Total Members: 158,429

djjk

  • djjk replied to the topic Hedging against foreign investments in the forum Overseas Deals 13 years, 11 months ago

    Forex is a risk I wasn’t planning to take, hence I borrowed in usd via seller financing. Best bet is to try to source financing over there rather than rely on an aud line of credit imo. To answer your original question though I don’t know of any avenues for hedging sorry.

  • djjk replied to the topic The numbers just dont add up? in the forum Help Needed! 13 years, 11 months ago

    Three words.  United States of America (sorry thats actually 4 but you get the point!).

  • djjk replied to the topic New LEAD Based laws in the forum Overseas Deals 13 years, 11 months ago

    sonyasal wrote:
    Are you even in Australia? I thought this was an Australian based forum.Do these changes have anything to do with Australian properties?

     No, but I guess thats why the OP posted in the "Overseas Deals" section…

  • djjk replied to the topic Investing in dodgy areas in the forum JacM wrote:Hi ambosh
    Are you
    13 years, 11 months ago

    JacM wrote:
    Hi amboshAre you an Australian who invested in the US?  If so, how did you go about it?

    Hi JacM.  Check through my recent posts in the overseas deals section.  I did it through alot of time on the web and a quick visit to the US midwest in Jan10.  Others offer a service to assist in the process.  CheersJosh

  • djjk replied to the topic USA investing stories in the forum Overseas Deals 13 years, 11 months ago

    Info on Vacancy rates can be found here.  http://www.census.gov/hhes/www/housing/hvs/rates/files/tab4_msa_05_09_rvr.xlsWhile it be nice to build an income stream that equals or exceeds what you can make from employment in Aust, I am yet to see others that have achieved this via investing in US property.  The only ones that seem to be making a l…[Read more]

  • djjk replied to the topic USA investing stories in the forum Overseas Deals 13 years, 11 months ago

    doublekfarm wrote:
    Unlike Josh, I do have a problem with some companies charging my fellow countrymen ridiculous fees to just "join" their particular site, then make statements that you can make a guaranteed return of 40% or more?

    Perhaps I was being too generous with my comment.  I actually do have an issue with those operators that charge a…[Read more]

  • djjk replied to the topic USA Foresclosure Properties. in the forum Other good sites are 13 years, 11 months ago

    Other good sites are city-data.com (great source of info from locals), trulia for market stats/trends/last sale prices and yahoo real estate for vacancy rates in a city.  Be careful of cities with vacancy rates >around 10%.  There may be an underlying problem here. I dont use zillow as the values are severely inflated. 

  • djjk replied to the topic Negatives of Positive Gearing in the forum Help Needed! 13 years, 11 months ago

    Nathan_b wrote:
    You can buy properties in sydney 2 bed units for $160k renting for $270pw+Houses $240k rent for $350pw.Studios aint bread and butter so would only buy a 1 bedder if i was nicking it for very very cheap.

    Nathan, ill believe this when i see a link.

  • djjk replied to the topic Is it worth locking in your interest rates (Australia) now? in the forum No.  Over the long term, 13 years, 11 months ago

    No.  Over the long term, the additional cost of fixed rate has proven to be not worth it.

  • djjk replied to the topic Property in Australia in still VERY cheap in the forum General Property 13 years, 11 months ago

    Not sure what you mean? The stats quote local currency incomes to local prices.  Forex issues dont even factor into these comparisons.

  • djjk replied to the topic USA investing stories in the forum Hi,Great question, and I 13 years, 11 months ago

    Hi,Great question, and I think is one that needs to be asked!Browse the posts here and on some US sites.  I have learnt more from the time on http://www.biggerpockets.com (a US property investing site) than any other source.  Although I must say Real Estate Investing for Dummies (US version) was a good primer.  Ive been investing in real estate loc…[Read more]

  • djjk replied to the topic investing in LA in the forum Overseas Deals 13 years, 11 months ago

    Qlds007 wrote:
    RichardClosed a deal last week for a UK Citizen / Resident in Lancs at 5.82% fixed for 30 years.  

     Richard – was this on a US property?  What state?  If you can arrange USD finance for Australian's I would be interested to hear from you.

  • djjk replied to the topic Property in Australia in still VERY cheap in the forum General Property 13 years, 11 months ago

    This is a great article. I thought property was not able to increase more in oz until I saw this.  Who knows where the top is.Interesting about the US though. 

  • djjk replied to the topic Montenegro investing in the forum Mortgages are 320% of the 13 years, 11 months ago

    Mortgages are 320% of the avg salary in Budvar per below.  Is this sustainable (even by foreign tourism)?http://www.numbeo.com/property-investment/rankings.jsp

  • djjk replied to the topic Time to sell??? in the forum General Property 13 years, 11 months ago

    I think we are due for a flatline but I doubt we will see a significant drop in Sydney as demand is too strong. Also, what do you mean about property only goes up 30% of the time?  This doesnt make sense to me thats all!

  • djjk replied to the topic Investing in dodgy areas in the forum I own a block near Buffulo, 13 years, 11 months ago

    I own a block near Buffulo, NY.  Not so much dodgy, just low socio economic.  I was also looking at Cleveland, OH and noticed that the better cash flow returns were generally found in the cheaper areas.   Before I turned to the US, I was quiet keen to purchase in the Lakemba area as yields are great there.  Decided against it though as for the…[Read more]

  • djjk replied to the topic Investing in the USA via a Hybrid Trust in the forum I decided for the 3 us 13 years, 12 months ago

    I decided for the 3 us properties I have that for now owning them through an oz discretionary trust is more trouble than it’s worth. I’ll probly net about 5-10k per year max after repairs, deductible travel expenses, interest etc. It’s not worth setting up a trust to income split for that sort of money. If I grow my portfolio over there as is the…[Read more]

  • djjk replied to the topic Investing in Japan in the forum Overseas Deals 13 years, 12 months ago

    A friend of mine had the foresight to purchase a condo in Niseko (ski resort on Hokkaido) about 5 years ago.  It has increased in Yen terms (ignoring currency fluctuations) about 100% in time he has owned it.  Obviously ski resorts in an area that is increasingly more popular to foreigners is a sub market that might be seperate from the re…[Read more]

  • djjk replied to the topic Where is the soundest state/county to invest in America? in the forum Playa Chicken wrote:
    Do you
    13 years, 12 months ago

    Playa Chicken wrote:
    Do you think the fact that all the US states are bankrupt makes any difference to which one you invest in?

    I dont have updated stats but im pretty sure that all the states arent bankrupt.  Most are facing massive shortfalls…[Read more]

  • djjk replied to the topic Bringing the money back home? in the forum RichardIt might have just 13 years, 12 months ago

    RichardIt might have just been the way you posted (alot of responses in a short period of time) that caused offence.  In any event I personally like the quality of your website, fee structure, areas to invest in and overall strategy.  I also like the way you hand out free advice to people on your site without even requiring them to sign up with y…[Read more]

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