PropertyInvesting.com | usainvestor | Activity https://www.propertyinvesting.com/members/usainvestor/activity/ Activity feed for usainvestor. Mon, 13 Apr 2026 01:40:45 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 746b89e98eaaa05893b486718ebd5a04 usainvestor replied to the topic Wow overseas deals threads sure have died.. in the forum Freckle][quote=jayhinrichs https://www.propertyinvesting.com/topic/4409697-wow-overseas-deals-threads-sure-have-died/#post-4693217 Sun, 04 Aug 2013 03:41:27 +0000 Freckle wrote:

There are those now who are entering at what is virtually the top of the market with lots of downside risk. .

I tend to agree that those now entering the market are lambs to the slaughter. They will be hoping for increases as have occurred over the last year or so but they don't understand the limitations of the US general…[Read more]

]]> ee80fe6f600f801520a8a709164e5cad usainvestor replied to the topic Wow overseas deals threads sure have died.. in the forum Overseas Deals https://www.propertyinvesting.com/topic/4409697-wow-overseas-deals-threads-sure-have-died/#post-4693210 Thu, 01 Aug 2013 08:04:22 +0000 Jay

As has been the case all along the returns in the US have to be very generous or else the headaches associated with investing in a different jurisdiction is just not worth the effort.

Thus with the reduced returns from more expensive US properties and then add to that the falling AUD and the limited capital gains in the US why would any sane…[Read more]

]]> 90cab909801e46387815516e1de96ccb usainvestor replied to the topic Setting up a US bank account from Australia in the forum Overseas Deals https://www.propertyinvesting.com/topic/4409581-setting-up-a-us-bank-account-from-australia/#post-4692499 Thu, 01 Aug 2013 06:08:26 +0000 Lot's of people are now getting 'dear john' letters from Wells Fargo.

It seems anyone who opened an account without actually being physically present is having those account summarily closed and they will send you a cheque for the funds remaining in the account.

The deadline for the closure is early September.

Seems that the Patriot act the the…[Read more]

]]> 53bf352a86e08ab353451bf90192eb72 usainvestor replied to the topic Fortis Global Property Solutions - Property Management in Atlanta in the forum Overseas Deals https://www.propertyinvesting.com/topic/4407111-fortis-global-property-solutions-property-management-in-atlanta/#post-4673680 Tue, 09 Oct 2012 21:42:40 +0000 Hi Jay

Understand that there would be a legal process prior to a lean (as is in Australia).

What I meant is that at least there appear to be some assets that could be pursued if you get a favorable judgment.

The question is how many $5k chucks has he ripped and would there be room for a class type action?

Regards

]]> 08f2b178b889a4d4ed580465e94b513e usainvestor replied to the topic Fortis Global Property Solutions - Property Management in Atlanta in the forum Overseas Deals https://www.propertyinvesting.com/topic/4407111-fortis-global-property-solutions-property-management-in-atlanta/#post-4673678 Tue, 09 Oct 2012 01:00:00 +0000 <moderator: delete personal comment>

I have found a house that's owned by a Corey Fuller

The address is 2270 Sheryl Dr Decartur 30032

Parcel ID 15 138 01 011

He also comes up under a company

Fortis capital

http://www.fortiscapitalpartners.com/Index.htm

But there are no contact details.

And he comes up under Fotis Capital Partners LLC but…[Read more]

]]> 130d68063098bbe39c5942625f11568d usainvestor replied to the topic US BANK ACCOUNT in the forum Overseas Deals https://www.propertyinvesting.com/topic/4407583-us-bank-account/#post-4677142 Mon, 17 Sep 2012 22:28:16 +0000 Just need your passport and maybe your drivers license. I can't remember whether I had to use my drivers license but you should have it with you anyway.

We went to this branch only because a friend had used this branch a month previously so they were aware of Australia.

Wells Fargo

3800 Howard Hughes Parkway
Las Vegas, NV 89169, United…[Read more]

]]> 52913689d5c1068f2f4954fa21cf7cdb usainvestor replied to the topic Warning re: Wells Fargo Bank toll-free number! in the forum Overseas Deals https://www.propertyinvesting.com/topic/4407452-warning-re-wells-fargo-bank-toll-free-number/#post-4676334 Mon, 03 Sep 2012 00:38:51 +0000 I just don't understand why people are still using their own mobile's or services that you need to pay for!!!

Use google voice you can make all calls to the US mobile or land line completely free of charge,

Have now used this service for many hours.

