All Forum Posts by: Don Watts

I have the same dilemma! Exactly the same scenario as you and was wondering the same thing. Returning to the country after many years away I'm basically starting from scratch so developing a cash flow on investment is a priority. My understanding of hard lending is short term with Interest applied between a range or 8-15 %. If that is the case, It is worth a consideration.

Sorry Sam Converting my metric
to standards stumps me at times
I meant a 250 Sqm home is
Equivalent to a 2691 sq ft.
Ah! That looks more like it!

Hi Sam Daniels! I enjoyed living here so
much that I have dual citizenship and besides
my girls have grown up as Aussies
and my wife is an Aussie.
You're right about the price of houses here.
The median house price in Perth is now
$510,000 for a 250 Sqm house or
820 sq ft so the states will give me more
value for our dollar at the moment which
is worth exploring. I have ties here
and will always come back.

Don

Thanks Joel, Marco and Ali for your wisdom!
I'm 12 hours ahead of the states EST hence
the late response, but will always endeavor
with a reply. I went to Avondale High.
Looking at North Atlanta like Johns
Creek or Alpharetta and maybe Duluth.
I'm looking at returning in Aug. I'll keep
some property here as a fall back, you
know, plan B..ha ha
I also was a military brat and spent a lot of
time growing up in Florida and my Dad's
retired in Orlando so Florida would be on
my list for investing as well.

Once again, thanks for sharing and hope
you don't mind if I bounce some more Ideas
off you as I navigate my way around.

As they say Down Under, Cheers!

Hi Everyone! I'm moving back to the states,
Atlanta in particular, to look after my mother.
I've been away for 27 years and return with
enough to purchase a house outright and
some left over to start a property investment
portfolio.

I'm an Navy Veteran whose worked in the
postal system here for 25 years. I've been
a property investor here for 13 years so I
understand the principles of investing
however, the market in the U.S. is much
more complex than the regulated market
here. I'm in my early 50's so finding work
similar to what I was doing at the Post is
going to be a non- starter. So first things
first, I need cash flow!!! So say I come
with 500k for starters and buy a house for
300-350k and then have another 200k to
invest now. My wife and I can draw out
our equivalent 401k plan in Australia in 5
years that could easily buy us 4 house's
at the median price.

I have a trust for my houses and would do
the same there. All investors should have
these to safeguard there investments and
also as part of their estate planning. What's
the point in investing your hard earned
money for someone to try and take your
equity because it's never the houses
people are after but the equity.It's the old
adage, "own nothing, control everything"!

So guys, Just looking to bounce some ideas
off of those brilliant minds.

Just to reiterate earlier I'm an investor and
investing to me is buying and holding with
a medium to long term view for capital
growth, whereas, flipping is a business or
trading to make a profit which is something
I need to educate myself more of.
When it comes to anything, this trumps all,
education alleviates fear/ paralysis!
Buy the way, I'm still eligible for my VA Loan.

Thanks all, Don