All Topics / General Property / 20% rent return USA properties

Viewing 7 posts - 1 through 7 (of 7 total)
  • Profile photo of Aeros OzAeros Oz
    Participant
    @aeros-oz
    Join Date: 2004
    Post Count: 5
    May 14, 2005 - 1:40 pm

    Is anyone intersted? Let me know on [email protected]

    Profile photo of Robbie BRobbie B
    Member
    @robbie-b
    Join Date: 2004
    Post Count: 2,493
    May 14, 2005 - 1:56 pm

    Hey, can I advertise here as well???

    Robert Bou-Hamdan
    Mortgage Adviser

    http://www.mortgagepackaging.com.au

    Investor Links

    Profile photo of Aeros OzAeros Oz
    Participant
    @aeros-oz
    Join Date: 2004
    Post Count: 5
    May 14, 2005 - 3:02 pm

    Sorry, my mistake.
    I am investing in US properties and want to find likeminded people to share information about financial, legal and other differences from OZ investments.
    High rent return is possible to find in US, but investors should be aware about danger of buying lemons. Prices of properties around city could be as low as $500, but, apart from repaires, you’ll never get tenants there. And if you will, they are most likely wouldn’t pay and demolish your property. There is no Land Lord Protection Insurance there…
    And not every house could be insured with normal insurance either…
    Finances is another problem. Most investors using cash from Australian equity. Standard minimal loan in US is $25000. House prices could be lower than $20000…
    Application fees for loan is around $4000-5000, and you can’t put more than one property on one loan. Dufficult, ah?
    I am trying to find the way around it. I know that some people are using finances already.
    Any comments?

    Profile photo of PropertyGuruPropertyGuru
    Participant
    @propertyguru
    Join Date: 2003
    Post Count: 1,502
    May 16, 2005 - 1:14 am

    Westan from this website sourcing property in US may be you want to talk to him about USA.

    Cheers
    PropertyGuRu [sultan]
    Mortgage Consultant
    [email protected]
    MSN ID: amitash, Yahoo Id: bornguru

    NZ loan pre approval from OZ

    Profile photo of bardon_2bardon_2
    Participant
    @bardon_2
    Join Date: 2004
    Post Count: 74
    May 16, 2005 - 3:52 am

    Hey Aeros Oz we have an investor group that is working the WNY region, those issues you rasied regarding investing out there are certainly pertinent.

    We have done extensive research and are now at the stage that we have overcome most of those problems (never them all). So you are on the right track and good luck with it all.

    Profile photo of burstockburstock
    Participant
    @burstock
    Join Date: 2005
    Post Count: 11
    May 16, 2005 - 4:56 am

    Hi

    Find the thread “Units in US”, lots of chat in there. These guys have set up in Syd. If there is anyone in the Melb region interested in sharing ideas/ knowledge/ experience here, let me know and I am happy to assist in organising an itial meeting of minds.

    Profile photo of Paul DobsonPaul Dobson
    Participant
    @pauldobson
    Join Date: 2003
    Post Count: 1,196
    May 16, 2005 - 11:05 pm

    Hi Aeros OZ

    I haven’t ventured into the US market but I have done a small amount of research. A couple of resources that might help are:
    1. A lot of Aussies operating in the US use an LLC (limited liabilty company) as their preferred structure. The company at this URL,
    http://www.llcloannetwork.com/
    purports to specialise in loans to LLC’s
    2. An interesting series of posts re US investing can be found at
    http://www.somersoft.com/forums/showthread.php?t=18101

    I hope this helps.

    Cheers, Paul

    Paul Dobson | Vendor Finance Institute
    http://www.vendorfinanceinstitute.com.au
    Email Me | Phone Me

    An alternative way to finance your home.

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