Real helpful

easymoney

Regards

easymoney

Sounds like I’ll have to get my sister to buy it n I’ll pay her $7 0000 for her troubles.
Putting it in the girlfriends name could be a risky investment.

Regards

easymoney

Just a thought, I bought my 4 bedroom house in 2002. I owe $60 000 and I remorgaged at an apprasial of $200 000 in April. I own a two bedroom in Coober Pedy outright and have $70 000 equity left.

If I reno my house it should be worth 200-220 a week in rent with repayments being $413 a month.

Is it true that I can rent it out and pay…[Read more]

I’m interested, what’s the new 11 second solution?

I’m a poor single parent so I couldn’t justify $500 for a ticket, even though I would have learnt so much.

Thanks guys

easymoney

try that now

easymoney

easy

I own an IP in Coober Pedy. It cost me $45 000 and it makes $100 pw giving me good returns.

It is near Roxby Downs which is a mining area. My tenents have lived there since June 1994.

So I have great tenants, great returns and a great PM. Their fees are a little high 11% but there’s not much you can do about that in a remote…[Read more]

I have PM’d you. My finances are tight but if I can afford it I’m there. I decided NZ after starting this thread but if I can raise enough money I will be there.

Regards

easymoney

I’ll juat go find my bank account details for you. I will invest it wisely for you. Mabey buy a Ferrai.[biggrin]

easymoney

I can’t make the 14th sorry but it sounds like Kurra is on top of the situation.

Hope you have a good introduction, and post all about it and what you guys have come up with after the first meeting.

Regards

easymoney

I’ve been offline for a few days but I’ve just replied to your PM’s.
One guy has told me we can get a huge online airfare discount if we book 10 group seats or more so lets hope the interest stays high.

There are a few Sydneysiders who want to start meeting so if there is anyone living in West Sydney around Liverpool and you would like…[Read more]

I’ve just read the latest messages. I personally think a monthly meetings is a great idea.
I live in Goulburn and have just started attending a Canberra group but it would be good if we could form a US minded group around the Sydney to Goulburn area.

Bekstar, with a brother as a lawyer and a property investor in the US I can see you…[Read more]

easymoney

I was looking at buying two mobile homes in Roxby Downs, near Coober Pedy but I had a change of heart after some due diligence i undertook.
The property would make a before tax profit of $60 per week but when it’s untenanted the site fees for the park alone are $100-110 per week.

Also you can’t get a home loan for a mobile which…[Read more]

http://www.somersoft.com/forums/showthread.php?t=18101 This link you have already been given will show that it’s virtually impossible to get finance in the US so I hope you have a lot of equity.

easymoney

Terry got it in one. Never discuss it with the tenant as naturally no one ever wants to pay more money out of their pocket than what they have to.

If this is the first time you’re putting the rent up in two years then they should realise when they get the letter that they’ve had it pretty easy anyway.

easymoney

Thanks mate I’ve PM’d you and asked to be added to the mailing list so I’ll probably be meeting you soon.

easymoney[biggrin]

foundation, what are raties???
I know what rates are but what are raties???

easymoney[biggrin]

I would buy the property now as if you buy +ve CF It will start to make money now not in two years time when you return.

There are many people on this forum who own property in New Zealand, the US, Uk etc, so you don’t need to be in the country to manage your property if you have a good PM.

If you buy now you should know how reliable…[Read more]

I am also a Goulburn resident. I don’t know of any groups around Goulburn, although there may be some in Canberra.

I think starting a social group would be a good idea. I’ve just bought my first IP using equity in my own home and am planning a trip to the US in August.
The problem is I’m still young so my girlfriend and friends don’t…[Read more]

Thanks mate, once again you’ve been a big help.
About the $20k properties, it’s not the answer I wanted to hear but it’s what I expected.

I’ll have to keep saving so I can afford two $30k properties outright by the sounds.

easymoney

Another option is to buy two…[Read more]

easymoney

While I probably didn’t complete as much due diligence as I should have, I’ve just purchased my first IP in Coober Pedy. It’s a dugout in SA where it reaches 45 degrees in summer.

It’s a small town but looking on realestate.com.au the houses i was looking at have risen in price, about 25% from November to February and they have had…[Read more]

They’ve got it right, you will find much better deals in NZ and being a local you should know the areas much better than us Aussies going over there for a couple of weeks scouting a few areas.

easymoney

About the best place to look in Australia is realestate.com.au.

There you will find many +ve CF properties. However most of them are in WA or SA in small towns or mining towns. In this situation you have to be careful as if the mine shuts down your property is not worth <edited> so to speak and could be very hard to rent out.

I saw a…[Read more]

I just refinanced my home through ANZ and upfront I’m only looking at $1300 – $1700 in bank charges.
There was no setup fee but I do pay $295 per year. This includes…[Read more]

I have worried about finance as I read in quiggles posts that’s it’s hard to get finance in America for property when you’re from overseas.

I have $60 000 Aussie sitting in the bank as a deposit and the units I was looking at were US$85 so I hope a bank over there will lend me the rest.

I have been told by the ANZ that they can…[Read more]

when American properties are paying 25% cocr i don’t think a slight rise in the interest rates will hurt too much though

easymoney

easymoney

easymoney

Once I own the property I don’t see how the US$ changing will make a difference as the American rent will pay for the American debt and the money left over will sit in an American bank accumulating to buy more properties with.
One day I will pay to convert it back to Aus$ when…[Read more]

I think DHA properties are a safe investment in terms of a long lease good tenants having repairs paid for you by the defence force as well as the property being recarpeted and painted. You can claim the depreciation of the property and claim money back on tax.

However as you said you make about 4% on your investment where the banks…[Read more]

Thanks for the hints, I’ve already thought about what you said about buying more than a couple of properties and don’t worry I plan to.

Sounds like I will let my money accumulate in an American bank and instead of paying to convert it I could even use it as another deposit with the returns i’ll be making.

Thanks for your input

easymoney

I can’t believe the response this post has received.
I just had to post this reply as I want to be a part of history.
This must be without a doubt the most responded post in propertyinvesting.com’s history

easymoney

I will certainly keep you informed, however i’m thinking about leaving in August so I have time to properly research everything.

One lady has also sent me a private message so with any luck we may end up with three of us going.

Don’t sell yourself short either i’m sure you will be a great benifit to me as I will hopefully be to…[Read more]

Sounds like I may make the trip at least a few months away Weston. As well as extra research I’ll be able to save a little extra cash for the trip anyway.

When you talk about a good team did you find an account on your first trip or just a good real estate and lawyer.

And what are your views on the blocks of units in the US. Do…[Read more]

I almost forgot to mention I was planning to go to Buffalo as the destination point unless someone know’s a better city or state

$2 406 may seem a little expensive to spend on an arline ticket plus accomodation but if we can buy two or three properties each it’s much cheaper than paying $2 000 – $3000 per property in bird dogging…[Read more]

sounds like there’s no real way round it except to pay it, pretty much what i expected

easymoney[biggrin]

Are there +CF properties available? Perhaps you could give me some examples. Would you also know the vacany rate in Christchurch?
The more info you could give me the better. I love info.
Also, what is your fee for finding +CF property?

thanks
easymoney

easymoney[biggrin]

easymoney [biggrin]