PropertyInvesting.com | solomon | Activity https://www.propertyinvesting.com/members/solomon/activity/ Activity feed for solomon. Sun, 12 Apr 2026 16:50:54 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 b5a3bdf58715c2f9d7a2e1a60987c6d2 solomon replied to the topic USA PROPERTY in the forum Overseas Deals https://www.propertyinvesting.com/topic/4385563-usa-property-2/#post-4547754 Wed, 31 May 2006 03:18:13 +0000 The best site to view properties that I have ever seen is http://www.propsmart.com
I’m addicted to it. Have fun.
Sincerely,
Solomon

]]> 6d74464727027d819c70ab17a27b8ed5 solomon replied to the topic Who invests in USA? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4385592-who-invests-in-usa/#post-4547865 Thu, 25 May 2006 14:05:51 +0000 Thanks to those of you who answered the question.
Sincerely,
Solomon

]]> fbf559a266e61acb26b802d86142ef8c solomon replied to the topic How do I find a positive cashflow property in WA ? in the forum No Subject https://www.propertyinvesting.com/topic/4385499-how-do-i-find-a-positive-cashflow-property-in-wa/#post-4547473 Tue, 16 May 2006 06:48:17 +0000 Is it possible you may still be dragging your feet? How BADLY do you want to find a +CF property?
If it’s a case of ” oh it would be nice to have one” & your waiting for one to fall in your lap, my guess is that another 18months will go by fairly fast.
If I said to you I will give you 1 million dollars if you find a +cf property by the end of the…[Read more]

]]> dc756f427cbe99b770b29ce50b385d7b solomon replied to the topic LLC in Delaware, NY or Texas in the forum No Subject https://www.propertyinvesting.com/topic/4385387-llc-in-delaware-ny-or-texas/#post-4546932 Fri, 12 May 2006 07:54:36 +0000 Would it not be almost impossible to buy a property say 25% under market value & get vendors finance?
With VF what are the most common terms given?
Sincerely,
Solomon

]]> 9587c5f17a36079207d311778f340b4c solomon replied to the topic LLC in Delaware, NY or Texas in the forum Overseas Deals https://www.propertyinvesting.com/topic/4385387-llc-in-delaware-ny-or-texas/#post-4546930 Fri, 12 May 2006 03:38:48 +0000 Thanks Luke,
For each answer I get it seems there are another 10 questions to be asked.
Have you purchased many properties in the States? How did you overcome the 6 months to be able to refinance? Did you find a way to get around the $3.5+ refinance fees? Do you have a recommendation on financial institutions over there?
Sincerely,
Solomon

]]> 2aa4f29759595c550c7c050257dc08cc solomon replied to the topic LLC in Delaware, NY or Texas in the forum No Subject https://www.propertyinvesting.com/topic/4385387-llc-in-delaware-ny-or-texas/#post-4546927 Mon, 08 May 2006 10:48:24 +0000 Westan, now with all your experience, if you started from scratch again would you do the same? As in buy the first house cash and then refinance from there?

Regarding the loan are you going for fixed & at what rate are you able to get it at?

Sincerely,
Solomon

]]> d0a2f359671872a2c39909748d6dc5a3 solomon replied to the topic LLC in Delaware, NY or Texas in the forum Overseas Deals https://www.propertyinvesting.com/topic/4385387-llc-in-delaware-ny-or-texas/#post-4546925 Mon, 08 May 2006 10:29:43 +0000 Thank you all, every bit of info helps.

Westan, when you have been purchasing property over there what type of loan are you using? Fixed 30yr, variable or have you used vendors finance & if so how does that work?

Also for your very first property, did you pay cash & then use the equity in that to get another loan or did you put 10/20/30% of the…[Read more]

]]> 7dffdedecd8e7192569e2c6b75270649 solomon replied to the topic Risks with off shore investments in the forum Overseas Deals https://www.propertyinvesting.com/topic/4385392-risks-with-off-shore-investments/#post-4546949 Mon, 08 May 2006 06:19:38 +0000 I’m about to & yes it will be hard & scary but if it was easy everyone would be doing it.
At the end of the day I added up all the pros & cons & I saw the opportunity in a far away land when most are still trying to find CG & +CF in Sydney, LA, NY, London etc.
When they zig I’m going to zag.
The statement that moved me most though was, ” will I…[Read more]

]]> d44b4901f0dfc2509bf83612d6aeaa0a solomon replied to the topic LLC in Delaware, NY or Texas in the forum Overseas Deals https://www.propertyinvesting.com/topic/4385387-llc-in-delaware-ny-or-texas/#post-4546923 Mon, 08 May 2006 06:09:29 +0000 Thanks Richard.

