PropertyInvesting.com | British Buyer | Activity https://www.propertyinvesting.com/members/british-buyer/activity/ Activity feed for British Buyer. Tue, 14 Apr 2026 19:22:44 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 3b70afb12a0ae83a9259640fa79dbf27 British Buyer replied to the topic MIAMI (ad)VICE in the forum Overseas Deals https://www.propertyinvesting.com/topic/4401354-miami-advice/page/20/#post-4633175 Thu, 10 May 2012 01:05:57 +0000 sundirtwater wrote:
Steve,By way of comparison with your 3 houses what are your thoughts on investing in apartments on Miami Beach? I imagine you can get them pretty cheap. How many would you get for $300k and what would be the comparable rental returns on them after tax? Also since your strategy is capital growth would you not achieve the same…[Read more]

]]> c8537bde81c0da12f359b910ec58e488 British Buyer replied to the topic MIAMI (ad)VICE in the forum Overseas Deals https://www.propertyinvesting.com/topic/4401354-miami-advice/page/20/#post-4633173 Mon, 07 May 2012 00:44:44 +0000 I have come to know many Miami-based realtors, and they are all professional and take their work very seriously.  They would never cheat a client, if not for moral reasons then at least out of fear of losing their reatly licenses.They also always know people to assist with repairs, killing termites, getting your garden looked after, etc. etc.  I…[Read more]

]]> 8c61c2817eba988592c8ead77ad1c424 British Buyer replied to the topic MIAMI (ad)VICE in the forum Overseas Deals https://www.propertyinvesting.com/topic/4401354-miami-advice/page/20/#post-4633165 Sun, 06 May 2012 07:07:47 +0000 Being interested in surfing, I often visited the Taiwanese east coast in the late 1990’s, and during those visits I got to know a tall, good-looking young American guy.  He was teaching English to kids in Ilan, and when there weren’t any waves to surf he spent his time learning to speak Chinese.  Then I bumped into him in Taipei (the capital of Ta…[Read more]

]]> 9904336dfd8d754c3ad7267ccb5947de British Buyer replied to the topic MIAMI (ad)VICE in the forum Overseas Deals https://www.propertyinvesting.com/topic/4401354-miami-advice/page/20/#post-4633163 Sun, 06 May 2012 03:29:20 +0000 A lot of people e-mail me, either to ask for my advice on when and where to invest in the US, or to ask for help (to invest in Miami).  When I first started posting on this forum I had some scamsters contact me (whom I ignored, because they were most likely sitting in Nigerian internet cafes posing as millionaire Aussie investors).  From that mom…[Read more]

]]> 83ec0420082448028b0ba9dfcb45fdd1 British Buyer replied to the topic MIAMI (ad)VICE in the forum Overseas Deals https://www.propertyinvesting.com/topic/4401354-miami-advice/page/19/#post-4633161 Fri, 04 May 2012 14:21:19 +0000 I've just been reading some of the disturbing news about ruthless (or just plain stupid) people who've set up companies to help foreigners invest in US property. Well, I can't say I'm surprised: where there's greed for exaggerated profits, someone is bound to at least try to separate those less smart or more honest than themselves from their…[Read more]

]]> e828d4b95803209dbb9ae03fae11ad90 British Buyer replied to the topic MIAMI (ad)VICE in the forum Overseas Deals https://www.propertyinvesting.com/topic/4401354-miami-advice/page/19/#post-4633160 Fri, 04 May 2012 09:15:21 +0000 I'm back in Shanghai, as of two weeks ago.  My reasons for returning were two-fold: my six-month US visa was up, and I want to sell some Chinese property and move the money into the Miami real estate market.First some observations about Chinese property:I can sell my small 2 bedroom Shanghai apartments in the Middle Ring for close to $500,000.  Sh…[Read more]

