https://www.propertyinvesting.com/members/troy-mcervale/activity/ Activity feed for Troy McErvale. Sat, 11 Apr 2026 20:50:31 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 bcdfb8c48f09c9bd2f686fc6d7329419 https://www.propertyinvesting.com/topic/4409701-landlord-insurance-in-the-usa-finally/#post-4693250 Tue, 21 Jan 2014 00:40:06 +0000 Hi DG Hayes – your policy is a different sort of policy completely. The policy here is fantastic – the same sort of policy as Australians are familiar with, and the only one of its type in the US

]]> e9f049856c773536e12e0cd2e2924d85 https://www.propertyinvesting.com/topic/4405586-can-a-real-estate-broker-and-a-lawyer-start-a-real-estate-company-together/#post-4661751 Fri, 27 Apr 2012 13:21:34 +0000 You asked whether an individual who is not licenced as a real estate agent / realtor can be "part of the brokers company". By "part of" I assume you mean have ownership interests.It is unclear what country you are in, so you cannot receive advice about this without that issue being certain. I assume the USA, as you use the words "broker" and…[Read more]

]]> 593a829b8c9c9ce2bf6661fce5999d19 https://www.propertyinvesting.com/topic/4404203-usa-loan-for-foreigners-at-90-lvr/#post-4651667 Wed, 20 Jul 2011 13:20:37 +0000 Hi TerryThe lender's recourse in this case is limited to the assets of the borrowing entity. So if borrowing in personal name, then recourse will be to assets of the individual borrower. However if borrowing in an LLC name, limited to the assets of that LLC only.Hope that clears it up

]]> 42aed5d30c521453fa2d5caf82bb3dbd https://www.propertyinvesting.com/topic/4404203-usa-loan-for-foreigners-at-90-lvr/#post-4651662 Sun, 17 Jul 2011 17:31:33 +0000 Up to 90% of appraised value – never purchase price.No cash reserves or pledging any cash reserves or cross securitisation requiredNot crewdit score based – foreigners will nto have a US credit scoreI am not sure what you mean by "dangerous loans". Maybe what you mean is that they can be negatively cashflowing if the buyer doesn't understand net…[Read more]

]]> b8b47f0cdaa322f792de28ee03ea06c6 https://www.propertyinvesting.com/topic/4404203-usa-loan-for-foreigners-at-90-lvr/#post-4651660 Sun, 17 Jul 2011 13:52:02 +0000 Every State in the USA

]]> 11402f8e072da3be5c798f08b0da49ef https://www.propertyinvesting.com/topic/4404203-usa-loan-for-foreigners-at-90-lvr/#post-4651658 Fri, 15 Jul 2011 11:09:55 +0000 Hi JLHI understand why you would think that. Because, as you rightly point out, most private money lenders don't go any higher than 60 or 70% LVR / LTV.This one does. PLUS there are no restrictions on property type – buy one yourself, use an advocacy service, or refinance a property you already own.That is what makes it so unusual.

]]> 0f1128c85a82bfc404c3ded53b5b4fa4 https://www.propertyinvesting.com/topic/4404203-usa-loan-for-foreigners-at-90-lvr/#post-4651654 Fri, 15 Jul 2011 00:19:26 +0000 Private money lender with rates staring at 9.5% at 65% LTV, and rates increasing as the LVR increases.When you are looking at properties under $100K, these types of loans fill the gap nicely that is currently unserviced. The difference in repayments on a loan of say $50K, between an interest rate of 6.5% and 9.5% is only $125 per month. And often…[Read more]

]]> c89d87a2a953faff120cd6033477dab2 https://www.propertyinvesting.com/topic/4403075-90-95-home-loan-non-genuine-savings/#post-4643768 Tue, 22 Mar 2011 14:47:14 +0000 There are a few lenders around now that will do 95% with no genuine savings. However not to finance out of a terms contract.I deal with a number of lenders that will consider at 80% withough genuine savings.I don' think financing out is an option available to you just yet

]]> ccf89213c69293e348ea0612f084d5db https://www.propertyinvesting.com/topic/4402961-rpm-nationwide-debtmortgage-reductio-and-asset-building-specialists/#post-4643123 Tue, 22 Mar 2011 14:44:52 +0000 Good advice TerryW

]]> 8ff6e86ba0662c3976f8849bd3ec1701 https://www.propertyinvesting.com/topic/4403036-leveraging-in-the-us-money-market/#post-4643572 Tue, 22 Mar 2011 14:40:44 +0000 Hi jawsjsHate to disagree with you, however there are a few options for Australians purchasing in the US. There are not a lot I will agree, but there are some. Much of it is dependent upon the price of the property and the State it is located in.My understanding of assumable mortgages is that any assumption need to be approved by the lender, and…[Read more]

]]> a2f1a32fb9468f00cd72a246abf456a8 https://www.propertyinvesting.com/topic/4402370-how-to-finance-a-property-in-the-usa/#post-4639241 Tue, 22 Mar 2011 14:32:15 +0000 AdamThere are a few ways to finance your US purchase1. Use equity in your existing Australain property, and set up a line of credit to access it. Draw down this credit, and use this as your purchase monies – whether it be to purchase your US properety with cash, or to use as a deposit2. Qualify for a mortgage with a US funder. These are in small…[Read more]

]]> 6618a4f2502baa74d615be08471f4e74 https://www.propertyinvesting.com/topic/4403036-leveraging-in-the-us-money-market/#post-4643568 Tue, 15 Mar 2011 16:59:01 +0000 See my post at https://www.propertyinvesting.com/forums/property-investing/overseas-deals/4335151Cheers

]]> 3c5602068420ab99563810e8d7021d73 https://www.propertyinvesting.com/topic/4402370-how-to-finance-a-property-in-the-usa/#post-4639236 Mon, 14 Mar 2011 20:38:29 +0000 Cheeves Financial – Seasoning is waived until the end of 2011.

