PropertyInvesting.com | streamlineinvesting | Activity https://www.propertyinvesting.com/members/streamlineinvesting/activity/ Activity feed for streamlineinvesting. Wed, 15 Apr 2026 00:13:23 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 918b2ebb679d2b06e59c678c26798a61 streamlineinvesting started the topic US Properties For Sale - Fort Myers in the forum Overseas Deals https://www.propertyinvesting.com/topic/5048945-us-properties-for-sale-fort-myers/ Sat, 26 Jan 2019 03:58:21 +0000 Hey All,

My business partner and I have purchased 4 properties in the US over the past 7 years and the time has come for us to sell them. They have been great to us and are still performing very well, however due to trying to simplify our investments we are looking at selling our properties in the US to bring our money back to Australia and focus…[Read more]

]]> e046658a72cafee0b9421edc3f9d0758 streamlineinvesting replied to the topic Daily compound interest calculator/spreadsheet in the forum Help Needed! https://www.propertyinvesting.com/topic/4999973-daily-compound-interest-calculatorspreadsheet/#post-5000072 Sat, 07 Feb 2015 07:28:10 +0000 Craig,

Feel free to email me at streamlineinvesting@gmail.com.

I have a spreadsheet which you should be able to use, should be fairly straight forward.

]]> 480ed43b34cc92b7c196b8995e2dde4e streamlineinvesting replied to the topic US Florida Loan in the forum Overseas Deals https://www.propertyinvesting.com/topic/4999918-us-florida-loan/#post-5000048 Fri, 06 Feb 2015 21:54:29 +0000 I will get on to Nigel and see how I go.

And yes I do have a risk management strategy, appreciate your concern but I do not have all my eggs in one basket. Along with my properties in the US, I also have property in Australia and shares in Australia as well. I understand it may seem risky to purchase property all within the same area in the US,…[Read more]

]]> 322d51d63ee7bf03119292f91b99b18b streamlineinvesting started the topic US Florida Loan in the forum Overseas Deals https://www.propertyinvesting.com/topic/4999918-us-florida-loan/ Tue, 03 Feb 2015 08:14:59 +0000 Hello all,

Just to give you some background, I currently have 3 properties over in Fort Myers – Florida, 2 of them are owned outright in an LLC, and the 3rd one is in my personal name with a mortgage.

My initial loan has a 4.75% Interest Rate, 30 year mortgage and had a 30% deposit and a loan value of $55,000 (property value was around…[Read more]

]]> ae87f96ec71a1b7689106578d435f159 streamlineinvesting replied to the topic Showing you mine - before rehab photos, Toledo Ohio in the forum Overseas Deals https://www.propertyinvesting.com/topic/4989777-showing-you-mine-before-rehab-photos-toledo-ohio/#post-4989809 Sun, 27 Apr 2014 03:47:48 +0000 Looks good Engelo, looking forward to seeing the “after” pictures…as well as a bit of a breakdown of all the costs, it is amazing to see how much work you can get done to a property cheaply over there in the states.

]]> 6a1e8a9e45e4e66b2ebb28f8790acdbb streamlineinvesting replied to the topic Do i rent or do i buy first..? in the forum Help Needed! https://www.propertyinvesting.com/topic/4410865-do-i-rent-or-do-i-buy-first/#post-4916195 Mon, 14 Apr 2014 07:13:40 +0000 I just read an interesting article about renting verse buying, I have looked at it all before and at the end of the day it really is a personal decision, but if you do want to look at it from a purely financial perspective then maybe the option below would be for you –
Option 1 ) Purchase 3 x $200,000 investment properties at 7.00% interest rate…[Read more]

]]> 37f46b7623dc8181a66b2bcca3cefe65 streamlineinvesting replied to the topic Overseas Investors oz forex in the forum Help Needed! https://www.propertyinvesting.com/topic/4410905-overseas-investors-oz-forex/#post-4700343 Wed, 02 Apr 2014 09:55:23 +0000 I use OzForex whenever I transfer from AUD to USD, seem to give me decent enough rates anyway. Easy to deal with as well, never had too much of an issue.

]]> f1a55ec239337fb130381c7da7069b20 streamlineinvesting replied to the topic leverage in Australia versus 'all cash' in the US in the forum Overseas Deals https://www.propertyinvesting.com/topic/4410546-leverage-in-australia-versus-all-cash-in-the-us/page/2/#post-4698472 Mon, 31 Mar 2014 09:34:30 +0000 I think one of the biggest things that turned investors off was the dream returns that always seemed to be promised simply did not come. So all confidence was lost in the market.

