PropertyInvesting.com | morpheusbushy | Activity https://www.propertyinvesting.com/members/morpheusbushy/activity/ Activity feed for morpheusbushy. Tue, 14 Apr 2026 11:17:25 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 fff1bd275bef143af307aa64b4b47776 morpheusbushy replied to the topic anyone bought property from US Property Sales Australia in the forum Overseas Deals https://www.propertyinvesting.com/topic/4404513-anyone-bought-property-from-us-property-sales-australia/#post-4654284 Fri, 26 Aug 2011 01:59:35 +0000 RickH wrote:
Each to their own ….as long as you are happy with the results thats what matters

Exactly.  I had every intention of doing it on my own – the administration effort ALONE made me want to look for help, not every buyers agent is bad, you just have to be careful and do your research.  Even after I decided to use a turnkey company, I…[Read more]

]]> 8d28ad3fca7a1e2cdf788dd0fafeab29 morpheusbushy replied to the topic anyone bought property from US Property Sales Australia in the forum Overseas Deals https://www.propertyinvesting.com/topic/4404513-anyone-bought-property-from-us-property-sales-australia/#post-4654279 Wed, 24 Aug 2011 13:27:10 +0000 I don’t think that all buyers agents are necessarily bad as it does require a significant amount of time and effort to purchase overseas, I do think from what I have heard and read that there are definitely much better alternatives than my USA property.

]]> 26b31396e0a3286c0046c93e95befa71 morpheusbushy replied to the topic anyone bought property from US Property Sales Australia in the forum Overseas Deals https://www.propertyinvesting.com/topic/4404513-anyone-bought-property-from-us-property-sales-australia/#post-4654274 Tue, 23 Aug 2011 02:17:06 +0000 speedy gonzales wrote:
Hi Rodger,US Property Sales Australia is the newly created remnants of MyUSAProperty. My suggestion is to stay right away from these guys…..<moderator: delete personal comment> PM me if you want more information <edit>. As for the other companies you listed….just a couple of more so called "experts" on US property. A…[Read more]

]]> 583a2c23ba0294c31ad2efaf02645a06 morpheusbushy replied to the topic International money transfer issues! in the forum Overseas Deals https://www.propertyinvesting.com/topic/4404482-international-money-transfer-issues/#post-4654081 Mon, 22 Aug 2011 13:10:43 +0000 Winterose wrote:
Try Xilo, they are affiliated with Westpac, but call and speak to them first toget your info because they are a pain to set up.

Their website scares me too much :-S

]]> 046ac0d3f3d9ad8a47ffd1b71ac39375 morpheusbushy replied to the topic My first US property purchase! in the forum Overseas Deals https://www.propertyinvesting.com/topic/4404504-my-first-us-property-purchase/#post-4654216 Mon, 22 Aug 2011 11:36:36 +0000 RickH wrote:
Congrats on your purchase… a long and winding road huh !Where did you buy ? Did you do it yourself or with buyers agent assistance ?Look forward to hearing how it all goes All the best and well done !!

I bought in Dallas, Texas. I used a sort of unorthodox method using a combination of a realtor and a turn-key investment company…[Read more]

]]> 010fceda6a4893cc87bfcf8d9a00343b morpheusbushy 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-4648295 Mon, 22 Aug 2011 05:49:43 +0000 jayhinrichs wrote:
Thank you for posting reality I have been preaching 7 to 10% NET returns and I know this is a fact. But have basically been Booed off this forum. Lots  of day dreamers there in OZ

That is sad to hear!  I agree, many people have wayyyy over-the-top expectations about nett returns – most don't take in to account vacancy rates a…[Read more]

]]> 24e06a8739901dc70ea10d652ea385f0 morpheusbushy replied to the topic International money transfer issues! in the forum Overseas Deals https://www.propertyinvesting.com/topic/4404482-international-money-transfer-issues/#post-4654079 Fri, 19 Aug 2011 04:05:03 +0000 Thank you – I think direct transfer through OzForex is the best way to go in the future…

]]> 6d513b2baa6ae42fde2bbc5b7333309e morpheusbushy 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-4648291 Tue, 16 Aug 2011 10:04:05 +0000 New article from CNBC if you are thinking about Texas, talking about Rick Perry, job creation, booming oil business… http://www.cnbc.com/id/44155708

An older (1 year) article talking about tighter lending restrictions in Texas and how they largely avoided the exponential growth and then sudden collapse of its housing market……[Read more]

]]> baf33753494aac0fba1435bbcba70db3 morpheusbushy replied to the topic Did you buy shares today? in the forum Forum Frolic https://www.propertyinvesting.com/topic/4404403-did-you-buy-shares-today/#post-4653503 Mon, 08 Aug 2011 11:07:41 +0000 Yeah looks like the US is about to drop on open in a couple of hours, I might look at buying some more in the next day or so as well.

