PropertyInvesting.com | quickchick | Activity https://www.propertyinvesting.com/members/quickchick/activity/ Activity feed for quickchick. Sat, 11 Apr 2026 23:19:27 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 a5912459d6160e7027b43c7d7672f799 quickchick replied to the topic Newbie question - which US bank to open an account with? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4406183-newbie-question-which-us-bank-to-open-an-account-with/page/3/#post-4666281 Mon, 02 Jul 2012 18:46:26 +0000 “I do recommend Bank of America if you are building your credit, by getting their get their secured credit card. After about 6 months you should be able to get an unsecured card and then close your account.”
We were told a similar thing.

If any Aussie has succeeded in getting an unsecured credit card in the US within the last couple of years, we…[Read more]

]]> 7213d9ebae455689c77dbe0e74eb35ab quickchick replied to the topic Just returned from the USA - My Report in the forum Hi Jay, We agree, DIY is https://www.propertyinvesting.com/topic/4406471-just-returned-from-the-usa-my-report/page/2/#post-4668752 Mon, 25 Jun 2012 02:50:03 +0000 Hi Jay,We agree, DIY is exhausting and slow, the time lag negates some (or all) of the profits as compared to good tradies and labourers who may cost a bit more, (but way less than comparables in Aus!) and get the job done more efficiently.Plus, we need to use local workers to comply with our visa.Plus, to rehab without a registered contractor…[Read more]

]]> 9d1c587070b262e62e0cd5562b7911e7 quickchick replied to the topic Just returned from the USA - My Report in the forum I'm not your client yet, https://www.propertyinvesting.com/topic/4406471-just-returned-from-the-usa-my-report/page/2/#post-4668750 Mon, 25 Jun 2012 02:39:30 +0000 I'm not your client yet, Jay!But thanks, will look at your hardware deals!

]]> 617ca76033e6af2b6ed86e69a358a7e0 quickchick replied to the topic Just returned from the USA - My Report in the forum Overseas Deals https://www.propertyinvesting.com/topic/4406471-just-returned-from-the-usa-my-report/page/2/#post-4668748 Mon, 25 Jun 2012 01:30:10 +0000 Hi Manna, thanks, website should be fixed now.Hi Jay,Yes, your comments are not far from reflective of the current market in Phoenix.Except the one in three profit from rehabs! Much better than that! That is where our own experience in property, combined with our local contacts with long-standing hands-on knowledge in the Phoenix market are a b…[Read more]

]]> 745215fbd155495e56012f7b74458fdd quickchick replied to the topic Just returned from the USA - My Report in the forum Hi Jay, A fair enough https://www.propertyinvesting.com/topic/4406471-just-returned-from-the-usa-my-report/page/2/#post-4668745 Wed, 20 Jun 2012 16:38:44 +0000 Hi Jay,A fair enough question.We are managing fix and flips, mostly through joint venturing with our clients.That way, we have a vested interest in their investing success.Can I point out, the end buyer is the public, generally a home buyer. We are NOT selling rehabbed houses at inflated prices to unsuspecting Aussie investors who think they ar…[Read more]

]]> 56cdec3653899d4d1347dd6c7381aebd quickchick replied to the topic Homeowners insurance for Australians in US in the forum Overseas Deals https://www.propertyinvesting.com/topic/4406667-homeowners-insurance-for-australians-in-us/#post-4670508 Mon, 28 May 2012 00:51:33 +0000 We have insured empty houses with American Modern, from Aus at the time.They were empty due to being rehabbed, and we paid a premium also.Have not been rejected by an insurance company, when trying to insure from Aus.Ruthpropertyinvestingusa.com

]]> f507cda9ddd6c13b8b77a1f6e4febb7e quickchick replied to the topic XEtrade - tranferring funds from US in the forum Overseas Deals https://www.propertyinvesting.com/topic/4406691-xetrade-tranferring-funds-from-us/#post-4670673 Sun, 27 May 2012 22:15:12 +0000 We have transferred money from Aus to USA via OZForex, straight into our Wells Fargo account.Took 2 days.I'm sure OzForex can do it in reverse.If you call OzForex, they'll tell you if they can't send money from USA back to Aus.Ruthpropertyinvestingusa.com