Unfortunately some times being brutally honest does not make you the best salesperson so unless you are willing to stretch the truth you will be unlikely to win over…[Read more]

]]> b7d6a385280c79c7ea48c9686ed4621c streamlineinvesting replied to the topic leverage in Australia versus 'all cash' in the US in the forum Overseas Deals https://www.propertyinvesting.com/topic/4410546-leverage-in-australia-versus-all-cash-in-the-us/page/2/#post-4698468 Sun, 30 Mar 2014 21:11:54 +0000 I am not sure why all the focus has gone off the US at the moment (well for the past few months at least anyway). I know I am still heavily looking into and actively investing in the US markets to try and build my portfolio over there as much as possible while the buying is good (and I believe it is still very good for the time being).

I know at…[Read more]

]]> 42509069cbde29d6ec46d8edccfde65f streamlineinvesting replied to the topic First Financed Property in the US in the forum Overseas Deals https://www.propertyinvesting.com/topic/4410510-first-financed-property-in-the-us/page/3/#post-4698175 Thu, 27 Mar 2014 08:45:37 +0000 Ok I have had the day to let it all sink in try and reflect on the experience, I will try and put it all in a summary so if anyone did want to follow in my footsteps they could hopefully have it a bit smoother than I did.

Step 1 – Met with Mortgage Broker while I was over in the US (October last year), overall he was not too much assistance, but…[Read more]

]]> 57c76bf7ac46c693028317c9442d8ca2 streamlineinvesting replied to the topic First Financed Property in the US in the forum Overseas Deals https://www.propertyinvesting.com/topic/4410510-first-financed-property-in-the-us/page/3/#post-4698174 Wed, 26 Mar 2014 07:58:08 +0000 Just an update, it looks like all the frustrations I have had over the last couple of months have been worth it! The house is now mine and deposit has been paid, still awaiting the actual title documents to come through but it look like I have finally made it!

I guess looking back there are a few questions I will be asking myself – 

* Would I do…[Read more]

]]> a5641228cc06f16dd2b27c6fb2d79450 streamlineinvesting replied to the topic Do i rent or do i buy first..? in the forum Help Needed! https://www.propertyinvesting.com/topic/4410865-do-i-rent-or-do-i-buy-first/#post-4700182 Tue, 25 Mar 2014 06:58:32 +0000 It is definitely a big decision, and of course a lot people are always going to want to have their 2 cents worth.

I have developed a spreadsheet which allows you to compare if it is worth buying a place or renting. Basically while renting you are able to save up more money for a deposit, and in turn will reduce the amount of a mortgage you will…[Read more]

]]> 269391fa9836b81ee756ef056d34c7d6 streamlineinvesting replied to the topic First Financed Property in the US in the forum Overseas Deals https://www.propertyinvesting.com/topic/4410510-first-financed-property-in-the-us/page/3/#post-4698172 Sat, 22 Mar 2014 07:29:59 +0000 I just do not understand why they are so pedantic about some things when other things seem so trivial….they cannot spell my address properly (despite telling them right from the start my suburb is spelt Carlingford, not, Carlingsford). And also telling them I do not work for Murphy Pipe Engineering, and that I am an Engineer at Murphy Pipe and…[Read more]

]]> df5d6ca4fcff3d6d3dd8f435e716ca0d streamlineinvesting replied to the topic Fund for child in offset or not? in the forum Finance https://www.propertyinvesting.com/topic/fund-for-child-in-offset-or-not/#post-4700014 Thu, 20 Mar 2014 01:38:25 +0000 I did a similar thing with my grandmother, she wanted to invest some money to pay for her funeral (morbid I know, but it was her money), and I offered to use my home loan.

Being family you obviously just offer them the same interest rate as the home loan, so it is no benefit or harm to you, but a great benefit to them (hopefully Karma is…[Read more]

]]> 7f2baf4fe64dc9da087bb9af5086e22c streamlineinvesting replied to the topic Best growth areas Central Coast/Newcastle NSW. in the forum General Property https://www.propertyinvesting.com/topic/4410841-best-growth-areas-central-coastnewcastle-nsw/#post-4700080 Thu, 20 Mar 2014 01:32:02 +0000 I was currently looking at properties around the Central Coast as well, initially was looking or a place in Sydney, but was just too expensive. I do not want to be under a burden of a mortgage for the rest of my life. Plus I really have no reason to be around Sydney, would much prefer be in a nicer, bigger place on Central Coast, just a short…[Read more]