]]> 9cc1431c349cedbb72be845f73ebe211 morpheusbushy replied to the topic USA - Where to buy? in the forum Perthgurl65 wrote: Arrrghhh https://www.propertyinvesting.com/topic/4403705-usa-where-to-buy/page/6/#post-4648280 Sat, 06 Aug 2011 10:10:15 +0000 Perthgurl65 wrote:
Arrrghhh … you mean I have to do my OWN ??? lolActually, I have already begun and San Antonio is where my heart is :-))))Marg

Great, share your research! :)

]]> 3fb806cd9b56419ac8799deda2bb0024 morpheusbushy replied to the topic USA - Where to buy? in the forum Sorry, don't have any. https://www.propertyinvesting.com/topic/4403705-usa-where-to-buy/page/5/#post-4648278 Fri, 05 Aug 2011 09:43:59 +0000 Sorry, don’t have any.

]]> 1b4aabe30e931eddf1465b8420970a2e morpheusbushy replied to the topic Meet me in the US? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4403777-meet-me-in-the-us/#post-4648849 Tue, 14 Jun 2011 02:17:57 +0000 Thanks Andrian, I am yet to head over to make my purchase(s) but will definitely keep you updated on any results, information, contacts etc. that I come across.Craig, I don't have your agents details in Atlanta, would you be able to PM me with them and I will make contact?Cheers!

]]> d62fca9d6ffa33bffe667da2b0478561 morpheusbushy replied to the topic Meet me in the US? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4403777-meet-me-in-the-us/#post-4648845 Tue, 31 May 2011 09:04:55 +0000 Thanks Michael!

]]> bcd8ef6706dfa2ab5b1e569e3a399883 morpheusbushy 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-4648809 Tue, 31 May 2011 09:03:07 +0000 “Buyer is also responsible for all back owed taxes, assessments, liens, or encumbrances.”

There is probably $40,000 owing on the place! Also, with no inside pictures showing you can be assured of the worst inside.

Maybe you should read up a bit more on terminology / general USA investing – I think these ‘bargin’ sites can be dangerous if you…[Read more]

]]> 994a2e65b724f1588a1bc2a36ea4ce4d morpheusbushy replied to the topic USA - Where to buy? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4403705-usa-where-to-buy/page/2/#post-4648203 Mon, 30 May 2011 12:25:28 +0000 morpheusbushy wrote:

Hopefully this bullet is not too far away for me :)

Whoops, minus the death part of course. Although.. I will be travelling to Texas soon……

]]> fc855a82cd7f9ced4c267bf996266a29 morpheusbushy replied to the topic USA - Where to buy? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4403705-usa-where-to-buy/page/2/#post-4648202 Mon, 30 May 2011 12:24:27 +0000 biggaz13 wrote:
Eventually you get to the stage where you just have to bite the bullet or forget about it.  

Agreed! You could study a city for months without ever knowing if it will definitely be a good investment or not.

Hopefully this bullet is not too far away for me :)

]]> e9f78fe369290f40fe066982c9d2a713 morpheusbushy 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-4648803 Sun, 29 May 2011 14:17:46 +0000 Hey Joe & Chels,

You can rest assured that NO apartment in NYC will sell for $2000, no matter how crappy / destroyed / small or the neighbourhood it is in.

I’m not an expert on the matter, nor do I think I could give you an indication of why these prices are advertised for this price. I have a few ideas why this is the case but don’t think I…[Read more]

]]> 4d7035239682739b416aa29310e81413 morpheusbushy replied to the topic Atlanta, Georgia in the forum Thanks Tradeeba for your https://www.propertyinvesting.com/topic/4403739-atlanta-georgia/#post-4648577 Sun, 29 May 2011 13:29:31 +0000 Thanks Tradeeba for your comments on Atlanta and TRR. I’m actually visiting Atlanta for 9 days in July so would appreciate if you could forward any contact details for TRR and Jennifer the independent agent? – i’d love to arrange a meeting with them for when I am over there!

