PropertyInvesting.com | sundirtwater | Activity https://www.propertyinvesting.com/members/sundirtwater/activity/ Activity feed for sundirtwater. Wed, 15 Apr 2026 00:50:25 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 9d467beda6920d0766718f297fa02081 sundirtwater replied to the topic TEXAS VS FLORIDA An Example of different US Property Markets in the forum Overseas Deals https://www.propertyinvesting.com/topic/4408495-texas-vs-florida-an-example-of-different-us-property-markets/page/2/#post-4684353 Wed, 29 May 2013 02:35:09 +0000 The 14% return assumes you can get financing on it that is similar to what an American can obtain (ie. <5%, fixed for 30yrs with 20% deposit) but I can't see any way that an Australian can access that type of financing.

]]> 8f6ad6052eec705fd36e747913790ffc sundirtwater replied to the topic Long term (25yr) fixed rate low interest rate loans? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4409219-long-term-25yr-fixed-rate-low-interest-rate-loans/#post-4690050 Thu, 02 May 2013 08:20:56 +0000 Could someone a little less agitated and familiar with US lending help with my query? I don't want someone to tell me it can't be done. I want someone to tell me why it can't be done please.

Prelim. Cheeves says a US permanent resident is unable to obtain the same type of loans as a US citizen. I certainly find that hard to believe – anyone else…[Read more]

]]> 4e7aff451bbc1aa2501ca3b796178e64 sundirtwater replied to the topic Long term (25yr) fixed rate low interest rate loans? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4409219-long-term-25yr-fixed-rate-low-interest-rate-loans/#post-4690048 Thu, 02 May 2013 03:41:10 +0000 Thanks Joel.
However in the scenario mentioned above the lender would have recourse because property #1 is paid for in cash, owned free and clear and can be used as guarantee. If the borrower defaulted the bank can go after that asset right?

]]> 3f2feeb9c5e96034e81d52fb38afa678 sundirtwater replied to the topic Long term (25yr) fixed rate low interest rate loans? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4409219-long-term-25yr-fixed-rate-low-interest-rate-loans/#post-4690046 Thu, 02 May 2013 02:41:25 +0000 Why only for US citizens? (I think you mean US residents right – US permanent residents should have access to the same financing right?). But I am asking what is the reason that banks will only give high LVRs and good rates to US citizens? You deal with the banks so hopefully you know their reasons?

Or can anyone else in the financial industry…[Read more]

]]> 08affe97ae4feb838c283754c115193e sundirtwater replied to the topic Long term (25yr) fixed rate low interest rate loans? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4409219-long-term-25yr-fixed-rate-low-interest-rate-loans/#post-4690044 Wed, 01 May 2013 22:51:20 +0000 Thanks Cheeves.
I don't understand why LVR would be different for a non resident, particularly if they can demonstrate equity and serviceability and also given that banks are starting to lend to weak borrowers all over again:
http://blogs.cfed.org/cfed_news_clips/2013/04/did-we-learn-anything-from-the.html

]]> c960f5d49c2cb17b3a8775a5010b2364 sundirtwater replied to the topic Long term (25yr) fixed rate low interest rate loans? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4409219-long-term-25yr-fixed-rate-low-interest-rate-loans/#post-4690042 Wed, 01 May 2013 20:53:52 +0000 Yes that's what I mean – I pay 100% cash for a US property, say $100k and own it free and clear. I would then be interested in the type of residential loan that any American could obtain. Could you explain:
why LVR couldn't be 80-85%?
what 2yrs of debt means (interest payments for two years ahead??)
why a residential housing loan is not possible…[Read more]

]]> f4a85a01c811d598914b7436126a1c1c sundirtwater replied to the topic Long term (25yr) fixed rate low interest rate loans? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4409219-long-term-25yr-fixed-rate-low-interest-rate-loans/#post-4690040 Wed, 01 May 2013 20:20:12 +0000 Thanks Cheeves.
To clarify you are saying those loans don't exist for foreigners but they do exist for Americans?
If I purchased property number one with 100% cash down and then used the equity in that to finance property two would i be able to obtain similar terms to what an American can (say 20% down, <5% 30yr fixed-rate) for property number…[Read more]

]]> 9fd5f4cc6fe2ef9abafbff91abd543e1 sundirtwater replied to the topic Long term (25yr) fixed rate low interest rate loans? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4409219-long-term-25yr-fixed-rate-low-interest-rate-loans/#post-4690038 Wed, 01 May 2013 05:33:31 +0000 Actually its more like $50k in NZ. Have a look on trademe.co.nz – there's heaps in the regional areas.

]]> 2197f9020d118c0ee64733ae8be48a32 sundirtwater replied to the topic Long term (25yr) fixed rate low interest rate loans? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4409219-long-term-25yr-fixed-rate-low-interest-rate-loans/#post-4690036 Tue, 30 Apr 2013 01:16:30 +0000 Thanks Jamie. I am familiar with some of the regional areas (like Sunshine Coast) and I worked on the mines too but am looking for countries where I can obtain a fixed rate long term loan?

]]> fb41e05ffabea7ae591677cd2e60c0a6 sundirtwater replied to the topic Long term (25yr) fixed rate low interest rate loans? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4409219-long-term-25yr-fixed-rate-low-interest-rate-loans/#post-4690034 Mon, 29 Apr 2013 23:44:09 +0000 Any suggestions from anyone?

]]> c2d2dc3e34da1fc22839fc91832fa4a9 sundirtwater replied to the topic MIAMI (ad)VICE in the forum Overseas Deals https://www.propertyinvesting.com/topic/4401354-miami-advice/page/20/#post-4633177 Wed, 24 Apr 2013 03:40:17 +0000 Hello Steve,
Are you still there and investing in Miami?

