PropertyInvesting.com | HighIncomeProperty | Activity https://www.propertyinvesting.com/members/highincomeproperty/activity/ Activity feed for HighIncomeProperty. Tue, 14 Apr 2026 21:49:37 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 f669de681f15ae89c4af474300441432 HighIncomeProperty replied to the topic Property management and LLC setup in the forum Overseas Deals https://www.propertyinvesting.com/topic/4405258-property-management-and-llc-setup/#post-4659315 Wed, 30 Nov 2011 23:46:11 +0000 To start with the first question – I would also agree that paying $1.300 to set up an LLC sounds very high, filing fees in most states are usually just a few hundred although there might be exceptions that I am not aware of.We have helped some of our clients who wanted to take the "DIY" approach and form the LLC themselves, and we can send them a…[Read more]

]]> 60bfa3b36f31d8a34466610687a557c9 HighIncomeProperty replied to the topic House vs Condo in the forum Overseas Deals https://www.propertyinvesting.com/topic/4404938-house-vs-condo/#post-4657211 Tue, 25 Oct 2011 22:56:29 +0000 HOA fees will impact your bottom line, in many of our nicer communities you can be looking at paying $300-$400 per month, so it will eat into your cash flow significantly – as has been pointed out, you also want to make sure it's either owner occupied or at least make sure that the HOA is in good shape.Also, many of the HOA's will have…[Read more]

]]> fffb4d22674278b5498332178d526476 HighIncomeProperty replied to the topic Usa property contacts in the forum Overseas Deals https://www.propertyinvesting.com/topic/4384626-usa-property-contacts/page/4/#post-4543170 Tue, 25 Oct 2011 22:25:25 +0000 I tend to disagree with many of the foreign investors here, and I see land as an EXCELLENT play right now. While it is entirely true that buying land TODAY won't make you "instant" fortunes, as reselling the property immediately for a profit most likely won't work, new construction is difficult (even though as Jay said, it can be done), and…[Read more]

]]> 997749fe73d50c57d6f86fe228f1eda8 HighIncomeProperty replied to the topic Development project in central Tokyo in the forum If I understand you https://www.propertyinvesting.com/topic/4405031-development-project-in-central-tokyo/#post-4657917 Tue, 25 Oct 2011 22:07:51 +0000 If I understand you correctly, you are being offered to buy additional apartments/commercial units at the actual cost of construction, rather than current market value.If that is the case – and you can "verify" the construction cost as being the actual cost and not an inflated cost, it sounds like a no-brainer to me.While previous posters are…[Read more]

]]> 8389d0f8ff4462e9eeb706acae6629e4 HighIncomeProperty replied to the topic Detroit Properties generating 20% return? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4404840-detroit-properties-generating-20-return/#post-4656608 Thu, 29 Sep 2011 09:41:17 +0000 Nathan is right, there's a lot of opportunities out there in Michigan (especially Metro Detroit) to earn very high returns.However, as I have pointed out in other threads, and a huge number of people also have done, we always factor in maintenance costs etc, and you also have to very careful who you deal with.Like Nathan also mentioned, most…[Read more]

]]> 11ad9374e7662427d87f538f417b9177 HighIncomeProperty replied to the topic The Reality of US Banking...As I See It. in the forum Overseas Deals https://www.propertyinvesting.com/topic/4404822-the-reality-of-us-banking-as-i-see-it/#post-4656480 Tue, 27 Sep 2011 23:26:29 +0000 Portpirate, I do have info on it, but forum rules won't let me put too much on a public forum, and I don't really know too well how to use the "profile" on here – can you shoot me an email on HighIncomeProperty@Gmail.Com and I'll send it back out to you?

