Hi all,
I recently went to New York state and bought 6 lots of multi-units.The purchase price all up was $231k ,gross income p.a 89k.Not bad hey.
I have spent a lot of time and money securing the right contacts to buy in the States.I have trusted team of people that I use i.e realtor’s,finance ,maintenance etc.
The properties I am finding have a minimum ROI of 15% but are more likely to be over 20%.
Due to the interest,I have started a mailing list and would be happy to talk to you about the States.
My no . is 03 97040888
e-mail [email protected]regards
LISAL Lammers
Are you offering deals between 15 and 20 % .
because the deals you are talking about 89k return for 231k is 38.5%
Im a little unsure what you are sayingMonopoly, my favourite game
Lisa
I am sure you offer a great service but to be honest most of us on here would rather deal with someone like Westan, Alvin or Mic from Aussie House Hunters who have been around for a few years and are well known in the forum.
15/20% return in nothing special for the US.
Cheers Richard
[email protected]
http://www.yourstatefinance.comIP funding and US property finance
our specialityRichard Taylor | Australia's leading private lender
WHOA!!!! HUGE RETURNS!
Be careful in jumping down Lisa’s throat before you’ve read the message clearly. In my lexicon, ROI is NET return (i.e. if sh’e picking 30 to 40% gross returns) then a net return, given the expenses over there, of 15 to 20% (before income tax and interest) isn’t too shabby.
Of course,that also depends on the condition of the property, the actual ability to collect rent and the level of costs factored in.
Hi quiggles
Ive been speaking to some buyers agents and the deals they have been showing me ROI is meaning gross returns. I was just asking what she is exactly saying.You are right she could be talking about nett returns in witch case they are very good, providing the condition of the property is reasonable and you can collect the rent.
On most of your propertys over there have you been able to collect rent? What condition were the propertys you puchased in ?Cheers Rick
Monopoly, my favourite game
Whoever is right or wrong the bottom line with investing in the USA anyehere for that matter is “PROPER PREPERATION PREVENTS PISSWEAK PERFORMANCE”
Congratulations Lisa and I wish you luck, the biggest problem with investors is analysis paralysis. This is not to say read 1 book and go for it, what I mean is when you have done the research and confident of doing it yourself, trust yourself and go for it. All you get from sitting on your hands is warm hands and sore knuckles.
If you have the time and confidence to take control of your destiny like Lisa has you will go a long way, others may employ a company like ours to help them get started and learn how the market works. Whatever the options the longer you leave it the closer you are to your pension.
If investing in your future through education or property is not your thing theres always the public service. They have medical benefits, a great holiday program and even that great pension at the end. Not my cup of tea but hey, everyone is different.
Regards,
Mic
[email protected]
http://www.househunters.com.auAustralian House Hunters.
Specialising in finding your perfect investment property throughout Australia, NZ and the USA or your dream home in Newcastle and the Hunter Valley. To recieve our free weekly newsletter or assistance with anything investing, [email protected]
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