PropertyInvesting.com | blackhotel | Activity https://www.propertyinvesting.com/members/blackhotel/activity/ Activity feed for blackhotel. Mon, 06 Apr 2026 02:39:13 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 a5772f1e12ae37e9ef55e7bd875c7556 blackhotel replied to the topic US property investing journey in the forum Overseas Deals https://www.propertyinvesting.com/topic/5060005-us-property-investing-journey/#post-5060316 Sat, 23 Nov 2019 10:25:01 +0000 I purchased a property in San Francisco in 2001 when the dollar was AUD$53cents. The property has grown 150%. I manage it myself. US properties have no stamp duties when you buy but have annual property taxes u need to pay which can be a burden. Problem with purchasing in US is you need to follow the Aussie dollar closely because if AUD goes up…[Read more]

]]> 1c8b828e712ac86fd44b94c8d93b310d blackhotel replied to the topic Buying a Block of Units (advice) in the forum Help Needed! https://www.propertyinvesting.com/topic/5048672-buying-a-block-of-units-advice/#post-5048728 Mon, 10 Dec 2018 22:37:01 +0000 Land Tax = Rip-off tax.

]]> 98737d558570913e3f81c4f09cdf92ab blackhotel replied to the topic NSW Suburbs - Investing in the forum General Property https://www.propertyinvesting.com/topic/5044495-nsw-suburbs-investing/#post-5048718 Thu, 06 Dec 2018 01:24:39 +0000 If your planning to be a multiple property purchaser look out for the dreaded Land Tax in Qld – absolutely ruthless! I’m deciding to sell because of it.

]]> 8f99f5524dc22b209cd2b94416d9dc64 blackhotel replied to the topic open mortgage in the forum Finance https://www.propertyinvesting.com/topic/5041942-open-mortgage/#post-5046867 Mon, 18 Jun 2018 02:47:06 +0000 Just out of interest, how does an IP get exempt from CGT if it’s been an IP for less than 6 years? An IP property is never exempt from CGT unless it was your actual home.

]]> 6dbac50f788dc4648382145cbfc449e5 blackhotel replied to the topic selling at purchase price in the forum Legal & Accounting https://www.propertyinvesting.com/topic/5043061-selling-at-purchase-price/#post-5043070 Mon, 19 Feb 2018 01:43:03 +0000 Mate, you can sell for whatever price you want. I know NSW is known as the nanny state but this is ridiculous. There are no laws/requirements to sell at a certain price. Sometimes people sell for allot less than the purchase price. It’s called ‘a loss’.

]]> 8a5d3ba71d9d1ae262d7c83bf41f3048 blackhotel replied to the topic investing in gold coast in the forum Help Needed! https://www.propertyinvesting.com/topic/5040827-investing-in-gold-coast/#post-5041275 Thu, 09 Nov 2017 00:10:47 +0000 When I purchased my 1st house back in 2008, I remember the agent telling me the last time it boomed on the GC, properties were going up $50K p/month and he found it difficult to price his listings. I asked him why it boomed and his reply “I don’t know”! There’s no reason why GC should not be booming right now. If you sold your home in Sydney now…[Read more]

]]> d833e261f0c95e3c0012af457fcc851a blackhotel replied to the topic investing in gold coast in the forum Help Needed! https://www.propertyinvesting.com/topic/5040827-investing-in-gold-coast/#post-5041254 Wed, 08 Nov 2017 01:34:28 +0000 5% – 6%

]]> 652bff655dd6bc64e21f6ded4d3db8e3 blackhotel replied to the topic investing in gold coast in the forum Help Needed! https://www.propertyinvesting.com/topic/5040827-investing-in-gold-coast/#post-5041248 Wed, 08 Nov 2017 01:21:36 +0000 I purchased 3 x houses in 2008, 2009 & 2010 on the Gold Coast (Ashmore). Yes great rental return but absolute crapppppppppp growth. 3 most important things in real estate investing;
1. Location,
2. Location,
3. Location.
The Gold Coast is none of these!

