All Forum Posts by: Lindsay Stewart

@Richard Simms

RIchard, there are some options to get equivalent of "equity loans" in Australia, just a little harder to find.  I would recommend getting yourself a good mortgage broker, they will be able to shop around and find lenders who can give you a line of credit against your equity.

Lending regulations from APRA have loosened here in the past few weeks, prior to that, essentially the bank watchdog, was throttling the lending market for all except first home buyers who cant afford to purchase here anyway...

A few weeks back they removed the tight leash on the banks, and with the interest rate cut past couple of weeks, funding will get easier, so if it has been a month or more since you tried a few banks, I would start trying again...but again, would highly recommend a mortgage broker to assist. 

Let me know if you dont have one, I have a number of contacts

Cheers

Lindsay

Hi @Jake O'Connor, I am from Melbourne if that counts?  Only around 10 hours away :)

As Jordan mentioned, BP is very US centric but still some great resources here. 

Good luck!

Cheers

Lindsay

Hi @Victor Goh!  Welcome to BP!  Great resources here for sure, so many books and podcasts to work through.  Bear in mind a lot of this is US centric but still some excellent information!

Good luck!

Cheers

Lindsay

Hi @Alexander Hunter

Send me a PM if your still looking.  I have some great contacts that can access excellent properties in Brisbane

Cheers

Lindsay

G'day Adam!

Good work, well done.  Appears you did quite a bit of research in the area.  Good luck with the strategy!  Not easy to get into the Aussie market right now :)

Cheers

Lindsay

Hi Nicholas / Sanjay

I invest very heavily in the US and find it to be a very profitable market if done right. I have set up a local networking group but admit that due to time constraints, I don't get as much chance to set up meetings as I would like

PM me if you want details of the group, apparently not able to post details here.

@Brayden Currey

Hi Brayden

The US is a great market for sure, very different from here in Oz!  Good luck and let me know if I can help at all :)

@Nicholas Andrews

Hi Nicholas

I have been working hard in this space as well.  Its definitely not easy as an overseas investor to get fund but we have managed.

Be interested to hear how you go!  Stay in touch 

Cheers

Lindsay

@Alexander Hunter

Hi Alexander

Yes you are correct, even though the AU market is softening some, it is still quite expensive to get in and can be difficult to find good deals - not impossible though.

I invest in the US market from Australia, must admit, as a few have said on this thread, the diversity of the US market is great, and affordability and cashflow is excellent.  Just be careful where you look

@Geoffrey Tanudjaja

Hi Geoffrey

Davids articles are great and he is spot on.  Make sure you check the streets and not just the ZIP 48224 as there is quite a number of blocks in this ZIP that are not great.  I own 4-5 properties in EEV and love the area, but am very careful which blocks we buy.  It is a great little gem though!