]]> 2e1928867e9c090979c6f1bd63644d66 quickchick replied to the topic self managing in the USA in the forum Overseas Deals https://www.propertyinvesting.com/topic/4406529-self-managing-in-the-usa/page/4/#post-4669375 Thu, 10 May 2012 15:53:11 +0000 It's true, not many Americans know what an ITIN is, but in many cases we have been able to use our ITIN and that has worked. But not in borrowing from any bank.Mihovi, thanks for sharing. You seem to have hit about the same wall, apparently because you don't live in USA, even though you have had a credit history here in the past. But they are not…[Read more]

]]> 7afc42f39cfc91421bb6aeff323672ba quickchick replied to the topic self managing in the USA in the forum Overseas Deals https://www.propertyinvesting.com/topic/4406529-self-managing-in-the-usa/page/4/#post-4669369 Thu, 10 May 2012 05:25:10 +0000 Interesting, sjs….

It is our current experience that, having a 16 month banking history including their ‘secured’ credit cards, even ‘our’ bank will not lend to us on our ITIN. We can’t even apply for a real credit card without a #SSN, which is not the initial info we were given.
We can’t borrow to buy a vehicle (purpose: to borrow to build…[Read more]

]]> ba1b71c8ab2027f65aba56a2e605e745 quickchick replied to the topic self managing in the USA in the forum Overseas Deals https://www.propertyinvesting.com/topic/4406529-self-managing-in-the-usa/page/3/#post-4669366 Thu, 10 May 2012 04:36:26 +0000 Thanks for the clarification of notary at point of law, lawsjs.
Complex!

True, you don’t need a #SSN to open a US bank account.
But post what we Aussies called the GFC, I don’t know if any Aussie investor has borrowed from a US bank without a #SSN.

So as a pre-GFC known borrower, you personally are still able to borrow in US (I presume) without…[Read more]

]]> 5c92da06eddfe53d5b12bb5ac6659eec quickchick replied to the topic self managing in the USA in the forum Overseas Deals https://www.propertyinvesting.com/topic/4406529-self-managing-in-the-usa/page/3/#post-4669361 Thu, 10 May 2012 03:49:11 +0000 From our experiences of selling US property while living in Aus,

A US notary is easily located by going to the website notarypublic.com.au
You just put in your location, and the closest notaries to you will come up.
Most notaries in Aus are solicitors.

You do not need to go to a US Embassy.

But you will need to pay, $50-100 per document is…[Read more]

]]> 65b44bf6297c1ab78745d305da7d2803 quickchick replied to the topic Newbie question - which US bank to open an account with? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4406183-newbie-question-which-us-bank-to-open-an-account-with/page/3/#post-4666272 Wed, 09 May 2012 18:05:48 +0000 We have found the above info to be true,Namely that you do have to be in the States to set up a bank account. unless you have very big contacts there.I think it has to be a notary who will personally vouch for you, ie has met you in person and will I.D. you in Aus with your Aussie passport.You certainly need a real US address (not a post office…[Read more]

]]> 9b3ab3cb7ea6136d3b8f8e1c1cdd8ec7 quickchick replied to the topic self managing in the USA in the forum Overseas Deals https://www.propertyinvesting.com/topic/4406529-self-managing-in-the-usa/page/3/#post-4669351 Wed, 09 May 2012 16:55:14 +0000 Hi Debra,We have E2 visas and are from Sydney, now in Phoenix AZ.The E2 visa requirement is not just about you investing at least $100,000 in USA.It is about having a company that will be viable and actually employs people (must be legal US residents other than you and your partner, if applicable. And also, about renting commercial space to run…[Read more]

]]> a9d34fe09027dba518470f8ce4e4dee4 quickchick replied to the topic Just returned from the USA - My Report in the forum A few quick facts to https://www.propertyinvesting.com/topic/4406471-just-returned-from-the-usa-my-report/#post-4668727 Wed, 02 May 2012 15:46:44 +0000 A few quick facts to straighten your misconceptions,Neither house was a mobile home.Fix and flips takes a lot of specific expertise and most realtors don't have the skills to pick a fix and flip. Their training is in selling houses, not picking rehab deals. A realtor in general, of course wants to sell houses and Aussie investors should beware of…[Read more]