]]> e46e6ae892f5e20b9068dd9a49cda6bc British Buyer replied to the topic MIAMI (ad)VICE in the forum Overseas Deals https://www.propertyinvesting.com/topic/4401354-miami-advice/page/19/#post-4633150 Sun, 01 Apr 2012 02:21:38 +0000 Hi Fellow ReadersSorry for not posting for so long.  Have been wrapped up in my own life (ie. properties) here in Miami.I've been living in Miami since January of last year.  It's been quite an experience so far.  We (myself, wife, and two toddlers) all have 6-month tourist visas, so we've had to leave the country twice so far (took short 2-…[Read more]

]]> 473f789e5d0a3282a5b9d35bd683374b British Buyer replied to the topic MIAMI (ad)VICE in the forum Overseas Deals https://www.propertyinvesting.com/topic/4401354-miami-advice/page/18/#post-4633142 Mon, 05 Sep 2011 21:13:56 +0000 sundirtwater wrote:
Steve, Thanks very much for all the information in this thread – its fantastic! I'd very much appreciate if you were able to continue to update us with info on the houses you are currently looking at and your experiences. Also, could you give some idea of what a) a SFH needing reno work on Miami Beach that you could pick up…[Read more]

]]> e23ccf52ef9670deb1abfcb0aff9f0f2 British Buyer replied to the topic MIAMI (ad)VICE in the forum Overseas Deals https://www.propertyinvesting.com/topic/4401354-miami-advice/page/18/#post-4633136 Thu, 01 Sep 2011 00:29:06 +0000 Hi AjayI've paid cash for both properties.  The reason for paying cash is not because foreigners can't get financing, but because NOBODY can get financing when buying REOs.  All banks have stringent criteria when granting mortgages, the most important being that the house is move-in ready.  REOs never satisfy this criterion.  This means the onl…[Read more]

]]> 5ef2d04e54b04ab718604cd0c4d9329d British Buyer replied to the topic MIAMI (ad)VICE in the forum Overseas Deals https://www.propertyinvesting.com/topic/4401354-miami-advice/page/18/#post-4633134 Wed, 31 Aug 2011 01:11:56 +0000 Hi ReadersI've been in Miami since the end of January 2011.  I stuck with my Dream House (a waterfront property in Surfside, on the northern end of Miami Beach), and after waiting a full 7 months while the property was dragged through court, we were finally able to purchase it at the end of July.  It was an REO (foreclosure) and I paid way above t…[Read more]

]]> 99137b3592c68a276ceb14a4a79857b6 British Buyer replied to the topic MIAMI (ad)VICE in the forum Overseas Deals https://www.propertyinvesting.com/topic/4401354-miami-advice/page/17/#post-4633105 Sun, 27 Feb 2011 17:59:04 +0000 If I was considering using an individual or a company to do my US property purchasing for me, on top of researching as much about their history as possible using the internet (and if you find no history, then be very wary), the easiest way to be sure that they're not all just hot-air trying to separate you from your hard-earned cash, just ask them…[Read more]

]]> a061d359e4a1a62a9532c3a2bfdcaae3 British Buyer replied to the topic MIAMI (ad)VICE in the forum I've looked at a few https://www.propertyinvesting.com/topic/4401354-miami-advice/page/16/#post-4633102 Sat, 26 Feb 2011 21:34:58 +0000 I've looked at a few properties priced under 50K, and although the houses were in OK condition, the neighbourhoods can only be described as "bad".  Therefore, if you're looking to spend less than 50K in Miami I'm guessing you're going to be dealing with Section 8 tenants.  This may be difficult to do from afar, so you'll probably need to use one o…[Read more]

]]> 2d922e6ceb4289f232b6545f05a8e0bb British Buyer replied to the topic MIAMI (ad)VICE in the forum Overseas Deals https://www.propertyinvesting.com/topic/4401354-miami-advice/page/16/#post-4633097 Sat, 26 Feb 2011 12:45:47 +0000 I wish to clarify a few things.Once again, all are just my own opinion, and I don't wish to get into any arguments with anyone about which place in the US is the best to invest (besides, I haven't looked at anywhere except Miami).I shall summarize my main observations:1. Property prices in Miami are very low compared to similar cities around the…[Read more]