My properties have grown less than 10% in 7-9 years.

]]> 515562f0db1ba688a4e70672495fdb9c blackhotel replied to the topic On-Selling for cash... in the forum General Property https://www.propertyinvesting.com/topic/5041195-on-selling-for-cash/#post-5041247 Wed, 08 Nov 2017 00:48:50 +0000 I’m one of these buyers. I was a buyer of a unit in NSW that was previously sold off-the-plan and then on-sold to me with an amount of cash given to the seller, as you say ‘under the counter’. Just because someone is paying in cash it’s up to the seller to declare this cash and maybe they do. The seller I dealt with was a business man and he…[Read more]

]]> 9e74ac5aa32bc0844214f7edf0413c1d blackhotel replied to the topic Home Loan v Investment Loan in the forum Finance https://www.propertyinvesting.com/topic/5038973-home-loan-v-investment-loan/#post-5039156 Mon, 04 Sep 2017 04:58:08 +0000 I currently have 6 home loans that I live in with 6 different banks. I’m not lining the pockets of those friggin banks, they make enough money from me thank you!

]]> 82bb48b405c20b1970f534cb9a0478a8 blackhotel replied to the topic Land Dispute with Developer in the forum Help Needed! https://www.propertyinvesting.com/topic/5034360-land-dispute-with-developer/#post-5034409 Thu, 30 Mar 2017 03:21:00 +0000 Sell back to the developer and move on. You will always have water problems in the future being on the wrong/lower side of the street. If you try to sell it now, you probably have lost more $$.

]]> 4e0ce58d8f8dcceb1ba1a33f917abd7f blackhotel started the topic Commercial Vs Unit Block (residential) in the forum Commercial Property https://www.propertyinvesting.com/topic/5034190-commercial-vs-unit-block-residential/ Sat, 18 Mar 2017 22:25:05 +0000 Hi All,
I have just sold a commercial property unexpectedly to my tenant who made an offer that blew me away. The property is owned outright in my SMSF. I’m looking to purchase another property which will give me a better return as I have another 8yrs before I can access my superfund. I started to look at residential blocks of say 6 units+ which…[Read more]

]]> e97f9fa652d647baedb9dce333ae7e43 blackhotel replied to the topic Changing to fixed rate mortgage. in the forum Finance https://www.propertyinvesting.com/topic/5034110-changing-to-fixed-rate-mortgage/#post-5034141 Thu, 16 Mar 2017 03:39:53 +0000 Fixed rates – the banks always win! They know more than you before you are even told about it!

]]> 3c8f02ebe081d7f3b63934ea89b601dc blackhotel replied to the topic Levies have not paid on time, huge interest rate and debt recovery fee charge in the forum Help Needed! https://www.propertyinvesting.com/topic/5033033-levies-have-not-paid-on-time-huge-interest-rate-and-debt-recovery-fee-charge/#post-5033434 Wed, 08 Mar 2017 19:19:13 +0000 Who forgets to pay 2 years of levies – porky’s! Amnesia is not a good defence.

]]> f8f168bba63da4b114e237ed9ce71ed4 blackhotel replied to the topic Serviceability Woes! in the forum Finance https://www.propertyinvesting.com/topic/5033416-erviceability/#post-5033426 Wed, 08 Mar 2017 05:03:12 +0000 Same thing happened to me when I tried to refi, except my wife & I happened to break-up before I put the application in. She moved in with her mother. And guess what after the refi was completed we magically got back together – go figure!!!! Beat them to there own stupidity.

