USA finance

Viewing 4 posts - 1 through 4 (of 4 total)

Rikky
Member
@rikky
Join Date: 2005
Post Count: 313
July 20, 2005 - 10:57 am
Does anyone have any success stories with getting finance in the USA? I havent had any luck yet
Monopoly, my favourite game
Nigel Kibel
Participant
@nigel-kibel
Join Date: 2005
Post Count: 1,425
July 20, 2005 - 8:37 pm
Speak to Alistair Perry
He is a broker and is currently organizing finance in the usa. He can be contacted on 9662 1999
Nigel Kibel
http://www.propertyknowhow.com.au
Australian and New Zealand Buyers advocate
service and seminars
Nigel Kibel | Property Know How
http://propertyknowhow.com.au
Email Me | Phone Me
We have just launched a new website join our membership today
vivasash
Member
@vivasash
Join Date: 2005
Post Count: 6
July 21, 2005 - 3:12 am
Hey there Rick!
There are many creative ways to buy property in America… a lot you don’t need to even get a loan. Ask the agents there for properties where the owner will carry.
Sash
[exhappy]
Viva Las Vegas!
[email protected]
House Hunter
Member
@house-hunter
Join Date: 2004
Post Count: 32
September 20, 2006 - 11:41 pm
If only it was that easy Sash, if you do some research into vendor financing in the USA you may think twice about it with the new laws coming in, especially in Texas.
The 2 main problems with investing in the USA are finance and property management. Due to the US being such a competitive market, one of the things that make it even harder is that most US brokers and PM’s will tell you exactly what you want to get your business.
We have done around numerous transactions in the USA over the last 18 months and have a basic theory with brokers there.
If they say “yes we can help you”, walk, no run away immediately.
If they say “I may be able to help ill make some enquiries”, hang in there but dont hold your breath
If they say “no I cant help you”, then this is the person to deal with. They may not be able to help you however they will often have contact with someone that can.
Be sure to make sure you ask them what the minimum loan amount a lender will do in each area, if you are looking at Buffalo the only lender you can be confident of is Indy Mac Bank, however you will be paying around 9% interest rate on the smaller loan amounts.
Hope this helps, just be sure that you know what you are talking about before you make enquiries. It is not about what you ask, its more about how you ask it. There arent a lot out there who can genuinely help Aussies however there are some.
One guy we use who is one of the best is Ben Carmona, he is the real deal however if you are looking at doing cheapies in upstate NY
Good luck and remember, if property is causing you an ulcer maybe its not the right thing for you.
Regards,
Mic
[email protected]
http://www.househunters.com.au
Australian House Hunters.
Specialising in finding your perfect investment property throughout Australia and the USA or your dream home in Newcastle and the Hunter Valley. To recieve our free weekly newsletter or assistance with anything investing, [email protected]