Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Mick Mimnaugh

Mick Mimnaugh has started 3 posts and replied 21 times.

Post: LLC bank account from outside the US

Mick MimnaughPosted
  • Investor
  • Sunshine Coast, Queensland
  • Posts 26
  • Votes 5

We set up a llc account with Wells Fargo in 2014 from the Sunshine Coast. I am a US citizen and I think you need a US address. Give them a call they have a 24 hour business center. Ask them to call back if you don't have a skype account.

Post: Can foreigners get mortgages in the USA?

Mick MimnaughPosted
  • Investor
  • Sunshine Coast, Queensland
  • Posts 26
  • Votes 5

Welcome to BP Akash,

I live in australia but have four properties in Phoenix including two apartment blocks with 7 units each. I am also interested in refinancing a $250k hard money loan and would be interested in contacting your lender to see if they are interested. In fact any lender contacts would be welcome.

I have had one offer but too much up front and a higher interest rate than you are showing.

Best of luck with your endeavors.

Post: New foreign investor here!

Mick MimnaughPosted
  • Investor
  • Sunshine Coast, Queensland
  • Posts 26
  • Votes 5

Hi Nick, Welcome to BP.  I'm an Aussie investor from the Sunshine Coast in Queensland. I invest in Phoenix and sometimes Texas. Good luck with your investing in Florida. If you have any questions just contact me. Cheers,

Post: refinace

Mick MimnaughPosted
  • Investor
  • Sunshine Coast, Queensland
  • Posts 26
  • Votes 5

@Joseph Gozlan Original funding is by hard lenders and I would like to lower the interest payments.

Post: refinace

Mick MimnaughPosted
  • Investor
  • Sunshine Coast, Queensland
  • Posts 26
  • Votes 5

Looking to refinance a 7 unit apartment complex we purchased in August it's on one title in Phoenix AZ 85020.

Post: Companies helping Australians into the US market - any good?

Mick MimnaughPosted
  • Investor
  • Sunshine Coast, Queensland
  • Posts 26
  • Votes 5

Hi Lisa,

I live on the Sunshine Coast and invest in real estate in the States. I am an  American from Oregon but invest in Phoenix and Houston. Let me know if you want to chat.

Welcom to BP. 

Post: Wholesaler from Arizona

Mick MimnaughPosted
  • Investor
  • Sunshine Coast, Queensland
  • Posts 26
  • Votes 5

Hi Michael,

I buy wholesale in Phoenix. Currently have 2 houses on the market and I'm just starting a 7 unit rehab to finish next March. Add me to your buyers list, thank.

Welcome to BP, Mick

Post: Foreigners investing in multifamily

Mick MimnaughPosted
  • Investor
  • Sunshine Coast, Queensland
  • Posts 26
  • Votes 5

If you have a good deal don't be afraid of hard money. Be careful but if the deal is good you will get your funds. Keep busy on BP and other RE forums. Good luck

Post: Building your team from abroad

Mick MimnaughPosted
  • Investor
  • Sunshine Coast, Queensland
  • Posts 26
  • Votes 5

Hi Andrew,

I'm a dual us/aussie citizen and we live on the Sunshine Coast and invest in Phoenix and Houston. I agree with Tim on getting active on BP and other real estate forums. Set some criteria about what you want to invest in ie flips, rentals, duplex, commercial, etc. once you have some criteria try to locate a city or cities, suburbs specific areas that meet your critieria and learn as much about them as you can. Reach out to local agents at that time. I have other thought but this should keep you busy for awhile. Email me and we can exchange phone numbers. cheers

Post: New Member from Arizona

Mick MimnaughPosted
  • Investor
  • Sunshine Coast, Queensland
  • Posts 26
  • Votes 5

Hi Dustin,

Welcome to BP. I buy in Phoenix. I currently have 3 SFR in various stages of rehab and I am closing on a MFR of 14 units in a couple of weeks.

I live in Australia and work through my team in Phoenix. I buy according to the numbers and have an agent and builder who confirm them for me. Put me on your mailing list for any wholesale deals.

I think you are correct in getting involved in real estate investing at a young age. One big secret to success is that you make money when you buy not when you sell.

Cheers, Mick