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  1. C

    US foreclosures - Boholt Seminars - NO

    just want to mention that my 2nd purchase in vegas has had all the repair work done to pass section-8 inspection and is now rented out, all thanks to Emma of course. a few weeks back, Emma had bronchitis (or something), had no energy, had difficulty breathing and could barely talk. Yet this...
  2. C

    US foreclosures - Boholt Seminars - NO

    iirc, in terms of them being able to afford it, it was too close to call if they could pay the rent, utilities and other living expenses. i'm back in las vegas now. have a terrible cold and this freezing weather isn't helping.
  3. C

    US foreclosures - Boholt Seminars - NO

    FYI, rented a few days ago at $995/m. Tenants have moved in! I had to reject two other applicants. So the offers were coming in. Emma has been an immense help, without her, my property wouldn't be ready and it would not be rented! really knows her stuff and has a great team of people that get...
  4. C

    US foreclosures - Boholt Seminars - NO

    http://www.thetwentydollartrick.com/Hotels/ It all depends on the hotel AND the person checking you in. Asking for a specific upgrade helps a lot. I've had this work at the Venetian.
  5. C

    US foreclosures - Boholt Seminars - NO

    It depends on who you ask and how you interpret the data: The following says banked owned shadow inventory is at 6,500 homes, which is much lower than the 30,000 that is commonly quoted. NB, the website IS affiliated with a realtor, but there is a lot of useful information there: LV RE...
  6. C

    US foreclosures - Boholt Seminars - NO

    some more info on tax taken from p33 of: http://www.gtn.com/US_Taxation_of_Foreign_Nationals.pdf Real Estate Rental Income - This type of income is usually classified as passive income. As a result, the gross rental income is subject to the 30% withholding tax (unless reduced by a treaty)...
  7. C

    US foreclosures - Boholt Seminars - NO

    some good info here on choice of entity and applicable federal tax rates: http://www.itaxcpa.com/choice_of_entity.htm nb: not sure how current the information is
  8. C

    US foreclosures - Boholt Seminars - NO

    paid $64,900. after fees and settlement costs, total came to $67,039 additional costs: iirc, the home inspection cost $225. carpet install cost $1400 (tho i could/should've gone a cheaper option). still need some appliances and there are some other misc expenses. expecting & hoping it...
  9. C

    US foreclosures - Boholt Seminars - NO

    I got title of Baffy on 29-dec. Two different people have taken a look at the property and it was too small for their liking. It's 1200sqft for reference. The holiday period is apparently a very slow time for getting renters. I'm optimistic, it will rent at the right price. New carpet is...
  10. C

    US foreclosures - Boholt Seminars - NO

    If you take a look at vrbo.com, you will discover there is money to be made in renting out a property as a vacation rental. Though I suspect the bulk of the profits are made by strip-condotel owners not home owners. I originally intended to buy an apartment to rent out to vacationers, but...
  11. C

    US foreclosures - Boholt Seminars - NO

    no shrine, bank manager tried his best but ultimately failed :( couldn't get approval from his manager :mad: the only way to access my funds, when a large amount is required, is to write checks from here and send them international express to the US.
  12. C

    US foreclosures - Boholt Seminars - NO

    I had issues with attempting to transfer funds out of my Wells Fargo to another US account whilst in Australia. I spoke to about 3 different people from WF, each from different departments and each said that it is not possible to xfer a large amount without being physically present at the bank...
  13. C

    US foreclosures - Boholt Seminars - NO

    there's no real backpackers in vegas, from what i understand. one of the cheapest places to stay nearest strip would be hooters. reeco, get with the times. 2011 mustang ftw.
  14. C

    US foreclosures - Boholt Seminars - NO

    The Cosmo has a soft opening on 15-Dec. It's about time they finished that project, the middle of the strip was a construction site for a good 4 years. Bellagio is nice especially with the fountains at the front, but there are newer, better casinos/hotels. Wynn is very nice, my favourite. The...
  15. C

    US foreclosures - Boholt Seminars - NO

    Not expecting stormy seas, though I am prepared in any event. I don't have a job, so I'll try to get a sibling on the contract to get finance.
  16. C

    US foreclosures - Boholt Seminars - NO

    paid cash. will be looking to refinance if possible.
  17. C

    US foreclosures - Boholt Seminars - NO

    My plan is to be back in Vegas the first week of Feb and stay there for at least a month. I'm looking to refinance my property purchase(s) and, if successful, to buy more. That is, on the additional assumption I am able to rent them out.
  18. C

    US foreclosures - Boholt Seminars - NO

    http://www.trulia.com/property/3032227885-5737-Baffy-Cir-Las-Vegas-NV-89142 I will give a breakdown of the final price paid once known, including fees, repair costs and everything else. haven't decided about the work yet, but likely get things started whilst still in Melbourne. I plan to visit...
  19. C

    US foreclosures - Boholt Seminars - NO

    Drivers in Las Vegas are unbelievably courteous compared to Melbourne or anywhere else I have driven. I'm expecting rental yields in the low double digits after all expenses/taxes/etc. the house needs new carpet, dishwasher, oven, and some other appliances (i need to check the inspection...
  20. C

    US foreclosures - Boholt Seminars - NO

    I spent the past 3 weeks in Las Vegas, bought a house and have now returned home to Melbourne. I had the pleasure of meeting Emma in person. She is a brilliant woman, very knowledgeable and down to earth and of course very helpful, and has already helped me organise getting new carpet with...
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