]]> b1ff99473b30c13305f3b45bc5fb15c3 HighIncomeProperty replied to the topic The Reality of US Banking...As I See It. in the forum Overseas Deals https://www.propertyinvesting.com/topic/4404822-the-reality-of-us-banking-as-i-see-it/#post-4656478 Tue, 27 Sep 2011 23:19:00 +0000 KC Homes,You make some valid points – we do exactly that for our investors, we buy homes, rehab them, and resell them to local home buyers rather than to investors. The market times vary widely as far as 2011 is concerned for us – from just days up to 6-7 months. Financing is harder than it was back in the day, appraisals is the biggest thing to…[Read more]

]]> 0701b111036a36b6e4d6708936b14073 HighIncomeProperty replied to the topic Hmmm I wonder how MyUSA, HouseBuyersUSA, 21st Century Property, 888 Real Estate get their property? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4404824-hmmm-i-wonder-how-myusa-housebuyersusa-21st-century-property-888-real-estate-get-their-property/#post-4656492 Tue, 27 Sep 2011 23:12:32 +0000 I am not surprised at all at what Property_scout is reporting. We have supplied properties to many Australian- and international "buyers agents" and many of them (although not all) are looking to mark up the price to make huge profits, on top of any commission they were due. As you can see on some American/international agencies websites, they're…[Read more]

]]> e077ef74f60c1bc7b771f44a32c16731 HighIncomeProperty replied to the topic Usa property contacts in the forum I think it's been pointed https://www.propertyinvesting.com/topic/4384626-usa-property-contacts/page/2/#post-4543140 Tue, 13 Sep 2011 10:46:25 +0000 I think it’s been pointed out before (by Jay) that Western NY and Buffalo in particular got so bad when it comes to foreign investors getting ripped off that they actually had to put new legislation in place to prevent the “flipping” of property up there.

We are a US based firm and we spent time investigating the markets up there for suitability…[Read more]

]]> 729533e989bdaf7b78812b05f69a8e87 HighIncomeProperty replied to the topic Take advantage of a Family business presence in Fort Worth... or better off going to Florida Fort Myers? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4404639-take-advantage-of-a-family-business-presence-in-fort-worth-or-better-off-going-to-florida-fort-myers/#post-4655288 Tue, 13 Sep 2011 10:31:11 +0000 I just wanted to comment on what Alex Francs said above, as especially points 1 & 4 really echo what I have posted in many other places on here.

First of all, you need to know who you’re working with. There are literally hundreds of “experts” out there, I’m not just talking about the new companies coming up in Australia almost every week, but…[Read more]

]]> 5d2cb9e8c9d82d78dd9b6e7437267e05 HighIncomeProperty replied to the topic US Property rip off. in the forum Mick, Congrats on the https://www.propertyinvesting.com/topic/4404635-us-property-rip-off/#post-4655236 Tue, 13 Sep 2011 09:56:17 +0000 Mick,
Congrats on the successful rehab, we do the same thing (hope this won’t get deleted!) together with investors from Australia and beyond. We source the deals, make no money upfront, and share in the profits at the back end. We have done so successfully for many years, across the country.

What is important to point out, and I’m sure both Jay…[Read more]

]]> 3b1e8b4c42ed194699a6827c87c12f09 HighIncomeProperty replied to the topic quit claiming into LLC in the forum Overseas Deals https://www.propertyinvesting.com/topic/4404481-quit-claiming-into-llc/#post-4654073 Fri, 19 Aug 2011 10:16:53 +0000 Hello,
One of our title companies can help you, as it’s a very simple process as long as you have all your paperwork in order.
We don’t however serve all states, which state is this for?

HighIncomeProperty@Gmail.com

]]> 729cf743c7c6f4c0f62a05adb51c8510 HighIncomeProperty replied to the topic 21st Century USA Property Direct in the forum Overseas Deals https://www.propertyinvesting.com/topic/4404341-21st-century-usa-property-direct/#post-4653147 Thu, 11 Aug 2011 13:01:29 +0000 I would say the same thing again, there's no way a 10 year guarantee is legitimate. For us as an American firm it's illegal to guarantee any type of return unless it can be backed up by a third party, so I find it highly unlikely that a ten year guarantee makes sense. How would they get a bank etc to underwrite it? Maybe it would work if the funds…[Read more]

]]> 7114f549fa67bd4f9ea17c21da34a61b HighIncomeProperty replied to the topic USA - Where to buy? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4403705-usa-where-to-buy/page/6/#post-4648289 Wed, 10 Aug 2011 23:19:17 +0000 krefter – I can't help you too much with regards to the SMSF, we've had Australian buyers buying both residential (rental) properties, as well as land lots using their Superfunds (but thru a US LLC) although I can't tell you what they had to do to comly with the regulations.Very true also about not looking at "if this is a place you want to live…[Read more]

