All Topics / Help Needed! / USA opportunity

Viewing 6 posts - 1 through 6 (of 6 total)
  • Profile photo of jcls79jcls79
    Member
    @jcls79
    Join Date: 2004
    Post Count: 88
    April 2, 2005 - 1:02 pm

    Considering the recent discussion about USA IPs, I was wondering has anybody in this forum invested in ths USA and share with us regarding their experience (negotiation, settlement process, sourcing builders to do cosmetic works, getting landlord insurance and securing tenants, also how to respond to tenant’s request)?

    This one is for the mortgage brokers, for any Australians (without work permits in US or greencards), is it possible to secure 100% LVR finance in any metropolitan cities in USA?

    Cheers
    john

    Want to join financial independence before 31 years old, currently 25

    Profile photo of wilandelwilandel
    Member
    @wilandel
    Join Date: 2003
    Post Count: 761
    April 3, 2005 - 2:02 am

    Hi John,

    I suggest that you send an email or PM to “Westan”. He is the forum’s resident US guru, and is going there again very soon.

    You can ask to join his US database. He is planning to do some info sessions on United States, in Melb & Sydney soon I think. We are trying to get there, as I think it would be fascinating to learn about US investing.

    He is also a very genuine person and a friend of ours! Good luck with the US investing,

    Del & Will [biggrin]

    Profile photo of jcls79jcls79
    Member
    @jcls79
    Join Date: 2004
    Post Count: 88
    April 3, 2005 - 3:51 am

    Thanks Del and Will

    I am actually going to the info session on Tuesday night, but just before that, I was wondering whether anybody will recommend a website or magazines or books that I can read up regarding the property market in the USA (e.g market performance, settlement process, negotiation terms)?

    Cheers
    john

    Want to join financial independence before 31 years old, currently 25

    Profile photo of Paul DobsonPaul Dobson
    Participant
    @pauldobson
    Join Date: 2003
    Post Count: 1,196
    April 3, 2005 - 4:59 am

    Hi John

    There is a lot of information available in one particular post on the Somersoft forums at:
    http://www.somersoft.com/forums/showthread.php?t=18101

    The poster, Quiggles, was featured recently in the Australian Property Investor magazine in an article about investing in the US.

    I hope this helps.

    Cheers, Paul

    Paul Dobson | Vendor Finance Institute
    http://www.vendorfinanceinstitute.com.au
    Email Me | Phone Me

    An alternative way to finance your home.

    Profile photo of easymoneyeasymoney
    Member
    @easymoney
    Join Date: 2005
    Post Count: 53
    April 3, 2005 - 11:48 pm

    Hi John

    http://www.somersoft.com/forums/showthread.php?t=18101 This link you have already been given will show that it’s virtually impossible to get finance in the US so I hope you have a lot of equity.

    easymoney

    Profile photo of Alistair PerryAlistair Perry
    Participant
    @aperry
    Join Date: 2004
    Post Count: 891
    April 4, 2005 - 5:20 am

    Finance for US properties is difficult, but definately not impossible. 100% LVR is though, you can’t even get that for an IP in Australia

Viewing 6 posts - 1 through 6 (of 6 total)

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