]]> e0104e735338995f9d2aac6ab1b99a5f streamlineinvesting replied to the topic First Financed Property in the US in the forum Overseas Deals https://www.propertyinvesting.com/topic/4410510-first-financed-property-in-the-us/page/3/#post-4698169 Thu, 20 Mar 2014 01:29:38 +0000 Julsss1, the property is only $82,000, broken down into a $50,000 mortgage and $32,000 deposit (roughly, with some fees and such in there). The rent should cover everything. Currently the tenants are in the property paying $800 per month and the monthly repayments will be $425. So this leaves $375 a month for maintenance, property taxes, fees etc…[Read more]

]]> f999ab6628231f8c6b9d291067f42268 streamlineinvesting replied to the topic Fund for child in offset or not? in the forum Finance https://www.propertyinvesting.com/topic/4410827-fund-for-child-in-offset-or-not/#post-4700007 Sat, 15 Mar 2014 03:08:09 +0000 You could try and do something similar to what I did with a friend recently, basically I let him "invest" into my offset account.

So he puts his money into my offset account, and I offered him an interest rate slightly less than my interest rate for my home loan (which was a fair bit higher than the interest rate offered for a savings…[Read more]

]]> d09b0b122388737e17f99456cc09f9a6 streamlineinvesting replied to the topic First Financed Property in the US in the forum Overseas Deals https://www.propertyinvesting.com/topic/4410510-first-financed-property-in-the-us/page/3/#post-4698165 Wed, 12 Mar 2014 08:41:44 +0000 Well I appreciate your admiration, I just do not know why they make it so difficult…it has almost broken me I can tell you that.

All I am trying to do is give the US Banks some money, but doesn't even seem they want to let me.

]]> 0bc9f579230b19148582e88d2bc5e06e streamlineinvesting replied to the topic First Financed Property in the US in the forum Overseas Deals https://www.propertyinvesting.com/topic/4410510-first-financed-property-in-the-us/page/3/#post-4698162 Sun, 09 Mar 2014 01:51:18 +0000 Thought everything was sorted, then I got another hurdle to jump, hopefully should be the last one though. Unfortunately it may prove to be a near impossible one logistically.

Basically, with all the loan documentation, there is one document that needs to be notarised. Now that would be simple enough (about 6 documents needed notarising and that…[Read more]

]]> 16e9a211c25045211dffc2ff6477ed49 streamlineinvesting replied to the topic First Financed Property in the US in the forum Overseas Deals https://www.propertyinvesting.com/topic/4410510-first-financed-property-in-the-us/page/3/#post-4698161 Mon, 03 Mar 2014 09:00:42 +0000 Only one last thing left outstanding, just need to organise insurance for the property, should be just about there by tomorrow, frustrating having to wait for US to go over the weekend, everything just goes on hold for a few days.

Still worried something else will pop up causing another issue, I guess just a healthy bit of pessimism

]]> 3374e1853fbe2366dc809dcbca2afce1 streamlineinvesting replied to the topic First Financed Property in the US in the forum Overseas Deals https://www.propertyinvesting.com/topic/4410510-first-financed-property-in-the-us/page/3/#post-4698159 Tue, 25 Feb 2014 10:34:35 +0000 Well I believe I have provided everything to the bank so they are happy now to continue, at least they seem so for the moment anyway.

I do not really understand how one piece of paper saying how much I have earned in my current job signed by my payroll officer means more than all the payslips also signed by my payroll officer? But anyway it is…[Read more]

]]> 50f49486bcf6870f9b38ddae5fb71bd4 streamlineinvesting replied to the topic First Financed Property in the US in the forum Overseas Deals https://www.propertyinvesting.com/topic/4410510-first-financed-property-in-the-us/page/2/#post-4698156 Sat, 22 Feb 2014 07:50:16 +0000 Just an update –

Still awaiting finance to be approved…sigh.