]]> 5cbbefe9366cd039c67323363a7c7adc quickchick replied to the topic Just returned from the USA - My Report in the forum Overseas Deals https://www.propertyinvesting.com/topic/4406471-just-returned-from-the-usa-my-report/#post-4668725 Wed, 02 May 2012 03:01:07 +0000 Well, lawsjs,I'm not sure whether to defend ourselves or not even bother.Anonymous people with a largely unknown track record, apart from what they have chosen to disclose online, are ok to throw mud at people they do not know.And people like us who have and are, putting a lot of time and effort into specialising in a new investing area in addi…[Read more]

]]> 43db7b962ce0925d5a252aa9266b0bf6 quickchick replied to the topic Andrew Allan and My USA Property in the forum Overseas Deals https://www.propertyinvesting.com/topic/4406465-andrew-allan-and-my-usa-property/#post-4668610 Tue, 01 May 2012 02:56:03 +0000 Gosh, Gavin.We were sent the report by a concerned family member.Sorry to hear of your dramas.So many shonks out there.We are trying to give investors a US investing alternative with integrity, rather than charge a huge up front fee, and just sell something we marked up 40% plus, above its real value.How do those people sleep at night!!Ruth…[Read more]

]]> 9e03b1e840ded32706186e3a3ed30e93 quickchick replied to the topic Just returned from the USA - My Report in the forum Overseas Deals https://www.propertyinvesting.com/topic/4406471-just-returned-from-the-usa-my-report/#post-4668721 Tue, 01 May 2012 02:47:56 +0000 No capital gains tax in USA.Re selling problems?We've sold 2 rehabbed houses in the past year, and done a IRS tax return after the first.If you have a house in an area people want to live, in reasonable condition, it should sell at a reasonable price.But sometimes buying off the net, its hard to realise the area could be one no-one chooses to l…[Read more]

]]> 125c0fa74eee55a7465aa86f7dba72ad quickchick replied to the topic Just returned from the USA - My Report in the forum Overseas Deals https://www.propertyinvesting.com/topic/4406471-just-returned-from-the-usa-my-report/#post-4668715 Mon, 30 Apr 2012 16:07:50 +0000 Hey Steve,We agree with lots of your comments.We have been in Phoenix for 11 days this time, and about 3 weeks (on 3 different trips) last year.To invest in USA as an Aussie without having a very good knowledge of the specific area you are investing in, is pretty risky.And investing in the hope of capital growth, which may pay off, is sp…[Read more]

]]> 255157f84d24ddbddc934da608e9a70e quickchick replied to the topic Answers to "Where to Find CF+ Deals" in the forum Help Needed! https://www.propertyinvesting.com/topic/4384472-answers-to-where-to-find-cf-deals/page/23/#post-4542304 Fri, 06 Jan 2012 00:56:48 +0000 Hey Von Krumm…You will notice a leaning in the last few posts, towards buying for capital growth."Not that there's anything wrong with that."But this post is about cashflow positive property!When buying for cashflow, you want to buy in an area that's not likely to go backwards eg one industry small town and they close the main factory. And you…[Read more]

]]> cbe682b45674c5632c2f48ddaad1742d quickchick replied to the topic Answers to "Where to Find CF+ Deals" in the forum Help Needed! https://www.propertyinvesting.com/topic/4384472-answers-to-where-to-find-cf-deals/page/22/#post-4542297 Thu, 22 Dec 2011 23:06:26 +0000 If its CF+, great! After you've deducted all your holding costs, rates etc (see above article too.)If the value did go down (worst case scenario) but your rent return gave you the same CF+, then that's not a tragedy. You are still getting the same CF+ you were happy to buy it with. (Unless you needed to sell for other reasons.)The trick is, how…[Read more]

]]> cf95274b6a9d24c3534803cdac1b831a quickchick replied to the topic Options for those that have purchased US properties that have not worked out or come to find out are in war zones etc in the forum Overseas Deals https://www.propertyinvesting.com/topic/4405431-options-for-those-that-have-purchased-us-properties-that-have-not-worked-out-or-come-to-find-out-are-in-war-zones-etc/#post-4660576 Wed, 21 Dec 2011 10:08:48 +0000 Sure, Jay. We'd like to hear your thoughts!The only thing I can think of, if stuck with a property that is not delivering, and does not seem to have any solutions, is to sell.If anyone wants to buy it!

