PropertyInvesting.com | petejac1 | Activity https://www.propertyinvesting.com/members/petejac1/activity/ Activity feed for petejac1. Fri, 17 Apr 2026 08:31:38 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 f974af6f427a6acb9c622f5eb8c8eb6f petejac1 replied to the topic Cash Flow Mining Towns in the forum General Property https://www.propertyinvesting.com/topic/4405508-cash-flow-mining-towns/#post-4661230 Sat, 31 Dec 2011 13:26:18 +0000 Gladstone has had its boom, once the construction is done the work force is gone. I have been investing in solid mining towns for nearly a decade including Emerald, Mt Isa, Blackwater, Dysart and Moronbah.

Capital Gains have always been there plus the great cash flow. People who say there isn’t any Capital Gains are the ones too scared to go…[Read more]

]]> 4463c4399976a72ae314ff7936f8d581 petejac1 replied to the topic Lee County Tax Lien in the forum Overseas Deals https://www.propertyinvesting.com/topic/4404274-lee-county-tax-lien/#post-4652672 Thu, 10 Nov 2011 03:18:21 +0000 UnitedGenerally counties have a Lien Auction once year for any unpaid taxes for the previous years.  So no new ones come up.  I have had some success at purchasing liens on Mobile Homes.  I don't mind MH from a risk point as I own one in Florida as well.Real Auction is a good place to start, however they don't look after every county in the US, ho…[Read more]

]]> 6b03f5bdfaf166b2fa89275dc5184aba petejac1 replied to the topic The Foreclosure Pipeline in New York is a staggering 57 years, New Jersey 51 years!!! in the forum Overseas Deals https://www.propertyinvesting.com/topic/4404722-the-foreclosure-pipeline-in-new-york-is-a-staggering-57-years-new-jersey-51-years/#post-4655938 Fri, 16 Sep 2011 01:12:29 +0000 Well I’m still getting a gross rental return of up to 40%, so who cares!

Remember you are doing this for Cash Flow, any capital appreciation in the next 10 years is a bonus.

]]> b6a550f740d90dac56be4637bb677850 petejac1 replied to the topic Take advantage of a Family business presence in Fort Worth... or better off going to Florida Fort Myers? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4404639-take-advantage-of-a-family-business-presence-in-fort-worth-or-better-off-going-to-florida-fort-myers/#post-4655283 Tue, 06 Sep 2011 19:39:39 +0000 In regards to the comment about Fort Myers and too many foreign buyers. There are heaps of foreign and local buyers everywhere in the US. We obviously hear a lot about FM if you follow Steve and Tommy, but they aren’t the only ones. I don’t know much about Fort Worth but I am sure it’s exactly the same. You just have to Google the info and you…[Read more]

]]> 511a18d56197b452f91767fb3f2d7b12 petejac1 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-4654282 Thu, 25 Aug 2011 06:02:50 +0000 I love the comments from Nigal and Jay, because it seems they offer similar services, ofcourse your going to be pro Buyers Agents.All I am saying is if you are a Lazy Investor they are perfect.  But if you want to save yourself $10,000 get over there.

]]> 25ace3c2cf34e80a8c551bbdb221ca24 petejac1 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-4654278 Wed, 24 Aug 2011 12:50:08 +0000 Just went to their seminar.  They basically prey on the lazing investor.  Easy talking, everything they say is correct from a point of issues in investing in the states.  But with a small amount of research one of the properties they were selling for $60,000, they had bought for $20,000, probably spent $5-$10k on rehab.  Yes they probably bou…[Read more]

]]> 69214537591b2b4c64e861ead62c878c petejac1 replied to the topic If your looking at Florida or California better take a look in the forum Overseas Deals https://www.propertyinvesting.com/topic/4404436-if-your-looking-at-florida-or-california-better-take-a-look/#post-4653797 Fri, 12 Aug 2011 11:52:35 +0000 Oh no my $25,000 house will go down by 10% a whopping $2,500!!!But hey I am still receiving a gross rental of 31%, people still need to live somewhere.We are doing this for the long term, repeat after me, Long Term.But I tell you what while you all sit on your hands and worry about the sky falling, I will get off my bum and get over there and buy…[Read more]

]]> 53acc5fd6630ec46490d93d0399b7a6e petejac1 replied to the topic HSBC or Citibank in the forum Overseas Deals https://www.propertyinvesting.com/topic/4403284-hsbc-or-citibank/page/2/#post-4645429 Tue, 09 Aug 2011 13:02:57 +0000 You don't need a SSN.  As I have set up an LLC for "Asset Protection" they class this as a Business Bank Account and I am doing Direct Pay.  You have to be careful there is Direct Pay and then there is Bill Pay.

