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lawsjs Congratulations on your success in LA. Never looked at LA because it was a much higher entry level at the time and I was chasing cash flow. As a foreign investor I could not LVR/source finance so for me it made no sense whatsoever. USA was a great opportunity, but at the end of...

Hi Engelo Be interested to see some of the properties you are sourcing, can you post any here? Also, with the Au$ dropping means if you do not have US$ your clients will be paying 25-30% more. I would have thought this would turn people off. Thanks MTR:)

Gentle chief has a thread on his purchases in Atanta very interesting, view his photo gallery very impressive. I think his Income is about $200k gross,pa. I know he flew over and did all the ground work and purchased his own properties, he did very well considering all the spruikers selling...

Jezza The AU$ is hovering close to 75. When investors were buying in USA the Au$ range was around 1.00-1.10. This is huge, for every $100,000 you spend in US you need to dish out around $25,000 on top. The properties in US that were selling for peanuts in 2010/11/12/ have now more...

It is dependent on the deal and because you can not leverage you need to weight it up. Can you make more money in Australia as you can finance deals, low interest rates. I think you can achieve 10% yields in US but you are now buying at 89 Aus$, and if you are only buying 1 or 2 forget it...

Thanks Cimbom I would also be curious to know how investors went in Florida. Steve McKnight was buying up at around $16,000, these were the real low feeder end, be interesting to find out how much these are now worth. I personally don't know anyone who purchased in this part of the...

I would never touch any loans, everything I looked at was dodgy, a claytons loan. All the investors I know including myself purchased cash and we have never been able to refinance. That's a big one, because you can not leverage as you can in Australia. However, we purchased anywhere from...

LW For the average Jill like me it was also difficult at the time. My friends and relatives mentioned on a number of occasions that "I was crazy", this did not comfort me at all:eek: Handyandy helped me with structures amongst other things, as he had already purchased some 9 properties at...

Australian Dollar weaker I think returns are going to get just a whole lot better for investors who purchased in US. Australian dollar is falling and predicted that it could go as low as 72. http://www.abc.net.au/news/2014-09-19/australian-dollar-could-fall-to-73-us-cents/5756598 For...

Thanks Sanj and oc1 I can tell you as Blacky has said..... "its not all been beer and skittles". I had 4 vacancies in the first year, where tenants trashed my properties, I felt like throwing in the towel and selling the lot. Its taken time to understand and source the right property...

Thanks Mr Fab There are others.....Handyandy purchased many. Oscar sourced properties from Karina and I think he just purchased another one a couple of months ago, She gets some great deals. We suffered initially trying to get the right set up etc. but I think its now paying off.

An update on Atlanta/USA property market Hi All Its been a while since I posted Just thought I would give you a brief overview/update on what is currently happening in the Atlanta market. Property prices are continuing to rise, there is still huge demand from foreign investors and it is...

Next step, my initial investment $500,000 am expecting to bring back $1M but I think I will need to wait till the end of the year, would like Au$ to fall back, seems like it has bounced back. In the mean time just collect the rent as I am cash flow positive. For those buying now it would not be...

Hi Oscar She is flat out buying for clients, still huge demand and she feels there will be much more growth over the next 3 years. I think this also be the case. Yes, I stopped buying as prices shot up too quickly. I saw one of your properties ... I think Logan?? Very nice. Things are...

Hi All For those with US property, just an update on Atlanta. Property prices continue to rise, spoke to Karina from Select American Homes and she said that they are jumping up another level as everything is selling with multiple offers, still huge demand from everywhere, US home owner...

I had a number of items that needed to fit my criteria when purchasing in US. 1. Homes no older than 10 years 2. Homes larger than 1500 sq ft 2. Rents at a minimum of $1000 per month 3. Purchase price @ $18-20 sq ft. (actual build @ $60 sq ft, plenty of fat) 4. Buy in States where the...

When I purchased we were achieving 20% gross, oh yes the good ol' days;)

Hi Delta Good question, no way around finance, very difficult to get these rates for foreign investors. Most of the investors I know paid cash, I also purchased when the Au$ was over 1.00-1.10 There are companies offering finance at much higher rates -8-12 % and everything I looked at was...

Hi Engelo Then I have to ask the question... why are they not interested in the Kansas Market??? Cheers MTR

Hi Engelo One of the reasons why I am not recommending purchasing foreclosure properties in USA today is because the property values have already moved/risen considerably and the yield is no longer attractive, as there are so many more out of pocket expenses that are not mentioned by many...