Regards

]]> 66e3e7aca1c6d438ee27d790b053f511 usainvestor replied to the topic Realtor in Atlanta in the forum Overseas Deals https://www.propertyinvesting.com/topic/4406965-realtor-in-atlanta/#post-4672601 Wed, 04 Jul 2012 04:18:38 +0000 emma171 wrote:
Calorie count = task … Hate Squats (don't we all) – how much does squatting to paint baseboard trim in semi gloss paint add to your house? $3000 – how many squats does it equal = 3,000 – calories burnt ENDLESS – do you NOTICE them  – NUP… your house looks prettier though – your arse just burns afterwards…. I have NEVER in…[Read more]

]]> 7bafc6fcb100b9d7359c16285cfe5920 usainvestor replied to the topic Who can I trust? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4406645-who-can-i-trust/page/3/#post-4670241 Sat, 16 Jun 2012 09:15:32 +0000 Ilovehouses wrote:
Not sure if anyone can help me.  I became the money partner in a property purchase in the U.S.  The deal was that I would buy the property plus provide the funds for the rehab.  The property was already pre-sold  I was to receive 17% in 3 months time.  I have a lien over the property and a promissory note from the this guy.…[Read more]

]]> 4d797c87dd745cd7c9ccfbc2e80642f2 usainvestor replied to the topic I have been asked for people willing to tell their 'Ive been ripped off' US RE story - Please help. in the forum Overseas Deals https://www.propertyinvesting.com/topic/4405465-i-have-been-asked-for-people-willing-to-tell-their-ive-been-ripped-off-us-re-story-please-help/#post-4660878 Tue, 05 Jun 2012 13:15:12 +0000 emma171 wrote:
I am in Atlanta if that helps and will lend myself to the cause… As we only charge $115, $1500 to paint a house up to 2200 sq ft and 7% of gross rents for property management with no renewal or reletting fee, if you need someone on the ground I HATE PEOPLE BEING SCREWED HERE!!!If you paid over 8k for repairs and that didn't…[Read more]

]]> e1bdc88ef199eac5830347be8c7b7ff1 usainvestor replied to the topic Managing the Property Manager's in US in the forum Overseas Deals https://www.propertyinvesting.com/topic/4406404-managing-the-property-managers-in-us/page/2/#post-4668208 Thu, 31 May 2012 01:58:13 +0000 jayhinrichs wrote:
WI thanks for sharing,, thats about what I was figuring on your out lay for the props and such…And as you say you stay on them daily to weekly you will mitigate a lot of what goes on…. My point is for everyone that is up for the task like yourselves there are others that are sold this product with the mind set that the PM…[Read more]

]]> 40997a8afe4983da183894635aea40c7 usainvestor replied to the topic Taxes for USA property when living in Australia in the forum Overseas Deals https://www.propertyinvesting.com/topic/4406654-taxes-for-usa-property-when-living-in-australia/#post-4670430 Fri, 25 May 2012 13:50:17 +0000 nyc88 wrote:
Hi Stu82, Sall94 and WorldInvestor, The US-based accountant said that many countries recognize an LLC as a “corporation” for tax purposes – while the United States recognises it as a look-through entity. In situations involving many other countries using an LLC can raise the worldwide effective tax rate of the investor to more…[Read more]

]]> 741e43178e5f8075610b7d6d0fe36d18 usainvestor replied to the topic Homeowners insurance for Australians in US in the forum Be interested to hear https://www.propertyinvesting.com/topic/4406667-homeowners-insurance-for-australians-in-us/#post-4670506 Fri, 25 May 2012 12:42:17 +0000 Be interested to hear further  about experiences with US insurance companies. I recently organized a blended policy for 4 of my properties in Atlanta which means that I am paying slightly more but covered when the property is empty without having to immediately advice the insurance company.Regards

]]> 6ec070d4ff1bb30287d8eded6d90c2db usainvestor replied to the topic US invest in the forum Overseas Deals https://www.propertyinvesting.com/topic/4405996-us-invest/page/2/#post-4664761 Fri, 27 Apr 2012 14:47:35 +0000 AntheaProperty wrote:
I have recently come across a co called Memphis Investment Properties. They offer a full service. Their prices are on their web site. They do deal with international clients. They seem to have multiple repeat clients. Memphis is the headquarters for AutoZone and FedEx. Memphis has the US's third-largest railroad hub and the…[Read more]

