There are a lot of construction workers in Gove doing a major expansion to the alumimium plant right now. The construction work will stop next year and maybe rental demand or rent will drop.

Company I am working for are proposing to build a gas pipeline running under the Gulf all the way from Weipa to Gove to provide energy for the new…[Read more]

Have a look at the linked report and it will give you an idea of some areas that you can get 10% and greater returns for decent properties. I am investing in three of the “affordable housing areas’ listed on table 3 which are in the US.

Yields can be very high in the US also there are great ways to acquire property without finance as this…[Read more]

I’ll be sourcing properties in London, mainly around the Olympic area:
E2, E3, E14, E15, E10 and E11 or alternatively Bow, Bethnal Green, Stratford, Docklands, Leyton and Leytonstone. Deals go very quick in this area, sometimes in a matter of hours.

We’ll be finding 3-4 Bedr…[Read more]

Not suggesting it is a bad thing but you should be aware that there was a lot of landbanking scams in the UK recently. One of the scammers was rumoured to be starting up in Oz.

google it in UK have a look at least you will know what not to do with landbanking

Not sure if I know you but I am one of those ozzie guys selling property in Buffalo and Rochester. Based on what I have seen available up there over the years I like to think that I am offering the best of deals for the investors that buy from me and yes it is hard work and the profits are small.

I to have noticed that this forum lets…[Read more]

I am investing overseas but it is an English speaking country that is based on the Westminster system. AT least when I talk to my realtor and PM my bulls***t detector functions as it only…[Read more]

I originally went for buy and hold starting with fixer uppers. On that score properties shave performed well with the exception of one that I bought (not through DASA) retail now sold. of a guy up there that is selling to ozzies. I was fortunate enough to kick off with DASA using there fixer upper formula but they don’t do that anym…[Read more]

I just dropped you a PM with a contact in Uk that is impartial and very experienced in Easter Europe.

I seen that show and have lived in the Us and am fully aware of the historically segregated nature of a lot of city neighborhoods.

As far as ethics are concerned you will find that most community groups are pro foreign investment in the area. The city officials, housing action groups and local business support foreign and out of town…[Read more]

Real Estate: Is the party over?
Exclusive forecasts for the 100 largest markets.

December 16, 2005
By Ellen Florian Kratz, FORTUNE

NEW YORK (FORTUNE) — Everybody from Los Angeles to Boston — your mom, your doctor, your dry cleaner — is puzzling over which way the nation’s real…[Read more]

Bardon how many of these deals have you come across where you have had the opportunity to take over a persons mortgage?

Flash there is an abundance of the takeover mortgage deals that I see some of them have loans at 4.5% fixed!!. Receive at least 3 deals for consideration a week all over the US. I have been tracking…[Read more]

Built 2003, 4 bedroom two car garage, best school district, cash flowing about 200 per month, no finance required can buy it for US $4975.

Balance on property: $150,000
Estimated Market Value: $181,000
Equity: $31,000
Payments: $1488/mo (incl. taxes/Ins)
Price: $4975…[Read more]

Yes I am doing fixer uppers and am branching out from there.

Here is an extract of the listing. Just sent it to you by email. Some were in decent areas, probably all sold by now. The owner was tired and some of the properties were also tired but they are working and the numbers speak for themselves.

Super single rental home, Rent…[Read more]

Be careful if you decide to hold rather than flip as vacancy rates are climbing in Florida in general. Some Uk investors have been caught out big time with high vacancy or short term leases to holidaymakers in Orlando. The New York Times also reported that Southern Florida was one of the those US metro areas like…[Read more]

I know some UK guys that are buying in Bulgaria. You need to be very careful in resort beach type areas as occupancy levels are seasonal and cash flow calcs need to allow for this.

They recommend Sofia where you can get new build 3-4 bedroom houses rather than apartments on 100% finance (if you set up a local company which costs about…[Read more]

I bought a house off of one of the guys up there that I met early on in the piece who is now selling to ozzies. I bought the house as a risk reduction strategy (so I thought) so that if my other team didn’t perform I could fall back on him. The house was a poor performer right from day one and I have since sold it but with…[Read more]

If you are buying at those returns the properties must be fully rehabbed and the work just done and they must be in the good end of town. If they have not been fully rehabbed don’t buy them as the ongoing maintenance will kill the deal.

You can get fully rehabbed properties with current city inspection certificates with 25% retu…[Read more]

As…[Read more]

It takes time to get finance for foreclosures and normally at least 6 months before you can get a…[Read more]

The big site is http://www.realtor.com

look up Sperlings best places for info by post code.

Pick your area and stick to it.

You should go out there and check it out before you buy anything.

Points 1 and 2 are my personal experience. This was a one off buy that I got from a guy that was not my usual source I had met him up there and believed him to be trustworthy he would probably still say that it was a good house and it was the property management that was no good. I don’t have that house any more and got out of it even…[Read more]

Never been there but I can vouch for there whiskey I love the Jack Daniels and that is a good solid employer and I will keep buying it, house prices in major metro areas have only started to appreciate noticeably in the last quarter ie second quarter 2005 at about 8-9%.

Here are some bad stories about Buffalo that I can vouch for:

70% vacancy rate and when its not vacant the tennat doesn’t pay rent

3 evictions in the same house in three months

Property manager absconded with rent

Lenders wont lend and the value is less than you can get if you sell it

Property purcahsed with liens

Falsified bills for…[Read more]

I have got +ve cash flow out of investment properties in WNY. Ozi figures are accurate though and yes water usage along with lawn care and snow clearing are an extra cost to be added to his list. Fortunately my property manager doesn’t charge the 1 months letting fee. We use a local lender who is far cheaper than the quoted rates on this…[Read more]

I also have…[Read more]

Bought 5

Sold 1

Under contract to sell 3

<advertising>

Have contract to buy 1 hopefully settle this year

Hope to make an offer on 1 tommorow

A very busy year

I also know…[Read more]

and by the way one of the areas that we are not investing in started of as a slum but after going back to there elitist research notes and esteemed colleagues maybe, perhaps, might, could, should some…[Read more]

So the value derived by readers to…[Read more]

I keep my savings up as my IP lender (not ANZ)likes to see that, it is also reducing the interest on home loan and it is…[Read more]

Check out
http://www.hotspotsintheusa.com/page/page/2222170.htm

So lets see undervalued US $ against oz $, undervalued housing area and buying at 80% of value yes I will take the risk.

By the way Steve did say during this weeks masterclass in perth that he has in fact stopped buying real estate. That doesn’t mean that his partner Dave has stopped.

jb

well thats not what the quote in the Australian say

With respect to your question on yields in Buffalo if you are going out there you should be targeting 30% minimum try right on the Buffalo side of Cheektowoga suburb this is a good area and 30%is doable. You also get the benefit of being very close to the suburbs.

Duplex paid 25.5k last month in US

same proeprty previosuly sold

May 04 for 64k

June 94 80k

I reckon I am buying at the bottom.

Thats my bet

You best talk to an accountant but in general the % rate in the above messages will aplly either 15%, 23% or 30% above on $600 depending on how you structure it also cost of doing return will need to be deducted as well. Then any ozzie tax due after that if you take the money back here and it is outside the DTA.

Also dividends from a company are taxed at 15% . So without state tax you are looking at 30% and then there is the question that the dividends for a company are not part of the DTA so they may have to be declared as income here in oz……

does the non-resident return start to look better to you ?