]]> 0513495316e12d96218694270c63168d blackhotel replied to the topic Validation on Costing for Property Flip (QLD) in the forum Help Needed! https://www.propertyinvesting.com/topic/5033177-validation-on-costing-for-property-flip-qld/#post-5033338 Fri, 03 Mar 2017 08:29:33 +0000 The funniest post ever. 2.12% return. I just have to laugh Greg – in a polite way.
My response:
Your dreamin,
Your 1st problem is Brisbane,
Your 2nd problem is Property Purchase price of $220K – your dreamin!
Your 3rd Problem is Property investing in Oz is a long term investment if you want to make $$$. Even if you make some profit the ATO will…[Read more]

]]> 4b4aaf06aec671210dd27576d608967b blackhotel replied to the topic New bank regulations on I O loans and property portfolio investors. in the forum Finance https://www.propertyinvesting.com/topic/5032488-new-bank-regulations-on-i-o-loans-and-property-portfolio-investors/#post-5033332 Fri, 03 Mar 2017 02:40:17 +0000 Hi Pollyanna,
You bring up some very important points to novice investors. I am a long term Property Investor (30yrs) and the advice given on IO loans is daunting at this time, however 20yrs ago it was a standard thing to do and without a thought.

Something that is being pushed by so many lately is this Cash flow positive properties vs capital…[Read more]

]]> f65fe9cdf4d6407828c20b5ecbd2024f blackhotel replied to the topic property ownership in the case of a divorce in the forum Legal & Accounting https://www.propertyinvesting.com/topic/5032067-property-ownership-in-the-case-of-a-divorce/#post-5032149 Wed, 28 Dec 2016 05:52:26 +0000 Property- divorce = trouble. I have been through a divorce and a break-up (defacto relationships). It is an absolute nightmare when you own multiple properties. I had properties in my own name, Company, trusts including discretionary & Unit trusts and SMSF. It does not matter in the least who’s name they are in and/or who owns what. Literally…[Read more]

]]> 9532abf8b4a45eac7640b9a07841dbf9 blackhotel replied to the topic Christmas gifts to tenants? in the forum Help Needed! https://www.propertyinvesting.com/topic/5029710-christmas-gifts-to-tenants/#post-5030951 Mon, 31 Oct 2016 23:40:09 +0000 Too personal, keep relationship professional. Maybe send a Christmas card. No matter how good a landlord is, it always falls apart at the end if something goes wrong with the bond claim – ALWAYS!

]]> 077305941d3a2855d3a975f6154569d0 blackhotel replied to the topic Insulation in commercial property - who pays..? in the forum Commercial Property https://www.propertyinvesting.com/topic/5017444-insulation-in-commercial-property-who-pays/#post-5027977 Tue, 28 Jun 2016 09:43:39 +0000 That’s funny all my commercial leases have CPI too, but minimum 3%. Strange your lawyer did not stipulate this in the lease.

]]> 4ab2d934aac36c61e5d7edcf3a86660a blackhotel replied to the topic CGT Question - Strata Plan in the forum Legal & Accounting https://www.propertyinvesting.com/topic/5027893-cgt-question-strata-plan/#post-5027918 Sun, 26 Jun 2016 22:13:36 +0000 Terry W — Yes, the profits will be distributed to all owners for all the other repairs needed. So does the BC pay the tax, then distribute the funds to owners. Or does the BC distribute the funds to owners then each individual owner pay there own taxes?

Scott —– Yes we are going to seek specialist advice and from what we have been advised so…[Read more]

]]> 496332c29916d7b596e4a72276a29c8a blackhotel replied to the topic how to buy POR using money from a recent sold company owned investment property in the forum General Property https://www.propertyinvesting.com/topic/5027866-how-to-buy-por-using-money-from-a-recent-sold-company-owned-investment-property/#post-5027895 Sun, 26 Jun 2016 05:55:05 +0000 I’m in the exact same position “on the ladder”. Do you realize there is no 50% concession on the CGT when the property is owned by a Company? Hence check your CGT position for the sale of this property. My accountant told me that my Company can lend the money to me at an arms length agreement. Hence I will have to pay the Company fair interest on…[Read more]