]]> 47d94ad57fcf0a8c8c8b58d43e407deb morpheusbushy replied to the topic Atlanta, Georgia in the forum Overseas Deals https://www.propertyinvesting.com/topic/4403739-atlanta-georgia/#post-4648569 Wed, 25 May 2011 13:39:53 +0000 Moggiee wrote:
Hi M

We visited Atlanta a few months ago to look at the properties we bought and we loved it! I was expecting a city that was a bit “pov” but was amazed at how lovely and highly liveable it was… I could happily live there. I’m sure there must be bad areas but we didn’t see any. There is a real southern hospitality there. We…[Read more]

]]> 0656b87845b3458044d50991e701138f morpheusbushy replied to the topic USA - Where to buy? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4403705-usa-where-to-buy/#post-4648192 Tue, 24 May 2011 10:59:21 +0000 Atlanta, Georgia General Overview State population: 9.7 million Population greater metro area: +6 million Population centre: 5.3 million Counties: Fulton and DeKalb <moderator: I deleted the lengthy article. please use link to access>Please visit http://myusapropertynightmare.wordpress.com/2011/05/24/atlanta-georgia/ for full summary. None of this…[Read more]

]]> cf123b4a1497ca9e2e53a72cdf795222 morpheusbushy replied to the topic USA - Where to buy? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4403705-usa-where-to-buy/#post-4648191 Tue, 24 May 2011 09:26:37 +0000 bennyblanco wrote:
morpheus – Congrats on the blog, I really look forward to reading and signing up to your blog too. Do you know of any other blogs anyone else has done?

Hi Benny, unfortunately there are no specific blogs i’m following at this time, I do check in on a few every now and again but your best bet would be to look on here for…[Read more]

]]> 6b55a270c36d9c725e151865631ce8a3 morpheusbushy replied to the topic USA - Where to buy? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4403705-usa-where-to-buy/#post-4648189 Tue, 24 May 2011 07:14:07 +0000 Thanks for all your comments,

Biggaz13 – once I work on which areas/cities to focus on, I will be looking at neighbourhood specifics. My entry cost is in the lower spectrum so I guess this is something to think about when looking at Dallas/Texas

Speedy – thanks for the heads up, did not realise Texas was a non-disclosure state so will keep an…[Read more]

]]> 111cfa9a3a97e0c580091730effb47cb morpheusbushy replied to the topic USA - Where to buy? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4403705-usa-where-to-buy/#post-4648182 Mon, 23 May 2011 14:01:34 +0000 Dallas, Texas

I’ve started to do a more in depth write up of the cities i’ve listed above. It’s mostly a copy and paste job from various websites – it look a long time to put together but i’m happy to share and hopefully someone will find some use from it.

General Overview

Population centre: 1.2 million
Population greater metro area: 6.5…[Read more]

]]> 37ed70bb10b258245e897ccd985fa8af morpheusbushy replied to the topic USA - Where to buy? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4403705-usa-where-to-buy/#post-4648181 Mon, 23 May 2011 13:54:16 +0000 biggaz13 wrote:
Sounds like your doing some serious due dilligence there. Have you compiled a list of areas to avoid?Sounds like you've examined all the buyers agents as well. Any of them appear to be a little……………..suss (for want of a better word).Personally I'm focusing on Cleveland, Kansas City and Atlanta. The latest 'Your In…[Read more]

]]> 48e0901a06ed98fe314189a6b2884115 morpheusbushy replied to the topic Steve - any chance of getting an iPhone compatible version of pi.com? in the forum Site Problems / Feedback https://www.propertyinvesting.com/topic/4403619-steve-any-chance-of-getting-an-iphone-compatible-version-of-pi-com/#post-4647636 Fri, 20 May 2011 03:38:58 +0000 What's the other forum with the app Jamie?I think it's a great idea too. Another distraction from work ;)

]]> 99ec2ccee2a64b3e4c1a8456f1b8a7b6 morpheusbushy replied to the topic Help with ITIN application in the forum Overseas Deals https://www.propertyinvesting.com/topic/4403595-help-with-itin-application/#post-4647455 Sat, 14 May 2011 11:22:57 +0000 Great, thanks for your help!