Bank is requesting a credit report to be provided, I tried to send them one from Veda (seem to be one of only 3 companies in Australia that provide credit reports) but it did not suit their needs. They basically want proof of 3 trade lines where I have maintained good credit for the…[Read more]

]]> 9cd6511d12fd7313a6db17dbd8538be6 streamlineinvesting replied to the topic First Financed Property in the US in the forum Overseas Deals https://www.propertyinvesting.com/topic/4410510-first-financed-property-in-the-us/page/2/#post-4698147 Thu, 13 Feb 2014 23:52:36 +0000 To answer your questions regarding borrowing funds in Australia to purchase property in the US, I had 2 main reasons for choosing not to do this – 

* Interest rates are a lot lower in the US and I wanted to take advantage of this, with me being able to get an interest rate of 3.75% that is a lot more beneficial then in Australia where I do not…[Read more]

]]> e8b219e56d97f57210adbd782de68bfd streamlineinvesting replied to the topic Rockhampton QLD in the forum General Property https://www.propertyinvesting.com/topic/4410679-rockhampton-qld-2/#post-4699226 Sun, 09 Feb 2014 11:17:28 +0000 As Richard said, be wary of the low lying areas, a lot of undesirable people living in certain parts. Want to make sure you steer clear of them. 

]]> 74a94078f1ad5ac2ef9546922c0e0ebb streamlineinvesting replied to the topic New Zealand mortage broker & area review websites in the forum Help Needed! https://www.propertyinvesting.com/topic/4409900-new-zealand-mortage-broker-area-review-websites/#post-4694172 Fri, 07 Feb 2014 06:42:45 +0000 You can try these people – http://www.ifindproperty.co.nz/

Maree Tassell is her name, I have not previously dealt with her but enlisted to her newsletter when I was looking at investing in NZ, seems to send out some good deals every now and then. Has contacts over there which would be very useful as well.

If you do end up dealing with her, would…[Read more]

]]> 89ff213f985f485853770ce8cd982ddc streamlineinvesting replied to the topic First Financed Property in the US in the forum Overseas Deals https://www.propertyinvesting.com/topic/4410510-first-financed-property-in-the-us/page/2/#post-4698143 Thu, 06 Feb 2014 11:14:11 +0000 It is obvious now the banks were ridiculously greedy in 2006-2008 with outrageous loans to people who could obviously not afford them. But what they have done now is just taken a massive backwards step and have now just become too conservative it is no doubt hurting their own hip pocket. Last time I checked a bank makes a bit of money out of…[Read more]

]]> e6acfc1d2b7693ebfaabc951a2ecaa34 streamlineinvesting replied to the topic First Financed Property in the US in the forum Overseas Deals https://www.propertyinvesting.com/topic/4410510-first-financed-property-in-the-us/page/2/#post-4698141 Thu, 06 Feb 2014 00:06:54 +0000 Sigh….I thought I had all my forms sent off and everything was going well, then this morning I received a letter from Capital Bank with about 12 more requests from me, more things I have to provide. A lot of it really makes no sense – 

* Please provide proof of funds in your Commonwealth Bank account for closing…..even though I have more than…[Read more]

]]> 13043bbbd340b036e4818d2c3a449172 streamlineinvesting replied to the topic Another article predicting Australian property to crash in the forum General Property https://www.propertyinvesting.com/topic/4410660-another-article-predicting-australian-property-to-crash/#post-4699161 Wed, 05 Feb 2014 23:18:08 +0000 It seems that a lot of economists are predicting a downfall, but there are still some out there predicting that it will just keep going on it's merry way. Who is right and who is wrong? I guess only time will tell…..

As for supply and demand, well it may be simplistic it still holds true, the Australian government can control supply by only…[Read more]

]]> b2b6e8853be405a9fcf50d55aba04d83 streamlineinvesting replied to the topic Need help setting up. in the forum Help Needed! https://www.propertyinvesting.com/topic/4410632-need-help-setting-up/#post-4699005 Wed, 05 Feb 2014 11:34:31 +0000 Definitely recommend getting rid of the debt first, I know it may put off your RE dreams off for a bit, but no point adding a lot more debt to what you already have. Financial stress is not something you want to put onto yourself if you can help it. 

]]> bedcbdd02c4771aef64c3391351c4520 streamlineinvesting replied to the topic First Financed Property in the US in the forum Overseas Deals https://www.propertyinvesting.com/topic/4410510-first-financed-property-in-the-us/page/2/#post-4698140 Tue, 04 Feb 2014 02:39:00 +0000 Finally able to meet up with a Notary Public and have the final form "Notarized", difficult to find one seeing as I spend most of my time out in Rural QLD where I work. But I was able to duck into Toowoomba and meet up with a great bloke who did the job for me, and then I was able to scan and email it through to my US Agent and she was able to…[Read more]