]]> 59e790d3fb2a91b81dffcd34d81d9f03 quickchick replied to the topic SHOOT ME with your opinions and thoughts!! in the forum Hi https://www.propertyinvesting.com/topic/4405263-shoot-me-with-your-opinions-and-thoughts/#post-4659342 Wed, 21 Dec 2011 01:36:15 +0000 Hi Michael,I'm not against investing in the USA!I invest there myself.BUT if you are not very well informed of the costs, risks etc, you stand to lose your parents house for them, as they get ready to retire. Have you even considered what happens if the AUD/USD exchange rate moves against you? Do you know what your accounting costs will be in U…[Read more]

]]> affa8e9c8f162128679c1d7fe0345e11 quickchick replied to the topic Pay off mortgage or buy investment property? in the forum Great.One thing is for sure, https://www.propertyinvesting.com/topic/4405362-pay-off-mortgage-or-buy-investment-property/page/2/#post-4660056 Mon, 19 Dec 2011 03:53:19 +0000 Great.One thing is for sure, if you work out a good plan now and stick with it, you will set yourselves up for a good future financially.A lot of people are not thinking of the long term outcomes at this stage in their lives.Well done!

]]> ac03af44a63072cccc00d2498d87289b quickchick replied to the topic Investment Courses in the forum Help Needed! https://www.propertyinvesting.com/topic/4405423-investment-courses/#post-4660507 Sun, 18 Dec 2011 05:57:00 +0000 The Results course is not Steve's course, and is not covered by any government subsidies (I'm pretty sure.)Its a great way to build up your knowledge.If you have enough of a deposit to act on the knowledge you gather, (ie buy a property) it would be a great idea.If you don't have any equity or a deposit for investing, maybe start saving in…[Read more]

]]> 2aa8978028e1631f8f8a2a20401e8692 quickchick replied to the topic Pay off mortgage or buy investment property? in the forum Help Needed! https://www.propertyinvesting.com/topic/4405362-pay-off-mortgage-or-buy-investment-property/#post-4660053 Sun, 18 Dec 2011 05:41:24 +0000 It sounds like your plan involves having you and your wife working full time all the time your kids are little, plus working overtime yourself also. Kids are an expensive item, both financially and hopefully you will also want to invest a lot of time in them…Time with your family will be the most rewarding investment of your l…[Read more]

]]> 63a09bec4951808a6d09ac79ac14333d quickchick replied to the topic Investment Courses in the forum Help Needed! https://www.propertyinvesting.com/topic/4405423-investment-courses/#post-4660503 Fri, 16 Dec 2011 07:31:11 +0000 Go to the top of the page, click on "contact us" and ask.

]]> e58a5746841e3ce80ed30c1f2c9e1fac quickchick replied to the topic Tax Question on US Investments in the forum Overseas Deals https://www.propertyinvesting.com/topic/4405361-tax-question-on-us-investments/#post-4660033 Fri, 16 Dec 2011 07:24:20 +0000 Hi Frank,I don't know all the answers to your questions but I'm aware that tax expenses in the USA can be carried forward for many years…20 years? So you'll have plenty of time to use those deductions.I think your Aus accountant is right, you can't claim overseas investing expenses against your Aus earnings.In Aus if you negatively gear as you…[Read more]

]]> 1c8fd55e480c3907cd659bf864fd25e1 quickchick replied to the topic Buying in the US - To use a Aussie Buying Agent or DIY? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4404035-buying-in-the-us-to-use-a-aussie-buying-agent-or-diy/#post-4650565 Fri, 16 Dec 2011 06:48:52 +0000 AussieMika,I have a few remarks which may be of help to you.If you have a LLC set up interstate from where you are investing, you should register for business in that state. Which involves an annual fee, and a registered agent who can provide you with an address in that state.Having done it the other way around, I recommend you have your LLC set…[Read more]

]]> 55fb617dcaf3deba1a005bfdc444f550 quickchick replied to the topic Answers to "Where to Find CF+ Deals" in the forum In my opinion, there is not https://www.propertyinvesting.com/topic/4384472-answers-to-where-to-find-cf-deals/page/22/#post-4542287 Fri, 16 Dec 2011 00:07:27 +0000 In my opinion, there is not a clear correlation between purchase price and rental return generally. (Residential).As discussed, this can be different with blocks of units. But I'm talking about houses/units here.And I'm not talking about specialised areas eg mining towns. where there is a definite correlation between rents and purchase…[Read more]

