Total Members: 158,200

streamlineinvesting

  • streamlineinvesting replied to the topic Tax for Capital Gains on a Property I do not own in the forum Legal & Accounting 10 years, 3 months ago

    Thanks Terry, looks like I will have to talk with someone directly about the situation to make sure it does get done correctly. As for grandma's capacity, she is of sound mind at the moment at least. I know what you mean about pressure from other family members and that was a big concern, especially since she has 8 children who will all have their…[Read more]

  • streamlineinvesting replied to the topic Commonwealth Games Investing in the forum Creative Investing 10 years, 4 months ago

    The site for the Sydney Olympics was basically a wasteland prior to the Olympics, since they have come and gone there have been whole new suburbs that have taken off, notably around Rhodes, North Strathfield, Newington and Homebush etc, all these high rise apartment blocks along the river that were just not there before. The train stations along…[Read more]

  • streamlineinvesting replied to the topic My Trip to the US in the forum Overseas Deals 10 years, 5 months ago

    Thanks for your helpful pointers

    I have been in Fort Myers for a couple of days, and so far it has been a real eye opener. The place is a lot different than I expected, but it is a really nice area and I look forward to more trips here in the future.

    I was able to set up business bank accounts for my LLCs with Wells Fargo, so that is great to…[Read more]

  • streamlineinvesting replied to the topic Buying investment property off family member in the forum Help Needed! 10 years, 5 months ago

    I recently had a similar situation. My brother and I purchased a PPOR a few years ago and recently I wanted out and he wanted to buy out my half of the property. I was surprised to learn that it is basically like buying a house off a stranger. So yes you will need a solictor for the necessary paperwork to ensure the bank approves the finance and…[Read more]

  • streamlineinvesting replied to the topic My Trip to the US in the forum Overseas Deals 10 years, 5 months ago

    Thanks for your nice words.

    Do you think there is realistically any chance of meeting with a bank who will allow me to obtain a loan for a property? I really think I need to leverage to really take advantage of the situation over in the US. And having to save each time to buy a new house outright is taking too long and in a couple of years I have…[Read more]

  • streamlineinvesting replied to the topic Chinchilla Qld the place to be ? in the forum Help Needed! 11 years ago

    I work not too far from Chinchilla in the Coal Seam Gas mines in the area, stayed in a camp there for a few months, now I stay over in Dalby (about an hour away).

    There is no doubt that at the moment Chinchilla would be a good investment and give you positive gearing for any investment you have there. But the mines will not last forever, and when…[Read more]

  • streamlineinvesting replied to the topic Japanese Banks for Aussie Mortgages in the forum Finance 11 years, 4 months ago

    He works in Oz, up in QLD with me, and he has no Japanese heritage (unless his wife is Japanese but I do not believe so).

    And thanks Richard, but I was not asking about an Australian institution to lend foreign currency, but good to know nonetheless.

  • streamlineinvesting replied to the topic Japanese Banks for Aussie Mortgages in the forum Finance 11 years, 4 months ago

    The loan was in AUD, that is one thing I would have to ensure on. The last thing I want to do with an investment property is add currency exchange risk to the investment, there is plenty of other investments having to try to mitigate.

  • streamlineinvesting replied to the topic Just returned from the USA – My Report in the forum Interesting thread. Every 11 years, 6 months ago

    Interesting thread. Every time I speak to someone in Australia about our US property pursuits they seem very interested and are either actively pursuing a similar goal or have at least done a bit of research in the area. I think that there is still some way to go yet and plenty of opportunities for people wanting to invest. 