]]> 67ea6fa23980f8b1331b5e1af87d7c7d usainvestor replied to the topic Cages Again in the forum Overseas Deals https://www.propertyinvesting.com/topic/4406107-cages-again/#post-4665657 Wed, 28 Mar 2012 02:15:41 +0000 worldinvestor wrote:
Hi Allsome time ago we discussed cages, just got this from a friend who has researched this and is using these for his properties in Atlanta. They are not cheap, around $650 each. Much better than the norm.http://westendcages.com/WI

I recently installed one of these cages and was very impressed by the construction of the…[Read more]

]]> 8f63f183f295df2db6fad98ffbf4efff usainvestor replied to the topic Atlanta in the forum Overseas Deals https://www.propertyinvesting.com/topic/4406175-atlanta/#post-4666144 Tue, 27 Mar 2012 02:08:09 +0000 I was the one angling to purchase this property with the foreknowledge that there are fundamental problems with this house.The whole of the baywindow area inside the house was water damaged and no doubt heavily moulded behind the gyprock. The bank (or someone) had already tried to repair the damage but even the repair was showing water…[Read more]

]]> 9766ef2fbd07cf43693d4fe0c5c4d4cd usainvestor replied to the topic Exit Strategies and Thoughts about USA Properties.. in the forum Overseas Deals https://www.propertyinvesting.com/topic/4405820-exit-strategies-and-thoughts-about-usa-properties/page/2/#post-4663426 Wed, 22 Feb 2012 03:10:58 +0000 zmagen wrote:
Have to say I like the owner-financed option as an exit strategy – I'm just wondering how much you could add to the price when selling it, if say the area hasn't gone up at all since you bought? If you add less than 12-15% to your total benefit, wouldn't you have been better off selling it, like Eng says, at no or almost no profit,…[Read more]

]]> 0f60ebe55c674cd5d8dd0b6ddfddfbc3 usainvestor replied to the topic Transfer money back to Australia in the forum Overseas Deals https://www.propertyinvesting.com/topic/4405650-transfer-money-back-to-australia/#post-4662260 Mon, 20 Feb 2012 03:05:40 +0000 Hi AllJust some more US bank knocking.Bpay in the US means bill pay and Wells Fargo will send out a cheque (check) to the person you want to pay. Takes up to 10 days. The most you can electronically transfer in a day is $1000 and this is to an account in the same bank.My general contractor (builder) indicated that if you want to get more than…[Read more]

]]> a368de4d1ee01422b88ffe6ef8c3cb2a usainvestor replied to the topic Property Insurance in USA in the forum One of the US guys can most https://www.propertyinvesting.com/topic/4405861-property-insurance-in-usa/#post-4663743 Tue, 14 Feb 2012 15:06:09 +0000 One of the US guys can most probably guide you better but the bulk of your policy cost is covering the $168k value you have nominated for replacement cost of the property.You do need to cover for the value but only up to 80% (not absolutely sure of the %) of the replacement value or else the insurance company reduces the payout cover.  None the…[Read more]

]]> d711f4c1515220fc707f52c122f322ec usainvestor replied to the topic Atlanta or Houston or ........??? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4405608-atlanta-or-houston-or/#post-4661839 Tue, 14 Feb 2012 07:23:11 +0000 Lawsjsbut for anyone starting out, I think the way to make this work is NOT buy one – you may be lucky, but you may not. It will take as much effort to run 4-5 as 1, but the averages will make the returns a lot more palatable in the long run.I couldn't agree more that unless you are prepared to buy multiples and prepared to stay for the long…[Read more]

]]> ba6dddb95695ed72a044d19b85d06f27 usainvestor replied to the topic Home Warranty Insurance....is it worth it ?? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4405854-home-warranty-insurance-is-it-worth-it/#post-4663677 Tue, 14 Feb 2012 03:08:37 +0000 Hi SpeedyJust be aware there are a number of PM agreement that I have read that specific exclude these policy and will not deal with the insurance company re your property('s).In one I also read that they would take on the property but would not allow the renewal of the policy.Regards

]]> 24304f8634a74d83fbb7db3f03f4c23e usainvestor replied to the topic soooo Who here ownes property in USA ? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4404716-soooo-who-here-ownes-property-in-usa/page/9/#post-4655887 Mon, 13 Feb 2012 18:35:36 +0000 jayhinrichs wrote:
us investor,I guess we all will agree to disagree about PM… It is the most thankless business I can think of in the residential relm.Unless your really large like 2 to 10k units and mainly multi family and you run it like a well oiled corporation. And those companies that do that only buy A and B buildings your never going…[Read more]