]]> 81301ddd140f42b5c80be9328ee1ea0a quickchick replied to the topic Usa property contacts in the forum Overseas Deals https://www.propertyinvesting.com/topic/4384626-usa-property-contacts/page/4/#post-4543166 Tue, 18 Oct 2011 01:14:12 +0000 Hi Jay,I read your comments with interest. (Thanks.)Aussie new homes tend to be not much more than similar local properties – only 5-10% more, if that.Locally to us (outer SW Sydney) there is a lot of development, generally single family homes on smaller blocks, which are selling for about the same price as other new-ish homes. There is not a lot…[Read more]

]]> 7a5416708a218de8b25c20a62a8724c5 quickchick replied to the topic Usa property contacts in the forum Overseas Deals https://www.propertyinvesting.com/topic/4384626-usa-property-contacts/page/4/#post-4543164 Tue, 18 Oct 2011 00:43:35 +0000 I do not claim to be an expert on land values in any area of USA.I would make the observation, as an Aussie investor, that to buy land only, even at bargain rates, is pure speculation.If you can afford to buy and hold land (and pay taxes on it ) for a very long time in the hope that one day you will make a capital gain, then by all means go a…[Read more]

]]> 9ba39c1f1bfbbd65499bfafbe39f7f8a quickchick replied to the topic Usa property contacts in the forum Overseas Deals https://www.propertyinvesting.com/topic/4384626-usa-property-contacts/page/3/#post-4543155 Mon, 03 Oct 2011 23:35:58 +0000 A few thoughts after reading the post…If you want to buy US property, get Steve McKnight's US Property Power Pack. Lots of education, much cheaper than learning the hard way..Decide before you set up a US structure (eg LLC) where you want to buy. Then set up your structure in the same state.And avoid costs of registering to run a business in…[Read more]

]]> 5b8172fc944ce2634d14046f5c0a35b0 quickchick replied to the topic The value of selling with a DA/Town Planning permit? in the forum Value Adding https://www.propertyinvesting.com/topic/4404870-the-value-of-selling-with-a-datown-planning-permit/#post-4656800 Sun, 02 Oct 2011 05:45:35 +0000 Hi Merf,Maybe the next step is to go back to the agents and ask if they have any recent sales of properties with DA's approved.Then do your sums carefully!Lots of questions arise. (Which you may have considered.)Will council allow 2 townhouses on this size block? (Read their Development Plan and discuss with Town planner.) If their DP plan says…[Read more]

]]> a7495c6f297066741e4016b91c6c6526 quickchick replied to the topic Help with ITIN application in the forum Overseas Deals https://www.propertyinvesting.com/topic/4403595-help-with-itin-application/#post-4647464 Mon, 12 Sep 2011 10:18:02 +0000 I believe that if you have a LLC set up, you can enquire online with the IRS about applying for an ITIN so you can pay tax.Or call with the same question, how do I apply for an ITIN so I can pay tax on my LLC income.A LLC is a bit like a Family Trust, in that it is a "pass through" entity.ie you don't pay tax from your LLC directly, but the b…[Read more]

]]> ff8bed7bc21d6187f8b7b30f60232401 quickchick replied to the topic International money transfer issues! in the forum Overseas Deals https://www.propertyinvesting.com/topic/4404482-international-money-transfer-issues/#post-4654082 Mon, 12 Sep 2011 09:54:49 +0000 You can send money direct into escrow via OzForex.We have used OzForex quite a few times and have never had a problem at all.I would allow 3 days to be sure to have it there for settlement.

]]> 46605db7ca80bb557bc2176585addeb0 quickchick replied to the topic Foreign Income, Expense in Australian Tax ? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4404621-foreign-income-expense-in-australian-tax/#post-4655166 Mon, 12 Sep 2011 08:12:58 +0000 PropertInvestor,I think you are more or less right.As US investors, we still may have to pay tax in Aus on our US income.However, because we can get tax credits for tax paid in USA, it seems logical that US income has to go thru the IRS before we declare it to ATO.In my perception, we can't claim US expenses against Aus income, only against US…[Read more]

