kong71286 wrote:
Thanks for sharing this EngeloLook forward to seeing the end product!

Thanks kong71286,

I’m also looking forward to the end result, it’s a great feeling transforming these kind of properties.

Hi APWPG,Sorry about that I just added a new link from youtube. The property was on Nathan Birches Dealfinder around a year ago. I have been to Moree and other regional towns many times and am always on the lookout for these cheapies. I kept an eye on this one and was in constant contact with the agent for over a year. It took ages to get  it…[Read more]

Money comes and goes. Health is the most important thing in life. With health on your side you can always make it back.Just herd that a good friend of mine is on a donor waiting list for a new heart. He is 26.Enjoy in every day.Engelo

I believe that money can be made in any city as long as you have great people managing your investments. Even in a "third rate city" as mentioned in a post above.My business partner and I have successfully been investing in Rochester, NY (Jay's favourite city haha jks)My partner has been invested in the area for over 10 years with great success.I…[Read more]

Hi Emma,Its great reading your detailed and informative posts. Thanks and keep it up.Regards,Engelo

Hey Amit,Definetly agree with what others have posted before. Have a chat with Nathan, I consider Nathan and his strategy one of the best in Australia. You will get some great value from him.All the best.Regards,Engelo

Were you referring to this one as the central NSW flats???http://www.realestate.com.au/property-unitblock-nsw-wee+waa-110512237Engelo

shawnfromsydney wrote:
Hi fokes, Further to Glens question, has anybody had any experience with flats that can be strata tiltled in mining or regional areas? I have reschered a few towns in central QLD and central…[Read more]

Ok cool,I would go for Wellington, I posted more on Wellington in a few recent posts. Im liking the yields there and low entry housing. It also gets influx from Dubbo and Orange.Engelo

What regional areas of NSW are you considering?Engelo

A minimum population of 5000 people is ok as long as the numbers work in the deal.  I always say that every deal is good as long as the price is right. I like to see fast food outlets or Bunnings/Mitre 10 in town and I guess its more secure to have a population of 10,000.I would buy properties in Wellington for $50,000 all day l…[Read more]

1 on 1 is the best. Most investors will buy 2-3 properties if they like your product the first time.Engelo

Another option is to read the API and YIP magazines, some great content there with different strategies used by investors.Engelo

I want enough passive income to enjoy the lifetsyle I desire so I have been focusing on positive cashflow properties.It all comes down to what your end goal is and then work back from there.Engelo

I dont invest based on capital growth predictions. I would recommend looking at the numbers in the deal. If they work then you have a good deal. Just a quick calculaton if your buying the property for $360,000 using a 10% deposit you would want it to rent for atleast $620pw, even then it might be slightly negative depending on your c…[Read more]

All of my loans are through CBA. I am on a low income but managed to borrow $800,000 so far. As Terry said the banks take into account the rental income. I am maxed out with CBA so will have to look at other lenders when I decide to purchase more.To come up with the deposits I recommend using Nathan's strategy of buying below market, reno and…[Read more]

Hi Glen,I am liking Wellington at the moment. Cheap entry price. You can buy 2-3 bed homes that need a bit of work for around $60,000 – $70,000 with a rent of $130-$150pw. Its a decent sized town 45min from Dubbo and 1 hour from Orange.I spoke to a few locals in the area and there are quite a few people moving to Wellington from Dubbo and Orange a…[Read more]

Thats a good solution, just get the money wired 2-3 times a year to your aussie account. 

emma171 wrote:
Again…. xe.com is about the only one that I know of OUT of the US but you do have to sign up for the account. Ultimately for those without US bank accounts and using this for rental income – alternative would be to keep the money at the…[Read more]

I use clearfx, transferred money a few times and have been happy. I bank with BOA and receive the money quite quickly.Regards,Engelo

Residex has some great reports.Engelo

Exactly,Thats why I said the average person should buy a ticket and go to the US.Engelo

Nigel Kibel wrote:
Engelo It comes down to the quality of the people you are dealing with. If you have a friend that you trust that is fine. However the average person is not in that position. Unless you are certain about the people you are dealing with on the…[Read more]