]]> 0f55875dccab4303be416a9f0e80b912 usainvestor replied to the topic soooo Who here ownes property in USA ? in the forum worldinvestor wrote: Hi https://www.propertyinvesting.com/topic/4404716-soooo-who-here-ownes-property-in-usa/page/9/#post-4655884 Mon, 13 Feb 2012 16:01:22 +0000 worldinvestor wrote:
Hi SpeedyI stand by my statement regarding US market – its basket case and I would personally would not rely on appaisals etc . Personally  the only way of knowing whether you have purchased at real/market value is to work out how much it costs to build per sq ft and how much you actually paid per sq ft.  I agree, zillo…[Read more]

]]> 7b177c36986069f31d1e83605b9fd4c1 usainvestor replied to the topic Looking for Australian accountants ...for conference calls. in the forum Overseas Deals https://www.propertyinvesting.com/topic/4405782-looking-for-australian-accountants-for-conference-calls/#post-4663072 Mon, 06 Feb 2012 00:29:43 +0000 Alex SC wrote:

usainvestor wrote:
AlexYou could try James at US Taxcentral but he charges just to talk to him and unfortunately tends to talk in riddles. (whether intentional or just BS I just don't know as in the end I didn't get the answers I required)Other people have used him and found him to charge reasonably and perform the work…[Read more]

]]> efb41e66862599c11b7255f303cb5709 usainvestor replied to the topic Looking for Australian accountants ...for conference calls. in the forum Overseas Deals https://www.propertyinvesting.com/topic/4405782-looking-for-australian-accountants-for-conference-calls/#post-4663070 Sun, 05 Feb 2012 22:21:41 +0000 AlexYou could try James at US Taxcentral but he charges just to talk to him and unfortunately tends to talk in riddles. (whether intentional or just BS I just don't know as in the end I didn't get the answers I required)Other people have used him and found him to charge reasonably and perform the work efficiently.Regards

]]> 02ae1dc6405e7eec08ecccbf9890731a usainvestor replied to the topic case study for Zillow and others as has been discussed here on the forum Speedy Gonzales. in the forum Overseas Deals https://www.propertyinvesting.com/topic/4405745-case-study-for-zillow-and-others-as-has-been-discussed-here-on-the-forum-speedy-gonzales/#post-4662794 Mon, 30 Jan 2012 22:25:16 +0000 Hi JayInteresting stuff.Went of and found the s1033 as per http://www.law.cornell.edu/uscode/usc_sec_26_00001033—-000-.htmlbut can't readily find anything about the ratio of debt! Can you highlight section that relates (for future reference)From your explanation I gather that a 1031 can also apply to REIT? Which is obviously where the majority…[Read more]

]]> 8cee4f61bd171e482b5afb7a88d6e6a9 usainvestor replied to the topic US Property Meeting in the forum engelo10 wrote: Hi guys, Who https://www.propertyinvesting.com/topic/4405537-us-property-meeting/page/2/#post-4661466 Mon, 16 Jan 2012 11:53:27 +0000 engelo10 wrote:
Hi guys,Who is interested for a get together meeting to discuss investing in the US? I would love to meet up with like minded investors and bounce ideas of each other. Please no spruikers as I dont want to be sold to yet. I am based in Sydney. Thanks for your time.Regards,Engelo

So, is this meet up happening?Regards

]]> 05fa874dd2ec8374d0c144dc3e9ed4f4 usainvestor replied to the topic Reviews of any of the property managment in Atlanta in the forum Overseas Deals https://www.propertyinvesting.com/topic/4405628-reviews-of-any-of-the-property-managment-in-atlanta/#post-4662083 Mon, 16 Jan 2012 07:05:45 +0000 Admin@atlantaallgoodrealty.com wrote:
You may want to shop around before making your decision. Atlanta All Good Realty buys, sells, and manages properties for investors. It is a small company, but it offers each of its client individual attention. It is fast. It completes renovation in a week on average, rent out houses in two weeks on…[Read more]

]]> 13edcdd52bd8ca7192104c5fe415c960 usainvestor replied to the topic My recent property acquisition from "Select American Homes" in the forum Overseas Deals https://www.propertyinvesting.com/topic/4405456-my-recent-property-acquisition-from-select-american-homes/page/2/#post-4660782 Wed, 11 Jan 2012 12:56:12 +0000 ed01 wrote:
Hi guys, Love the new house worldinvestor. Just a quick question as I'm brand new to the forum, and stumbled across this post whilst looking around. Where do you get your finance for this type of thing? In Australia, or USA? My brother and I are planning to start investing in the US property market this year, but just not quite…[Read more]