]]> 6ef1c9f986ddfdde57dcbb0189c16e80 petejac1 replied to the topic HSBC or Citibank in the forum Overseas Deals https://www.propertyinvesting.com/topic/hsbc-or-citibank/#post-4645424 Sun, 31 Jul 2011 11:04:01 +0000 In regards to the Wires with Wells Fargo/Wachovia, WF has a system called Direct Pay which seems to be cheaper then Wiring and easier, check out their website.

]]> 81f9929367818536e597767d9e2efe3d petejac1 replied to the topic Lee County Tax Lien in the forum Overseas Deals https://www.propertyinvesting.com/topic/4404274-lee-county-tax-lien/#post-4652669 Fri, 29 Jul 2011 10:43:15 +0000 Jay this forum was started for general info on Lee County Over The Counter not the pros and cons of Tax Lien investing, if you have a point to be made start your own Topic.

Spierreyoung have a look at Real Auction to have a look at other Counties that have OTC Liens available. Another option is to look at Mobile Homes in Lee County. Also…[Read more]

]]> 80ead0dad750b8f67dd461837e8b3540 petejac1 replied to the topic Lee County Tax Lien in the forum Overseas Deals https://www.propertyinvesting.com/topic/4404274-lee-county-tax-lien/#post-4652665 Wed, 27 Jul 2011 11:57:53 +0000 This is why you do your research and due diligence on the liens you purchase. Have a look at Tommy Senatore’s Tax Lien Video. Spierreyoung I have been investing in liens in many counties, if you would like a more realistic opinion message me.

]]> 47b47a502f37b0e2b5dced16a1756e2d petejac1 replied to the topic Lee County Tax Lien in the forum Overseas Deals https://www.propertyinvesting.com/topic/4404274-lee-county-tax-lien/#post-4652663 Mon, 25 Jul 2011 17:36:06 +0000 Anyway, it does appear this year to be not as many Over the Counter ones available however there are plenty available in other Counties around Florida, start researching.  Most states aren't as User Friendly as Lee, but they are out there.

]]> 2619ddb33ce43fdbe476e08b0de44e2d petejac1 replied to the topic Anyone planning on going to the US Mastermind Training? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4403193-anyone-planning-on-going-to-the-us-mastermind-training/#post-4644532 Mon, 27 Jun 2011 04:12:58 +0000 As everything here in Oz goes through my existing Trusts for tax and Protection purposes instead of it going directly to me.

]]> f85b016ef3492e2573f4dc85e7747625 petejac1 replied to the topic Anyone planning on going to the US Mastermind Training? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4403193-anyone-planning-on-going-to-the-us-mastermind-training/#post-4644528 Fri, 24 Jun 2011 11:09:48 +0000 Just me personally, in hindsight I should have set it up with the single member being my Discretionary trust here, but ultimately it is all coming back to me anyway. As it took nearly 8 months to get my ITIN I just wanted something set up over there to get started. You set an LLC in the States for the Protection so I felt I didn’t then need the…[Read more]

]]> 5f47b654a05b85cc85d143675057b9bd petejac1 replied to the topic Anyone planning on going to the US Mastermind Training? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4403193-anyone-planning-on-going-to-the-us-mastermind-training/#post-4644526 Thu, 23 Jun 2011 09:25:37 +0000 Cam, like a lot of people I know I have just set up a single member LLC.  I have heard some talk about C Corps but have also heard that you will in the long run pay a lot more tax.