]]> 141d585252048e9a282839d4b2791291 British Buyer replied to the topic MIAMI (ad)VICE in the forum Hi All I'm not posting very https://www.propertyinvesting.com/topic/4401354-miami-advice/page/16/#post-4633092 Sat, 26 Feb 2011 02:09:14 +0000 Hi AllI'm not posting very often, so was surprised to see how many responses my last post received.I thank you all for the time you've taken to read and respond.Also, I hope my unfolding story is of educational value to all those considering coming to the US in the near future.As Mojorising pointed out above, the trouble HSBC has given me is no…[Read more]

]]> aac08940b8b1e541c775ad98b31e9e06 British Buyer replied to the topic MIAMI (ad)VICE in the forum VERY IMPORTANT ADVICE In my https://www.propertyinvesting.com/topic/4401354-miami-advice/page/16/#post-4633086 Wed, 23 Feb 2011 05:02:35 +0000 VERY IMPORTANT ADVICE In my opinion, it is NOT a good time to invest in the US.  If I had not already paid a non-refundable deposit on a waterfront REO single-family home, I'd change my ticket and get the hell out of this country and not bother coming back until there are very clear signs that the market is stabilising.Two reasons for this…[Read more]

]]> cd4bce4fe997dd6205eb9ae5c49fc9a9 British Buyer replied to the topic MIAMI (ad)VICE in the forum Today I saw an article in https://www.propertyinvesting.com/topic/4401354-miami-advice/page/15/#post-4633082 Thu, 10 Feb 2011 13:46:44 +0000 Today I saw an article in the Miami Herald reporting on Trulia's latest research into the US housing market.According to the report, Miami is the best big city to invest in.The reason: the money you'd spend over 6 years of renting a 2 bedroom home could buy that same home.Here's a quote from the article:<moderator: delete 8 paragraph long q…[Read more]

]]> f61102a1200a3b0e8a0cbf429e612985 British Buyer replied to the topic MIAMI (ad)VICE in the forum Overseas Deals https://www.propertyinvesting.com/topic/4401354-miami-advice/page/15/#post-4633081 Mon, 07 Feb 2011 19:26:30 +0000 Hi AllAm a bit irritated that the long comment I just wrote didn't go up when I pressed POST.Must remember to CTRL C everything next time.I'm still in the process of buying my Dream Waterfront Home.  Have opened my HSBC premier account, and applied for the mortgage.  Must pay 30% down, and the interest rate is 5.2% now, much higher than last No…[Read more]

]]> 12d7718cfd369429d7309b6cf4645c78 British Buyer replied to the topic MIAMI (ad)VICE in the forum Hi everyone who's kept this https://www.propertyinvesting.com/topic/4401354-miami-advice/page/15/#post-4633071 Sun, 30 Jan 2011 23:44:45 +0000 Hi everyone who's kept this thread alive during my absence from the site.  I'm now back in Miami, staying in a small rented apartment near Miami Beach.  I have my wife and two babies with me, which is quite a handful.If any of you've followed my posts from the last time I was in Miami, you'll recall I became obsessed with a water front property (…[Read more]

]]> 8d6d432065738821e815a943c6d367b3 British Buyer replied to the topic MIAMI (ad)VICE in the forum Overseas Deals https://www.propertyinvesting.com/topic/4401354-miami-advice/page/14/#post-4633054 Wed, 12 Jan 2011 09:39:51 +0000 James2118 wrote:
Interesting opinions there Steve,Although they may sound fairly negative about the future of property in USA, I must say I am pretty excited to hear news like this. I am looking to start investing over in the USA in the next few months, hopefully get a property when I am over there in May/June this year. Nothing too major, maybe…[Read more]

