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  • jnaumovski
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    @jnaumovski
    Join Date: 2012
    Post Count: 5
    January 17, 2012 - 2:25 am

    hey brent – i am pretty much in the same boat as you. 27 with some money to invest in US property market. Have been thinking about buying the USA power pack also. let me know if you want to get in touch to try and work out the set up of our investing strategy together if it works for you?

    jnaumovski
    Participant
    @jnaumovski
    Join Date: 2012
    Post Count: 5
    January 17, 2012 - 2:18 am
    engelo10 wrote:
    Did you look into Taree? You can pick up the housing commision homes for around $80,000 – $90,000 and will rent for $160 – $180pw making then slightly positive after all expenses.

    Hi engelo10 – I had a look in Taree (my partner's has family and grew up there so I know the area relatively well) and could not identify any properties in the range you refer to. Old Bar looks like it has some good deals. A sleepy coastal town 15mins away, which recently had a supermarket chain open. Lots of properties on the market at the moment though….could be a buyers market?

    jnaumovski
    Participant
    @jnaumovski
    Join Date: 2012
    Post Count: 5
    January 11, 2012 - 10:12 pm

    I am in Sydney and would love the chance to have a discussion about the USA property market – please let me know if anything becomes confirmed.

    jnaumovski
    Participant
    @jnaumovski
    Join Date: 2012
    Post Count: 5
    January 8, 2012 - 2:07 am

    Thanks everyone for your comments and feedback – it is all very useful to me.

    I should clarify though that the property I co-own in Surry Hills which is valued at $700,000 has only $350,000 borrowed against it with my co-owner. I already have access to a $70,000 equity loan through this property which my property partner co-signed with me.

    However, going forward the ultimate goal is to achieve a portfolio of cash-flow positive properties. I do not see flipping/renovating properties as my key strengths based on the time/resources I have access to, and I consider the risk to be too high in terms of the potential return.

    I have been undertaking research into purchasing units in small coastal towns such as Old Bar (about 15mins from Taree) – access will soon be enhanced by the completion of the bypass of Buladelah on the Pacific Highway.

    I also have seen evidence about Nowra being a worthwhile investment too. In any respect, my key goals are purchase low-cost/affordable properties up to $250,000 each in high growth potential areas that will provide positive cash-flow for the long term.

    Look forward to hearing everyone’s thoughts now that my goal is clearer (I hope!)

    Have a great day

Viewing 4 posts - 1 through 4 (of 4 total)