PropertyInvesting.com | king-co | Activity https://www.propertyinvesting.com/members/king-co/activity/ Activity feed for king-co. Wed, 15 Apr 2026 07:39:52 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 95a096d763cda0cfa01e20996b170ca7 king-co replied to the topic Domestic commercial in Toowoomba in the forum Commercial Property https://www.propertyinvesting.com/topic/4997977-domestic-commercial-in-toowoomba/#post-5006556 Fri, 24 Apr 2015 21:38:21 +0000 That property is still for sale, and with 3 different agents which tells you something. Looking at market rents for 1 bed in Toowoomba it is < $200. The builder is paying over the top money to bolster the price. The key consideration is how long is the lease for and what will the market rent it for if he leaves. The expenses including 80% loan at…[Read more]

]]> 450ae9f726e7a3acbd10112b6a336e37 king-co replied to the topic Experiences with US Accountants in the forum Overseas Deals https://www.propertyinvesting.com/topic/4999735-experiences-with-us-accountants/#post-5000012 Thu, 05 Feb 2015 14:19:26 +0000 I wouldn’t say my US accountant is creative, but have found them reliable, responsive, knowledgeable and at a reasonable price.
Christine Bombard from http://www.bultynck.com/

Which agent are you using in Kansas city?

I find the tenants in my US properties are like locusts and keep costing a lot in repairs, though some a stable and OK.

]]> 0981eef90274810f7ac011ff760328aa king-co replied to the topic Help on my commercial investment strategy in the forum Commercial Property https://www.propertyinvesting.com/topic/4999615-help-on-my-commercial-investment-strategy/#post-5000011 Thu, 05 Feb 2015 14:00:30 +0000 Hi Samantha,

If you haven’t done it already, invest some money first in education. I would recommend Steve’s property apprentice course for a good grounding in property investing. For a four thousand or so dollars it could save you tens of thousands in doing due diligence and going after right deal. The starting point of the course is working…[Read more]

]]> f8cbffce8c8b60284f7cf4092ec1fe4d king-co replied to the topic Help on my commercial investment strategy in the forum Commercial Property https://www.propertyinvesting.com/topic/4999615-help-on-my-commercial-investment-strategy/#post-5000011 Thu, 05 Feb 2015 14:00:30 +0000 Hi Samantha,

If you haven’t done it already, invest some money first in education. I would recommend Steve’s property apprentice course for a good grounding in property investing. For a four thousand or so dollars it could save you tens of thousands in doing due diligence and going after right deal. The starting point of the course is working…[Read more]

]]> 38d0082a43ca406bde20e54f2f70195d king-co replied to the topic Help on my commercial investment strategy in the forum Commercial Property https://www.propertyinvesting.com/topic/4999615-help-on-my-commercial-investment-strategy/#post-5000011 Thu, 05 Feb 2015 14:00:30 +0000 Hi Samantha,

If you haven’t done it already, invest some money first in education. I would recommend Steve’s property apprentice course for a good grounding in property investing. For a four thousand or so dollars it could save you tens of thousands in doing due diligence and going after right deal. The starting point of the course is working…[Read more]

]]> 9cdef8c4baa2b149d5b345bb65ad91a5 king-co replied to the topic 'Below legal height' in the forum Help Needed! https://www.propertyinvesting.com/topic/4393523-below-legal-height/#post-4997736 Thu, 18 Dec 2014 01:05:09 +0000 I increased The height in a lower room that was 2.2m to 2.4m by digging the floor, underpinning the footing and dropping the slab. Cost including extra drainage was about $25,000

]]> ba6077dde0b35073c431cfd92495421e king-co changed their profile picture https://www.propertyinvesting.com/activity/p/301784/ Thu, 04 Dec 2014 04:17:46 +0000 9cad1308f83e834af4cae815277778ef king-co replied to the topic Commercial Loan in the forum Commercial Property https://www.propertyinvesting.com/topic/4994494-commercial-loan-3/#post-4995751 Fri, 17 Oct 2014 22:55:38 +0000 I currently pay 4.84% on $945K (65% lvr) which is based on the bank bill swap rate of about 2.8% + a line margin which the bank calculates based on your risk profile which in my case is about 2%.
This is on a 3 month rolling period so the rate can be adjusted every 3 months based on bbsy and I pay a fee every 3 months for the rest, I think of…[Read more]

]]> b393e8acf9c01c9eb71aceaa7d9e6931 king-co replied to the topic What Commercial Rental Yields should I aim to achieve? in the forum Commercial Property https://www.propertyinvesting.com/topic/4994750-what-commercial-rental-yields-should-i-aim-to-achieve/#post-4995750 Fri, 17 Oct 2014 22:47:30 +0000 I have investments in commercial properties both directly and through syndicates.
My direct properties return direct yields of around 12% (which is high through negotiation, market timing and selection) and through borrowing 65% at 5% my cash on cash (coc) returns are above 20%. Typically commercial returns I would expect are 8% but as per above…[Read more]

