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  1. K

    Purchasing a Puppy

    please consider a rescue dog from your local pound. There are thousands of dogs euthanised each year at the pounds because they cannot find homes. I always get my dogs from the pound. They desperatly need homes. Save a life and get a dog from the pound.
  2. K

    Bali Nine

    I don't think its fair to blame the parents. I would think they had no idea of what their sons were up to. We need to remember these were just young boys when this all happened and they made some bad decisions and took a wrong path with devastating consequences. We need to remember how young...
  3. K

    Bali Nine

    I find it hard to read the lack of compassion displayed by fellow Australians. Obviously we all have a right to our point of view. I personally felt the executions were a huge injustice and feel that these men were genuinly remorseful and could have contributed more to the world by teaching...
  4. K

    Dundas Valley, NSW - Good/Bad Area?

    Dundas/ Rydalmere is seeing some amazing growth right now. I know the sale you are referring to at 1.42 million. Many of the homes on the street and in surrounding streets are on duplex sites.
  5. K

    26 properties and still working at my day job (happily)

    MTR, You can save yourself the $23.00 transfer fee you are paying each month by using Ozforex (www.ozforex.com.au) They now have ACH access (direct debit) so they can direct debit your US bank account and credit your Australian bank account when you want to bring home funds from the US...
  6. K

    26 properties and still working at my day job (happily)

    I won't be selling either. Keeping mine for cashflow.
  7. K

    26 properties and still working at my day job (happily)

    MTR, My client bought at 86k in 2011/2012 from memory and just sold at $185k. It was a beautiful property that was well below market value at the time of purchase in Gwinnet County, I think the lowest sale price in that subdivision at the time we bought was around 120k. Very nice part of town...
  8. K

    $98,000 mistake

    I suspect they must have seen it but not picked up on the error.
  9. K

    $98,000 mistake

    Would be interesting to know what would happen if you didn't willingly sign the corrective deed. Fortunatly for the buyer you will of course sign it. I would think the lawyer that did the closing would have to take responsibilty and make it right. Must be every attorney's worst nightmare to...
  10. K

    US Tax Accountant Recommendations?

    Jerky If you are after a melbourne based US CPA try Donna Shaw, I have not used her services but have a few clients that have and they seem to be happy with her. If you google her name you should be able to find her. I can recommend a good CPA in the US also but if you prefer someone...
  11. K

    Chinese buying up - USA

    Engelo, WOW, thanks for posting, Toledo is on sale!
  12. K

    I have $40,000 in Super - worth setting up a SMSF to buy an IP?

    I set up my SMSF with 75k AUS in Super. It was enough to buy me this property in the US , all in for 75k including renovations back in 2012. https://www.youtube.com/watch?v=IongZThlz-A&feature=youtu.be Rents for $1295 US a month. Probably worth 130k now.
  13. K

    20 US properties in 4 1/2 years

    Lizzie, The County taxes are essentially the same as our council rates. They are dependant on the appraised value of the property and can fluctuate each year as valuations are adjusted. There is no land tax as such or stamp duty on the purchase.
  14. K

    US Property thread - Are there lessons to be learnt?

    It is key to have the right people on the ground looking after your interests. I have been fortunate to find a genuine, honest and hard working team that truly have their clients best interests at heart. Hard to come by in the US. Good management is key to the longterm success of the investment...
  15. K

    20 US properties in 4 1/2 years

    Aussieb, Yes leases in Atlanta are generally a minimum of 12 months. I doubt that is a law as such but all the management companies I have worked with only offer 12 or 24 month leases and tenants seem to be fine with this. This seems to be the standard practice. The cheapest house we ever...
  16. K

    20 US properties in 4 1/2 years

    I have a lot of respect for Steve McNight. He is in my opinion one of the best property educators in the county. He also has the ability to adapt to change constantly and is always changing his strategy to take advantage of the next opportunity. I enjoy listening to his presentations whenever he...
  17. K

    Chinese buying up - USA

    MTR, I am seeing properties in Atlanta today in the under 100k range 30 - 50% off the Pre- GFC peak price. Some of these have already had some excellent gains (or should we call it a correction, they were grossly undervalued in 2011/2012) , still undervalued in my opinion and below replacement...
  18. K

    20 US properties in 4 1/2 years

    The "is it too late to buy" question I get asked a lot. I am still buying as I see great opportunities still available in the atlanta market. I will try and outline my reasons below of why I am still buying illustrating some examples using recent property numbers. These are the factors I...
  19. K

    20 US properties in 4 1/2 years

    ZachAnSel, I have not invested in multi family above 4 units however if its of interest to you I suggest you read Ken McElroy's books. He is Kiyosaki's real estate Guru who presented in Sydney and he specialises in larger multi family. His Website: www.kenmcelroy.com www.loopnet.com is...
  20. K

    20 US properties in 4 1/2 years

    Stumpie, A few answers to your questions. 1) Stamp Duty There is no stamp duty payable in the US. 2) Landlord Insurance We normally take out a building policy (but not landlord) so loss of rent is not covered however in Georgia the eviction process moves quite quickly. Vandalism is covered...
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