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September 26, 2012 - 2:38 am

nguli wrote:

Hi Mattsta,

I actually loved this original post by ALF1 so I was glad when it came back up in my email notifications! As for interesting things to share… Can't say I do Just trying to pay down the PPOR loan so I can borrow again for my next IP! Hopefully before Christmas fingers crossed! How about yourself?

-Nathan

I am glad you are doing good. Good luck with the loan! I am doing good. I am thinking about investing in apartment properties in America, but I have not decided yet. I am trying to consider all risk before I make this big decision. 

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September 22, 2012 - 3:54 am

I am glad that rent to buy victims are able to seek compensation. It is terrible to make money on other people’ desperation to own a home. I also wonder how other States will react to this new precedent.

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September 22, 2012 - 3:42 am

I would never buy such houses in the US. Most of them are in terrible neighborhoods, where any outsider would be scared to get out of a car. This type of investment is definitely not for me.

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September 22, 2012 - 3:40 am

I see the same. The middle class is almost gone in the US. I honestly do not believe that USA will recover any time soon. It is still no jobs there, a big debt and very high unemployment rate. 

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September 22, 2012 - 3:39 am

Nigel, I agree with you on the American market. Buying apartment complexes there will definitely make big money. A lot of foreclosures happening there right now, which means that more people move to apartments.

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September 22, 2012 - 3:37 am

Hey Nguli, what have you been up to? Anything interesting to share?

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September 16, 2012 - 4:33 am

Thank you ALF 1 for the optimistic thread. I also do not believe that Australia property market will have the same fate as the US property market. You mentioned valid indicators for the US. Fortunately, for us it is not as bad here in Australia But I still read a lot of articles stating otherwise. According to them the Australian property prices are set for further annual fall.  Do you believe it is any possible ways for the US property market to recover faster?

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September 16, 2012 - 4:30 am

History repeats itself. It is always ups and down. The whole world is down now: high unemployment rate, recession, debt and etc. It might get worse before it gets better, even though I always hope for the best.

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September 16, 2012 - 4:27 am

I believe it is hard to save because most people do not know how to save, unfortunately. It does not matter if you have a good job or not. It is all about discipline and buying things that you need not the ones you want. Additionally, it is important to know how to invest properly. Right and smart investing will soon lead to a financial independence. 

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September 16, 2012 - 4:26 am

I agree with other posters. It is important, especially in nowadays economy, to get as much professional experience as possible. My advice is to get a professional job as soon as possible.

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September 16, 2012 - 4:23 am

I do not think you will be able to open a bank account in any American bank without coming to a bank branch. Or if you have any American bank branches in your city, you can just simply go there to open an account. Major American banks such as Bank of America, Chase and etc. have international locations in many countries. If you decide to open an account when you arrive to Las Vegas, you will probably need to have your Australian passport, visa and the proof of your current American address (any bill will work in this case).

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September 9, 2012 - 3:17 pm

Me too.. I also use Excel for my property calculations and tracking. I also tailored my own spreadsheets to my own style and I prefer it that way.  tried other programs before but they were too rigid!

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September 9, 2012 - 3:13 pm

David, What were some of the most important things that you actually learned from the course?

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September 9, 2012 - 3:11 pm

I think one thing to remember is that when vendors sell their home via a realty company, then they will have to pay a commission to the agent, which can often be thousands of dollars.

Therefore, I think when vendors sell their home on their own, they have minimised their costs and therefore, are generally more flexible and willing to negotiate down a lower price.

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September 9, 2012 - 3:07 pm

hey rsubax72,

Since you're wondering about what to keep in mind when buying a home, I think this article can help you.

I especially like this quote from the article:

"I realised that if I ever wanted to realise a dream, a dream of owning my own home, living where I wanted to live and no longer paying other peoples mortgages while I sat on the fence, I would have to make a decision.

My decision was to view property in a new light. I would look at my home as a pleasure of living, an investment second (whilst doing the best I could to ensure I didn’t make a bad investment)."

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September 2, 2012 - 12:05 am

I would go for the renting anytime since it involves no extra capital usage and you might end up having a better renter.

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September 2, 2012 - 12:02 am

Offset allows for greater flexibility when you need to use the funds since they are just sitting in the bank and can therefore be used to pay off your taxes when PPOR is converted to IP in future. I would advise you to go for the offset of the PPOR because it helps in reducing the interest charged on the loan. you might get more help on loans at this link http://www.bigpondmoney.com.au/credit-loans

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September 2, 2012 - 12:00 am

There is nothing as an insulting bid. Buying is an understanding between the seller and a willing buyer. Just let him know your offer and who knows you might come to an understanding.

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September 1, 2012 - 11:59 pm

Hi, this looks like a great deal though the way to the place seems like a bit of a hustle. I wish you all the best. Follow this link for more on the low price deals. http://www.bigpondmoney.com.au/the-art-of-the-low-offer

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September 1, 2012 - 11:55 pm

It’s always good to first visit an attorney and hear what legal right you have over the issue. However, you have to be incredulous on what the attorneys tell you since some of them are cunning and want to earn money through you. for more information you can visit http://www.terryw.com.au/