PropertyInvesting.com | bevk | Activity https://www.propertyinvesting.com/members/bevk/activity/ Activity feed for bevk. Tue, 14 Apr 2026 22:59:17 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 8051bdf6fa0e68e5466d7cfb66203154 bevk replied to the topic Thinking about investing in the U.S. in the forum Overseas Deals https://www.propertyinvesting.com/topic/4404779-thinking-about-investing-in-the-u-s/#post-4656248 Sat, 24 Sep 2011 17:43:22 +0000 Nathan,Unfotunately, even in the depressed US market, 30K is just not going to get you very far, other than maybe buying in Detroit! And even if you could purchase something halfway decent there, there are factors such as higher maintenance (winter) and SUBSTANTIALLY higher property taxes – around 8-10x what we are paying in Nevada.We have…[Read more]

]]> 6682a5e25c29c40e192de1b5b6ea8051 bevk replied to the topic soooo Who here ownes property in USA ? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4404716-soooo-who-here-ownes-property-in-usa/#post-4655743 Sun, 18 Sep 2011 22:04:58 +0000 We own 3 properties (so far)All 2 bed/2 bath homes in Las Vegas.Paid approx $52-55K per property (including repairs, fees etc)Rents are approx $830-$880 per month.So far very pleased with how things are working out.

]]> 562135cdc297150b2b4491cb36738a76 bevk replied to the topic Where to find previous sale price of property. in the forum Help Needed! https://www.propertyinvesting.com/topic/4402221-where-to-find-previous-sale-price-of-property/#post-4638315 Fri, 17 Dec 2010 01:31:23 +0000 I don't think it's much use to know this. You can get the knowledge, but it won't have much bearing on your negotiation power IMO.Our next door neighbour bought their 3bed/2bath home in 2003 for $555K. They are currently selling it at approx $950K. Knowing how much they paid for it is not relevant to the market today because the median for that…[Read more]

]]> b1d3bc3666b3cd40f41f1691bf9f8044 bevk replied to the topic Whinging Tenants in the forum Help Needed! https://www.propertyinvesting.com/topic/4402210-whinging-tenants/#post-4638206 Wed, 15 Dec 2010 05:33:01 +0000 Sounds like they're turning in to the tenants from hell.Might be worth giving them the flick as soon as possible and scout around for some new tenants.

]]> 941ab465ba37512b93b8efba2aac7a9f bevk replied to the topic Property investing in Australia in the forum Help Needed! https://www.propertyinvesting.com/topic/4401008-property-investing-in-australia/#post-4630715 Sat, 11 Dec 2010 23:11:59 +0000 Hi Robbie.I am also ex-South African and have been here for 10 years.The property market has gone through the roof here and it is pretty hard to find good deals.For example, in my Melbourne suburb the median house price has gone from 450K in 2004 to 950K in 2010.A house around the corner from me sold for 1.4m yesterday, a record for our suburb I…[Read more]

]]> ef2505e735bec02e8de84312415f287e bevk replied to the topic Car park Space as an Investment in the forum Car parks were a rubbish https://www.propertyinvesting.com/topic/4390790-car-park-space-as-an-investment/#post-4574152 Sat, 11 Dec 2010 01:11:41 +0000 Car parks were a rubbish investment for us.

We bought 6 car park spaces in St Kilda (at the George) in 2005.

Cost approx $21,000 each and we had them for almost 4-5 years.

It was the biggest waste of money for the following reasons:

1) The average income in that parking centre was $108-$120 per month per bay before fees and charges

2)…[Read more]

]]> 2c883c2e9aac1d01998ea0d4956dc923 bevk replied to the topic Car park Space as an Investment in the forum Creative Investing https://www.propertyinvesting.com/topic/4390790-car-park-space-as-an-investment/#post-4574152 Sat, 11 Dec 2010 01:11:41 +0000 Car parks were a rubbish investment for us.We bought 6 car park spaces in St Kilda (at the George) in 2005.Cost approx $21,000 each and we had them for almost 4-5 years.It was the biggest waste of money for the following reasons:1) The average income in that parking centre was $108-$120 per month per bay before fees and charges2) Management fees…[Read more]

]]> 3d0f7f2176927d4de4d68ee35bec780f bevk replied to the topic First property purchase coming up. Help needed in the forum Help Needed! https://www.propertyinvesting.com/topic/4402170-first-property-purchase-coming-up-help-needed/#post-4638050 Sat, 11 Dec 2010 00:40:39 +0000 I can't advise you on all the aspects of your question, but personally would not invest in anything that was neg geared. I could not afford to support ANY properties at a loss, but could happily have many properties which paid me cash (rental) every month, year in, year out.Some people could possibly support 1 property at a loss, hoping for…[Read more]