]]> 84420d9c112a42c66ab3ce4cd58f81f0 king-co replied to the topic What Commercial Rental Yields should I aim to achieve? in the forum Commercial Property https://www.propertyinvesting.com/topic/4994750-what-commercial-rental-yields-should-i-aim-to-achieve/#post-4995750 Fri, 17 Oct 2014 22:47:30 +0000 I have investments in commercial properties both directly and through syndicates.
My direct properties return direct yields of around 12% (which is high through negotiation, market timing and selection) and through borrowing 65% at 5% my cash on cash (coc) returns are above 20%. Typically commercial returns I would expect are 8% but as per above…[Read more]

]]> f94c1a440f8cff6736b09724c6553861 king-co replied to the topic What do people think of Steve's the US Passive Income Fund? in the forum The US passive income fund is https://www.propertyinvesting.com/topic/4407441-what-do-people-think-of-steves-the-us-passive-income-fund/#post-4676210 Wed, 19 Mar 2014 00:38:19 +0000 The US passive income fund is an easy way to gain exposure to both the US currency and commercial property market. 
Some of my reasons for investing in it are:

Experience of Steve and the team involved in property investments

Integrity and transparency of Steve

Investment philosophy of purchasing positive cashflow properties at below…[Read more]

]]> fcc3e6bab2208a0ed2c372fc359b1332 king-co replied to the topic What do people think of Steve's the US Passive Income Fund? in the forum Opinionated! https://www.propertyinvesting.com/topic/what-do-people-think-of-steves-the-us-passive-income-fund/#post-4676210 Wed, 19 Mar 2014 00:38:19 +0000 The US passive income fund is an easy way to gain exposure to both the US currency and commercial property market. 
Some of my reasons for investing in it are:

Experience of Steve and the team involved in property investments

Integrity and transparency of Steve

Investment philosophy of purchasing positive cashflow properties at below…[Read more]

]]> c405d930f85b35ea15de6b54ead96d30 king-co replied to the topic EIN, ITIN Forms in the forum Overseas Deals https://www.propertyinvesting.com/topic/4402874-ein-itin-forms/page/2/#post-4642548 Tue, 05 Feb 2013 10:51:13 +0000 I recently filed a tax return for my LLC which has an EIN. The IRS sent it back with a box checked I need an SSN or ITIN and that I need to fill out a W7 form. SSN would be preferable I think, as most things you fill out in US seem to want an SSN.

]]> f793dd929605894f532604f3c1418666 king-co replied to the topic Homeowners insurance for Australians in US in the forum Overseas Deals https://www.propertyinvesting.com/topic/4406667-homeowners-insurance-for-australians-in-us/#post-4670507 Sun, 27 May 2012 13:37:51 +0000 I’m using affinity insurance for properties in ohio, kansas city, st louis, milwaukee. Have not had problems insuring them, but I they are all owned through LLCs, not directly by me.

I did have to specify when they were vacant, and think I had to pay a higher premium until tenant moved in.
In the mean time homeless people apeared to be utilising…[Read more]

]]> f62afa5ef89932d846dd6b2d00643149 king-co replied to the topic XEtrade - tranferring funds from US in the forum Overseas Deals https://www.propertyinvesting.com/topic/4406691-xetrade-tranferring-funds-from-us/#post-4670669 Sun, 27 May 2012 09:17:51 +0000 Haven't tried it myself yet as I am awaiting a critical mass of funds from rentals to minimise the % cost of transaction. I would call ozforex, I presume they have a US based account and you can do an ACH electronic transfer to them from your US account. They then do the transfer to your Aussie account.I'm using chase bank in ohio and the online…[Read more]

]]> 71581c557332598f36959c20193f2fb8 king-co replied to the topic Buying US property using SMSF in the forum Overseas Deals https://www.propertyinvesting.com/topic/4406688-buying-us-property-using-smsf/#post-4670640 Sun, 27 May 2012 08:28:00 +0000 I’m not sure what worldinvestor is referring to with the comment

“You also need to ensure that the bank you use in US for purpose of chanelling rental funds has an affiliated bank account in Aust, otherwise you will not be complying with ATO and will be a problem.”
What specifically are you not complying with?

I have an SMSF as the member…[Read more]

]]> 0c3018e7a9c4ba4d9ead7a642bd39a93 king-co replied to the topic Melbourne Highrise Apartments in the forum Help Needed! https://www.propertyinvesting.com/topic/4378918-melbourne-highrise-apartments/#post-4507677 Sat, 26 Feb 2005 23:08:56 +0000 I purchased a unit in 416 St Kilda road for $270K back in 1999 from central equity. I had a valuation done last year which came back at $330K – an increase of 22% in 5 years (not great!). I have consistently had it rented out at $1540 per month over that time, with little or no rent increase. The unit is OK, but last time I visited the agent said…[Read more]

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