]]> 4e9341be1c277564f1aed59ef5593bfa usainvestor replied to the topic Break down of Actual numbers we sold to a client ....closing next week..Cash buyer from Australia... in the forum Overseas Deals https://www.propertyinvesting.com/topic/4405495-break-down-of-actual-numbers-we-sold-to-a-client-closing-next-week-cash-buyer-from-australia/#post-4661170 Fri, 30 Dec 2011 22:48:15 +0000 jayhinrichs wrote:
I am also working with FP's in OZ on buying an ASIC approved company in Austrialia to be co owned by the OZ FP companies and my mortgage company here in the states.  The intial loan product would be for wholesalers acquisitions and would be very very competitive to what your holding cost are today, And we might be able to do a…[Read more]

]]> 3ef55e9556256ed7fd645c3b14265cdd usainvestor replied to the topic Property Management USA in the forum Overseas Deals https://www.propertyinvesting.com/topic/4405469-property-management-usa/#post-4660933 Tue, 27 Dec 2011 11:23:27 +0000 ubrowndog wrote:
Apologies if this has already been posted – had a look and couldn't locate anything. I have just purchased a property in the US (Atlanta) under an LLC. The property management company has itemised the following fees: Monthly fee: $50.00    Looks like they are charging you 10% management feeTenant sign on fee: $500.00    [Read more]

]]> d79d6ae415cba1399975129a5b9cd5a6 usainvestor replied to the topic For those with property in the USA - who has or converseley who hasn't established a lien against the property in the forum Overseas Deals https://www.propertyinvesting.com/topic/4405349-for-those-with-property-in-the-usa-who-has-or-converseley-who-hasnt-established-a-lien-against-the-property/#post-4659929 Mon, 05 Dec 2011 13:36:02 +0000 Alex SC wrote:
 To tired to really think but this is not trueWhen buying in the USA you want to make sure you have a clear title to buy and no liens. Not sure who told you this unless buying from auctions where you could have liens when purchasing .

Hi AlexI am not talking about a lien when I am buying but ones my LLC owns the property. In…[Read more]

]]> 44a24b52d0082d966fe23509b5e379b9 usainvestor replied to the topic For those with property in the USA - who has or converseley who hasn't established a lien against the property in the forum Overseas Deals https://www.propertyinvesting.com/topic/4405349-for-those-with-property-in-the-usa-who-has-or-converseley-who-hasnt-established-a-lien-against-the-property/#post-4659927 Mon, 05 Dec 2011 05:39:09 +0000 Hi KyleA lien is not a bad thing when you hold the paper yourself (through entity or whatever)What having a lien on your property provides :-     An impediment to a fraudulent sale. Property can't be sold unless you discharge the lien.     Dissuade people from suing the LLC as the assets are committed and with a higher order credito…[Read more]

]]> dca757c3e9698c07a2bb958f5c24f3e2 usainvestor replied to the topic soooo Who here ownes property in USA ? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4404716-soooo-who-here-ownes-property-in-usa/page/5/#post-4655816 Fri, 02 Dec 2011 13:25:18 +0000 Hard to get back to the original subject – so much spruiking but all good info (good or bad)To date we have 9 SFH's in Atlnata area. Been buying since May this year. We are not buying turnkey but doing reno's after purchase and then having to source tenants. Only started getting some rental income in October All up we had rented out 6 properties…[Read more]

]]> 7da3521106c4b8d4550df226b7fe5342 usainvestor replied to the topic Property management and LLC setup in the forum Overseas Deals https://www.propertyinvesting.com/topic/4405258-property-management-and-llc-setup/#post-4659313 Wed, 30 Nov 2011 15:16:49 +0000 click85 wrote:

usainvestor wrote:
I have used Inc Paradise in NV to set up 2 LLC's.For about $350 they will set up the LLC and provide a vanilla operating agreement and 2 years of registered agent fees. Just look on their site for the sample documents and services provided.If you are going to use Top rental returns then as part of the initial…[Read more]

]]> f5498bf2e816a7573ea382c763fa0f4b usainvestor replied to the topic Property management and LLC setup in the forum Overseas Deals https://www.propertyinvesting.com/topic/4405258-property-management-and-llc-setup/#post-4659309 Tue, 29 Nov 2011 11:25:47 +0000 I have used Inc Paradise in NV to set up 2 LLC's.For about $350 they will set up the LLC and provide a vanilla operating agreement and 2 years of registered agent fees. Just look on their site for the sample documents and services provided.If you are going to use Top rental returns then as part of the initial purchase they will provide a LLC as…[Read more]

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