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Cashflow, the reason I put this example property out there on the forum was to try get to the bottom of why an Aussie company like 888usrealestate is advertising this property as fully restored for $49,800, whereas Zillow shows it as (quote) "This spacious 2 story home has a screened-in...

LOL lawsjs! I'm lining up my finances as I type (NOT!). Yes, I was wondering if they would only make the actual purchase upon registration/deposit from an interested party (read "sucker"). These guys are obviously not worried about tools such as Zillow that we can now use to give us honest...

Just had a look at another Aussie site (888usrealestate), similar to myUSA etc. I can't get my head around this one, so perhaps someone could explain? They have the following property listed for sale - 3940 E 68th St Kansas City MO 64132 for $49,880 which has been all tarted up, apparently...

Mandy - you go girl! :) Looking forward to hearing about it.

Lawsjs, do the banks not charge for this? I know that if we have money sent to Aus from overseas, the originating bank charges a fee for the transaction. In this case it would be the Prop Managers bank, which in turn would get passed on to you?

Bigfire, that seems like a really low yield. With many Aussie online banks offering up to 6.51% interest, that's only a little bit higher for the risk and hassle involved. I'm interested to find out why you were willing to accept such a low potential yield when we know the sweet spot we...

Emma, what is the commercial aspect like in Vegas? We're going to start investing in a couple of months once we move over to Canada and I was just musing about purchasing commercial property as well as family homes. Do you see a profit to be made in holding commercial stock in one's...

Fantastic Karina, that's great! Can you tell us how you are working your finances? Are you paying all cash or have you found a way to set up a mortgage for any property you buy? Thanks.

Hi Costa, in your earlier post you said you had rejected 2 applicants. On what basis did you reject them?

Lawsjs, it gets even better - the latest US census shows that there are 310,000,000 million who need to live somewhere :)

Hi Karina, well done for getting to Vegas and jumping in! When you say there is nothing available for you in your price range, is that because the prices have risen, or because Emma has bought them all? :)

Thanks Emma. Much of what you say is exactly why I'm not really keen on pursuing short sales at the moment and I have indicated this to the agent. After we move to Canada in a couple of months I plan to fly to Arizona and meet with this buyers agent as I want to be on the ground to see...

Here's an interesting situation. I have been looking at Arizona as one of the places I want to invest. Anyway, I made contact with a buyers agent via a Zillow listing I was interested in. Told him I was looking at 3/2 homes under $50K, preferably tenanted. In the last couple of days he has...

Thanks for all the continuing updates. I was talking today with some friends about our plan to invest in the States and they mentioned something about non-residents paying much higher property tax than USA residents. They said that homesteaders (those who claimed a home as their primary...

Wow, I can't believe that this thread has been so brilliant, considering it was started just over 2 months ago (THANKS LAWSJS - we are in debt to you and Emma) It's fantastic that we have been able to gain so much from it and that people will be taking positive steps in the New Year to...

Found this on USA Today website. http://www.usatoday.com/news/nation/census/2010-12-21-census_N.htm Shows the population growth/movement across the States. If I read it correctly, Nevada gained the most amount of people.

You're right MelbMan, I haven't used a chequebook for the last 10 years and don't know anyone that does. We are so used to the instant payment system (direct deposit/BPay etc), that I suppose anything else seems backwards. It is a lesson for all of us to learn when dealing with these...

Hi Emma, When you say you are looking to do this with one of your properties, is there something holding you back? Even if you rented it out for half the year at the rate you propose, it's still a great income. I agree that when it comes to something like that, it's location, location...

Ha, I hear you lawsjs although he's my colleagues cousin, not mine :) Yes, I don't think the banks, let alone BofA are very popular right now. Totally understandable. However, he did point out what many have been trying to ascertain about getting finance in the USA and how hard it seems...

Just so happens that the VP for Bank of America is the cousin of one of my colleagues in my weekly art class (yeah, crazy I know). Anyway, my colleague emailed him recently to say that we were interested in investing and just to get his general thoughts (he knows we are moving to Canada next...