]]> 126fc2242e5872f0c109baace14362de quickchick replied to the topic U.S. Bank Accts.....Help in the forum Overseas Deals https://www.propertyinvesting.com/topic/4404626-u-s-bank-accts-help/#post-4655185 Mon, 12 Sep 2011 07:01:12 +0000 Jamie,In regards to which bank to use…Be aware that most banks do not operate in every state of USA.Also, the way we do online banking in Aus to transfer money from one bank to another, does not work in USA.ie Seriously, they sent a written cheque in the mail, from one bank to another bank to transfer money.And it took over a week!So first,…[Read more]

]]> 57ddef2831a7fa14eb5ec4c1e5b36af7 quickchick replied to the topic Bowen Basin QLD Mining Towns - Opinion on offer in the forum Hi Ant 45, Our valuation https://www.propertyinvesting.com/topic/4391824-bowen-basin-qld-mining-towns-opinion-on-offer/page/18/#post-4579979 Mon, 01 Aug 2011 09:47:07 +0000 Hi Ant 45,Our valuation done last week in Dysart came in as we expected, we were happy with it.Had emphasised rent return and that it was furnished. As for condev, I'm in USA too, but would be surprised if your 30% is after costs… the profit you end up with is what you have to count.

]]> b874e4a5473b434a55995d8458849a2d quickchick replied to the topic Making the most amout of profit without paying too much CGT or extra stamp duty. in the forum I would not buy a negatively https://www.propertyinvesting.com/topic/4404307-making-the-most-amout-of-profit-without-paying-too-much-cgt-or-extra-stamp-duty/page/2/#post-4652874 Fri, 29 Jul 2011 07:25:02 +0000 I would not buy a negatively geared property, so that's my bias.The strategy is commonly known as "buy and hope".With the current economic climate, Aussie's not wanting to spend much (see recent retail plunges in sales), the general trend to saving more, I don't know that we have a huge prospect of capital gain per year.I am not pessimistic about…[Read more]

]]> 4a5e15c7099d3355e244d88b00005620 quickchick replied to the topic Making the most amout of profit without paying too much CGT or extra stamp duty. in the forum Help Needed! https://www.propertyinvesting.com/topic/4404307-making-the-most-amout-of-profit-without-paying-too-much-cgt-or-extra-stamp-duty/#post-4652868 Thu, 28 Jul 2011 07:43:16 +0000 Whoa, my first effort at quoting and it didn't go as planned!Sorry.PaulandJo, I think you need to be sure on what your main priority is for having investment properties.We would all say, wealth creation, but from what you have said, maybe tax minimisation and retaining your family benefts are higher priorities? Tax minimisation is fine, but should…[Read more]

]]> 34d1737f0b0144ad29b399c7c7bc9645 quickchick replied to the topic Making the most amout of profit without paying too much CGT or extra stamp duty. in the forum Help Needed! https://www.propertyinvesting.com/topic/4404307-making-the-most-amout-of-profit-without-paying-too-much-cgt-or-extra-stamp-duty/#post-4652856 Wed, 27 Jul 2011 07:42:53 +0000 Well done on buying a positive cashflow property!  Not easy to do.I assume your other properties are negatively geared?If so, I think you are saying you plan to sell your fantastically performing property, to fund your losses from the poorly performing properties.WHY WOULD YOU DO THAT!(Sorry for shouting!)Wouldn't logic dictate you'd be better to…[Read more]

]]> f4bcdb17e4ba7cffccc952b8ee0192c5 quickchick replied to the topic LLC Structuring in the US in the forum Overseas Deals https://www.propertyinvesting.com/topic/4403437-llc-structuring-in-the-us/#post-4646550 Sat, 23 Jul 2011 07:39:25 +0000 Hi Hankie Rich,My education connections were in Florida, so that's where we set up our LLC.However we're buying property in Phoenix, with our Florida LLC.We frequently visit family on the western side of USA so preferred to invest where it's convenient for us. Question for Jurgen: How much do you pay a year, getting taxes done for many different…[Read more]

]]> ad6005f14e4f264307d4d183437bc64d quickchick replied to the topic LLC Structuring in the US in the forum Overseas Deals https://www.propertyinvesting.com/topic/4403437-llc-structuring-in-the-us/#post-4646547 Fri, 22 Jul 2011 10:49:01 +0000 Can I just point out, that if you have set up your LLC in a non-disclosure state, and then want to borrow hard money, you will reacha dead end.I have been accepted for a hard money loan (Florida LLC), but had friends knocked back because they have a Wyoming LLC.

