Search results

At the end of the day everyone has a choice. This thread has been excellent, we should not let emotion get in the way. Without doing your own DD you can easily get burnt even in your own backyard. I live in Perth and initially used a buyers agent to purchase in Melb, they lost a deal...

Hi Perp and Emma both raise some good points. I guess its different strokes for different folks. I personally would prefer to make as much profit as possible when purchasing and organise my own team as I am aiming for best yield possible. Also Perp, US values could also continue to fall...

Hi Reformed... Great to hear some good news, can you provide us with the figures, what/where you purchased, costs etc. and for me most importantly the yield. Thanks Cheers, MTR

Hi Handyandy Steve McKnight has nailed this, currency issues and ways to not pay double tax, he is a very smart cookie and has the contacts to get u on the right track. Can I suggest you pay a small fee and go to his Syd conference in June, as u mentioned u are looking at buying big. It...

Lawsjs is spot on... just keep doing your homework, what is the rush. Forget ASIC, it is a "Toothless Tiger"... Also check other sites such as Steve Mcknight's property investing forum, there are plenty of people posting who seem to be very experienced and are also investing, living in US...

Goodluck Mandy and let us all know how you go. For me the only way I would invest in US is if I could use Bank's money. CHeers, MTR

Hi Emma I think it is worth a shot, apparently they do lo docs at 50% LVR, I was amazed that they would even look at this. The power of leveraging would be absoluately massive. The investor who purchased at 70% LVR full doc was purchasing in Kansas, may not be everyone's cup of tea, however...

Hi All I have not read every post as this is huge, apologies if this information has already been posted. Loans USA, Located in Melb is providing finance for purchases, it varies with each deal. However, I am aware of some investors getting loans at 70%LVR at around 7.5%, 15 year term...

Hi Reeco what's the next step.... keep us all posted Cheers, MTR

Very interesting, sounds like this group do the lot, purchase, manage etc. Cheers, MTR

Hi Karina they are now operating in Texas. I know someone who have met up with them and were impressed with their operation. Maybe they need to read the article you posted. http://www.globalpropertydeals.com/index.asp Cheers, MTR

.... You are probably right and also shame they did not know about Rick Otton, over 20 years experience in the US exposing worts and all, sobering.... Cheers, MTR

Hi Reeco am not privy to all the details, know they invested in Florida and Texas. There are plenty of investors that make mistakes in their own backyard regardless of how savy. I would be very interested in posts from successful investors who have purchased in US and reside in Oz and...

I tried the link Reeco but I just could not get it:o I too thought it was worth posting. I do not post to crush enthusiasm and I wish all those fellow investors the best with purchasing in US. I have been considering purchasing in US myself and have now decided against this. My mortgage...

Hi Emma I think your posts have been excellent and I would be interested on your comments on Rick Otton's opinion, sorry for long post and not wanting to rain on your parade but very curious what he raises. Cheers, MTR Rick Otton’s House Buying In The USA For rest of article, check here