I bought my property without seeing it but have a good friend who owns over 60 properties in the US so I trusted him with his advice.A couple thousand dollars is not a lot of money to pay to go see things for yourself and meet people you will do business with face to face.Engelo

Agree with WI1 on 1 is the best.

worldinvestor wrote:

Alex SC wrote:
Hey All want to get the opinion of investors who took these type of tours. We have been doing these for the USA investors but not for the international clients. We are trying to get feed back on what was good and what was bad on these type of tours. Any and all feed back would…[Read more]

Hi Alex,No worries, I am happy to give my opinion.If you have previous experience with property investing in Australia or the US I think that 3-5 days spent in a city with experts like yourself, Jay, Kyler, etc… is enough to get basic knowledge on good and bad areas and how the market works in that particular area. I wouldnt be seeing more t…[Read more]

I have just transferred funds into my US account. Long term I think the greenback will recover.

It takes time and effort to find them but they are definetly out there.

Solomon10 wrote:
  Definitely sounds like the deals are still out there for those looking hard enough, and the media doom and gloom hasn't encroached too far into the members of this forum. Good to hear!

I would tidy up the gutters and eaves if needed. Get a gardener to clean up the bushes. Spray the roof and walls with 2 different colours.

Hi Rols,Welcome to the forum.Have you thought about holding onto the properties after renovating?

There is too much risk if your buying overseas for less than a 15% yield. I am finding 10% and better all day long here in Australia. Just bought a run down house in regional Australia for $22,000. After a $15,000 renovation I can walk it out the door for $60,000. It will return around 17% after all costs.Engelo

Well done,If you can get $450 in rent for both dwellings the numbers work well. Whatever is over that becomes a sexy deal hahaEngelo

NHG wrote:

engelo10 wrote:
Sounds like a great deal. How much rent are you getting? Did you pull out the equity?Engelo

Settlement is on May 28th. I have a 3 bedroom fibro 1 street away renting for $360. This is a…[Read more]

I only focus on the numbers in the deal. I like to manufacture the growth with a reno and not wait for it to happen. If I can find cheap properties that will put $50 per week in my pocket after all costs, I will buy those all day long. From the year 2000 – 2004 most properties all around Australia doubled, even in regional areas.

Solomon10 w…[Read more]

Sounds like a great deal. How much rent are you getting? Did you pull out the equity?Engelo

NHG wrote:

engelo10 wrote:
Im finding good deals on a daily basis wish I could buy them all haha

Feel free to throw them our way – haha Am struggling to find these great deals, still inexperienced. The last one I bought for $310k with two dwellings, the…[Read more]

Jay,Have you written any books?Engelo

Hi Solomon10I havent started yet. I got caught up with a few other deals im working on so should be going to Coonamble in the next few weeks. Im negotiating on another cheapy, will post details if I buy. Its a cracker better than Coonamble..

Solomon10 wrote:
Thanks bardon.Hey engelo10 how is the reno on your 22k house coming along,finished yet?

Hey guys,I have done quite a few long distance renovations. 2 were done in the same town. The 1st reno I was on the ground project managing while the 2nd time around I organised everything via phone and only went to see the finished product. I establsihed a great relationship with the local trades and everything ran smoothely. If you can meet…[Read more]

Im finding good deals on a daily basis wish I could buy them all hahaWhen its an absolute cracker I will make it happen. Im not into developments as to many things can go wrong. I would rather stick to smaller deals with smaller profits but do them more often.Brick by brick and you build a house.

Hey Jay,Love these comments"Not to mention I can type 60 words a mintues and enjoy the bantorAnd I do not run anything through spell check so there"Wish I was that quick, im a 2 finger typer and takes me yonks hahahaEngelo

As Jamie mentioned. The best and easiest strategy is to buy a run down property cheap. Renovate and increase the value, refinance pull out the equity and us ther equity for another purchase. If you find a really good deal you could be positively or neutraly geared after you have pulled out the equity.Regards,Engelo

Jamie M wrote:
Hi Jas…[Read more]

Hi C-man,Send an email to engelo28rumora@hotmail.com I am happy to recommend my contacts that I have bought through. They do everything you have mentioned on behalf of the investor.Regards,Engelo

Great post Steve,If I was to buy through any BA it would prob be Alex. I believe he is doing some great stuff in Charlotte.Engelo

pc9geek wrote:
Hi, as you may be aware I am a new forum member and I have just returned from a fact finding trip to the USA to have a look at the property market. I thought I would share my experience. Firstly I went…[Read more]

Hi Ruth,Please send an email to engelo28rumora@hotmail.comI would like to know more about what you do and how you got started.ThanksRegards,Engelo

quickchick wrote:
No capital gains tax in USA.Re selling problems?We've sold 2 rehabbed houses in the past year, and done a IRS tax return after the first.If you have a house in an area people want to…[Read more]