]]> 469e3695420e658366de3e0cc7d7e78d streamlineinvesting replied to the topic 13 year old wants to become a property developer in the forum Help Needed! https://www.propertyinvesting.com/topic/4410639-13-year-old-wants-to-become-a-property-developer/#post-4699045 Sun, 02 Feb 2014 10:11:32 +0000 Hi Tom,

As others have said, University is a personal choice, definitely not essential. I know in my university degree (civil engineering) I did not learn too much about how to be a good engineer, I learnt everything as soon as I stepped into the workforce, in the end I feel like the only reason I did the course to get a piece of paper which…[Read more]

]]> cdeecdab875fcd5b94465c9c95a7f815 streamlineinvesting replied to the topic First Financed Property in the US in the forum Overseas Deals https://www.propertyinvesting.com/topic/4410510-first-financed-property-in-the-us/#post-4698137 Fri, 31 Jan 2014 23:49:30 +0000 Just to keep it updated – 

I have submitted all of my loan documents except one (approximately 20 documents all together), the only one I have left to submit is a US Agent Authorization form, it seems like a useless form, it states 

"As my authorized US Agent in the United States. This appointment includes but is not limited to acting as a…[Read more]

]]> 2a4e06005fa887780e1c2824d2f6c46c streamlineinvesting replied to the topic Setting up US LLC and Bank Accounts in the forum Overseas Deals https://www.propertyinvesting.com/topic/4410599-setting-up-us-llc-and-bank-accounts/#post-4698767 Sun, 26 Jan 2014 23:40:12 +0000 Only cost be about $300 to set up both of my LLC ($600 total), may have gone the budget version but they still do what I need to do so cannot complain.

As for US Bank Accounts I have had a lot of bad luck, I was able to get a bank account set up with BB&T Bank remotely (without even visiting the country) but they closed the account about a week…[Read more]

]]> 7e197000591107297566e2f3a53f7595 streamlineinvesting replied to the topic First Financed Property in the US in the forum Overseas Deals https://www.propertyinvesting.com/topic/4410510-first-financed-property-in-the-us/#post-4698131 Fri, 24 Jan 2014 09:14:29 +0000 Well hopefully now that I have the loan documents it should all be completed very quickly and smoothly. Our initial closing date we just said anticipated closing to be in a month (which was mid February) so we just aimed for that, looks like we are slightly ahead of target there so that is good news. Still a little way to go yet.

There is one…[Read more]

]]> bb7359e27088675d1f1928c4f18c4d7a streamlineinvesting replied to the topic First Financed Property in the US in the forum Overseas Deals https://www.propertyinvesting.com/topic/4410510-first-financed-property-in-the-us/#post-4698129 Thu, 23 Jan 2014 10:58:45 +0000 When we had to get documents notarized we found a guy in Sydney who was very willing to help us out, wasn't cheap (about $50 per document I believe) but he was very helpful and a pleasure to deal with.

Just to update on the proceedings, I have now received the Loan Documents from Capital Bank, seems to be a never ending list of documents to sign!…[Read more]

]]> c201f352242efcbb8ec500fcbf99334e streamlineinvesting replied to the topic How do you calcuate Yeild? in the forum Help Needed! https://www.propertyinvesting.com/topic/4410563-how-do-you-calcuate-yeild/#post-4698591 Mon, 20 Jan 2014 14:49:16 +0000 I agree with the earlier posts, you really need to take into consideration all the costs associated with maintaining a property to calculate numbers effectively, such as rates, strata, utilities etc to be able to calculate yield.

But as was said before, yield is just a number, it does not mean much and you can manipulate numbers very easily to…[Read more]

]]> 24031d2dd01f82258980d23b41e0ba43 streamlineinvesting replied to the topic How best to use a short term cash loan? in the forum Finance https://www.propertyinvesting.com/topic/4410550-how-best-to-use-a-short-term-cash-loan/#post-4698512 Sat, 18 Jan 2014 14:01:18 +0000 Interesting situation, I would try and borrow as little as possible because a few dollars between friends can quickly turn friendship into enemies, that is the last thing you want. 