]]> 507236278e34d0f3d52533c0db0ff7e6 British Buyer replied to the topic MIAMI (ad)VICE in the forum Mosqui wrote:Hi Steve I https://www.propertyinvesting.com/topic/4401354-miami-advice/page/14/#post-4633053 Wed, 12 Jan 2011 09:33:45 +0000 Mosqui wrote:
Hi Steve I joined the forum last year after reading your post, I'm located in Perth WA and I'm also very interested in USA and now Miami because I have a friend of a friend who lives there, so after a few months looking for some good connection I think I have found what I was looking for. I may be going over there in April/May as…[Read more]

]]> 79d4d258face8f77838ddb4748452a9c British Buyer replied to the topic MIAMI (ad)VICE in the forum Overseas Deals https://www.propertyinvesting.com/topic/4401354-miami-advice/page/14/#post-4633049 Tue, 11 Jan 2011 15:42:48 +0000 THIS IS FROM ZILLOW (ONE OF THE TOP US PROPERTY SITES) written 20 DecemberIt’s a testament to the strangeness of the current housing market that there is such a wide diversity of opinion as to what 2011 will hold for real estate. Typically, housing appreciation floats in the range of 2-5% per year, but currently you’ll find those who believe we’…[Read more]

]]> 3f4c4048814bed94a3c64e3efd2a1e8d British Buyer replied to the topic MIAMI (ad)VICE in the forum Hi everyone I haven't https://www.propertyinvesting.com/topic/4401354-miami-advice/page/14/#post-4633048 Tue, 11 Jan 2011 15:39:22 +0000 Hi everyoneI haven't written for ages, because I've been back in China getting ready for my return to Miami.  I left Miami on Nov 25, and am returning on Jan 24, this time with my wife, son (a toddler) and daughter (6-month old baby).  It's going to be a handful, especially as here in China we are spoiled with good 24-hour a day help, whereas in M…[Read more]

]]> 09afed136049c755200822eff1df880b British Buyer replied to the topic MIAMI (ad)VICE in the forum Overseas Deals https://www.propertyinvesting.com/topic/4401354-miami-advice/page/13/#post-4633030 Tue, 30 Nov 2010 23:48:10 +0000 Hi EveryoneI'm back on Hainan Island.  What a culture shock.  China is so gritty compared to the US, with it's neat sidewalks and well-kept lawns.  I've been missing Miami so much (not just the environment, but the buzz you get from REO hunting) that I had to hold myself back from buying plane tickets for my family for next week.  But logic dict…[Read more]

]]> 5593cf9fe3ab356985ab3b0a4e645a00 British Buyer replied to the topic MIAMI (ad)VICE in the forum Overseas Deals https://www.propertyinvesting.com/topic/4401354-miami-advice/page/13/#post-4633024 Wed, 24 Nov 2010 15:16:21 +0000 Today is my last day in Miami.  I've put in some very low offers on some houses, and am still waiting to hear back from the banks.  None of these are houses that I'm "in love" with, but if I can get them at the price I offered then I got a real bargain.I'm now only using REO listing agents when I put in offers, and if anyone bids higher than me I…[Read more]

]]> c02ab36b4c529928b59597a6abc442a9 British Buyer replied to the topic MIAMI (ad)VICE in the forum Overseas Deals https://www.propertyinvesting.com/topic/4401354-miami-advice/page/12/#post-4633021 Tue, 23 Nov 2010 05:04:37 +0000  IT SEEMS THERE'S NO RUSH.  2011 SHOULD BE A GOOD YEAR FOR REO BUYERS:(Reuters) – The shadow supply of homes set to hit the U.S. housing market jumped more than 10 percent from a year earlier to 2.1 million units in August, suggesting prices will continue to decline, a mortgage data firm estimated on Monday. Based on the number, it would take ei…[Read more]