]]> 94061e76fca42c86903ac0a760cc70b9 HighIncomeProperty replied to the topic USA - Where to buy? in the forum I think previous poster https://www.propertyinvesting.com/topic/4403705-usa-where-to-buy/page/6/#post-4648286 Wed, 10 Aug 2011 14:10:07 +0000 I think previous poster (Rob) pretty much nailed it, and I think I remember I've made a number of similar comment on similar threads. As some of you probably know by now, I also have an interest in US property – I am the CEO of a U.S. based asset manager that sell a lot of properties to foreign investors, and we work with a number of both direct…[Read more]

]]> f13b264a77324b6068b221929bfea30c HighIncomeProperty replied to the topic 21st Century USA Property Direct in the forum Overseas Deals https://www.propertyinvesting.com/topic/4404341-21st-century-usa-property-direct/#post-4653141 Mon, 01 Aug 2011 08:47:54 +0000 I would still say there's plenty of opportunity in Florida land – although I wouldn't recommend either:- buying in Lehigh Acres, or any of the inland communities- Borrowing money to pay for the land, unless you had enough income to pay off the interestHowever, a place like Cape Coral has a lot of opportunity, if you're buying in the right areas.…[Read more]

]]> 4f4d1f231938dad9011b61b884f6b4c0 HighIncomeProperty replied to the topic 21st Century USA Property Direct in the forum Overseas Deals https://www.propertyinvesting.com/topic/4404341-21st-century-usa-property-direct/#post-4653134 Sun, 31 Jul 2011 21:33:44 +0000 My 2 cents would tell me that ANY type of guarantee like that – buy back, long term rental, capital growth, just isn't something to rely on. A good enough product doesn't need any "guarantees" like that, while a poor product is never going to come good on them.What we do, is we sell the homes turn-key, and we offer management thru our local…[Read more]

]]> c4baade2124d80709340b67726424b7c HighIncomeProperty replied to the topic Claimable expenses : US tax ..... help ? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4404331-claimable-expenses-us-tax-help/#post-4653061 Sun, 31 Jul 2011 21:27:42 +0000 I would have to agree with Ian and Steve, although you can (after some time) learn to do your own tax returns etc, it's always advisable to speak to an accountant or tax strategist upfront, to make sure you get your structure correct.As you might also know, there's very few people out there who can "legally" advise you, even if we think we know…[Read more]

]]> 4965cbe99efa5d4851a653ed095dcc58 HighIncomeProperty replied to the topic opening a US bank account in the forum Brennan,I can really only https://www.propertyinvesting.com/topic/4402147-opening-a-us-bank-account/page/2/#post-4637866 Sun, 31 Jul 2011 21:25:06 +0000 Brennan,I can really only answer your first question – I am not sure if you're looking for a business account or a personal one..For a personal one, yes a passport and a U.S. address where they can send your visa card, pin etc should be enough, although they'll most likely ask you to sign a form (the name escapes me now) to either a) give them…[Read more]

]]> 4e2b7469044be3be413a9411ae2d77bf HighIncomeProperty replied to the topic USA - Where to buy? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4403705-usa-where-to-buy/page/5/#post-4648263 Thu, 21 Jul 2011 07:47:22 +0000 Hi AngieB,thanks for your feedback, and it looks like a lot more investors (both Australian and others) have really started to take a liking to Indy, we've put quite a few investors in there in the last 12 months from Australia.As has been pointed out by others, it does have a few really bad areas but in general it is very stable, and we do a…[Read more]

]]> e26de467df65d94cb57e8e36599ea8b2 HighIncomeProperty replied to the topic MyUSAProperty - Beware !!! in the forum Overseas Deals https://www.propertyinvesting.com/topic/4401605-myusaproperty-beware/page/4/#post-4634617 Sun, 17 Jul 2011 21:31:58 +0000 Leonard,Just as an FYI, I tried your website also and it doesn't seem to work other than the "Home" page.We supply most (not all) of the Australian agents with properties as an asset manager/wholeseller, and most of the successful ones have a pretty simple structure A-B-C that shows the properties, all costs, and how the process works, and aren't…[Read more]