    The market is slowly…[Read more]

  • Hi Bigfirerichie,

    We've looked into opening an account with HSBC. The problem is, they will only allow you to open an INDIVIDUAL account in the US which is pretty useless as you're technically not allowed to deposit rental payments into it. This is because the US government views collecting rental payments as you operating a business and hence…[Read more]

  • I agree with Emma. We bought a property in Florida earlier this year and did exactly what Emma mentions in her post. It is quite easy and as long as you have a property manager that you trust (shouldn't be working with them if you don't trust them) then you can just ask them to wire you funds back to Australia whenever you need them. At the…[Read more]

  • streamlineinvesting replied to the topic Is my property cash flow positive? in the forum Help Needed! 11 years, 7 months ago

    I have a feeling that you are almost hoping a property is negatively geared? Even if the property is positively geared, you can still claim all of the expenses you have? And you will still have to declare your rent on your tax return anyway?

    I mean sure you may pay more tax with a positively geared property, but you will still come out on top.

  • streamlineinvesting replied to the topic Recommendations for USA all-in-one property managers in the forum Overseas Deals 11 years, 7 months ago

    Hi Everyone,

    We've been using an Australian real estate agent who is working Florida. Her name is Judith and she has been great in helping us buy our first property. Happy to pass on her details or if you have any questions then shoot us an email. We've written about our experience on our blog http://www.streamlineinvestingaustralia.blogspot.com

  • streamlineinvesting replied to the topic Renovation Property in NSW in the forum Value Adding 11 years, 7 months ago

    Thanks for the information Catalyst, and to clarify, I have had experience with property investment, however not much with renovations and hence I do not want to make mistakes.

    Also our blog may offer some advice, but mainly is just to display our experiences so far, mainly with US investing as that is where we have had some experiences.

    And to…[Read more]

  • streamlineinvesting replied to the topic Renovation Property in NSW in the forum Value Adding 11 years, 7 months ago

    Catalyst,

    I assume some posts were deleted that I am missing?

    Looking at our profiles – LillianWA has been a member since 9/8/2012, and I have been a member since 5/12/2010?

    And also I do not believe I did any promotion anyway?

  • streamlineinvesting replied to the topic Cash Reserves in the forum Finance 11 years, 7 months ago

    My personal opinion with investing is that it should not be a stressful experience. Don't get me wrong, it can be frustrating and a lot of hard work. But at the end of the day I do not want to have to be worried that things can go terribly wrong for myself financially.

    This leads me to be a bit more 'safe' when it comes to investing and maybe…[Read more]

  • streamlineinvesting replied to the topic Renovation Property in NSW in the forum Value Adding 11 years, 7 months ago

    I believe both are fairly strong rental markets, one benefit we see attached with Maitland is hopefully there is some effect from the mining in the area that will increase the demand for renting.

    Looking at both areas, they both seem to be able to provide relatively strong yields, up to $400 per week for a $300,000 property seems to be quite achievable.

  • streamlineinvesting replied to the topic New Site: What do you think? in the forum Help Needed! 11 years, 7 months ago

    Looks great so far! Though I must say when I first got to the site I thought I made a spelling mistake in the address bar, I did not recognise it at all! But it looks really good, easy to navigate as well.

    Cheers
    James

  • New South Wales, Australia…not North South West, would be a funny name though, nobody would be able to find it!

  • streamlineinvesting replied to the topic No Bank loyalty anymore !! in the forum Finance 11 years, 8 months ago

    Depite your actions, most people are simply not loyal to their bank of financial institution. So it is of no wonder they are no longer loyal to us, it is disappointing but I guess that is just how things are.

    It is strange, because you think showing loyalty might be a way of differentiating themselves from the other banks. But like you have…[Read more]

  • Load More

streamlineinvesting

Step 1 - 0% Complete

Fill Out Your Member Profile Below

Fill in the required fields below to complete your registration.

Registration not only grants you full access to this website, but will also enable us to send you our newsletter, latest investor tips, strategies and information about events/products relevant to investors. You can opt out at any time.

Used to log in to the website and for targeting with messages. Alphanumeric characters only. No spaces allowed..

Member Login
Lost your password?
×
158,200

Register Free To Unlock Unrestricted Access To PropertyInvesting.com

×
1-Day Millionaire Mastermind Workshop - Only LIVE Training in 2019!