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How risky is this at the moment though???? Your thoughts

Not sure how this works, can you clarify for me "trading money for dummies"4 How much are you making??

Hi Karina Agreed it would be ideal to set up your own bank account, personally I would have it no other way. For those in this situation, the way to bring money back home is signing up with Xe trade, I have been using this company for about 4 months they are excellent and no issues wiring...

Two of my accounts were opened by a reputable lawyer and I still got a letter, and 2 I opened myself. Three accounts are under an LLC, one personal name. I have an account also with Bank of America, received nothing here and opened this myself.

Wells Fargo Closes Bank Accounts Hi All Did anyone owning property in US/banks accounts get a letter from Wells Fargo advising that your bank account will be closed effective COB 9.9.13. My understanding is that this will effect any foreign investor who did not personally open a bank...

Hi BV Karina is back in Syd now. I did speak to her, she said it is almost near impossible to source properties in Atlanta at the moment, cos the big fund managers have jumped in buying bucket loads and they are not worried about the yield they will buy at 7-8%, most investors want more...

Update on Atlanta Hi Karina As you are in Atlanta at the moment can you provide me with an update on how it is on the ground? Do you still see the market rising and are US buyers now jumping in Cheers. MTR

My initial thoughts .... hope Aussies are not buying these flips in Kansas. We were in Atlanta last year and in not so great area but had to stop for fuel, while husband paying I was approached by one scary dude, wanting to help me with a selection of drugs, or anything I may need....:eek:

Hi Nick Unfortunately the boat has sailed and the yields are no longer attractive as prices have risen by as much as 40-50%. From my experience unless you can make 15-17% yields I would not touch USA. Cheers, MTR

I will only speak for Atlanta, have been purchasing for the last 12 months and accumulated 8 properties to date. The amazing deals I was purchasing when I first started are very difficult to find today. I have read various articles stating that Altanta market is still falling, however I...

I understand why this is a concern. When I was in Atlanta I saw houses in areas which were boarded up and scruffy. Walk away.... However from my personal experience the properties I purchased with Karina have rented out straight away after the renovation and for as much as $200 more per...

Hi Player That's correct. I am also using rental income to reduce the debt or alternatively purchase more properties. MTR

Hi Nth Brisbane For your informtion..... I have purchased many properties with Karina (Select American Homes) and can highly recommend her service. I have posted links on ss of my properties. Feel free to PM me if you require specific details on property addresses, yields etc. Cheers, MTR

The key is purchsing US property when the Aus $ is on parity or above, bringing it back to Australia is another ball game and you would only do this when it is in your favour. Of late the Aus $ has been swinging around 94 - 1.05, just gotta keep an eye on it. When it is in your favour jump...

Hi HA We have similar set up and will also be looking at lodging a lean against each property backed by a loan agreement between ourselves and each LLC. I am still working through this process and trying to sort out what the interest rate charge will be?? One thing for certain it will be...

Interesting HA, I simply did the homework and basically LV can not provide the superior yields that I can achieve in Atlanta, regardless of whether Emma is doing a great job or not it comes down to the figures. I don't expect a US recovery in the near future but with my current yields I...

Renovations are now completed - Lastest Atlanta Prop Hi All as promised here she is, this is returning 15.74 % net yield, approx 24% Gross. This is approx 2400 sq ft home. http://s1178.photobucket.com/albums/x374/selectamericanhomes/Course%20Side/?albumview=slideshow Once again am...

I am averaging $21% gross income and purchasing for approximately $60,000 per property this includes renovation, from purchase to completion 4 weeks. Atlanta - building costs approximately $80-90 per sq ft, I am purchasing anywhere from $25-30 sq ft. I buy in bread and butter areas...

Hi there This is my experience with "Select American Homes", I have purchased 4 properties from Karina and will be purchasing more. I like Atlanta, I think it is a brilliant market which provides the right mix of cashflow and good family homes. I met up with Karina in Atlanta and I know...