]]> ce1c83c2c8d96cae92bbf5e009053ce5 HighIncomeProperty replied to the topic Detroit, Michigan .....I need help please in the forum Overseas Deals https://www.propertyinvesting.com/topic/4404215-detroit-michigan-i-need-help-please/#post-4651740 Sun, 17 Jul 2011 21:24:34 +0000 Hi Dennis,That's a valid question, and I think you'll get as many different opinions on here as you will find number of investors…Personally (as well as us as a firm) I like it, IF you are able to buy the right property in the right area, and make use of the generous Section 8 rental program.Detroit really isn't all it's made out to be – it has…[Read more]

]]> 2c34c8c44bb584716c9277d9be39bd71 HighIncomeProperty replied to the topic USA loan for foreigners at 90% LVR? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4404203-usa-loan-for-foreigners-at-90-lvr/#post-4651663 Sun, 17 Jul 2011 21:15:39 +0000 TroyThat sounds like an interesting, albeit very unusual, product.As Jay stated, we also work with both US- and non-US buyers, and even our American clients don't get 90% loans.What is the lender looking for, in rough terms, both from the investor and the deal itself? We would probably have clients that would be interested in knowing more about…[Read more]

]]> 2cca57a60eaf8743b2b23583895ed8ca HighIncomeProperty replied to the topic LLC Structuring in the US in the forum HankieRich, The only real https://www.propertyinvesting.com/topic/4403437-llc-structuring-in-the-us/#post-4646544 Sun, 10 Jul 2011 15:39:55 +0000 HankieRich,The only real reason (in my experience, although I'm no accountant) is that a Corporation is "capped" in the amount of tax it pays (whatever the Corp tax rate is in its home state) although the paperwork is a lot heavier, so it usually only makes sense for larger deals, most likely not for just a few properties.An LLC goes against your…[Read more]

]]> d768679f94e47a154ca38ac6306a6b99 HighIncomeProperty replied to the topic USA - Where to buy? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4403705-usa-where-to-buy/page/4/#post-4648250 Fri, 01 Jul 2011 09:38:21 +0000 RickH,Thanks :-) I'm interested in learning more about Kansas City, as I believe it's very similar to other cities we operate in, and it looks to have worked well for you.HighIncomeProperty@Gmail.com

]]> 9282c07266abdb2d6e7dc43a2e28530d HighIncomeProperty replied to the topic USA - Where to buy? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4403705-usa-where-to-buy/page/4/#post-4648249 Fri, 01 Jul 2011 09:37:18 +0000 Jay,I will check out the link, however, I don't share your views on the Florida land opportunities. Partially yes, there's a ton of land inland (pretty much any county not on the coast) where land isn't worth anything at all.The Cape Coral (I think that's what you meant when you said Coral Gables, which is an area in Miami) area still has very few…[Read more]

]]> 631412e75646782a6fb949f7ba8f5164 HighIncomeProperty replied to the topic How to finance a property in the USA in the forum Overseas Deals https://www.propertyinvesting.com/topic/4402370-how-to-finance-a-property-in-the-usa/page/2/#post-4639251 Wed, 29 Jun 2011 22:48:57 +0000 Just a quick note here – as far as I know (and we sell large quantities of renovated homes to first time (American) buyers every month, all lenders will require a minimum of 90 days seasoning. We've heard of banks that say they'll start waiveing it now and there's no law/rule that mandates the seasoning, but the lenders themselves usually impose…[Read more]

]]> 3ba2437a7e11c9355ee49b77900c1ceb HighIncomeProperty replied to the topic Buying in the US - To use a Aussie Buying Agent or DIY? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4404035-buying-in-the-us-to-use-a-aussie-buying-agent-or-diy/#post-4650559 Wed, 29 Jun 2011 22:43:06 +0000 I think the choice between a buyers agent vs. going "on your own" is going to come down to how much time you want to/is able to spend on the property purchase. When using an OZ agent, you just want to make sure that all info is disclosed upfront, and that you don't get "pushed" into paying a huge premium for a property. I don't want to hang out…[Read more]