]]> 335cacc747155817461a0de0260af269 morpheusbushy replied to the topic Top 10 toughest cities to rent in the U.S. in the forum Overseas Deals https://www.propertyinvesting.com/topic/4403590-top-10-toughest-cities-to-rent-in-the-u-s/#post-4647412 Wed, 11 May 2011 03:11:02 +0000 Good article, thanks for sharing.Where did it mention Kansas City though? The article really does look at metro areas of its cities and to me this doesn't mean outlying suburbs etc.

]]> 051f1e35c0e5f5c265d6bb23c581f186 morpheusbushy replied to the topic Looking for a travel companion to the US to find houses to invest in! in the forum Overseas Deals https://www.propertyinvesting.com/topic/4403103-looking-for-a-travel-companion-to-the-us-to-find-houses-to-invest-in/#post-4643903 Fri, 01 Apr 2011 10:06:00 +0000 Hi Adam, send me an email i’m definitely interested – abarhoush@gmail.com

I’m young & also short on a lot of cash but definitely keen to share resources, contacts, knowledge. I live in Canberra but Sykpe, phone & email works well. I’m also in Sydney & Melb quite often. Look forward to hearing from you or anyone else interested :)

Anthony

]]> 7f914cfa4999f3f93b7b9cc10affe61a morpheusbushy replied to the topic I want to retire in 6 Years, Going to make it happen ;) in the forum Help Needed! https://www.propertyinvesting.com/topic/4403235-i-want-to-retire-in-6-years-going-to-make-it-happen/#post-4644789 Fri, 01 Apr 2011 10:02:19 +0000 Hi Paul,

Is it really important for you to be in Canada? The minimum wage you can be earning in Australia is probably almost double what you are making now (including different currency valuations etc.).

You need more money to start off !!!

Good luck :)

]]> 3702d125defb6d41499901d732077de7 morpheusbushy replied to the topic Selling Obligations in the forum I'm no expert, but there https://www.propertyinvesting.com/topic/4403221-selling-obligations/#post-4644734 Thu, 31 Mar 2011 12:57:20 +0000 I’m no expert, but there should be no obligation if no consideration (i.e. a deposit) has been exchanged? Once a buyer has signed contracts and paid a deposit then you are obligated to sell at the agreed price.

]]> 2de2b5436b70378089e318c3495a2f68 morpheusbushy replied to the topic 0 to130 or 0 to 260+ ? in the forum Heads Up! https://www.propertyinvesting.com/topic/4401686-0-to130-or-0-to-260/#post-4635082 Wed, 03 Nov 2010 12:35:09 +0000 longdd wrote:
I am a little curious here guys. Any of you actually has 100+ rental property? How can you deal with all the tenants? Think about 100+ phone calls for repair and that sort of things, lol.

Isn’t that why you pay property managers?

]]> 7e29f3f83c76a1c692bfcc189fe97b54 morpheusbushy replied to the topic Property Valuation Issue with Banks in the forum General Property https://www.propertyinvesting.com/topic/4401577-property-valuation-issue-with-banks/page/2/#post-4634351 Fri, 22 Oct 2010 10:07:45 +0000 I recently bought a property for $180k and when the NAB loan documents came in I saw they had valued the house at $144k.

I know the area I bought it incredibly well so know that $144k is pretty much definitely an under – valuation. I am just wondering if anyone knows if this could impact on my capacity to borrow in the future?

Cheers

]]> 34bd494ca9478716188ae5e67f9cdf36 morpheusbushy replied to the topic What do people mean by "due diligence" before buying an IP? in the forum Yep you are right! Due https://www.propertyinvesting.com/topic/4401561-what-do-people-mean-by-due-diligence-before-buying-an-ip/#post-4634260 Wed, 20 Oct 2010 06:36:31 +0000 Yep you are right!

Due diligence just refers to doing your research, extensively & as accurately as possible.

]]> 82e88c0dd56dee5162f3a6d76a17ab5d morpheusbushy replied to the topic Excel Spreadsheet in the forum Finance https://www.propertyinvesting.com/topic/4401572-excel-spreadsheet-2/#post-4634304 Wed, 20 Oct 2010 06:09:54 +0000 Yeah I didn’t like that one as much but some of the others that the users had personally created on that thread were very good!