]]> 69346c437ae1e8da1c65341021c271f6 bevk replied to the topic opening a US bank account in the forum Another  possibility to https://www.propertyinvesting.com/topic/4402147-opening-a-us-bank-account/#post-4637840 Thu, 09 Dec 2010 21:59:36 +0000 Another  possibility to consider is Paypal.Many people have a PP account which is linked to their Aus bank account.Once you have a US bank account, set up another PP account linked to this and send money from one PP account to another. Send it as Personal/Gift so there are no fees.You then draw it down into your US bank account.You might have to…[Read more]

]]> 3d5d9c85eeab6656a0896ec8ffe1e896 bevk replied to the topic opening a US bank account in the forum Overseas Deals https://www.propertyinvesting.com/topic/4402147-opening-a-us-bank-account/#post-4637834 Wed, 08 Dec 2010 08:52:03 +0000 If you're talking HSBC, they do charge a standard $200 for an application to their basic banking account. It's a pain, I agree.Because we Aussies don't have credit history there, you could possibly do some of the following:1) Get an updated credit history from Australia (for free) to show them. They may not take it seriously or may even disregard…[Read more]

]]> 9162735a88fd46bc91583b0895242e01 bevk replied to the topic Warnings about Investing in the US in the forum Overseas Deals https://www.propertyinvesting.com/topic/4402115-warnings-about-investing-in-the-us/#post-4637648 Sun, 05 Dec 2010 09:40:59 +0000 Hi Runway – good posting, thanks.Not seeing the property – I agree with you in many respects and yes, we can do much of the research from our computers. However, I still think that there is a due diligence process we should go through, even if it is to hire a local inspector to look at it for us. If there is no physical inspection of the property…[Read more]

]]> b12d9bbd9be4df4fe1aab1f060b7bdbe bevk replied to the topic My Orlando FL. property experience in the forum Overseas Deals https://www.propertyinvesting.com/topic/4402024-my-orlando-fl-property-experience/#post-4637098 Sat, 27 Nov 2010 09:09:19 +0000 Sister-in-law aside, I'm not sure I understand why you would schlep all the way over to America and purchase a property that way. You can easily neg gear here and the capital gains are quicker and probably more reliable. Most people in Oz would these days would say that their properties have virtually doubled in value in the last 5 years – I…[Read more]

]]> 84bed98453d72700bcb3f542fb802871 bevk replied to the topic My Orlando FL. property experience in the forum Overseas Deals https://www.propertyinvesting.com/topic/4402024-my-orlando-fl-property-experience/#post-4637094 Sat, 27 Nov 2010 03:35:46 +0000 Yes, I think the initial costs associated with the purchase (even travel) can be deducted when selling.However, if you hold the property for 20 years, you have to wait a looooong time to get that benefit :)Personnally, I hate the words "negative gearing". Anything that doesn't put money in my pocket from day 1 should be avoided.  CG cannot be…[Read more]

]]> b24fe98ceae831f0df70ba5761c6d9e7 bevk replied to the topic My Orlando FL. property experience in the forum Overseas Deals https://www.propertyinvesting.com/topic/4402024-my-orlando-fl-property-experience/#post-4637089 Sat, 27 Nov 2010 02:10:10 +0000 Interesting post, thanks.Out of curiosity, if your sister-in-law was not the tenant, you would have to charge at least $2500 in rent per month to get a gross return of approx 14% before expenses.Is the house in an area where such a rental is achievable?

]]> ddcefad99b48a2f9e51dae6c271510ae bevk replied to the topic MIAMI (ad)VICE in the forum Wow, this has been an https://www.propertyinvesting.com/topic/4401354-miami-advice/page/9/#post-4632946 Wed, 10 Nov 2010 02:31:05 +0000 Wow, this has been an excellent read – Thanks BB and others.I really like your "go for it" attitude.Although I'm still in Australia, I have been doing masses of research and have found the property websites mentioned above in previous posts to be an great source of information.I am currently looking at Las Vegas for potential purchases and…[Read more]

]]> 7ef52c880363f6bb7e7ca7ed31cabd01 bevk replied to the topic We have seed capital and will invest in USA in the forum Overseas Deals https://www.propertyinvesting.com/topic/4401800-we-have-seed-capital-and-will-invest-in-usa/#post-4635663 Tue, 09 Nov 2010 09:24:54 +0000 Thanks Jeff for the post.I have been doing so much researching this last week, my head is spinning.Initially we had wanted to look at properties between 15-30K, but I think we will probably change our strategy a bit and look at a range between 30-45K approx.The only downside is that we need to change our initial financial strategy a bit, ie: if we…[Read more]

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