]]> d3f96f9b5cf7b07d8bbcdd2ab20927d8 sundirtwater replied to the topic What would Steve say to $20k houses in derelict USA? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4407530-what-would-steve-say-to-20k-houses-in-derelict-usa/#post-4676791 Fri, 21 Sep 2012 21:15:55 +0000 Wow. How did you get it for $16k off the asking price? And give us the breakdown:
Any reno costs?
Rental income? Vacancy rates?
Property mgt?

]]> b4ebe772b15d95967d99b87a3e900bfc sundirtwater replied to the topic What would Steve say to $20k houses in derelict USA? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4407530-what-would-steve-say-to-20k-houses-in-derelict-usa/#post-4676785 Mon, 17 Sep 2012 02:24:25 +0000 Point taken dgirl.

HOWEVER, Steve recently was talking about his experience with Uncle Zally about buying up these types of houses; well at least it sounded like that because UZ was saying he wouldn't enter those areas; so it makes me think he is still at work with this strategy. Obviously the trick is if you can get it property managed…[Read more]

]]> be0df811df51670a1c3b6675aa339229 sundirtwater replied to the topic MIAMI (ad)VICE in the forum Overseas Deals https://www.propertyinvesting.com/topic/4401354-miami-advice/page/20/#post-4633176 Mon, 17 Sep 2012 02:12:40 +0000 Hi Steve,
How about a market update from you? I've been hearing about a bit of an upswing and was wondering what your experience on the ground currently is? SFH's in your area going up in price? REOs hard to come by etc.?
Stefan

]]> 3fe21848e66da442dba30356b7a1df40 sundirtwater replied to the topic What would Steve say to $20k houses in derelict USA? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4407530-what-would-steve-say-to-20k-houses-in-derelict-usa/#post-4676783 Thu, 06 Sep 2012 23:33:57 +0000 "Location, like in Australia, is key".

I bet Steve would disagree – I understand your point but you would have said the same thing to Steve 13yrs ago and he would have ignored you and bought dodgy houses in dodgy suburbs in Ballarat, Tassie and NZ….

]]> 3081902ee1083afc5d945d283791069b sundirtwater replied to the topic MIAMI (ad)VICE in the forum Overseas Deals https://www.propertyinvesting.com/topic/4401354-miami-advice/page/20/#post-4633174 Wed, 09 May 2012 04:29:21 +0000 Steve,By way of comparison with your 3 houses what are your thoughts on investing in apartments on Miami Beach? I imagine you can get them pretty cheap. How many would you get for $300k and what would be the comparable rental returns on them after tax? Also since your strategy is capital growth would you not achieve the same thing with buying…[Read more]

]]> 68b7f641e85da8b44569e1fc413f958a sundirtwater 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/2/#post-4669341 Wed, 09 May 2012 04:22:17 +0000 triptizehd wrote:
I suppose for us the appeal is the opportunities, the relatively low cost of living, tons of cultural diversity, and a sense of adventure.. So far I haven't regretted making the move.

Hi Tripti,I'm from the Sunshine Coast as well and would love to hear your Miami ad(Vice) as well as you go along – how about starting a new…[Read more]

]]> 34dfba85eaa5aa4a28a1a0572c9b13a2 sundirtwater replied to the topic MIAMI (ad)VICE in the forum Overseas Deals https://www.propertyinvesting.com/topic/4401354-miami-advice/page/19/#post-4633153 Thu, 19 Apr 2012 03:59:51 +0000 British Buyer wrote:
Hi Fellow ReadersHaving been here for over a year now, I can say I've learnt a hell of a lot about this country, this city, its people, its problems, and even about myself.  However, this is not a forum about philosophy or politics, so I shall stick to property.

I'm up for some of your general observations Steve. The…[Read more]

]]> 117202492f6480e6c98c8c6c7ce319aa sundirtwater replied to the topic MIAMI (ad)VICE in the forum Overseas Deals https://www.propertyinvesting.com/topic/4401354-miami-advice/page/19/#post-4633146 Wed, 09 Nov 2011 02:27:27 +0000 Hi Steve,It's now been over a year since you first posted this excellent thread and I'd love an update on how your thinking/stragey has developed since you first investigated, visited and the returned to live permamently in Miami? An update on your most recent purchase and also whether you have bought any more SFHs on the island (or are you l…[Read more]

]]> f7747756da219388d8e0e1a2c82b64f8 sundirtwater replied to the topic MIAMI (ad)VICE in the forum Overseas Deals https://www.propertyinvesting.com/topic/4401354-miami-advice/page/18/#post-4633140 Mon, 05 Sep 2011 11:33:23 +0000 Steve,
Thanks very much for all the information in this thread – its fantastic!
I’d very much appreciate if you were able to continue to update us with info on the houses you are currently looking at and your experiences.
Also, could you give some idea of what a) a SFH needing reno work on Miami Beach that you could pick up for $250k would rent…[Read more]

]]> bcb08fe88d7e86d84ddeee384d8ee9c4 sundirtwater replied to the topic permament site in caravan park in the forum Creative Investing https://www.propertyinvesting.com/topic/4392006-permament-site-in-caravan-park/#post-4581083 Mon, 21 Jan 2008 09:42:50 +0000 Daedalus wrote:
Hi,I'd be interested in what you find out though…Daedalus.

Legal advice I received was that, unlike other areas of society, land arrangements MUST be in writing and therefore a verbal agreement to have a permament site means nothing….

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