]]> 3a5e04ccc0dcb7bce735ff39f351c514 British Buyer replied to the topic MIAMI (ad)VICE in the forum Overseas Deals https://www.propertyinvesting.com/topic/4401354-miami-advice/page/12/#post-4633015 Sun, 21 Nov 2010 16:20:06 +0000 mojorising wrote:
Thanks Steve,Most of my liquid assets are in shares. I can turn them into cash in 1 day and an EFT to my US bank account in 1 day. The local EFT to the vendor would be an additional day.If I am paying cash for my 1st property seems like that would be fast enough.Do you know how fast you need to come up with the cash if an…[Read more]

]]> 6870b1309ca019a1c78d72b99de7b8eb British Buyer replied to the topic MIAMI (ad)VICE in the forum TO SNOWY REO listing agents https://www.propertyinvesting.com/topic/4401354-miami-advice/page/12/#post-4633014 Sun, 21 Nov 2010 16:14:51 +0000 TO SNOWYREO listing agents are always a team, with one person cozying up to the banks to get more listings, and the others on the team sell the REOs (and remain anonymous from the bank, which is why one of them can be your buyer's agent, but the team head cannot).Some may help you rent out your properties.  I can't see why they wouldn't.  But a…[Read more]

]]> c1512148cdd9f31dd2a2e4c46a308f50 British Buyer replied to the topic MIAMI (ad)VICE in the forum I was just "hanging" with my https://www.propertyinvesting.com/topic/4401354-miami-advice/page/12/#post-4633011 Fri, 19 Nov 2010 19:01:05 +0000 I was just "hanging" with my new brothers, a small group of realtors with questionable morals who happen to be listing agents for REOs.The phone kept ringing, and each time it was about the same property: a 3 bed, 2 bath SFH in Little Haiti (not one of Miami's better suburbs, to say the least).  The bank is asking 29K, but the offers have all…[Read more]

]]> af49bbce7f0871119f7ebc9948889a0b British Buyer replied to the topic MIAMI (ad)VICE in the forum mojorising wrote:Hi https://www.propertyinvesting.com/topic/4401354-miami-advice/page/12/#post-4633010 Fri, 19 Nov 2010 15:23:57 +0000 mojorising wrote:
Hi Steve,Someone like you who will be on the ground and living there and managing their own proerties can obviously make the best purchase decisions and make the most cashflow. But for an investor planning to buy form overseas and rent out without being there do you think going for properties within a condo development which…[Read more]

]]> 559304d0e818e5ff9797da2f16694ae9 British Buyer replied to the topic MIAMI (ad)VICE in the forum TassieJH wrote:Very https://www.propertyinvesting.com/topic/4401354-miami-advice/page/12/#post-4633009 Fri, 19 Nov 2010 14:00:29 +0000 TassieJH wrote:
Very philosophical guys…and interesting.But back at the main topic of MIAMI ad(VICE) Steve how is this week progressing for on the quest for a SFH to inhabit with the family?The tales of intrigue and skulduggery have at sitting close to our LCD screens waiting for the next episodeKeep up the great posts.Tassie

Aha TassieYou…[Read more]

]]> 9c0c40f4a012c5e319bde0a4e3dd83ad British Buyer replied to the topic MIAMI (ad)VICE in the forum TO CHUI I'm a bit worried https://www.propertyinvesting.com/topic/4401354-miami-advice/page/12/#post-4633006 Fri, 19 Nov 2010 00:47:42 +0000 TO CHUII'm a bit worried about China's property market overheating.  That's not to say it might not double in prices, but even at today's levels property is unaffordable for 90% of the population.But China is breaking a lot of records these days, and going into unchartered territory.  Never before have so many Far East Asians (with their unique v…[Read more]

