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  1. K

    20 US properties in 4 1/2 years

    Lizzie, The County taxes are essentially the same as our council rates. They are dependant on the appraised value of the property and can fluctuate each year as valuations are adjusted. There is no land tax as such or stamp duty on the purchase.
  2. K

    20 US properties in 4 1/2 years

    Aussieb, Yes leases in Atlanta are generally a minimum of 12 months. I doubt that is a law as such but all the management companies I have worked with only offer 12 or 24 month leases and tenants seem to be fine with this. This seems to be the standard practice. The cheapest house we ever...
  3. K

    20 US properties in 4 1/2 years

    I have a lot of respect for Steve McNight. He is in my opinion one of the best property educators in the county. He also has the ability to adapt to change constantly and is always changing his strategy to take advantage of the next opportunity. I enjoy listening to his presentations whenever he...
  4. K

    20 US properties in 4 1/2 years

    The "is it too late to buy" question I get asked a lot. I am still buying as I see great opportunities still available in the atlanta market. I will try and outline my reasons below of why I am still buying illustrating some examples using recent property numbers. These are the factors I...
  5. K

    20 US properties in 4 1/2 years

    ZachAnSel, I have not invested in multi family above 4 units however if its of interest to you I suggest you read Ken McElroy's books. He is Kiyosaki's real estate Guru who presented in Sydney and he specialises in larger multi family. His Website: www.kenmcelroy.com www.loopnet.com is...
  6. K

    20 US properties in 4 1/2 years

    Stumpie, A few answers to your questions. 1) Stamp Duty There is no stamp duty payable in the US. 2) Landlord Insurance We normally take out a building policy (but not landlord) so loss of rent is not covered however in Georgia the eviction process moves quite quickly. Vandalism is covered...
  7. K

    20 US properties in 4 1/2 years

    Stumpie, The yearly fixed costs are as follows. Council rates Known as county taxes are dependant on the county assessed value of the property. These can vary greatly between properties. On average for Atlanta properties we target I would say between $800 - $1500 a year. County taxes can...
  8. K

    20 US properties in 4 1/2 years

    MTR, Sure here is a video of the the house for $97,500 that I just closed on. https://www.youtube.com/watch?v=lb_v09FUdVM&feature=youtu.be
  9. K

    20 US properties in 4 1/2 years

    Blacky, Most people use an LLC to purchase US real estate. The member or owner of the LLC can be any entity really, some people own an LLC as individuals, others use trusts or super funds. My set up is that I have used a discretionary trust as the member of my LLC. I have also used my...
  10. K

    20 US properties in 4 1/2 years

    I thought I would take some time to reflect on my US housing Journey. It dawned upon me this last month that I actually achieved the original goal I set for myself and that was to purchase 20 US cashflow positive properties. I had no idea when I set that goal how I was going to do it but it was...
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