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I give good tenants voucher of 50 bucks for movies once a year
I have 5 properties and only 1 has a mortgage.
I never bought a negative geared property.
I follow kiyosakis and deroos ideas:
You make money when you buy, not buy and pray that value goes up!
All the people who have negative geared properties actually gamble and hope prices go up! That is not investing to me, no offence to anyone.
My advice, either sell or refinance and buy a property which earns you money.
If you cant find those properties, id recomme d invest time in your education how to find itHi there
I am a german in the victoria market and usa, las vegas.
In las vegas I have 15 to 22% return plus capital gains.
Here in australia.
Well very different.to find cf properties is pretty unlikely.
I achieved 6.5 and 8% in bendigo plus gains.
In melbourne we had to buy a big block and doing plans and permits for 3 houses in order to create money.
I have not found a cf property in melbourne.
1 house in ringwood sold for 1.2mio and is now for rent for $590/week!!!
Extreme case but it shows you how bad it is.
On average $600000 properties achieves in croydon 450 to 600 dollars/ week if you doing ok.
After tax, depreciation, repairs , rates , you end up with a negatively geared property.
One area here , frankston, is worth researching for growth and subdivisions.
Hope this helpsHi engelo
I am a german who lives in victoria.
Have 2 houses in usa and 3 houses in victoria.
I strongly agree with you! Why invest in australia when you struggle to get 6or7% return and hope and pray that the market goes up (btw market in victoria is too high, just my opinion).
In usa I am getting 20 and 25% return and capital growth.
Just my 2 centsVery simple for me.
I earn atm $950/ wk without working.
I have 3 levels for me.
$500/wk I am secure
$2000/wk I am comfy
$1mio/ year I am rich.All the money will be passive income.
I wont have to workWe are with cba for 1 ip.
Had the best rate 2years ago,4.15%.
Now increased to 4.59Well I think as with everything, get information then make a decision.
Unfortunately if you never been to the usa it is very difficult to make decisions.
I bought 2 houses in vegas in 2011.
Costs 70000 and 80000 dollars after renovations.
Today they both return approx $25000/year.
Return is great.
in 2011 1au $ = 1.10 $ us
Houses worth today approx $us200000 each.
great experience. But hard.
management lied and ripped us off in beginning.
example “$2500 charged for broken waterpipe!!
Agent just lied and stole our money.
now we have our fifth agent and many rules in play (example agent needs our permit if damage is over $150)
We are buying soon more properties in usa.
You just struggle to get 20 or 25% return plus capital growth in australiai had the same question.i decided that i ll purchase first ip in usa in my name.
if u purchase through llc,hardly any bank will give u money in the near future.
i ll purchase more properties in the future and have a better chance to finance through my ip in my name,which i ll purchase in cash.
another thing is the costs to set up and tax return etc.
in my name i can pay tax only in australia and dont need to lodge in the usahope this helps
hi robertim german,live in melbourne and would like your advice about investing in usa.
where to start?do i need a bank account,address llc etc?
people tell me so many different things.now i checked with the irs and all what wa said was wrong.
can u pls advice me how to get started?i have a bit over 100 000 in cash.read all books by kyosaki and dolf the roos,and want to lern by doing nowthank u in advance.my email is [email protected]
hi charlie3.
my name is bernie.
i want 2 buy properties for cash flow.id appreciate it heaps if u can tell me what u know,how to get started,how to set up account llc etc.
and i like to hear what u buying at the moment,how u rent out places agent or management team,legal team etc.thank u in advance
bernie
