a WF account but have specifically just set up with Bank of America when I was in Atlanta in May for SMSF purpose. This is the problem, so many different aspects when investing using SMSF makes it higher risk also ruling change all the time.WI

Thanks JoelAREIno, property management company not offering this, unfortunately, there were at one stage for $95 fee I have heard as much as $150.I have actually been able to source someone else to assist.What I am curious about is how they establish value, I have read conflicting information.Is it simply the price you paid for property,…[Read more]

Hi AlexI understand this is the case and unfortunately for the purpose of SMSF (Aus retirement fund) Wells Fargo does not comply as it does not have an affiliated bank in Australia and that is the issue. One of the stipulations from ATO (Australian Tax Office) is that the bank set up in US for chanelling rental income from SMSF has an affiliated…[Read more]

jayhinrichs wrote:
I think one of the important aspects of this conversation as it relates to WI is that she has sufficient MASS or SCALE… I think she mentioned that she has 8 properties to date, So probably a 400 to 500k investment on her and her husbands part…. As well as based on what she has shared she has bought in the easier to manage…[Read more]

Pigeon courier may be the way to go, I know that was a bad joke……I will set up an account with XE and let you all know how I go.Thanks all, just remember its all worth it……… Cash flow, cash flow, cashflow

emma171 wrote:
Again…. xe.com is about the only one that I know of OUT of the US but you do have to sign up for the account. Ultimately for those without US bank accounts and using this for rental income – alternative would be to keep the money at the brokerage trust account and your property manager can wire back at your whim.

Hi EmmaThanks…[Read more]

HI Allcan not use ozforex or clearfx to transfer funds from US to Australia, because I do not have a ACH (automated clearing house),  this enables you to credit/debit account as mentioned above, try organising this:( I spoke to clearfx this morning and they mentioned that the US bank process is a nightmare and even citizens from US have issues try…[Read more]

I went to a free seminar and was not impressed all just hype, many of her strategies would not suit the new investors.I also note that many of her clients seem to open shop providing mentoring programs on the same, which is a worry.I have yet to meet someone who can provide details on a successful project, am happy to be wrong if anyone cares to…[Read more]

Wells Fargo will not cut it,  I also have Wels Fargo account – not affiliated with OZJust came back from Atlanta and set up an account with Bank of America as affiliated with bank in Oz, problem is you need to set it up personally, unless you are planning a trip to US going to be a problem.I know, what a bloody headache, I have no quick solution…[Read more]