]]> 0dfbbe42c9eb0bc9b1d5c09a29c3ad3f blackhotel started the topic CGT Question - Strata Plan in the forum Legal & Accounting https://www.propertyinvesting.com/topic/5027893-cgt-question-strata-plan/ Sun, 26 Jun 2016 03:41:58 +0000 Hi, I have a doozy of a question. It’s very complicated and I just can’t get my head around the answer. We have been approved to build a Commercial space in a Strata Plan. The Strata is a 1960’s building and run down and the owners have come up with an idea to renovate the building (in excess of $2m-$3m). One owner suggested to approach Council…[Read more]

]]> d025b246bd9dc5acf61f508a579af90e blackhotel replied to the topic Who has property units in Tasmania. in the forum General Property https://www.propertyinvesting.com/topic/5027674-who-has-property-units-in-tasmania/#post-5027753 Wed, 22 Jun 2016 10:23:13 +0000 My mate purchased in Tassie 20 yrs ago because the return was sooo good. He sold out last year for the same price he bought in. I warned him!

]]> e3bd0dc3b9e9a3d0a99df3a2eeb5985d blackhotel replied to the topic Do you need receipts in able to claim investment property tax return? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/5027677-do-you-need-receipts-in-able-to-claim-investment-property-tax-return/#post-5027752 Wed, 22 Jun 2016 10:17:12 +0000 As I understand it you need receipts if you are only audited by the ATO which could be never. Get receipts from the people who you buy from on Gumtree. Just a simple one on a sheet of paper. Does not have to be tax invoice if your not claiming GST. Also, most small businesses that turn over less than $70K don’t charge GST anyways.

]]> 7b1974f5879968ca6f03b4cad78520b0 blackhotel replied to the topic Advice needed after meeting with investment property advisor from Patrick Leo. in the forum Help Needed! https://www.propertyinvesting.com/topic/5025849-advice-needed-after-meeting-with-investment-property-advisor-from-patrick-leo/#post-5025953 Thu, 19 May 2016 06:08:42 +0000 Wow, I thought the industry got cleaned up from these kind of spruikers. Can’t believe people can be sooooooo gullible to believe this stuff.

“He was recommended to us via our superannuation guy, (who has looked after us for years), who is affiliated with the same larger company”

This is the red light Scott —- run, run!

]]> 591b710de91f263f3814ae24f98b61e0 blackhotel replied to the topic Sell and go? in the forum Help Needed! https://www.propertyinvesting.com/topic/5025801-sell-and-go/#post-5025844 Mon, 16 May 2016 09:33:09 +0000 We just moved back from the GC after 9 years. When we first moved to GC we rented then ended up purchasing a house and a few investment properties (homes). I had no idea where to buy until we lived there, hence why we rented first. It’s a whole new world up there and a dog eat dog mentality. I’m warning you, be careful. All the dodgy people start…[Read more]

]]> 5a6aa9632a0e6b2eb92cc4e218f3b9c1 blackhotel replied to the topic Annual growth rate in the forum Help Needed! https://www.propertyinvesting.com/topic/5023456-annual-growth-rate/#post-5023475 Mon, 04 Apr 2016 08:20:10 +0000 All I can add is Property investing is a long term investment of 20YRS +. The best locations, you pay big but get a small return, but in turn will give you the very best capital growth. Buy in the country and you will pay a lot less and get a good return but next to no capital growth. The big 3 rules for me are : Location, Location, Location will…[Read more]

]]> fea11b46eb582566b1bf276d0f02444c blackhotel replied to the topic buying property in the USA in the forum Help Needed! https://www.propertyinvesting.com/topic/5012565-buying-property-in-the-usa/#post-5012916 Mon, 07 Sep 2015 01:33:22 +0000 My friends just moved to NYC and they are buying property with a rate of 2% fixed for 30yrs.

