All Forum Posts by: Michael Pang

I'm there. Missed last year's conference and will definitely be there this year!

cheers Jon! you're definitely right in that there are many options to choose from. I guess it's about doing the proper due diligence on each deal and ensuring that the numbers stack up. Thanks once again mate.

Many thanks guys for your suggestions!

Hi Jon,

Firstly, many thanks for such a detailed response. The information that you’ve provided is invaluable and I’ll certainly bear a lot of your points in mind in my future property endeavours.

I definitely agree that there’s no shortcuts when it comes to investing in property and acknowledge that it’s crucial to understand the market intrinsically if I hope to make good acquisitions. My knowledge of the US property market is still very limited and I know that the conditions in the US is a stark contract to the market here in Australia – and Sydney in particular. The real estate market in Sydney is very strong with prices high & yields, low.

My fiancée is from Texas so we will be travelling to Dallas frequently. As such, it should provide me with some good opportunities to learn more about the market. We are also considering relocating to the US next year (not sure where at this stage) so I’ll be able to really get hands on with different projects.

One quick question – in your post, you mention that “$100 per unit per month in true cash flow is not easy to achieveâ€. What gross rent are you referring to in that statement?

hi - does anyone know of a service/database that I can access/purchase which provides me with information relating to a property such as:
- previous purchase of that property;
- comparable property prices in the area;
- historical growth rate in the area;
- key demographic information;
etc...

thanks!

Charles/Karim - many thanks for your information & advice - it's much appreciated!

hey Karim - thanks for your advice. 50% of gross rental income seems pretty high!

Do you know which states provide favourable property taxes?

Thanks for the tip Charles - will check out the url you provided!

Hi - Thanks in advanced for reading this post and for any advice you can provide me.

I'm an Aussie looking to invest in the US real estate market. My fiancee is actually from the US (dallas) so I figured that it should assist me in overcoming any foreign ownership issues.

I'm just starting out and have been fortunate enough to come across this site. There're so much information and so many real estate strategies out there it's mind boggling!

I feel that the GFC (and subsequent decline of property values) provides a once in a lifetime opportunity to acquire good quality assets.

I'm not looking for a quick profit (although if the opportunity presents itself, i wouldn't turn it down :p). Rather, I'm in this for the long haul.

My intention is to steadily build a portfolio of quality properties with the objective of achieving the following:
1. good ongoing yield/cashflow - my initial goal is to be able to generate $20k a month in rental income. So I'm looking to buy
in areas where there is strong rental demand.
2. capital gains in the next 3-5 years when the property market recovers and values increase to pre-GFC values. So I'm really looking for undervalued properties here.

My issues are that i'm not too sure where to start and where to look as the US is so BIG! At a high level, all I know that is
that the areas that are most affected by the GFC is california, arizona, nevada and florida. Should i focus my attention on
these areas?

In addition, I'm not familiar with the US tax system, ideal property structures/vehicles or acquisition cost/ongoing maintenance cost in the US. Basically, I have a whole host of questions circling in my head!

If you have any advice on providing me with some direction on where to start, it would be greatly appreciated!

Apologies for the general nature of this message and thanks once again for reading.

Mike