Recent content by cedase

IMHO, If you own a house in the USA right now that owes you $60k, you rent it out without vacancy or major repair for 10 years you can reasonably expect a 10% ROI. Not bad. If you have bought and renovated the same house to a good standard, still owing you $60k and from DOP to DOS is 120 days...

Having purchased and renovated my first house in the US I have had some realtime experiences with the market. In my humble opinion there is no real value in buy and hold. Houses are still selling in certain areas and in certain price ranges so its a matter of picking your targets. Don't try it...

I posted on here several months ago about my experiences in getting a US "buy em, fix em, flip em" business going. Finally I am at the flip em stage with my first house. If you are interested in seeing images just drop me a line and I will send you links to my websites. What a learning curve...

I have purchased and almost completed renovating my first US property. Two years research, a total of 10 weeks spent there and it was still a HUGE learning curve. I have yet to sell, but to date the indications are very positive of a solid return on my investment. I'm hoping to put up the "for...

There is a Government program called "section 8" that is our version of rent-a ssist. It means the US Govt direct credit up to approx 80% of the tenants rent into your account every month. You can renovate homes to "section 8" standard and then list them to attract those tenants. There is a lot...

After 2 years researching the US market I bought my first project end of November 09. It should be ready for sale by the end of March (6 more weeks). Even after doing all the research and travelling there as well as having people on the ground there, it is/was a HUGE learning curve. Having said...

Is there any reason you wouldn't consider purchasing a freehold property, renovating it and then renting it. I agree it's a little more of a project, however it would be CF + ve from the first rent cheque and in the current US market you should have 50 or 60% equity once the contractor has...

It's been awhile since I posted on here. My USA project took longer to kick off than I expected (or planned) but now we are up and running. A synopsis of my project is the freehold purchase for resale or rent of houses that, after renovation, owe around USD$30K . The first house has been...

Hi Bill, thanks for the interest. I have had a couple of people drop me a line so i guess it's easy enough if you want to do it. We are primarily interested in bank foreclosures so the overdue taxes have been removed from the equation. Annual taxes are based on approx 5.5% of the...

Ozperp, I have yet to sign some tenants up, but I have done everything up to that point. Interestingly Rick Otton's blog, and my response was one of the documents I used to get a solid handle on the US market and how tenancy works over there. You are right on the money with the points you made...

I live in Perth, WA and have just started purchasing, renovating and renting properties in the USA. After 18 months of "due diligence" and an American partner I have a reasonably sound knowledge of the prospects and pitfalls. Well, I have enough knowledge to send my hard earned over the...

I am currently buying, renovating and renting properties in the USA, from Perth in WA. I am happy to fill you in on a few details if you want to drop me a line.

Bare in mind that all transactions within the SMSF need to be obviously "at arms length" from you, your associates and your family. I recommend you get a written ruling from the ATO. I get one everytime I seek to do something "off-beat" with my SMSF and I keep it on file for the auditor to...

For those that are interested in the opportunities that are presenting themselves in the USA, you may find my investigations of some use. My partner is a US citizen and we have been monitoring the US real estate market for quite sometime with a view to "grabbing a bargain or two". After 18...