]]> 17df30479ef8be65d4c88cc0879daaf1 petejac1 replied to the topic Anyone planning on going to the US Mastermind Training? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4403193-anyone-planning-on-going-to-the-us-mastermind-training/#post-4644523 Wed, 22 Jun 2011 11:13:40 +0000 Sorry Dwight me again,The 6 days are taken up by getting an understanding of the process because even though most things are the same, there are a lot of different requirements and cost, first 2 days are meeting contacts and understanding process of researching the areas, the next 2 days were out and about Fort Myers and Cape Coral plus looked at…[Read more]

]]> 6ebc4eb90caca74766519a178e319889 petejac1 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-4648851 Tue, 14 Jun 2011 11:09:57 +0000 Adrianqld, I am investing in the US and I am not getting paid a cent from anyone, maybe I should ask but!I recently attended Tommy Senatore's Mastermind Course and it was worth every cent.  I went out the week after the course and picked up 3 properties.  Since being back I am organizing complete reno's on 2 of them and because I met the team I h…[Read more]

]]> 3321296360199b0ed73285611e827314 petejac1 replied to the topic Anyone planning on going to the US Mastermind Training? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4403193-anyone-planning-on-going-to-the-us-mastermind-training/#post-4644520 Tue, 14 Jun 2011 11:01:49 +0000 The six days were great, first thing I will say, I am not getting paid from Tommy Senatore for anything I say!Mastermind was definitely worth every cent.  The way I looked at it was that it has taken me 10 years in Australia to build a multi property portfolio, but I want to do the same in the US but within 6 months. It is the small details that…[Read more]

]]> a967a70a251ddb34f218d70e9ef43978 petejac1 replied to the topic USA - Where to buy? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4403705-usa-where-to-buy/#post-4648186 Tue, 24 May 2011 01:01:41 +0000 It's a big call to say Dallas is the place to be, you are aware how big the US is?Morpheusbushy, I felt exactly the same way.  I recently completed TLD International's Mastermind training in Florida and I now have a greater understanding of the whole buying process in Florida if not the states, as every state is slightly different.  While over t…[Read more]

]]> ad1fcabe98e478760cf049277837d269 petejac1 replied to the topic Anyone planning on going to the US Mastermind Training? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4403193-anyone-planning-on-going-to-the-us-mastermind-training/#post-4644518 Mon, 23 May 2011 04:36:18 +0000 I applied for the ITIN via Tommy Senatore's course in Mel last year.  Tommy is going to be in Sydney for the Mega Conference so maybe contact TLD International in Fort Myers, +61 1 239 541 1517, they can send you a form to fill in so Tommy can notorise your documents. I think TLD are also notorising via Skype? just ask for Janel.  TLD also has a…[Read more]

]]> 4055e915d13bc32348d8fd2873f64ddd petejac1 replied to the topic Anyone planning on going to the US Mastermind Training? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4403193-anyone-planning-on-going-to-the-us-mastermind-training/#post-4644516 Fri, 06 May 2011 13:01:05 +0000 I leave in 2 days to attend the Mastermind in May.  I would highly recommend having as much done way ahead of attending.  The timetable looks very tight so you need all your spare time organising deals and researching rather then setting up details.  The first part is getting your ITIN as it takes the longest. Unfortunately mine took 7 months to…[Read more]

]]> 5e14140a4dce1c5f53e7b00b379fd2a0 petejac1 replied to the topic Tax Liens/Tips/Resources/SMSF in the forum Overseas Deals https://www.propertyinvesting.com/topic/4403456-tax-lienstipsresourcessmsf/#post-4646682 Fri, 29 Apr 2011 11:09:51 +0000 My advice would be to look at some of Tommy's stuff online and if you are in Sydney go to the Mega Conference as I am sure he will offer another course on the subject.Ultimately a SMSF can invest in anything as long as the documents as part of the SMSF states this.

]]> 47ba18bab1d6b05b297c304bab742cb7 petejac1 replied to the topic Financing for investment properties non-US foreign investor. in the forum Overseas Deals https://www.propertyinvesting.com/topic/4402735-financing-for-investment-properties-non-us-foreign-investor/page/2/#post-4641574 Mon, 28 Mar 2011 13:37:38 +0000 Simon, back to your original question,  I was talking to a Canadian friend who obviously had Canadian Accounts, went to the US to a NHL game who were offering a NHL Credit Card.  As he had a Canadian Account and NHL is big in Canada they gave him a US Credit Card.  Just a thought good luck!