Would I still set up the LLC in the same state as where I buy the property or in Delaware or Nevada or where?

Sincerely,
Solomon

]]> 4cc201d13c25ab62bf26292bdf920a47 solomon replied to the topic US social security no. in the forum Overseas Deals https://www.propertyinvesting.com/topic/4385202-us-social-security-no/#post-4546164 Fri, 05 May 2006 06:07:11 +0000 I was in the states for 6 months in 1996 and just walked into the solcial security office & asked for a SSN so I could open a bank account. It said on the card that I had no right to work etc but it was easy to get one.
Funny thing is I can’t find the card or # now & I need it again to open another bank account.
Sincerely,
Solomon

]]> dbccaccff843c288d267141077c713f5 solomon replied to the topic How did Dolf De Roos start? in the forum Help Needed! https://www.propertyinvesting.com/topic/4385206-how-did-dolf-de-roos-start/#post-4546194 Tue, 25 Apr 2006 06:29:25 +0000 Thanks FastLane.
So did he then just use that $30k as living expenses while he found more deals?

Apparently he has only ever sold 4 properties in his life so how did he access the cash to live on?

So to my situation, I have $100K of equity and $120K in cash & now no business/job/income as I just sold it. If Dolf was in this situation what would…

]]> 5bdd5c96cf80cafa0cd51ad4d0127832 solomon replied to the topic USA TODAY! in the forum Help Needed! https://www.propertyinvesting.com/topic/4385087-usa-today/#post-4545440 Fri, 14 Apr 2006 11:54:53 +0000 Thanks Rikky,
I have been over there quite a few times but wasn’t into property then. I have done a tonne of research on the area I’m wanting to buy in & will have no need for the BIRD DOGS. But I really do need to know how to get the loan because I don’t want to buy the house with ALL my cash.
Calling all experts!

]]> 2a1ff4f0b35ab7aff577368e6a8886d3 solomon replied to the topic Hold or Sell in the Sydney market in the forum No Subject https://www.propertyinvesting.com/topic/4385026-hold-or-sell-in-the-sydney-market/#post-4545164 Thu, 13 Apr 2006 09:02:14 +0000 Think back to the houses your parents sold & ask yourself was that the dumbest thing they did or what?
My parents sold a house in Blacktown for $14K, Baulkham Hills $70K, Rockingham WA $38K, Warnbro WA $42K, Malibu WA $98K, 2 acre block & home in Golden Bay $250K.
Dumb or what?
The property guru Dolf De Roos speaking from the Trump university on…[Read more]

]]> 4aa57095f953508bf212327a8076c8c5 solomon replied to the topic What would you do with $10,000? in the forum Help Needed! https://www.propertyinvesting.com/topic/4383509-what-would-you-do-with-10000/#post-4537082 Mon, 12 Dec 2005 14:13:13 +0000 This is starting to sound alot like a subliminal advert. Did you know there are trading forums elsewhere?

]]> 5fa561e2616a4791567ecaa6c82035bb solomon replied to the topic WA Scarborough IP in the forum Help Needed! https://www.propertyinvesting.com/topic/4383247-wa-scarborough-ip/#post-4535651 Sat, 19 Nov 2005 05:33:36 +0000 Just like the city it’s going to be an oversupply of units & if you hang around Scarb during the week you will get a good idea of what kind of tenant you’ll attract. If you decide it’s the place for you, make sure you get parking for the number of rooms. Also double check rental return & not what the developer tells you.
Just my bit of wisdom of…