]]> 8c66e41764d87d81c31bd723c915e39a HighIncomeProperty replied to the topic Landlord Insurance Tennessee in the forum Cheryl,We are not really https://www.propertyinvesting.com/topic/4404064-landlord-insurance-tennessee/#post-4650733 Wed, 29 Jun 2011 22:32:20 +0000 Cheryl,We are not really active in Tennessee, but we have a lot of Australian and other international investors that seem to run into this.It seems that the trick is to give the name of your LLC and the registered address in the US + the EIN number, which should get you set up. Sometimes if you tell them you're not based here, they'll…[Read more]

]]> a353f2024c1861a310233737555a5bf0 HighIncomeProperty replied to the topic USA - Where to buy? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4403705-usa-where-to-buy/page/4/#post-4648245 Wed, 29 Jun 2011 22:24:41 +0000 I have been away from the forum or quite a while, always find it interesting to check in every now and then.The scheme Jay is talking about, although I'm not familiar with the particulars (never even been to Oregon, one of the few states I haven't) is something that sophisticated investors might want to look at. We've had a decent number of…[Read more]

]]> 484d7e6df5deeaed55e7374681339b14 HighIncomeProperty replied to the topic Should Australians Still Invest Properties in the United States? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4403632-should-australians-still-invest-properties-in-the-united-states/#post-4647741 Thu, 02 Jun 2011 21:15:09 +0000 Hi trhia,Sorry I did not respond to your post – hope it hasn't been on here for long. I only checked in because I saw that Detroit Dan had made a recent post. As far as "is this the time" – absolutely, with the AUD very strong compared to the USD and with some incredible yields – you bet this is the time.We can recommend accountants, are you…[Read more]

]]> 0a19401f66f1f436203a043058f3433e HighIncomeProperty replied to the topic NYC, What's with this prices?????? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4403774-nyc-whats-with-this-prices/#post-4648813 Wed, 01 Jun 2011 09:02:40 +0000 Message sent:-)HighIncomeProperty@Gmail.com

]]> 316ea98b3cd0618acff907d307b3f893 HighIncomeProperty replied to the topic NYC, What's with this prices?????? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4403774-nyc-whats-with-this-prices/#post-4648811 Tue, 31 May 2011 14:39:12 +0000 Wow, it didn't take much to trigger the <Delete Advertising> on that one! All I was saying is what we do and where, but fair enough.I would say, from the mid $30'S, you can get a property with a yield of 12% net P/A in those cities, better I say nothing more :-)HighIncomeProperty@Gmail.com

]]> 9027d2c6359d0153721a92031c2ab176 HighIncomeProperty replied to the topic NYC, What's with this prices?????? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4403774-nyc-whats-with-this-prices/#post-4648806 Mon, 30 May 2011 11:23:37 +0000 hey,Which link are you referring to – the one from Yahoo real Estate to the house on Campbelltown Rd? It's the same thing – also a monthly rental amount. The MLS allows for listings of both rentals and sales!As for buying into the United States – you bet it's a good time. <moderator: delete advertising>HighIncomeProperty@Gmail.com

]]> 8f63f978f20cf42249089f71f5fe09da HighIncomeProperty replied to the topic USA Landlord Experiences so far. in the forum Overseas Deals https://www.propertyinvesting.com/topic/4403760-usa-landlord-experiences-so-far/#post-4648669 Sun, 29 May 2011 22:31:28 +0000 Hi Wobbly,First of all, I need to point out that I do this for a living, so I've probably been able to spend a lot more time on it than the "average" investor ever would. Finding the right management takes time, but when it happens – it just makes your life so much easier.A good management company assist us in finding tenants, collecting- and…[Read more]

]]> 7370ceb6d3c792196ce38ff30c58b7eb HighIncomeProperty replied to the topic NYC, What's with this prices?????? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4403774-nyc-whats-with-this-prices/#post-4648804 Sun, 29 May 2011 22:25:48 +0000 I might be pointing out the obvious here, but the first link referenced in the original post is for a one-month rental. While prices have fallen nationwide, it's certainly never going to get that bad:-)HighIncomeProperty@gmail.com

