PropertyInvesting.com | property_scout | Activity https://www.propertyinvesting.com/members/property_scout/activity/ Activity feed for property_scout. Mon, 06 Apr 2026 16:23:05 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 ef67cb30522797e831a3d534016c5822 property_scout replied to the topic Need a Tax return for 2011 in the forum Hi Northwind, Here are a https://www.propertyinvesting.com/topic/4405535-need-a-tax-return-for-2011/#post-4661421 Sun, 08 Jan 2012 03:09:07 +0000 Hi Northwind,

Here are a couple of contacts. All the best with it

Michelle Wiens Michelle@candsaccounting.com
Todd Campbell Todd@candsaccounting.com

]]> 463ecaaa412e7eb48c9acdb6f33bb34e property_scout replied to the topic Personal Loan to Aid Finance in USA in the forum Overseas Deals https://www.propertyinvesting.com/topic/4405410-personal-loan-to-aid-finance-in-usa/#post-4660419 Sun, 08 Jan 2012 02:59:28 +0000 What about trying to purchase a 50k home with U.S. private money lending at 50% LVR and an 8.5% interest rate?

Eliminates currency risk, bank fees etc. Better interest rate than personal loans in AUS, you can get into a nicer neighbourhood as you wont need to be chasing minimum of 14% Net Return and gives you a little buffer to pay down loan…[Read more]

]]> 49619c8fc6b2e18ed627adce2043ef5b property_scout replied to the topic Hmmm I wonder how MyUSA, HouseBuyersUSA, 21st Century Property, 888 Real Estate get their property? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4404824-hmmm-i-wonder-how-myusa-housebuyersusa-21st-century-property-888-real-estate-get-their-property/page/2/#post-4656515 Sun, 06 Nov 2011 08:34:29 +0000 I love the section 8 program. If your house passes a section 8 inspection, you know you have bought well and the house is in good shape. They are very picky but if your house is rehabbed with certain paint and flooring specifications, vacancy costs can be minimized.

Textured darker colour walls, darker tinted floorboards, dark carpet to name a…[Read more]

]]> f1bd0a05d4ef278e4c7dc8b1d251afee property_scout replied to the topic Atlanta Georgia in the forum Overseas Deals https://www.propertyinvesting.com/topic/4404753-atlanta-georgia-2/#post-4656074 Sun, 06 Nov 2011 08:05:22 +0000 I have spoken to various lenders in Atlanta for foreign finance.

They don’t lend in some of the high mortgage belt areas. A fair bit of the western side they are also very picky with. These guys generally like the north and east of Atlanta as a very general rule. Each case is obviously different but it is better to know these general facts to…[Read more]

]]> 4d8c3742dccfeceb6f4671d8307bb892 property_scout replied to the topic opening a US bank account in the forum Overseas Deals https://www.propertyinvesting.com/topic/4402147-opening-a-us-bank-account/page/2/#post-4637867 Sun, 06 Nov 2011 08:01:23 +0000 Be careful, most banks will charge $10 for every incoming rental payment you receive from the property manager.

Also when you are depositing some AUD into your US bank account, most banks charge up to $40 for incoming wire transfers

]]> ec5fb0c58a040adbefd018dceccbc957 property_scout replied to the topic Any Aussies managed to get US private money finance? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4404891-any-aussies-managed-to-get-us-private-money-finance/#post-4656922 Mon, 17 Oct 2011 06:28:26 +0000 insurance $450
Property tax $400 (these are on average my numbers I have paid for my houses)
Management $900
Maintenance factored in of $300

= $2,050

Which means the properties around the 50k mark will rent for around $920-950/month

Very achievable in my experience

Havnt factored in vacancy and usually factor in around 10%

Paying off these…[Read more]

]]> ba4190625679423706d81d8c2ecee763 property_scout replied to the topic Any Aussies managed to get US private money finance? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4404891-any-aussies-managed-to-get-us-private-money-finance/#post-4656920 Mon, 17 Oct 2011 03:34:05 +0000 Jay,

The key to this is making sure you get your net return a lot higher than your interest rate. So this loan structure works in cities like Kansas city where returns are a little higher, but wouldn’t work as well in Phoenix because as you have pointed out, you would have negative cash-flow. It’s a numbers game and here’s my example below for a…[Read more]

]]> d14efdcaf8e78cbe70fbafcf180fcf91 property_scout replied to the topic Any Aussies managed to get US private money finance? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4404891-any-aussies-managed-to-get-us-private-money-finance/#post-4656917 Sun, 16 Oct 2011 05:02:02 +0000 These loans are based on purchase price and all the fees can be blanketed into the loan so there is less down payment required.