]]> ad43d6e83b7041ced192fe9f342ebddc petejac1 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-4643892 Mon, 21 Mar 2011 13:02:27 +0000 Adam send us an email on petejac1@tpg.com.au

]]> c6dfc197527a9925e473bbfeb249fba4 petejac1 replied to the topic Tax deed sales in the forum Overseas Deals https://www.propertyinvesting.com/topic/4403062-tax-deed-sales/#post-4643703 Wed, 16 Mar 2011 09:30:08 +0000 As per Steve's comments in '09 this whole experience of Liens and Deeds is fairly new for us Aussies.  And as time goes on Steve and Tommy are finding a medium ground with the least amount of risk to inform us.Yes Deeds sound appealing but I can see their point as these houses are being sold against the owners wishers hence the great chance that…[Read more]

]]> c5ff08ecd577b16de43a18bc3df1ffee petejac1 replied to the topic Tax Lien Stories - how is everyone going with these? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4402079-tax-lien-stories-how-is-everyone-going-with-these/page/2/#post-4637448 Wed, 09 Mar 2011 14:07:59 +0000 Jay I find your comments amazing, do you realise what forum and website you are talking on?I have been following Steve McKnight for at least 5-6 years and followed his different investment strategies for most of this time.  In regards to investing in Liens I know that he is directly investing his money into these liens as when I do my research on…[Read more]

]]> b926fb25d685467b56b15c9bcd5480f8 petejac1 replied to the topic Tax Lien Stories - how is everyone going with these? in the forum More of an update and also https://www.propertyinvesting.com/topic/4402079-tax-lien-stories-how-is-everyone-going-with-these/page/2/#post-4637445 Wed, 09 Mar 2011 03:12:43 +0000 More of an update and also something I learnt from the Arizona Tax Sales.I had 4 Liens redeem in Arizona and received the cheques today, 2 of these actually cost me $10 in fees as they redeemed straight away, 1 I received $0.60, another $3, and 2 again cost me $10 each.Look like I prefer Florida for the min of 5%

]]> d670f0b6c61ab07a92cd7ea0d7b21f53 petejac1 replied to the topic Tax Lien Stories - how is everyone going with these? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4402079-tax-lien-stories-how-is-everyone-going-with-these/#post-4637436 Sun, 06 Mar 2011 12:36:49 +0000 We had 8 properties and got to a point where banks weren't liking us anymore, so wanted to look at other ways to go forward.  Our revelation at the Mel Conference was the point of when to sell a property and look across our properties and made the decision to sell as many as possible as we felt that we had already received the full benefit from…[Read more]

]]> 913b7ce22552497d57b084fbad119097 petejac1 replied to the topic Tax Lien Stories - how is everyone going with these? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4402079-tax-lien-stories-how-is-everyone-going-with-these/#post-4637434 Sat, 05 Mar 2011 13:34:02 +0000 Thought I would share my experience in Tax Lien investing.After attending PI conference in Mel, we made a plan to reassess our investing strategy and liked the sound of the US and Lien investing. I then attended Tommy's course in Mel.Finally received my ITIN in Dec and set up the LLC and Bank account with Fifth Third Bank through Tommy.Throughout…[Read more]

]]> 3280f995398be0841199b6044f6b8619 petejac1 replied to the topic 2 Day Tax Lien Workshop in the forum Overseas Deals https://www.propertyinvesting.com/topic/4400096-2-day-tax-lien-workshop/page/2/#post-4625306 Wed, 18 Aug 2010 04:47:57 +0000 The IRS has a Phone Line that you can call to check the status of an Application.  I called them maybe 2 weeks ago, and they said they don't even have it lodged yet.  When I told her that it was probably lodged in June, she just laughed and said it can take 12 weeks, to be processed.

]]> 2f2bbdafe42c5e126de1a4a3a313be64 petejac1 replied to the topic 2 Day Tax Lien Workshop in the forum Haven't received ITIN yet, https://www.propertyinvesting.com/topic/4400096-2-day-tax-lien-workshop/page/2/#post-4625302 Mon, 02 Aug 2010 05:21:05 +0000 Haven't received ITIN yet, can't wait to get it.Steve, if you are reading this I hope you can reply.  I notice that one of your Tax Lien's has gone to Tax Deed Application.  Just wondering how well it worked up to now? Did Ocean Glass contact you directly?Was their payment of your tax lien prompt?

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