]]> d0f4167389e392d8d43a2ef6706b5746 HighIncomeProperty replied to the topic Should Australians Still Invest Properties in the United States? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4403632-should-australians-still-invest-properties-in-the-united-states/#post-4647738 Sat, 14 May 2011 20:36:29 +0000 To initial poster:I'm sorry – I didn't realise you were just copying the article – so my response is really just general feedback to the writer, and not to you – I should've looked a bit closer:-/

]]> 08c9ad83da60c6dff270271fc876545c HighIncomeProperty replied to the topic Should Australians Still Invest Properties in the United States? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4403632-should-australians-still-invest-properties-in-the-united-states/#post-4647737 Sat, 14 May 2011 20:34:41 +0000 Hey,I haven't been on here in a while, but I just feel like I need to reply to this post….I can fully understand that everyone's experience when investing in the US is different, however, it seems that you have had a lot of very unusual things happen to you, that would not be the norm for any international investor. We have worked with MANY…[Read more]

]]> 4d8be66b4685bb860b70f2d13b3e27b8 HighIncomeProperty replied to the topic further research for USA investing. in the forum Overseas Deals https://www.propertyinvesting.com/topic/4402681-further-research-for-usa-investing/page/2/#post-4641099 Mon, 25 Apr 2011 11:25:01 +0000 Fully agree with previous poster – there's A LOT of that going on in Australia, some companies seem to do it more than others.Just do your homework would be my advise also

]]> fcf0d8026240371f54cd94111e406ef9 HighIncomeProperty replied to the topic US Property vs Bullion in the forum Overseas Deals https://www.propertyinvesting.com/topic/4403384-us-property-vs-bullion/#post-4646113 Fri, 22 Apr 2011 03:42:36 +0000 I think they're two different assets entirely, and it shouldn't neccessarily be one or the other. Keeping a diverse portfolio is always a wise idea, to hedge against market swings etc.I have to agree with what Anthony is saying above, that both:a) The U.S. market usually always recovers, although it might not reach the levels we were at in 06/07…[Read more]

]]> 51198acc665d3bbddc049e9f5bb0f2da HighIncomeProperty replied to the topic Is it best to buy in an LLC or in own name? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4401849-is-it-best-to-buy-in-an-llc-or-in-own-name/page/3/#post-4635992 Fri, 22 Apr 2011 03:30:07 +0000 Just a quick point to make here – I don't know exactly how your taxes would be affected as a non-American, but most foreign investors find it easier to buy using an LLC. Simple tasks such as connecting utilities and getting bank accounts opened up (unless you already have one) will be much easier with an LLC. You will need to obtain an ITIN number…[Read more]

]]> a708508484daabd200c7988a145575a3 HighIncomeProperty replied to the topic Lehigh Acres Florida ? in the forum I have to agree here with https://www.propertyinvesting.com/topic/4402593-lehigh-acres-florida/page/2/#post-4640596 Sat, 16 Apr 2011 08:25:41 +0000 I have to agree here with previous poster – few areas of the country present more opportunities, and more  pitfalls, than Florida. We are big on the areas that we expect to recover the fastest, Palm Beach, Broward County (parts of it) and some other areas in the South West, where the money was going back in the day.I'm really not big on Orlando…[Read more]

]]> cc6360e4478016e9f6a5bb5d5b31b090 HighIncomeProperty replied to the topic Sizeable portfolio? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4403085-sizeable-portfolio/#post-4643808 Sat, 16 Apr 2011 05:08:12 +0000 I agree with Kevin's post above, that the E2 is probably the most suitable in a case like this.Just be advised that the E2 visa does not have a path to permanent residency or U.S. Citizenship, and needs to be renewed, if I am correct, every 2-5 years. Once you sell your business, you need to leave the United States, no matter how long you have…[Read more]