]]> 55d43ba2338dba78504094ebe1bbccb7 British Buyer replied to the topic MIAMI (ad)VICE in the forum Overseas Deals https://www.propertyinvesting.com/topic/4401354-miami-advice/page/12/#post-4633004 Fri, 19 Nov 2010 00:16:02 +0000 TO DHILLONI didn't read Soros's Alchemy of Finance, but a few months ago I read the updated biography of Soros (I can't remember either the title or author offhand).I think you're right about him changing directions at the drop of a hat.  Probably something he learnt as a Jewish youth on the run from the Gestapo.  I think his statements (on the n…[Read more]

]]> e0dc665fc319f80b63c4ebfe75d6010b British Buyer replied to the topic MIAMI (ad)VICE in the forum And since I'm in the mood https://www.propertyinvesting.com/topic/4401354-miami-advice/page/11/#post-4633000 Wed, 17 Nov 2010 15:46:26 +0000 And since I'm in the mood for sharing Reuter's articles today, read the one below.  It appears China is quite willing and able to use hacking to obtain sensitive political and corporate secrets from the US.  The article points out that for 18 minutes last year the Chinese government had full access to sensitive US web traffic.  More alarming is th…[Read more]

]]> 8242a4118b4000d7ecd2da5b963e0727 British Buyer replied to the topic MIAMI (ad)VICE in the forum Overseas Deals https://www.propertyinvesting.com/topic/4401354-miami-advice/page/11/#post-4632999 Wed, 17 Nov 2010 15:17:01 +0000 IN TODAY'S NEWS (Reuters) – Consumer inflation was subdued in October and new home building slumped to its lowest level in 1-1/2 yearsIn a separate report, the Commerce Department said housing starts plummeted 11.7 percent to a 519,000 annual rate from a downwardly revised 588,000 in September.It was the weakest starts rate since 477,000 in April…[Read more]

]]> 732a388bc11b7b044c4e58adf7baab63 British Buyer replied to the topic MIAMI (ad)VICE in the forum Below you will find a link https://www.propertyinvesting.com/topic/4401354-miami-advice/page/11/#post-4632998 Wed, 17 Nov 2010 01:32:17 +0000 Below you will find a link to watch a short video clip on Bank of America's outlook on home prices (November 13, 2010)I'll summarize: they think prices will still fall further, namely 5% nationwide.  Considering that California, New York, etc. are rising, places like Las Vegas and Florida will have to fall much more than 5% to create that average…[Read more]

]]> a320d217470549e38d34be608ea2efce British Buyer replied to the topic MIAMI (ad)VICE in the forum Overseas Deals https://www.propertyinvesting.com/topic/4401354-miami-advice/page/11/#post-4632997 Tue, 16 Nov 2010 22:57:41 +0000 I just received an e-mail of someone asking my advice on whether he should invest in Las Vegas.  Here's what I told him:HiI think you can't go wrong so long as you invest in a city with high numbers of foreclosure (ie. LV, Phoenix, or anywhere in Florida).  Foreclosures = forced sales.  Those people didn't want to sell, but the bank has taken th…[Read more]

]]> 80c60529ef5fbe8156e8c967cfe5d37f British Buyer replied to the topic MIAMI (ad)VICE in the forum Overseas Deals https://www.propertyinvesting.com/topic/4401354-miami-advice/page/11/#post-4632996 Tue, 16 Nov 2010 22:44:32 +0000 Today I met with 3 different "teams" of REO listing agents.  The biggest realty companies will all have their own teams dealing with the REO's given to them by the bank.  Each team I spoke to repeated the exact same information:Right now, in Miami, there is only a fraction of the number of REOs that there were before the Foreclosure Moratorium hit…[Read more]

]]> efe4fb6f7123a17bfaa0f526e6f97013 British Buyer replied to the topic MIAMI (ad)VICE in the forum jasperjonsson wrote:BB - So https://www.propertyinvesting.com/topic/4401354-miami-advice/page/11/#post-4632995 Tue, 16 Nov 2010 04:23:08 +0000 jasperjonsson wrote:
BB – So the question is: how can we identify a REO listing agent (from a buying agent)?

