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  1. MTR

    UK Repossession Thread - A detailed journey

    I agree, I think you will struggle with finance in UK, foreign investors could not get finance in US unless they were prepared to pay 12% interest and only for 3 years, outrageous set up fees. I know people including my lawyer who tried unsuccessfully. The other issue was that whoever was...
  2. MTR

    UK Repossession Thread - A detailed journey

    I think I stuffed up... not clear, anyway my comments to your answers are underlined. Cheers MTR:)
  3. MTR

    UK Repossession Thread - A detailed journey

    Thanks Blacky, very sweet. However, am not that keen on interviews whatsoever, its just not me. I have a couple of people I am mentoring and that is fulfilling. I have had plenty of free help/advice during my years of investing, my turn to give back, and its fun:)
  4. MTR

    UK Repossession Thread - A detailed journey

    I purchased in West Syd 3 years ago and I purchased about 6 development sites in Perth during the rise, and 1 in Melb all rising at the same time as West Syd. I had to make up my mind whether to continue in West Syd, but I chose to become a property developer and realised it was far more...
  5. MTR

    UK Repossession Thread - A detailed journey

    Makes sense, That $500K is now worth close to $1M. So if you invested $70K its probably worth around $140K now, was it Atlanta??, Though I am sure you have made much more in Oz. West Syd gone crazy nuts... noice:) Leverage is so powerful.
  6. MTR

    UK Repossession Thread - A detailed journey

    I see what you mean, I don't know this market. I do know some buying in Ireland and have heard this is a good market to jump into, no idea whatsoever?? Once again cash is required. Yes, leveraging using OPM, is the way to go, however it wont work if the product does not provide the right...
  7. MTR

    UK Repossession Thread - A detailed journey

    .... and Starter you did well as you purchased in a rising market in Oz and leveraged so able to buy more than 1 property. If you could only buy 1 property in US cash then I would also have avoided US, there would be very little point as there are also many costs involved ie legal, accounting...
  8. MTR

    UK Repossession Thread - A detailed journey

    Blacky This is exactly right, similar to USA foreclosures, as you can not leverage you are relying on high yield for income and future growth is a bonus, however prices have now almost doubled now, that's just a bit of luck there. Certainly makes it a higher risk proposition. I don't know...
  9. MTR

    UK Repossession Thread - A detailed journey

    Hi ScottyB This is interesting..... Another suggestion, you could also sell onto an investor, charge a fee for your services (similar to BA fee, ie $5000) and the investor pay for the renovation, however this would need to be itemised, which makes up part of the deal. You could then in...
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