Hey dare to dream,
15 to 25% gross returns are possible depending on the quality of yr long distant management over there.(as u cant just drop in to sort out problems of course)
It depends on the areas u buy in too.Many of the areas u can get huge returns in carry higher risk and higher maintenance(management etc)
(eg i have a property that is…[Read more]

Comercial Property is by no means harder than residential,just different. Don’t be scared off by it.
Once you buy right in an area with good flow of customers you cant go too wrong.

As far as what to look out for in the figures,I would say double check what the tenant has to pay in the lease agreement ,then u can work out yr expenses, also check…[Read more]

Hey Guys,
Being young myself , I am all for encouraging other young investors!
If someone wants to arrange a group meeting I would be happy to share some experiences .

Luke

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

Try a PM to Bardon, Loanwolf,
he has connections in the UK.

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

Thanks for that info Ben!

Richard thanks,yes i agree with you on the time frame with indymac (it is
wrong!up to 4 months)
but until now i didnt know of any other that would lend to us foreign nationals,
for propertys purchased at$50K and under ,
then loan 80% on that figure .

Thanks
luke

We’ve got 70 yrs on planet earth,Lets make the most of…[Read more]

Sounds great Ben!
Thanks so much for yr advice.
Have u done many of these loans (90 to 100%) to Aussies yet?
could u give us a break down please of the interest rates and fees
in total please?
Thanks mate!
I know many people will be keen at the right price.

Luke

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

These guys do 80% loans to foreign nationals,but not sure if they work direct with the public.

IndyMac Bank, F.S.B., a federally chartered savings bank
of 155 North Lake Avenue
Pasadena,CA 91101

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

Lookin Forward to learning from u Gross !
Thanks man.

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

Pray Hard!!

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

Hey Tim,
hope yr well!
Michael Plaks is a guru in US real estate tax law.
send him an email mate and mention my name,he’ll laugh.,he loves aussies just cant understand the accent
(personally i reckon its the yanks with the accent but anyway!)

here is his email if u couldnt find it.
michael@michaelplaks.com

We’ve got 70 yrs on planet earth,Lets…[Read more]

Hey Don!
hope yr business is still going off !!
I dont know much about the current NZ market ,only that Dolfy still swears by it and he has the runs on the board all over the world.
Can u possibly post some current or recent deals up (with figures)on the forum for me and others to get an idea of what can be done in NZ at the moment.?
Do u find…[Read more]

Hey Canadeen,
Try John
I am not sure if he insures Canada but he is a guru in the US. Im sure he will have a connection if he cant help u.
John@AtkinsonBros.com
(from Oz .00 111) 713 664 4021

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

Of course on acreage on the rural-urban fringe of (the motherland) Sydney Australia !

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

Have u actually settled any of the 90% USA loans to Ozzie foreign nationals Ben or are u going off what u have been told?
Because I have spoken to alot of lenders that initially say it will be fine but then when they try , they realise its not as easy as fiirst thought.
It would be great for us ozzies if u have!

We’ve got 70 yrs on planet…[Read more]

posted by Jenny1
‘they just Rack em and stack em” ha ha I havent heard this said about Propertysand PMs before but it makes sense!
ha ha classic.
Im sure it would be tough tryin to look after 1300 propertys yr self!

Definately consider managing it yrself !!!
I do this currently with property that is 1300kms away from me and it works a treat.You…[Read more]

Yes ill second that Definately!
We really appreciate this place!
Thanks heaps.
Luke

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

I have done many property purchases and sales over the past ten years and each time i have used solicitors i have mostly dealt with their $20 an hour secretary while being charged around $80 to $100 + an hour.
Many times i questioned how this works???

I think if some one can find a reliable conveyancer and its a straightforward transaction I…[Read more]

I have an awesome guy for commercial ,and i believe he does residential too.

He tends not to undervalue also thats why i like him!
Pm me tracka and ill give u his no.

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

Matthew,
yes putting adds in the local papers is a great way to buy houses as I find alot of people dont like dealing with agents.
They have a mindset that they wont have to pay a commission to a cash buyer so they will get more for their house.
Some people dont like waiting for a sale either so will sell cheaper to a quick buyer.
But be warned as…[Read more]

Hello Westan,
Sounds good, Nashville ! would definately love to hear how it progresses for u! Were u able to connect up with lisa while their ?

Hello Chad,
I had a look at yr site! It looks pretty detailed !All the best with the tours too !have fun.

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