Firstly, I should point out that I'm a perfectionist.  I'm not someone who just does things on the spur of the moment (although that's exactly how I was in my 20s).  I calculate risks, and (except when a market is rising rapidly) I get a…[Read more]

]]> 3d95cf1eff881744e5b937dc562d2ccd British Buyer replied to the topic MIAMI (ad)VICE in the forum Overseas Deals https://www.propertyinvesting.com/topic/4401354-miami-advice/page/11/#post-4632994 Tue, 16 Nov 2010 03:33:21 +0000 weathjess wrote:
Hi All,I literally spent all of yesterday reading this topic from start to finish – FASCINATING!!!I am planning a trip to the US in April with the hope of buying a couple of properties myself and a couple through a SMSF. What are people's thoughts on Atlantic City……….prices seem really good, but looking at the future – I…[Read more]

]]> 888825ae3f4acd6b762159863bc40ae3 British Buyer replied to the topic MIAMI (ad)VICE in the forum Overseas Deals https://www.propertyinvesting.com/topic/4401354-miami-advice/page/11/#post-4632990 Mon, 15 Nov 2010 23:55:41 +0000 Once again, I have to say "WHAT A DAY!"But first let me say thanks to GARY, DHILLON and TASSIE for once again sharing valuable information in their posts above. To JASPERJONSSON, the only thing I can tell you about auctions is that I'm not going to go near them.  I haven't even figured out how to buy REOs from a bank yet!Before I tell you what a l…[Read more]

]]> 5fa43792a016d4fe0a839b9b3bcb3e0e British Buyer replied to the topic MIAMI (ad)VICE in the forum Overseas Deals https://www.propertyinvesting.com/topic/4401354-miami-advice/page/11/#post-4632985 Mon, 15 Nov 2010 00:45:50 +0000 Hi GaryMelbourne Beach sounds amazing.  But since I'm not planning to immigrate, it's probably better I invest in a large city with a good rental market and an international airport.BTW, what's the nearest airport to MB?And one more question, have you ever heard of someone getting an EB-5 visa by investing 500K in property?  I'm guessing not, s…[Read more]

]]> 82a30d6bf4ac4e76b3fe08bdeadee320 British Buyer replied to the topic MIAMI (ad)VICE in the forum A reader e-mailed me this https://www.propertyinvesting.com/topic/4401354-miami-advice/page/11/#post-4632984 Mon, 15 Nov 2010 00:38:00 +0000 A reader e-mailed me this great question:> Hey BB,> > I'm very intrigued by your posts, researches and efforts and I'm very curious as to how one becomes as successful as yourself. I've just turned 20 but have no deposit (just started saving) nor does my mother have a property of her own. I'm working full time for under 30k a year, if you were in…[Read more]

]]> 479a5fd42409db8d5f453455609a2cd6 British Buyer replied to the topic MIAMI (ad)VICE in the forum REGARDING LLC'S I went to https://www.propertyinvesting.com/topic/4401354-miami-advice/page/11/#post-4632983 Sun, 14 Nov 2010 23:48:00 +0000 REGARDING LLC'SI went to see a CPA last Friday.  He often helps foreigners create LLC's to put their properties in.  He said the ONLY reason foreigners use LLCs is so that 15% of the total selling price of your property isn't withheld when you sell.He offers the following service:Creates LLC for $650He says every year the LLC needs an "annual r…[Read more]

]]> 7dec45c0b18526b269fb526d8cf81824 British Buyer replied to the topic MIAMI (ad)VICE in the forum Aus property market is a https://www.propertyinvesting.com/topic/4401354-miami-advice/page/10/#post-4632981 Sun, 14 Nov 2010 22:59:18 +0000 [/quote]Aus property market is a tough one, depends on state to state generally..Darwins going through a bit of a purple patch cos of govt and resources contracts, even was seeing growth during GFC. Sydney despite how expensive property is will still have a certain level of demand, one because council and govt are pretty tight on land release to…[Read more]