]]> 4c667852bdaa3c1bb9f3a7bcecb6c552 morpheusbushy replied to the topic Excel Spreadsheet in the forum Finance https://www.propertyinvesting.com/topic/4401572-excel-spreadsheet-2/#post-4634301 Wed, 20 Oct 2010 05:22:46 +0000 Thanks Terry if you remember the link let me know!

]]> 2d3cdae9503e03c14a1acbdb752acbc7 morpheusbushy replied to the topic Please recommend me a Book! in the forum Help Needed! https://www.propertyinvesting.com/topic/4401571-please-recommend-me-a-book/#post-4634292 Wed, 20 Oct 2010 04:37:28 +0000 There’s this great book I’ve heard is pretty good, um, I think it’s called ‘From 0 to 130 Properties in 3.5 years’. ;-)

]]> d3d7bb32456f26e6ca009b49ed161195 morpheusbushy replied to the topic Bank Property Valuation in the forum General Property https://www.propertyinvesting.com/topic/4401554-bank-property-valuation/#post-4634238 Tue, 19 Oct 2010 09:18:06 +0000 The $120k is the required insurance amount. I was able to get a figure on the ‘entire valuation’ as the bank said so I am assuming it is just for the house itself and does not include the land!

]]> 5a5131b4aca0bb8d683951a33ee55356 morpheusbushy replied to the topic Introducing myself, and my plans for my Value adding portfolio. in the forum Value Adding https://www.propertyinvesting.com/topic/4401495-introducing-myself-and-my-plans-for-my-value-adding-portfolio/#post-4633998 Thu, 14 Oct 2010 07:07:17 +0000 My only question is to ask where you got $875,000 cash from ?! ;-)

]]> e93fc71481777f5100a561c60e4ea514 morpheusbushy replied to the topic Purchasing property - Trusts - Discretionary vs Hybrid vs Own name in the forum Help Needed! https://www.propertyinvesting.com/topic/4401452-purchasing-property-trusts-discretionary-vs-hybrid-vs-own-name/#post-4633744 Sun, 10 Oct 2010 10:07:54 +0000 I'm also interested in what you have asked so looking forward to getting some feedback!

]]> 37ca40731c7db5ccfabeba116768151a morpheusbushy replied to the topic Redraw for other investment (tax deductability) in the forum Either way, it's always good https://www.propertyinvesting.com/topic/4401447-redraw-for-other-investment-tax-deductability/#post-4633729 Sat, 09 Oct 2010 13:06:54 +0000 Either way, it’s always good to diversify some of your money!

]]> 1f2a3b98e521b1091791c044e5e2ae00 morpheusbushy replied to the topic Tamworth NSW in the forum Help Needed! https://www.propertyinvesting.com/topic/4401401-tamworth-nsw/#post-4633460 Sat, 09 Oct 2010 11:14:51 +0000 Most locals consider West Tamworth and Coledale to be separate. True, Coldedale is technically a part of West Tamworth – though most of West Tamworth (compared to Coledale) has quite a good area & housing affordability.You might also like to consider just over the railway in South Tamworth area. I'm in the process of purchasing a property on C…[Read more]

]]> 59794e8ea7331708463b652e8e36563b morpheusbushy replied to the topic Redraw for other investment (tax deductability) in the forum Finance https://www.propertyinvesting.com/topic/4401447-redraw-for-other-investment-tax-deductability/#post-4633726 Sat, 09 Oct 2010 11:08:29 +0000 I have no idea about the tax, seems pretty complex!  Make sure you know that if you were take $2000 out of your home loan and invest elsewhere (assuming you are paying say 7% interest), then that $2000 would have to MAKE at least 7% just to break even. That's the correct assumption isn't it?Good luck!

]]> 4fb87bb48151d3011a24b51da30a3386 morpheusbushy replied to the topic Investor's club? Tamworth/Armidale/Gunnedah in the forum General Property https://www.propertyinvesting.com/topic/4385483-investors-club-tamwortharmidalegunnedah/#post-4547410 Thu, 07 Oct 2010 01:07:00 +0000 Hi Jono,

I’ve recently bought my first property in Tamworth. I live in Canberra now but Tamworth is my home town and it would be good to meet and network when I come home a few times a year about the local market. PM me if interested.

Cheers,
Anthony

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