PropertyInvesting.com | gmproperty | Activity

gmproperty replied to the topic MyUSAProperty - Beware !!! in the forum Overseas Deals

Sun, 21 Nov 2010 09:44:59 +0000

Sceptical Steve,Thanks for the article, but I personally found it a little one sided giving the impression that anyone who invests in US real estate will lose money. It struck a nerve with me because I experienced similar negativity from friends and collegues during the last recesion. Most of those frends are still in their 9 to 5 jobs whilst I r…[Read more]

gmproperty replied to the topic MIAMI (ad)VICE in the forum Hi Steve, There is an

Mon, 15 Nov 2010 01:39:32 +0000

Hi Steve,There is an international airport 15 mins drive in Melbourne, however the "international" flights are limited, however Orlando Airport is just 45 mins drive from my house.My EB5 was as a partner with american life in seattle, who invest in commercial property in areas which have beeny ring fenced for investment, unfortunately you cant d…[Read more]

gmproperty replied to the topic MIAMI (ad)VICE in the forum Steve, It goes without

Sun, 14 Nov 2010 23:18:42 +0000

Steve,It goes without saying there are some fantastic deals at the moment in my area, unfortunately I purchased mine close to the top of the market at 320K, it's probably only worth 200 now, still I'am not complaining because I am getting some great deals as a result. When I purchased the house we were hoping to emigrate , however my mother in law…[Read more]

gmproperty replied to the topic MIAMI (ad)VICE in the forum Hi Steve, Each time I travel

Sun, 14 Nov 2010 08:34:13 +0000

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 problem getting a l…[Read more]

gmproperty replied to the topic MIAMI (ad)VICE in the forum British Buyer

Thu, 21 Oct 2010 06:42:50 +0000

British Buyer wrote:

gmproperty wrote:
Steve,Working with the banks to get financing as a non resident is very frustrating at the moment!! I believe you can get a better deal as a cash buyer, however we will not be able to get the same interest rate on an equity release. The deals at the moment are incredible. My manager said once appr…[Read more]

gmproperty replied to the topic MIAMI (ad)VICE in the forum Overseas Deals

Tue, 19 Oct 2010 06:18:29 +0000

Steve,Working with the banks to get financing as a non resident is very frustrating at the moment!! In 2004 I purchased two Properties and obtained mortgages with Wachovia (now wells fargo) the process then could not be easier. I met with my Bank Manager several months ago and he said he could see no reason why I could not obtain more finance as…[Read more]

gmproperty replied to the topic MIAMI (ad)VICE in the forum Hi Steve, Many thanks for

Mon, 18 Oct 2010 18:51:17 +0000

Hi Steve,Many thanks for your regular posts, they are very informative and interesting.Re: "Seasoning"I have purchased a few Properties in Florida and Atlanta, I have been transferring funds back and forth since 2004 and have never come across "seasoning" I bank with HSBC here in the UK, but with Wachovia in Florida. The last Property I purchased…[Read more]

gmproperty replied to the topic Anyone bought Atlanta properties using Top Rental Returns? in the forum Overseas Deals

Sun, 05 Sep 2010 19:24:24 +0000

Hi Guys,I am a Property investor from the UK. I have never met Mike and Bronwyn, however after reading their Blog some Months ago I joined there mailing list, some weeks later I purchased a Property using Top Rental Returns. I purchased the Property for $45,000 and spent $10,000 on refurbishments, the Property was then let within weeks for $1…[Read more]