Hi Donna,

Good post, and thank you for generously passing on the knowledge to a lucky receipient.

Bye,

– Steve

Howdy, yes there will be. I will send out an email about it next week to all those who registered.

Howdy and welcome the forum.

I have done my fair share of US investing.

My 2c is that unless you plan to do this at scale, don’t.

The costs of doing business in the US are high, and dealing with the IRS as a foreigner is horrendous.

Why does investing in the US appeal to you in a way that can’t be done in Aus?

Bye,

– Steve

I think one post is sufficient Matt, for each round of catch ups. Just put the dates in the post.

– Steve

Thanks for the post. It reads like an Ai dump though, which is helpful, but lacks personal insights and experience.

From my perspective, I’d say:

1. Only one person can buy your property; try to define who it will be, and why they will buy

2. Advertise with a rifle, not a shotgun; be targeted in your advertising, the broader it is (shotgun) the…[Read more]

Thanks for the post. It reads like an Ai dump though, which is helpful, but lacks personal insights and experience.

From my perspective, I’d say:

1. Only one person can buy your property; try to define who it will be, and why they will buy

2. Advertise with a rifle, not a shotgun; be targeted in your advertising, the broader it is (shotgun) the…[Read more]

This would be a good session to attend if you are interested in developing or sub-dividing. Are you live-streaming it Shehan?

– Steve

I have listened in on several of Stu’s calls, and I have been impressed by the take-aways and insights that have come from the session. I’d highly recommend booking in.

– Steve

Hi Matt,

I hope you are well. It looks like an interesting line up. For those who can’t make it, please come back and add a summary of the key points for each speaker.

Bye,

– Steve

Howdy,

The things you describe are pretty normal for a residential property manager to charge.

From my experience:

Management: 6 to 10% of rent
Leasing: 1 month’s rent
Inspections: $100 to $200 per inspection

The cost, while important, is incidental to the service. A good manager – one who is diligent, attentive and responsive (proactive not…[Read more]

Hi and thanks for your post.

I’ll keep this brief: the more complex the deal, the fewer buyers you’ll attract.

Right now I see you’ve got two paths:

Eat Your Own Cooking

If you’re comfortable with the risk, use your own resources — sell or refinance another asset — to generate the cash you need. It’s usually quicker, cheaper, and gives you ful…[Read more]

And further to my last email, to provide more clarity, imagine:

Sam has a $500,000 mortgage on his home.

Scenario 1 – Sam has a mortgage offset account that has $200,000 in it. Sam uses that $200,000 to finance the purchase of an investment property. Is the interest deductible?

No – the money in the offset account is savings, so using it for…[Read more]

And further to my last email, to provide more clarity, imagine:

Sam has a $500,000 mortgage on his home.

Scenario 1 – Sam has a mortgage offset account that has $200,000 in it. Sam uses that $200,000 to finance the purchase of an investment property. Is the interest deductible?

No – the money in the offset account is savings, so using it for…[Read more]

And further to my last email, to provide more clarity, imagine:

Sam has a $500,000 mortgage on his home.

Scenario 1 – Sam has a mortgage offset account that has $200,000 in it. Sam uses that $200,000 to finance the purchase of an investment property. Is the interest deductible?

No – the money in the offset account is savings, so using it for…[Read more]

Thanks for your post. Here’s an example to flesh out the learning:

Investment property $1m
Loan @ 60%: $600k
Advance repayments: $50k (paid off loan, not offset)
Current loan balance: $550k

Redraw $50k for personal
New loan balance: $600k

Under the example above, $550k would be deductible, whereas $50k would not.

The main point is this:

To…[Read more]