Care to explain how this exactly works, like if they give you enough money for the deposit, are you going to be able to save up enough money in a couple of months to…[Read more]

]]> a8178f2129778f904b27f9671ccc543f streamlineinvesting replied to the topic First Financed Property in the US in the forum Overseas Deals https://www.propertyinvesting.com/topic/4410510-first-financed-property-in-the-us/#post-4698126 Sat, 11 Jan 2014 05:56:37 +0000 I remember with my first property we had to chase down a notary public to sign the documents. It was quite a hassle because a Notary Public over there is the equivalent of a Justice of the Peace, so they are really easy to find over there but very difficult to find over in Australia. Not so much difficult but expensive, I remember we had to pay…[Read more]

]]> 67046938419f9d0cdebdc59eecee8270 streamlineinvesting replied to the topic First Financed Property in the US in the forum Overseas Deals https://www.propertyinvesting.com/topic/4410510-first-financed-property-in-the-us/#post-4698122 Fri, 10 Jan 2014 14:31:42 +0000 The finance will be with Capital Bank, same bank I have my bank accounts with over there so that has made things run a bit smoother. Also the loan will be in my LLC's name as oppose to my own.

Yes I was surprised to see loans at such low values, but I talked to a mortgage broker when I was last over there and he said they would generally go as…[Read more]

]]> 13f7150b8fc18a77f3a77c1c5f88e067 streamlineinvesting replied to the topic Tax for Capital Gains on a Property I do not own in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4410444-tax-for-capital-gains-on-a-property-i-do-not-own/#post-4697564 Sun, 29 Dec 2013 10:58:01 +0000 You are definitely right, there is an opportunity here to make some money and I am looking to take advantage of that. Someone has to make the money so may as well keep it in the family if possible?

As for taking longer to sell due to renovations, she wants to sell the property around March next year, and I am looking to have the renovations…[Read more]

]]> ba2dc0048741f445b19960943df09434 streamlineinvesting replied to the topic Tax for Capital Gains on a Property I do not own in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4410444-tax-for-capital-gains-on-a-property-i-do-not-own/#post-4697561 Sun, 22 Dec 2013 04:48:24 +0000 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]

]]> 2fbaa9fdbbae772aa2df567e294450c6 streamlineinvesting replied to the topic Commonwealth Games Investing in the forum Creative Investing https://www.propertyinvesting.com/topic/4410288-commonwealth-games-investing/#post-4696419 Tue, 19 Nov 2013 12:16:42 +0000 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]

]]> 081883f50788a1f0c8f2ebe37d121135 streamlineinvesting replied to the topic My Trip to the US in the forum Overseas Deals https://www.propertyinvesting.com/topic/4410133-my-trip-to-the-us/#post-4695463 Tue, 22 Oct 2013 22:22:24 +0000 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]

]]> 3a6a035b5a6acb783f3a0adc63eeface streamlineinvesting replied to the topic Buying investment property off family member in the forum Help Needed! https://www.propertyinvesting.com/topic/4410157-buying-investment-property-off-family-member/#post-4695633 Mon, 21 Oct 2013 10:15:21 +0000 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]

]]> 37fcf63a1be45ac2d680774dfd24ef45 streamlineinvesting replied to the topic My Trip to the US in the forum Overseas Deals https://www.propertyinvesting.com/topic/4410133-my-trip-to-the-us/#post-4695459 Tue, 15 Oct 2013 09:11:42 +0000 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]

]]> 6e6c1a32d5a685a3237a772b858cbbd7 streamlineinvesting replied to the topic Chinchilla Qld the place to be ? in the forum Help Needed! https://www.propertyinvesting.com/topic/4409080-chinchilla-qld-the-place-to-be/#post-4689119 Mon, 01 Apr 2013 00:07:21 +0000 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]

]]> 7235cdc534d0c61c202ceda8ed3e0e07 streamlineinvesting replied to the topic Japanese Banks for Aussie Mortgages in the forum Finance https://www.propertyinvesting.com/topic/4408090-japanese-banks-for-aussie-mortgages/#post-4680938 Thu, 15 Nov 2012 22:27:12 +0000 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.

]]> 62e01bbaa60d176860d653b02ae953a6 streamlineinvesting replied to the topic Japanese Banks for Aussie Mortgages in the forum Finance https://www.propertyinvesting.com/topic/4408090-japanese-banks-for-aussie-mortgages/#post-4680935 Wed, 14 Nov 2012 08:44:33 +0000 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.

]]> 1e0f34921dc5a19f2cef72ca53fa6328 streamlineinvesting replied to the topic Just returned from the USA - My Report in the forum Interesting thread. Every https://www.propertyinvesting.com/topic/4406471-just-returned-from-the-usa-my-report/page/3/#post-4668753 Wed, 12 Sep 2012 04:18:28 +0000 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]

]]> 00cf0fa402dddf0d8a489ac2d5e0adf5 streamlineinvesting 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/4/#post-4666292 Wed, 29 Aug 2012 05:29:43 +0000 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]

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