]]> 72897b376b410b799122818b06205778 https://www.propertyinvesting.com/topic/4402735-financing-for-investment-properties-non-us-foreign-investor/#post-4641558 Mon, 14 Mar 2011 20:37:13 +0000 Hi LeoFinancing in the US is markedly different than in Australia. The two countries have very little in common.I have been the owner of a mortgage broking firm in Australia for over 10 years, and also have an office in the US; where I base myself for a lot of the year. I can't comment too much on Loans USA, but it is probably a good idea to s…[Read more]

]]> f7f4f778b32167f09a6da9af814ed66c https://www.propertyinvesting.com/topic/4402370-how-to-finance-a-property-in-the-usa/#post-4639232 Fri, 11 Mar 2011 20:03:50 +0000 Hi Detroit DanJust appointed a new lender this week that will lend to non-residents up to 75% LTV (but more likely 65% for most) in any State at most price ranges.Pretty exciting – standby for more information to come in a new thread

]]> ef5473c5bf608f6b09f0e177c6f3b047 https://www.propertyinvesting.com/topic/4402822-useful-buffett-insight/page/2/#post-4642168 Thu, 17 Feb 2011 18:15:36 +0000 I have been hearing self-appointed experts say for a couple of years now that there is a housing bubble, and that property values are going to fall from the sky. We are all doomed, and everybody should sell their property now, or risk facing massive losses.If you say something for long enough, eventually, that fact will become true. However over a…[Read more]

]]> aa5c63ae517d6208d9d047fdc4807002 https://www.propertyinvesting.com/topic/4402569-financing-u-s-property/#post-4640455 Thu, 17 Feb 2011 18:08:43 +0000 Crusty – JB Global run this index option, and after having a look at it about 6 months ago, it appears quite low risk. Capital protection at 100%, with worst downside being loss of interest. But if yield is not high enough to cover intrest, what is the point? You cannot control yield, yet direct investment you can at least have control soewhat…[Read more]

]]> bcee14496fb64b70ca6b15b94fde3282 https://www.propertyinvesting.com/topic/4402569-financing-u-s-property/#post-4640452 Fri, 11 Feb 2011 22:29:10 +0000 Thanks for the feedback CheevesFinancial.With what Nigel does…. Nobody wants a mortgage. They want what a mortgage can give them. That is, they want to purchase a property, usually with as little money as possible. So an assumable mortgage is a solution, although they are quite rare now as not many lenders allow it . A purchase money mortgage…[Read more]

]]> d3019d2790923df7b300e2d885179fef https://www.propertyinvesting.com/topic/4402569-financing-u-s-property/#post-4640446 Thu, 10 Feb 2011 14:33:50 +0000 Hi allSee my post on this website a month ago – it is quite extensive and will give you some insight into how financing in the USA works for foreign nationalshttps://www.propertyinvesting.com/forums/property-investing/overseas-deals/4335151

]]> bfb90b3e9f7582b57cad004b729a25f9 https://www.propertyinvesting.com/topic/4378032-interest-free-loans-in-nz/#post-4502375 Fri, 07 Jan 2011 17:01:24 +0000 Stay away. It is a scam

]]> 7133e89834130b173963401ad7bcaa8f https://www.propertyinvesting.com/topic/4402011-us-finance-once-again/#post-4637035 Fri, 07 Jan 2011 16:59:37 +0000 Finance is possible for Australians. If you live in Australia, it is harder than if you are a non-resident. The property location in the US is also a factor, as is the purchase price.Happy to advise you personally if you want further information. Just send me an e-mail.

]]> bf16106d17a7b9eef523e090c736c7a1 https://www.propertyinvesting.com/topic/4402279-financing-usa-property/#post-4638653 Mon, 03 Jan 2011 19:06:33 +0000 Feel free to e-mail me if you like – troy@freedomhomeloans.com.auI have been a mortgage broker for 10 years in Australia. and have a good knowledge of financing options in the US as well. If I cannot help you, I may know somebody who can.

]]> 5993c28fae64b8baad6c3c94214916c2 https://www.propertyinvesting.com/topic/4402279-financing-usa-property/#post-4638650 Mon, 03 Jan 2011 17:52:47 +0000 Achieving a mortgage for a non resident is almost impossible, but still able to be achieved, depending on a number of factors. The biggest problem is that the almost sole source of liquidity for US lenders is Fannie Mae, and Fannie Mae (nor Ginnie Mae or Freddie Mac for that matter) extend credit to individuals who are not a citizen nor resident…[Read more]

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