]]> ce392cbb9c3f97b0050efea1885688a7 blackhotel replied to the topic buying property in the USA in the forum Help Needed! https://www.propertyinvesting.com/topic/5012565-buying-property-in-the-usa/#post-5012862 Fri, 04 Sep 2015 05:26:52 +0000 I purcased a property in San Francisco Ca in 2001. I had to pay cash as no bank in USA or Oz would give some. However, after getting a good credit history (Which is what you need to work on immdiately when you arrive in US), I managed to borrow 80%LVR from a USA bank. When I purchased in 2001 the AUD was 49c, so I have not been able to sell the…[Read more]

]]> 0e57d6b4bb2558650d68b524ace3de29 blackhotel replied to the topic Tenants Requesting Air-Cond in the forum Help Needed! https://www.propertyinvesting.com/topic/5007199-tenants-requesting-air-cond/#post-5007204 Sat, 09 May 2015 01:07:18 +0000 Oh, get quotes, many of them. I had one installed the other day and quotes ranged from $2,800 – $5,200 for the same sized Daikin. Had to go up 3 floors with the pipes. I went with the cheaper quote. He is now busy doing everyone else in the building. I used the website serviceseeker. Good Luck

]]> 8a215a02b092339c97d15d51c05ac712 blackhotel replied to the topic Tenants Requesting Air-Cond in the forum Help Needed! https://www.propertyinvesting.com/topic/5007199-tenants-requesting-air-cond/#post-5007203 Sat, 09 May 2015 01:04:03 +0000 Make sure you ask for extra rent. I always get split systems. The last one I bought was $700 from Bunnings and still no problems after 8 yrs. I have Fujitsu at home and Daikin in a beachfront property, all the same if you ask me.

]]> 5991e9b8476ab507af442a5a1f538689 blackhotel replied to the topic Has anyone used this self managed property website? in the forum Creative Investing https://www.propertyinvesting.com/topic/5006378-has-anyone-used-this-self-managed-property-website/#post-5006475 Wed, 22 Apr 2015 12:08:13 +0000 I use Landlords Choice with great results. They have all the paperwork etc that you need. $199

]]> bab4604e4834060d81bc03a6566b5646 blackhotel replied to the topic How to evict a tenant? in the forum Help Needed! https://www.propertyinvesting.com/topic/5005117-how-to-evict-a-tenant/#post-5005416 Wed, 01 Apr 2015 21:57:25 +0000 Ebm is a flat fee $345pa, but this is for strata properties only. I think from memory $500 excess was for claim of wilful damage by tenants.

]]> 551e558f282083aa7b686ee96c50141c blackhotel replied to the topic How to evict a tenant? in the forum Help Needed! https://www.propertyinvesting.com/topic/5005117-how-to-evict-a-tenant/#post-5005374 Wed, 01 Apr 2015 07:18:47 +0000 my insurance paid for everything when a tenant did damage. Landlords insurance was with EBM insurance. Had all new carpets, new curtains, new built-in furniture that was broken (a fold down bed worth $5000). They even paid the rent while all the work was done. Keeping in mind though they wanted to replace the carpet in one bedroom only, however I…[Read more]

]]> 94fd2fdff86edf0a1fea4738ca8c131b blackhotel replied to the topic how to borrow more / unlimted finance in the forum Finance https://www.propertyinvesting.com/topic/5001083-how-to-borrow-more-unlimted-finance/page/2/#post-5003079 Thu, 05 Mar 2015 10:29:45 +0000 Coogee126,
Check out this guy “Chris Gray”, Just Google him. Watch his video at the CPA convention. He invests in Coogee & Bondi. I love his attitude towards finance & the Banks. He will turn your head around with a different way of thinking. He has turned me into an investor madman (in a good way). I have some other very creative ways of getting…[Read more]

]]> 15345a8814d6f48db6123d5c5f0991b8 blackhotel replied to the topic Notice to all Property Investors - RENTS ARE UP! in the forum General Property https://www.propertyinvesting.com/topic/5002997-notice-to-all-property-investors-rents-are-up/#post-5003073 Thu, 05 Mar 2015 07:33:32 +0000 And then the problem escalates when the tenants start talking to each other.

Another point to make, I always make sure my leases expire in the months of Feb/March of the year. These are the PEAK months for renters moving and I manage to get the best rents.

