All Topics / Overseas Deals / USA property and provders

Viewing 10 posts - 1 through 10 (of 10 total)
  • Profile photo of keakea
    Member
    @kea
    Join Date: 2010
    Post Count: 2

    Hi Guys,  Can anybody let me know if they have had dealings and have bought USA property through one of the two companies?     888wealthcreation.com.  ?   and FBC group, out of the Sunshine coast ????          Do you know their up front charges etc??               Thanks Kea.

    Profile photo of juliantjuliant
    Member
    @juliant
    Join Date: 2010
    Post Count: 1

    Hi Kea,

    Did you find out any more about these companies?

    Hope you are well

    Julian

    Profile photo of keakea
    Member
    @kea
    Join Date: 2010
    Post Count: 2

    Hi Julian,   No nobody has made a comment etc?     Both companies have tried to contact me but I am sitting on the fence at present,Just a little wary! If you get my meaning?    Thanks

    Profile photo of JMCIJMCI
    Member
    @jmci
    Join Date: 2010
    Post Count: 5

    What are they offering and for how much?

    Profile photo of Sure FireSure Fire
    Member
    @sure-fire
    Join Date: 2003
    Post Count: 5

    Hi All,

    We are a small group of Australians who have been buying investing in property over the last couple of years. We have been informally servicing a small group of investors buying properties in USA.  Recently, we decided that there is huge opportunity here for Australian to invest so we decided to formalise the service and we are in the process of setting up a company to assist fellow Australians.

    We travel back and forth between Australia and USA.  Our home is in Australia.  We are currently in USA in Las Vegas for the last 2.5 months doing property deals.  I can tell you that the property market is moving here for good properties and the prices being offered are over and above the asking price and they don't last on the market very long.  We have missed out on a number of porperties where we offer 10-20K above the asking price offering cash contract to miss out on the property. Of course, there are the properties that sit there for ages so please beware of those as they have not sold for a reason.

    Another point to be aware of is that the properties look great on the net only to find that there are issues with the property when we visit them.  For example: missing kitchen cabinets, appliances, cupboard doors, broken or missing windows, missing window covering and light fittings, pools that are green on viewing but it was blue on the internet, spas that were full that are now  dry and desolate, plants that were healthy in the photos are dead when we did the inspections.  So, what looked like a great buy requires additional injection of capital to bring it up to rental standard.

    This is why we assist others to buy properties.  We charge a modest fee and work within your budget. The price you pay is the price we negotiate for you, we assist with the legals, finalcials and sub-contractors where necessary.  We are also looking into setting up property management for fellow Aussies (if there is a demand) so that we can have good quality management of our investment.

    Anyway, this is in a nut shell what we do. If we can assist you please let us know.

    Happy Investing,

    Kim

    Profile photo of seantgseantg
    Member
    @seantg
    Join Date: 2004
    Post Count: 10

    Hi Surefire/Kim,

     A little more information about your company or some contact details, would be much appreciated.

    Cheers,

    Sean.

    Profile photo of jeff.rjeff.r
    Participant
    @jeff-r
    Join Date: 2010
    Post Count: 12
    Sure Fire wrote:
    Hi All,

    We are a small group of Australians who have been buying investing in property over the last couple of years. We have been informally servicing a small group of investors buying properties in USA.  Recently, we decided that there is huge opportunity here for Australian to invest so we decided to formalise the service and we are in the process of setting up a company to assist fellow Australians.

    We travel back and forth between Australia and USA.  Our home is in Australia.  We are currently in USA in Las Vegas for the last 2.5 months doing property deals.  I can tell you that the property market is moving here for good properties and the prices being offered are over and above the asking price and they don't last on the market very long.  We have missed out on a number of porperties where we offer 10-20K above the asking price offering cash contract to miss out on the property. Of course, there are the properties that sit there for ages so please beware of those as they have not sold for a reason.

    Another point to be aware of is that the properties look great on the net only to find that there are issues with the property when we visit them.  For example: missing kitchen cabinets, appliances, cupboard doors, broken or missing windows, missing window covering and light fittings, pools that are green on viewing but it was blue on the internet, spas that were full that are now  dry and desolate, plants that were healthy in the photos are dead when we did the inspections.  So, what looked like a great buy requires additional injection of capital to bring it up to rental standard.

    This is why we assist others to buy properties.  We charge a modest fee and work within your budget. The price you pay is the price we negotiate for you, we assist with the legals, finalcials and sub-contractors where necessary.  We are also looking into setting up property management for fellow Aussies (if there is a demand) so that we can have good quality management of our investment.

    Anyway, this is in a nut shell what we do. If we can assist you please let us know.

    Happy Investing,

    Kim

    Again Kim please can you leave some way of contacting you I'm very interested in the services you have to offer!!

    Profile photo of tyler_durden76autyler_durden76au
    Member
    @tyler_durden76au
    Join Date: 2003
    Post Count: 6

    Hello Kim,
      
     I am also interested in some more information on your services. Do your properties fit the americans 50% / 2% rules? what are your fees?
     At the moment i am looking into setting up LLC and bank account then heading over to Sin city late sept, will you still be there then?
     Do you know the pros/cons of setting up a LLC in Nevada? compared to other states if making purchases in other states?
     Do you have any suggestions of agents or lawyers to use to set up a LLC, or is this included in your services?

    Regards,
    Ross Strachan

    Profile photo of tyler_durden76autyler_durden76au
    Member
    @tyler_durden76au
    Join Date: 2003
    Post Count: 6

    Hi Kea,

     These  sort of companies usualy have a one off fee between $3k and $5K plus the US agents fee of aprox $1.5k each property. They usualy email examples of houses for sale and there fee will be displayed on the break down of costs. just ask for one of there info packs and it should have everything. there are also a few others that do the same sort of thing just make sure you do your own research as well.

    Regards,
    Ross Strachan

    Profile photo of Playa ChickenPlaya Chicken
    Member
    @playa-chicken
    Join Date: 2004
    Post Count: 128

    Do you know how to secure financing in the USA?

    Any help would be greatly appreciated.

    Thanks,
    Vicky

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