]]> 18feecca5b41a70b5a76e9a046aeab87 British Buyer replied to the topic MIAMI (ad)VICE in the forum Overseas Deals https://www.propertyinvesting.com/topic/4401354-miami-advice/page/10/#post-4632980 Sun, 14 Nov 2010 22:39:54 +0000 Zita wrote:
Thank you to Steve & Pat for your prompt responses!Re: HSBC Bank types. After speaking in person to a Bank representative, he stated that The Premier Account does require $200,000 deposit, however I will follow this up. If perhaps it was required as an inital deposit and then later withdrawled, then your advice to then downgrade the…[Read more]

]]> 008e33e29582845b293e15165aa68efc British Buyer replied to the topic MIAMI (ad)VICE in the forum Overseas Deals https://www.propertyinvesting.com/topic/4401354-miami-advice/page/10/#post-4632979 Sun, 14 Nov 2010 22:25:13 +0000 gmproperty wrote:
Hi Steve,Each time I travel over to Florida for any length of time I renew my FLdriving licence, but they only renew it for three months at a time as I travel on the visa waiver program. I have a car and a pick up here which are both insured with Geico. I always go to Driving Licence offices in person and have never had a p…[Read more]

]]> 677e16ebf7051c50960ffeff66f28fc0 British Buyer replied to the topic MIAMI (ad)VICE in the forum Overseas Deals https://www.propertyinvesting.com/topic/4401354-miami-advice/page/10/#post-4632974 Sun, 14 Nov 2010 01:19:11 +0000 patwx wrote:
Thanks BB for sharing your experiences. I have really enjoyed your posts. I can understand your frustrations. As foreign buyers or potential foreign buyers, our number one enemy is time because we are not there for very long. The realtors know that and will take advantage of that.  They know that we will be desperate to buy so…[Read more]

]]> c74208ce6120c65f45a607ec2ecb0600 British Buyer replied to the topic MIAMI (ad)VICE in the forum Overseas Deals https://www.propertyinvesting.com/topic/4401354-miami-advice/page/10/#post-4632972 Sat, 13 Nov 2010 16:08:25 +0000 TO WHITE_GOODMANI wish I'd studied what you did.  Perpahs I'd be a Wall Street trader.  No, better yet, I could be a Shanghai trader, since that's where all the action is headed.What's your view on the Aus property market?  Bubbling, or sustainable due to the Chinese influence?

]]> abb6b205743f20886d4020798f683893 British Buyer replied to the topic MIAMI (ad)VICE in the forum USProInvest wrote:Hi https://www.propertyinvesting.com/topic/4401354-miami-advice/page/10/#post-4632971 Sat, 13 Nov 2010 16:05:17 +0000 USProInvest wrote:
Hi Steve,Thanks you for your prompt response and I understand where you're coming from. I am new to the forum and have been looking at Miami and Orlando prop on Trulia website for the last couple of weeks. To be honest, Ive got so confused and don't know which area of Miami I should be looking at. Please note that I'm not a…[Read more]

]]> fd0929a4096c06ba3d3f54f8d1b62385 British Buyer replied to the topic MIAMI (ad)VICE in the forum Overseas Deals https://www.propertyinvesting.com/topic/4401354-miami-advice/page/10/#post-4632968 Sat, 13 Nov 2010 14:41:41 +0000 USProInvest wrote:
Hi Steve,I am interested in the following list of REO prop in Miami in your earlier post. Can you send me that list to my email: tep.antree@gmail.com. ThanksThis list will be divided into 2 sections:1. REO condos priced 20K to 40K that have just hit the market, and will give good rental returns (10% to upwards rental return…[Read more]

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