]]> 4ba9338d80488c8bbfa88aa45b491b6e HighIncomeProperty replied to the topic Detroit, Michigan is SHRINKING! Beware in the forum Nigel, That's your opinion, https://www.propertyinvesting.com/topic/4403162-detroit-michigan-is-shrinking-beware/#post-4644260 Tue, 05 Apr 2011 08:50:45 +0000 Nigel,
That’s your opinion, and you’re entitled to that. But rather than just racking down on Detroit (and yes, I did laugh to myself when you based your research on 8 mile) why don’t you tell people what to do then? I know you are pushing your assumable mortgages and I don’t mind that, but you still did not answer what has been asked by numerous…[Read more]

]]> 3d4864c2be514e4842637170ea8849a1 HighIncomeProperty replied to the topic Detroit, Michigan is SHRINKING! Beware in the forum @ Nigel: I don't want to https://www.propertyinvesting.com/topic/4403162-detroit-michigan-is-shrinking-beware/#post-4644258 Mon, 04 Apr 2011 22:45:56 +0000 @ Nigel:
I don’t want to sound like a broken record here, but every single city in the U.S. will have many different markets, all with different characteristics. We operate nationwide and have done so for the last six years, and Michigan is one of the states where our investors have the most success. I can also personally assure you that none of…[Read more]

]]> 188bbe07418adafb3ee901a335162630 HighIncomeProperty replied to the topic Syracuse, NY in the forum Overseas Deals https://www.propertyinvesting.com/topic/4403212-syracuse-ny/#post-4644677 Mon, 04 Apr 2011 16:45:39 +0000 Ok, I a not sure what the taxes are exactly, and without the address I can’t find out. Figure they might be $1800 annually ($150 per month) as well as a management fee of 10%, your insurance will be $700 or so per annum, depending on what level of coverage you want.
You also need some maintenance, but based on the above, your net would be $1100 a…[Read more]

]]> ece1594f419212a3a807f7c25d391350 HighIncomeProperty replied to the topic Detroit, Michigan is SHRINKING! Beware in the forum Overseas Deals https://www.propertyinvesting.com/topic/4403162-detroit-michigan-is-shrinking-beware/#post-4644254 Mon, 04 Apr 2011 15:53:41 +0000 Dan,
Thanks a lot for your views – like you said, it makes a lot of sense when someone from the city itself comments on the post.
Fully agree on the negative coverage vs. what is actually going on, I’ve been to Detroit quite a few times and I’ve been positively surprised, both by the opportunities, but also by the pride that still exists of being…[Read more]

]]> 243b243b26eaa6f8a580de407f504f7f HighIncomeProperty replied to the topic Syracuse, NY in the forum Overseas Deals https://www.propertyinvesting.com/topic/4403212-syracuse-ny/#post-4644675 Mon, 04 Apr 2011 08:42:49 +0000 Hi Crusty,
I am familiar with Connecticut (have lived there in the past) although I am not that familiar with Groton. I know Pfizer (medical company) have a research facility there and if I remember correctly, there is a branch of Connecticut University (or University of Connecticut) there as well, which I guess could bring a strong rental…[Read more]

]]> 5d733be999ce2f89a162dba8c7146a4c HighIncomeProperty replied to the topic First time investor, is 6 weeks in USA too short? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4403178-first-time-investor-is-6-weeks-in-usa-too-short/#post-4644389 Mon, 04 Apr 2011 08:37:18 +0000 Hi Kimberley,

I think 6 weeks is certainly enough to get a feeling for what the markets are doing, and what properties are available.
Off course, you always need to do your due dilligence and make sure you are not paying too much – it’s important to look at comparable sales, rentals, and like James rightly pointed out – to decide what you really…[Read more]

]]> 5930fa3621af40d77895ba122c3e1bae HighIncomeProperty replied to the topic Home Sales Statistics - Florida - What they were once worth in the forum That is a useful tool, https://www.propertyinvesting.com/topic/4403268-home-sales-statistics-florida-what-they-were-once-worth/#post-4645336 Mon, 04 Apr 2011 08:33:18 +0000 That is a useful tool, thanks for sharing James.
Although I have ALWAYS said NEVER to use Zillow when looking for a valuation (it’s useless) you can find previous sales of a specific property on there in most cases, and also of comparable sales.

Off course, most U.S. counties will also show previous sales on their website, although it might be a…[Read more]

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