I have one property that is Managed (the only one). I got a call from her last year to…[Read more]

]]> 60e03ba3eb2841cc72c439e1f2b85e7c blackhotel started the topic Notice to all Property Investors - RENTS ARE UP! in the forum General Property https://www.propertyinvesting.com/topic/5002997-notice-to-all-property-investors-rents-are-up/ Wed, 04 Mar 2015 08:06:05 +0000 I’m a frustrated Landlord. I don’t use a Managing Agent as I’m happy to do it myself and really enjoy it. But in recent years I have noticed something —- your managing agents are not increasing your rents up. Let me give you some examples as to why I’m so angry with YOU ‘property investors’.

As all property investors would do, they keep an…[Read more]

]]> 888f0e114c8c255dc4ae41cb730bb982 blackhotel replied to the topic 0.25% RBA cut......was your bank Naughty or Nice? in the forum Finance https://www.propertyinvesting.com/topic/5000013-0-25-rba-cut-was-your-bank-naughty-or-nice/page/2/#post-5002782 Sun, 01 Mar 2015 10:39:42 +0000 Love reading all this stuff guys.

I have a $1mil LOW DOC loan with RAMS which also is a line-of-credit. After 3 years the loan was transferred to a full doc loan automatically (well sort of – I had to make a phone call the remind them) and rate was dropped to 4.70% var last week.

What really pisses me off is a bank like St.George, I fixed my…[Read more]

]]> 6b4504fb0116147798aada748b09919c blackhotel replied to the topic Is Sydney too Expensive? in the forum General Property https://www.propertyinvesting.com/topic/5002682-is-sydney-too-expensive/#post-5002753 Sat, 28 Feb 2015 10:34:41 +0000 Hi,
I have been investing in r/e for 30 years and my 3 lessons was :
1) When is a good time to buy r/e = NOW!
2) Where should I buy = LOCATION, LOCATION, LOCATION (prime water front, harbour front with million $ views, Beach front)
3) Should I sell = NEVER.

I have done this with all my properties and retired at 40 on a $400K income.

I NEVER…[Read more]

]]> f83c4fdbe2a0e1eda292ee380f3d909e blackhotel started the topic Mortgage Broker Fees in the forum Finance https://www.propertyinvesting.com/topic/5001238-mortgage-broker-fees/ Tue, 17 Feb 2015 00:24:58 +0000 Hi,
Just wondering about my mortgage broker asking for a fee to be paid. I sat with him for a few hours sorting out a very complex set of circumstances. I have now rec’d copies of all the forms that we talked about for signing. But at this time I have received an invoice from him if I want to proceed with the application process. Is this normal?

]]> 36f32b73e99a01c997c840c289cf40e0 blackhotel replied to the topic Good taxation lawyer abt foreign income in Nsw in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4999888-good-taxation-lawyer-abt-foreign-income-in-nsw/#post-4999998 Thu, 05 Feb 2015 09:40:54 +0000 Just in interest about this, do you rec an income from o/s source?

The reason I ask is that I was told that if you do not bring the income into Australia, then u don’t pay taxes in Australia. True or not?

]]> 832a029b1aad9450cd8f784cd1164d34 blackhotel replied to the topic What would you do with an inheritance? in the forum Help Needed! https://www.propertyinvesting.com/topic/4997629-what-would-you-do-with-an-inheritance/#post-4997738 Thu, 18 Dec 2014 02:16:21 +0000 Just food for thought – My friend got a large inheritance and paid off her PPOR. However, now separated she is going to lose this $$$ upon the sale of the home (50/50 split). I would make sure you have an agreement with your husband first before paying off PPOR. Also, lawyer told her it would’ve been better for my friend to buy a property in her…[Read more]

]]> 687c7b7c189582aad1ec4b9ba48f3e35 blackhotel replied to the topic structuring assets in the forum Help Needed! https://www.propertyinvesting.com/topic/4996393-structuring-assets/#post-4996503 Tue, 11 Nov 2014 09:38:25 +0000 Thanks Terryw
Just to clarify as I like to read things in simple terminology, I don’t get what you mean by ‘may not be an issue as company tax is 30% and CGT a max of 24% so just a 6% difference’.

