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Hehehe! They must've got the shock of their lives to find out you were in town and they were busted!!

In addition to Highlander_0000's story of the fraudlent property manager (who may have felt safe because the person he was defrauding was so far away) I have seen incompetence, structures where you have a 'master' PM and several contract pms (all with their hands in the till and any of whom can...

Further cautions Highlander_0000 and I have had our differences in the past, but I have emphasised that this is no market for the novice. Given the above tale, and another I've heard, and adding some of my own experiences, I am withdrawing any offers made previously. I believe that...

Thanks. To repeat the caution, people should steer clear of anyone trying to market one of these to inexperienced investors. That would be like two tier marketing with an utter vengeance.

As most of the income will funnel through to the income poorer member of clan Quiggles, the tax rate will be considerably lower. I don't have exact figures, sorry. If you were to undertake it, without any form of tax minimisation then yes, on 100% borrowings you could expect about 4% after...

Good question. About 6 to 10% after all costs including debt servicing but excluding income tax - haven't paid tax yet and everyone's circumstance is different there. Call it an EBIT of 12.5% minimum

It's on again, folks. Dr Quiggles and I are flying over in April to go shopping. As a result, we will be refilling our books. If you want us to look out for you as well, drop me a line and let me know what you are after. To remind you, this is cashflow only, you should not count on any...

Yeah, a duplex in Buffalo is usually two units in one house on one title. Generally they have separate street numbers if they are side-by-side facing the street (always assuming they started life as a duplex) or one street number if they are in an upstairs/downstairs configuration (the more...

QB You have 2 options. 1. You can get finance in the states, but not from a major bank becuase you have not credit history ("FICO Score"). Or you can borrow from a marginal lender at higher rates. 2. You can borrow against your NZ properties and pay cash - don't forget, you can get...

As a short followup, I've had a few calls my services. One of the properties I had looked at hadn't responded to my lowball. so I didn't buy it. It is now listed with an asking price at only $1000 above my lowball offer. I would have loved it then and I still would. Can't have everything, I...

I can see that. I hadn't actually planned doing this at all except that several people in both the thread and in private conversations and PMs had made suggestions that I do this or something like it. I have information on a number of proeprties now, but the market there is not inactive - they...

Thanks for that. That was my understanding as well,although I'll take note of the future performance part (not that anyone actually seems interested in taking up the offer). It is a shame you're 'moving on' - you appear to have a lot to offer in an area that is not well understood but is...

OK, let's leave it at that. We'll assume the best about each other until proven otherwise. Real little ray of sunshine, you are. :D BTW I checked with my attorney this morning and the title search included in the legals goes back 80 years at a minimum - most of mine actually go back to...

I certainly don't intend to enter into any more ASIC discussions. What I'm doing is essentially known as bird-dogging. Those doing it in Australia generally charge around $5000 per property, don't get into trouble with ASIC as they not are offering advice, advice relating to financial...

70% LVR (LTV as they call it over there). They generally want to see serviceability of a 1.2 ratio (ie. income from the property, and other sources they could control) is 1.2 times the debt repayments.

Highlander, I think you'll find that ASIC will view what I'm doing as not covered by their Act. While I don't necessarily think that this is a good thing, it is certainly the reason that they were unable to act against certain property spruikers, except where that person/those people either...

Thank you. You have made a powerful and considered reply which I take as a very high compliment, and which has been made in the best interests of those who may choose to invest. See below for my responses. In part, fair enough. My accountant has nominated a fee of $600-$1000 per entity...

I guess, like me, they aren't finding the diamonds in their own backyard. ;)

Thank you for your character references guys. I wasn't expecting that! Geoff, the easiest way to organise the travel deduction is to own the properties in a company structure and have your company (LLC) send you there. It becomes a company expense, against the US income. As you've noted...

As a result of my recent trip to the US I have a portfolio of properties that I currently don’t have the equity to buy. Here is the offer: I will source for anyone with the available funds any number of properties with gross yields of between 20-30%. In all cases I will strive for over 25%...