]]> 12654afc0ee7a62e238e2afd630a4c6a solomon replied to the topic possible goldmine or mine field? in the forum Help Needed! https://www.propertyinvesting.com/topic/4382607-possible-goldmine-or-mine-field/#post-4532094 Mon, 10 Oct 2005 13:30:18 +0000 Thanks for your opinions & help on screen saver.
I found out that if I have more than 6 individual tenants I need a licence to have a LODGING HOUSE & no doubt the neibours will block that. (don’t blame them). However 6 or less not including a keeper, I need nothing. I think I may be able to create a +CF if the deal goes through. Ofcourse I need to…[Read more]

]]> ac5871a4ca29b4df5d0b28ea7cdbb9c6 solomon replied to the topic resale value concerns- opinions please in the forum No Subject https://www.propertyinvesting.com/topic/4381262-resale-value-concerns-opinions-please/#post-4523369 Fri, 22 Jul 2005 13:25:58 +0000 Why are you called cotmakers? Because if you manufacture cots I need a truck load.
Sincerely,
Solomon

]]> 6d92a985a580c3ce5006a6b43a487328 solomon replied to the topic Frustrated Perth buyer in the forum Help Needed! https://www.propertyinvesting.com/topic/4380640-frustrated-perth-buyer/#post-4519195 Wed, 08 Jun 2005 07:24:43 +0000 Thanks all for your advice.
One thing I did’nt mention that may change your advise, we work in Joondalup & we can get the $7k from the Fed gov & no stamp duty up to a $250K purchase from the state gov.
Where to buy now as this area is HOT HOT HOT, as in selling within a few days?

]]> 7591935578235e3201e05811d123d4f4 solomon replied to the topic Frustrated Perth buyer in the forum Help Needed! https://www.propertyinvesting.com/topic/4380640-frustrated-perth-buyer/#post-4519183 Mon, 06 Jun 2005 12:06:20 +0000 Thanks Luci & Dazzling.
Luci, I agree that the Perth market is just behind the Sydney market but with the economy VERY strong here in WA, with the shortage of workers, the high immigration rate from eastern staters & UK, the mining boom & the “cheap property prices” (looks that way to a sydney sider) I just wonder if we have a long way to go?
I…[Read more]

]]> 4280adf2fbfd891ac137df0354b781b7 solomon replied to the topic Frustrated Perth buyer in the forum Help Needed! https://www.propertyinvesting.com/topic/4380640-frustrated-perth-buyer/#post-4519180 Mon, 06 Jun 2005 10:01:47 +0000 Thanks Dazzling,
I feel like giving up as in this northern corridor it is so hot, but the question is would you still purchase at market value if you can’t get below market value? Also we all have our opinion about the market & mine is that Perth has another 2 years, & about 10% per year growth before a correction.What is your prediction?

]]> 27697b2569db256f251215b2d1d16e97 solomon replied to the topic Problem with RE agents in the forum Help Needed! https://www.propertyinvesting.com/topic/4379520-problem-with-re-agents/#post-4511532 Wed, 06 Apr 2005 03:25:37 +0000 Hi Arthur,
Is it possible that alot of us investors or investors to be have this attitude that RE agents are a lazy bunch of pain in the but greedy losers, and that actually comes across to them?

Is it also possible that they think we want everything for next to nothing and we waste their time with our (as they say) offensive offers?

You…[Read more]

]]> 52e8865bc75bb32d5ca9c020a437cb9f solomon replied to the topic 1st home owner seeks guidance in the forum Help Needed! https://www.propertyinvesting.com/topic/4379291-1st-home-owner-seeks-guidance/#post-4509957 Wed, 23 Mar 2005 13:53:13 +0000 Thanks J & Greg.

]]> c3f9795b81cefe034c7d930b44577875 solomon replied to the topic 1st home owner seeks guidance in the forum Help Needed! https://www.propertyinvesting.com/topic/4379291-1st-home-owner-seeks-guidance/#post-4509954 Wed, 23 Mar 2005 13:04:07 +0000 Thanks for the welcome and for the tips so far Eric, Rellie & Greg F.
I promise you I’m not arrogant but thought the statement would invoke a response as I’m sure you probably get a similar question often.
I would still appreciate more advice as I am looking for a faster method than spending the next 3 years or so paying after tax dollars to…[Read more]

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