I’m trying to get my head around the meaning of the statement.

Simple terminology is – If I have a profit of $1,000,000, GCT would be $300,000. Are…[Read more]

]]> 32a37836767f8330bf64ef9119630787 blackhotel replied to the topic structuring assets in the forum Help Needed! https://www.propertyinvesting.com/topic/4996393-structuring-assets/#post-4996495 Tue, 11 Nov 2014 07:06:24 +0000 If I had my time again I wouldn’t of made all the mistakes of listening to my accountant 20 years ago.

DON”T put into a Company name. You do not get 50% CGT deduction. A real killer when u want to sell a property 20 years later and you have a profit of say $1,000,000 (this can happen if u invest in property long term). Guess what —- you pay…[Read more]

]]> e1118e6a314528ec4c3b907f1d3d58cb blackhotel replied to the topic Seeking your Advice in the forum Help Needed! https://www.propertyinvesting.com/topic/4996317-seeking-your-advice/#post-4996337 Thu, 06 Nov 2014 06:46:36 +0000 I’m no accountant or financial adviser, but who would like to be paying $48K to Mr Abbott. I could go on a round the world cruise 1st class with that. Mate I would tell him to buy a few good waterfront and/or beachfront properties in the Eastern Suburbs of Sydney like Coogee, Maroubra, Clovelly sort of places, blue chip locations. Must have…[Read more]

]]> f7b9c8afa2569a6d30c6dd0853369d93 blackhotel replied to the topic From High School Dropout to 300+ Real Estate Deals in the forum Overseas Deals https://www.propertyinvesting.com/topic/4994989-from-high-school-dropout-to-300-real-estate-deals/#post-4996316 Thu, 06 Nov 2014 01:38:09 +0000 Cheers for that. I will definitely call you. Just one thing I will say so the forum can read is the biggest difference in USA compared to Oz is there is no “tall poppy” in the USA. I drove a nice car in OZ and people would come up to me and say “you must be ripping someone off” and even spit on my car. In America I also a drive a nice car (SO…[Read more]

]]> 3f32d28ffb42f4ebabab253a1f1a0840 blackhotel replied to the topic From High School Dropout to 300+ Real Estate Deals in the forum Overseas Deals https://www.propertyinvesting.com/topic/4994989-from-high-school-dropout-to-300-real-estate-deals/#post-4996298 Wed, 05 Nov 2014 06:37:22 +0000 Actually after hearing your podcast I have got off my backside and rang the Mortgage broker to get to work on getting me some more money. Thanks for the boot up the ass Engelo. I haven’t done anymore buying since 2010. I travel to LA & San Francisco every year as I love the USA. I have an investment property in Pac Heights. I admire what your…[Read more]

]]> 4ce25654a6d2ed7552a1a1ef65952e1a blackhotel replied to the topic US Mailing Address in the forum Overseas Deals https://www.propertyinvesting.com/topic/4994466-us-mailing-address/#post-4996228 Mon, 03 Nov 2014 23:01:08 +0000 I use a Postal Box service in San Francisco, $375 per year plus costs of her forwarding my mail to Oz, contact is; postbox1592@gmail.com
They accept Credit Card or I just send them a Check each year from my BOA checking account.

]]> ec1fa6842097515fb316786b813f0b90 blackhotel replied to the topic Buying property in the US in the forum Overseas Deals https://www.propertyinvesting.com/topic/4409802-buying-property-in-the-us/#post-4693751 Tue, 17 Sep 2013 00:41:17 +0000 I own a condo in Pacific Heights San Francisco. I've owned it since 9/11. I do not use an Agent to find my tenants or manage it. I use Craig's List. At the start I was renting it for $1500-$1800 p/m, incl utilities, but in the past 18 mths I'm now renting it for $3,000 p/m + utilities. it's now plus, plus cash-flow for me. I have tenants every 12…[Read more]

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