Hey Chad!
Thanks for yr advice man!
Glad yr tour went well.
all the best
Luke

We’ve got 70 yrs on planet earth,Lets make the most of every day!

Hey guys!

Tony I like yr wisdom on the buffalo market!
I have experienced the same thing with property management just being a secondary thing for the rehabbers.Often the managers use there own companys to do the repairs on the propertys and charge heaps for it.Or they outscourse it and put a margin on top of what they paid.

Tony, May i ask who…[Read more]

Thanks for the info Ben.
I have got 2 loans for under 50K already.
The problem has been the up front fees!

Have you done loans to aussies for under 50K?
If so,is it possible to share which lenders they were and how long ago they were put through and settled.

Thanks again Ben!

We’ve got 70 yrs on planet earth,Lets make the most of every day!

I like yr wisdom duckster!
It takes at least 6 months after an interest rate hike to impact the market.So i think what will happen is in another 6 months time from now we will start to see the impact on the market and then at the same time we will probably see another rate hike then within another 6 months we will see some panic in the market.

Be…[Read more]

Hey there freeman ,
no probs man!
Houston in Texas is pretty huge and is high up on the expected growth chart for the next couple of years!
It also has some great investor clubs (eg the rich club) that meet and investors can help each other and learn and grow.

There are so many more strategys and options for investing in the USA. Incuding many…[Read more]

Thanks Anthony for yr post!

Something that has helped me to take more control over
my propertys over there is to get all the bills sent to me in australia.
This is just one area that u can keep under control & monitor and i have found it helpful as it also frees up the PM s time and energy so they can concentrate on collecting rents…[Read more]

Hey Rayson,are we missing something?
How are u paying $875 per week interest out of $960 income total?
How do u pay for rates,repairs, etc and food for yr family etc,now lettlone later with a baby?
I would down size the PPOR definately ,even rent something at a cost less than interest payments would be.
To me all that constant pressure would not…[Read more]

Currently a beautiful $1800 vr commodore.
I make it a rule not to waste any more money on a car than a few thousand tops.(and thats the high end of the scale!)

We’ve got 70 yrs on planet earth,Lets make the most of every day!

Hey guys,

Richard i actually meant it will help us be able to get the same 80%lvr finance but with lower fees.
U say high fees are not necessary so may i ask who u would suggest we go through for 80% lvr loans for propertys valued at less than 50K ? Because i havent found any lenders other than 1 that will even offer these to us foreigners.(and…[Read more]

Hey Freeman Cooper!
Definately take Brisbane04s advice as he is a large shareholder in the Buffalo and seems to be doing quite well!
It is an animal that very few people have tamed.

Most of the people i know who have bought there who dont live there are selling now or planning to get out in the future.
I have some property there but it is not on…[Read more]

The banks will quite easily loan u the money.It is not hard to be in front one day then realising u cant keep up with the payments.Possibly the tenants moved out on a few of them for example and they were already maxed out on payments.

Its important to remember to take responsability when loaning money and have a strategy ready to put into…[Read more]

Hey Jo!
Good on u for going for it!
I would say u cant go too wrong buying in San antonio.Some areas are better than others though.
which area is it?
has it been recommended to u as a good capitol growth area?
You can ring some realtors by looking on the net and just start asking opinions.Then ask them to do a search on sales and rental comps in…[Read more]

Good post Brisbane man!
The positives definately outway the negatives !
Ill try give some of both.
Um,negatives (we always seem to like going to the negative first hey ha ha,these are funny),
All within a period of a month, in one of the areas I have property .
(WNY)

one house.-My upstairs tenants boyfriend had a late night and apparently had…[Read more]

So U bought the property Jaffasoft?

We’ve got 70 yrs on planet earth,Lets make the most of every day!

Hey guys!
Yer definately Ozie , well put ,regarding the rushing in without extensive due diligence! I agree .
Thanks

We’ve got 70 yrs on planet earth,Lets make the most of every day!

I am not 100% sure sorryI believe as long as its yr PPOR attached it shouldn’t be a prob but call to check first if u cant get a definate answer here
.But without sending this post off track,i like yr dirt bikes! hope its going well for u!

We’ve got 70 yrs on planet earth,Lets make the most of every day!

Do you have an idea of an area you are thinkin you would like to live (Brisbane you said?) apart from where yr rental property is?
As sometimes if its going to be yr family home for a fair while their will probably be some emotion involved.So it maybe wise to rent in the area first that u like to get a feel for it if you really want to live…[Read more]

Hey Quinny
Do they have another food outlet there?
If not you could do the usual million dollar popcorn,snowcones,and all that stuff.( but do it at a more reasonable price and yll do more turnover!)

You could even try a juice and smoothie bar?

,i would recommend finding a tenant to go in there on lease before you purchase the property.You could…[Read more]

Ozi you have raised some great points for discussion and some definite concerns to look into.
However firstly, everybody needs a place to live .(even in the winter)
Also life is not always risk free.
But i believe if u don’t take a few (calculated) risks in life ,u get to the end of yr life and say”far out i really wish i stepped out of the box…[Read more]

Sounds like yr doin well in the Buffalo, Brisbane04.Sounds like u own half of it already ,ha ha . Good on u man!!
Yes I reckon the buying ,rehabbing and flipping is also a top strategy over there if u can find/do the deals.
I am looking more at this type of strategy in Oz at the moment on some unit blocks.Its great when u dont have to tie up yr…[Read more]