Do your own numbers, but these figures suggest you could pay off your debt within around 7 years if your net return is a good distance spread from the interest rate

]]> 2277baa2d767e044dd9757e7c9e7651a property_scout replied to the topic Any Aussies managed to get US private money finance? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4404891-any-aussies-managed-to-get-us-private-money-finance/#post-4656916 Sun, 16 Oct 2011 05:00:12 +0000 Here are details of the loans we have completed:

Atlanta, Phoenix, Kansas City, St Louis

50% Loan
9.5% Interest Rate
5 year term

Or

I have been notified of another product and this product is from an institutional lending fund

Phoenix property only

50% loan
5.99% interest rate
7 year term

]]> 1e7c86777b109570dbf90ee642e134a8 property_scout replied to the topic Hmmm I wonder how MyUSA, HouseBuyersUSA, 21st Century Property, 888 Real Estate get their property? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4404824-hmmm-i-wonder-how-myusa-housebuyersusa-21st-century-property-888-real-estate-get-their-property/page/2/#post-4656513 Tue, 04 Oct 2011 10:18:51 +0000 I understand where you are coming from dj_ajay and I dont mean to knock 888 at all. I just want people to save money where they can. I just went on that website and I have been offered some of those properties to buy through american real estate investments for prices consistently 3-5k lower after 888 add their fees on top. 888 look like they do a…[Read more]

]]> 4057f099d4013f3a35af29e87d771777 property_scout replied to the topic Hmmm I wonder how MyUSA, HouseBuyersUSA, 21st Century Property, 888 Real Estate get their property? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4404824-hmmm-i-wonder-how-myusa-housebuyersusa-21st-century-property-888-real-estate-get-their-property/page/2/#post-4656509 Sun, 02 Oct 2011 06:33:04 +0000 Hi Jay,

Agree with some of your points. The benefit of buying turnkey compared to “pre rehab & pre tenant” property is that running costs are real and active before you purchase. The numbers you cant really forecast are vacancy and maintenance and this always needs to be factored in.

The guys at AmericanRealEstateInvestments advise to allow 10%…[Read more]

]]> 63fe5c31dd2f9c7244d1dfb64a52449f property_scout replied to the topic Hmmm I wonder how MyUSA, HouseBuyersUSA, 21st Century Property, 888 Real Estate get their property? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4404824-hmmm-i-wonder-how-myusa-housebuyersusa-21st-century-property-888-real-estate-get-their-property/#post-4656503 Thu, 29 Sep 2011 01:17:10 +0000 Nigel, you didn’t answer my question:

Please elaborate on the fees you charge before a person even gets to see a property available for sale through you?

]]> a546562a73e9de44c7bf21608215395d property_scout replied to the topic Hmmm I wonder how MyUSA, HouseBuyersUSA, 21st Century Property, 888 Real Estate get their property? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4404824-hmmm-i-wonder-how-myusa-housebuyersusa-21st-century-property-888-real-estate-get-their-property/#post-4656501 Wed, 28 Sep 2011 23:55:42 +0000 Biggaz,

I completely empathize about your experience with MY USA. It is not the first bad press I have read about them. And makes me even more sick that MY USA have now rebranded?!??

That is a similar way how I came across americanrealestateinvestments.com

I saw an Australian broker advertise a property in KC and when doing my due diligence I…[Read more]

]]> acbfabb46d0b46e7cad79a4efa856016 property_scout replied to the topic Hmmm I wonder how MyUSA, HouseBuyersUSA, 21st Century Property, 888 Real Estate get their property? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4404824-hmmm-i-wonder-how-myusa-housebuyersusa-21st-century-property-888-real-estate-get-their-property/#post-4656496 Wed, 28 Sep 2011 03:05:58 +0000 I have never had to pay letting fees… Check that with your property manager.. Try and negotiate for future deals

I allow 10% per year vacancy. In Kansas City it will generally take now more than 2-4 weeks max to get a new tenant in

I allow around $300 for maintenance.

