Your right Blacky, its been a long time since we have seen a 7 in front Au$.
I doubt I am going to sell now because I just don't see anything that can give me the returns I am currently making in US. We also now have a fantastic property manager who basically provides similar service we get here in Australia. This in part is why many Australians would not invest in US and I can tell you in the early stages it was a nightmare dealing US property managers.
For those interested here are the gross numbers today, I have posted before, but of course now the Au$ is helping increase cash flow and houses in Atlanta continue to rise.
Here are the current numbers (gross)
Initial capital - $500,000 (cash)
Purchased 8 houses (2011/12) - from ($34,000 to most expensive $50,000)
Approximate value of each house today - $120,000-130,000 US
Current rental returns - $8400 per month
conversion to Au$ today - $10,763
If I sold them all I would expect to bring home $1,000,000+ net, as the Au$ would cover CGT in US which is 15% and agents fees.
But where do I park it?? I just wont get these returns?? Even high yielding shares just wont cut it as I would be looking at 6% yields (fully franked)
Thanks for the nice comments, and good on Karina she is now purchased 21 US properties.
Cheers
MTR
I doubt I am going to sell now because I just don't see anything that can give me the returns I am currently making in US. We also now have a fantastic property manager who basically provides similar service we get here in Australia. This in part is why many Australians would not invest in US and I can tell you in the early stages it was a nightmare dealing US property managers.
For those interested here are the gross numbers today, I have posted before, but of course now the Au$ is helping increase cash flow and houses in Atlanta continue to rise.
Here are the current numbers (gross)
Initial capital - $500,000 (cash)
Purchased 8 houses (2011/12) - from ($34,000 to most expensive $50,000)
Approximate value of each house today - $120,000-130,000 US
Current rental returns - $8400 per month
conversion to Au$ today - $10,763
If I sold them all I would expect to bring home $1,000,000+ net, as the Au$ would cover CGT in US which is 15% and agents fees.
But where do I park it?? I just wont get these returns?? Even high yielding shares just wont cut it as I would be looking at 6% yields (fully franked)
Thanks for the nice comments, and good on Karina she is now purchased 21 US properties.
Cheers
MTR