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I would so love to hear from anybody who has had success with this method or his course. Please feel welcome to PM me if you would rather remain private. I just want to know whether I can trust this will work.
I think because they are absolutely brilliant presenters, it really gets people excited. They are very calculating in how they present, what they tell people. As Australians aren’t used to that type of presentation many are trusting that their many promises are true.
Thank you and much appreciated. Tell me, is there any way that from Australia, without travelling over, we could find a good boots on the ground to work with over there? How so?
Oh gosh, how did I do that grammatical error with the word ‘there’ . I have never done that!
Moving on. I mean get their Real Estate Licence in order to buy/sell their own properties and investments that they purchase through their companies.
Do you mean selling properties for others Tamara? Because you are allowed to sell your own property without a licence aren’t you?
On this note, how many developers, or investors in Australia get there licence? Are there advantages/disadvantages?
With flipping though, you do your due diligence in having the property checked before offering it to buyers, so can’t really go wrong there? I think having a trustworthy realtor, or boots on the ground who can find properties and advise would be very handy. It is only those in the area who really know whether a property is in a good location. That is the tough part of trying to do this work from afar not knowing the area really well.
Is that what you offer as a service Jayman? As in your business sets up bank accounts and the LLC’s and stuff?
With dealing with sellers, I am not just looking to buy a retail priced property and rent it out. I am looking for some savvy quick profits to build up cashflow right now to then invest more in buy and holds. But I am not all that comfortable until I have done all of my own research also. For example I am in with a group called BuyPd, they have been around a few years, sell fully vetted properties/land/deeds. But I still wouldn’t let them just say ‘here this land will grow in value’ unless I researched the block and the area myself extensively and was sure that I would choose that area. But then if I am doing all of that myself, I might as well go and buy below retail myself also. If that makes sense?
- This reply was modified 4 years, 8 months ago by Freedom.
Also…. it was mentioned a few posts up by Jayman about the inability for Australians to get bank accounts over there without setting foot on soil, and that the banks still will close accounts sometimes even if you have done so.
The rules have just apparently changed again in the last few weeks, and while a few of us were getting accounts through Wells Fargo, again they have put a stop to it also. It is a continual headache.
An easy route perhaps might be to use Escrow, and then use an Australian International Bank account in our own name for when we want to pay ourselves dividends? May not be a solution that everybody loves, but is an idea for those struggling with how to start when not being able to get a bank account over there.
I guess we are a bit eager because we have certainly invested a huge amount of hours, and a lot of money so far (for our standards I mean, probably peanuts to some). We are itching to get cracking and make some money back. We are sensible though, and that is why the hours are being put in, as we are studying, and living and breathing all of this, and tyring to learn as much as we can. So we are asking questions wherever we can to learn more, and I thank all who have been so helpful so far.
When you say work with somebody on the ground, are you talking of your team, such as your Realtors, Contractors (if you are doing your own Rehab), Titles Agents, Accountant, Legal Team, etc? Or are you talking of a Business Partner as such? If you are talking of a Business Partner, do you suggest hiring somebody, or an actual business partner?
Thanks Jayman. I think I am probably the most impatient investor, or is that motivated??? Thankfully I am also sensible. But I am so raring to go, and while I totally understand that success in this is based primarily on relationships, I am finding it hard to be patient :-)
Fantastic! So good to hear of somebody from Australia, new to the game, and doing so well. Very inspiring. Thank you for sharing.
It sounds like you moved over there first and then started investing, is that correct?
I got a lot of good information from that, and a lot of inspiration. I want to hear more!!!!
What are your best suggestions for gathering that team from afar Nigel?
HuMungus, what types of investments are you doing over there presently, or are you just starting?
Can you please explain why you must live there? There are plenty of people successfully doing this without living in the location.
Oh I am so jealous of your position!!! Although I built my first home at 18yo, I didn’t find the teachers or methods to show me how to go ahead and make the money I could have made. In my defence there wasn’t really the internet like there is now. But I came back to start back into Real Estate after having children and using up our funds. Tough position. If I could do then what I started doing later, my whole life would have been different. Will love to hear what you end up doing! If it were me, I’d re develop my block as you were mentioning, just to start.
Catalyst, do you happen to know if there are any meet ups in Adelaide, or if anybody could Skype in to one in Sydney? Struggling to find them over here!
There is always opportunity in a volatile market like USA isn’t there? Just which strategy to use changes depending on where the market is in the area you are working in.