]]> e12a6451f44f1a4a6e354f92adfc8c46 quickchick replied to the topic Are we kidding ourselves? in the forum Help Needed! https://www.propertyinvesting.com/topic/4403775-are-we-kidding-ourselves/page/2/#post-4648838 Mon, 30 May 2011 10:01:26 +0000 Hi Dragonflyz,Yes, there are many different opinions out there. And different goals. And different strategies to get to the same goals.It can be confusing. Maybe the wosrt outcome is to fall into "analysis paralysis" and never do anything.And maybe the next worst is to believe everything we see and fall for anything.Most of us learn more as we go…[Read more]

]]> 5bdfd4411ee3594afd97c9197cb42db0 quickchick replied to the topic Are we kidding ourselves? in the forum Help Needed! https://www.propertyinvesting.com/topic/4403775-are-we-kidding-ourselves/#post-4648834 Mon, 30 May 2011 04:35:21 +0000 Hi Dragonflyz,I can see that you are trying to prepare yourselves for a good financial future.Good on you!There is so much to learn, and a "small" hiccup can be quite costly  eg if your property doesn't have any capital gain for a few years, why bother?From my understanding, I think that depreciation claimed may have to be repaid if when sold, t…[Read more]

]]> 1975e5b60b3c5a7373547e46a1c64dbc quickchick replied to the topic Are we kidding ourselves? in the forum Help Needed! https://www.propertyinvesting.com/topic/4403775-are-we-kidding-ourselves/#post-4648831 Mon, 30 May 2011 03:59:52 +0000 I wasn't referring just to the first IP re you financing, just trying to demonstrate that negaitve gearing eventually will be self-limiting.Maybe you can reach IP3 within the next few months.But then your costs will start to add up.eg if all your properties cost you $8,600 pa out of your own pockets, that is after the rent. ie they make a loss…[Read more]

]]> 8344cf172953c1bd19a1db7a9bfe61f0 quickchick replied to the topic Are we kidding ourselves? in the forum Help Needed! https://www.propertyinvesting.com/topic/4403775-are-we-kidding-ourselves/#post-4648829 Mon, 30 May 2011 03:38:07 +0000 Hi Dragonflyz,From our experience in investing, banks are very conservative about lending especially on a promised bonus.From their worst case scenario, what if hubby loses his job etc.It depends what you're investing strategy is.From a rough estimate, I think your IP1 may cost you about $8,600pa out of your pocket, to cover your expenses.As far a…[Read more]

]]> f67f6eb1031fd00e9f952963937e2e79 quickchick replied to the topic Bowen Basin QLD Mining Towns - Opinion on offer in the forum Help Needed! https://www.propertyinvesting.com/topic/4391824-bowen-basin-qld-mining-towns-opinion-on-offer/page/15/#post-4579906 Mon, 30 May 2011 03:24:02 +0000 Hi Tobyson,We found during a mining lull, our property in Dysart with a pool wouldn't rent. Companies refused it.Solution: we got rid of the pool!If this property you're looking at already has a company lease though, I doubt they'll let it go at the end of the tenancy period unless they no longer need it.I wouldn't not buy it because of a…

]]> 70b38be0255b58d9c9dce14ad28331c5 quickchick replied to the topic Bowen Basin QLD Mining Towns - Opinion on offer in the forum Help Needed! https://www.propertyinvesting.com/topic/4391824-bowen-basin-qld-mining-towns-opinion-on-offer/page/15/#post-4579903 Sat, 30 Apr 2011 01:35:52 +0000 Hey Property Investor 1,Thanks for this well-balanced viewpoint and the article.quickchick

]]> 12002c6cf29beb5db2c97a9714731f7c quickchick replied to the topic Answers to "Where to Find CF+ Deals" in the forum Good subject, risk https://www.propertyinvesting.com/topic/4384472-answers-to-where-to-find-cf-deals/page/20/#post-4542256 Tue, 29 Mar 2011 07:19:14 +0000 Good subject, risk management.While I agree that it is a factor, on the other hand I would argue that if we are not prepared to stretch ourselves out of our comfort zone, we will not progress.If I only did things I was 100% sure were very low risk, I would never do anything. NOTHING is risk free, even government bonds! But even leaving money in…[Read more]

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