When you look at the numbers advertised make sure you input it all into…[Read more]

]]> cdc80a0c6573b3a53fab773ada5a81d2 property_scout replied to the topic soooo Who here ownes property in USA ? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4404716-soooo-who-here-ownes-property-in-usa/page/2/#post-4655758 Wed, 28 Sep 2011 00:27:26 +0000 Hi Biggaz,

I apologize about labeling time poor and lazy people in the same category. As you can understand I meant to say time poor or lazy. I am time poor as well but when it comes to improving the bottom line I will try to dedicate as much time as possible.

I think using an agent for the first home if you are either of the above is a great…[Read more]

]]> 6065ce3ceec1ae93bf90e5c952cd5f40 property_scout replied to the topic Hmmm I wonder how MyUSA, HouseBuyersUSA, 21st Century Property, 888 Real Estate get their property? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4404824-hmmm-i-wonder-how-myusa-housebuyersusa-21st-century-property-888-real-estate-get-their-property/#post-4656493 Wed, 28 Sep 2011 00:07:30 +0000 For all you guys coming on here and promoting why people should still use you as an agent and if you don’t it is very ‘dangerous’ ……

Well I am sure there are some good Australian agents out there, but, being an Australian agent means one thing: you are not going to work for free and your fee will come at a cost.

Now consider the fact that…[Read more]

]]> a30d8fcb428c9ddbe103af4c17335613 property_scout replied to the topic soooo Who here ownes property in USA ? in the forum In general I have bought in https://www.propertyinvesting.com/topic/4404716-soooo-who-here-ownes-property-in-usa/page/2/#post-4655753 Tue, 27 Sep 2011 05:39:05 +0000 In general I have bought in pockets between south of 39th and Nth of 80th in Kansas City

Also parts of Ruskin, Raytown, Marlborough to name a few.

If you start going south of 80th you get into more ranch type property, with larger blocks. Can pick up some great cash flow property down that way.

Some nice solid suburbs within 2miles of UMKC also…[Read more]

]]> 0c41cd8b526b1eb7618334d762c7d4d6 property_scout replied to the topic soooo Who here ownes property in USA ? in the forum Hi Rick, I have quite a few https://www.propertyinvesting.com/topic/4404716-soooo-who-here-ownes-property-in-usa/page/2/#post-4655751 Tue, 27 Sep 2011 01:31:57 +0000 Hi Rick,

I have quite a few properties in Phoenix and Kansas City. All have cash flowed from day one and I haven’t had one issue and my only annoyance was the title companies aren’t very good at communicating and I had to email through to make sure settlement had occurred on a couple of the properties.

I first entered the market a couple fo…[Read more]

]]> fe23600c9e7325daffa20015fbd5f0e8 property_scout replied to the topic How to Register an LLC & EIN and save $$$ compared to AUS buyer agents in the forum Overseas Deals https://www.propertyinvesting.com/topic/4403884-how-to-register-an-llc-ein-and-save-compared-to-aus-buyer-agents/#post-4649452 Sat, 02 Jul 2011 07:45:10 +0000 Great info on the ITIN guys!

Bennyblanco – I had a Wells Fargo account set up when I was over in the US a few years ago, and it was in my personal name. All that was required for ID purposes was a passport and a credit/debit card.

I kept a good relationship with the guy who set my account up and once our LLCs had been set up, I then just emailed…[Read more]

]]> f4d3b4d64c8eded6e23bbd99f1493d55 property_scout replied to the topic How to Register an LLC & EIN and save $$$ compared to AUS buyer agents in the forum Overseas Deals https://www.propertyinvesting.com/topic/4403884-how-to-register-an-llc-ein-and-save-compared-to-aus-buyer-agents/#post-4649446 Mon, 27 Jun 2011 07:48:10 +0000 DHCP,try this link: http://www.sos.mo.gov/BusinessEntity/BusinessEntitiesOnline/help/mo/notice.aspxFor some reason that Missouri State Government website was down on my computer as wellLet me know if the above link doesn't work

]]> 8aa5e0d3418034bb08fb80c44a409bb3 property_scout replied to the topic How to Register an LLC & EIN and save $$$ compared to AUS buyer agents in the forum Overseas Deals https://www.propertyinvesting.com/topic/4403884-how-to-register-an-llc-ein-and-save-compared-to-aus-buyer-agents/#post-4649443 Fri, 24 Jun 2011 06:24:59 +0000 Biggaz13,The LLC structure is totally individual, depending on how many houses you purchase and how you want to protect yourself. (Speak to your accountant about this) In regards to the ITIN question, I was under the impression that an ITIN is still required in order for individuals to complete a US tax return every year. I will be visiting the US…[Read more]

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