All Forum Posts by: Marisa R.

For those who would trade lower income for earlier retirement.... mr money mustache may be for you??????

https://www.mrmoneymustache.com/

Yes very good points about tenant quality

No war zones in Australia, but certainly higher crime/ undesirable neighborhoods

Define savages?? Sounds interesting....

Income generated by investments after tax

 Yes my thoughts exactly..... its currently a hold, in a rising market the trend is your friend

@JaNae Anderson

Hi jaNae .... I am what you would call out of country investor

Its has not been without its challenges but its come together well

My recommendation is to network with other investors in the State you want to jump into. Make realtors your friend and many to keep them honest

Find out if there are any investor groups on BP and connect

Research the specific market carefully, what is selling? Where? Inventory?

The more you know the chances are you will do better. No need to rush in, take your time, baby steps.... 

@Michael Albaum

I am at close to $200k today, still working on this

The more you make the more you spend

No one told me having children was going to be costly, and I can’t take the little darlings  back.....lol

I am sure everyone has a different view on this  topic and of course it's dependent on what your needs are.

Some perhaps will want an overseas trip every year, wining and dining every week, some  toys along the way and others will be prepared to live a simple life.

What income are you aiming achieve......from property investing? Your end goal? The holy grail for you

@Ned Carey

Totally agree with you Ned

@Dennis M.

Hi Dennis

Been investing in both, Australia and USA. Both markets have been very kind to me. Its all about timing markets in my humble opinion.

Yes......I love US for cash flow, but its been pretty amazing for appreciation, who would have thought the market would have bounced back after a significant crash. Entry point is a fair call, I agree you can buy in at much lower base than Australia. Very fortunate for home owners.

In USA its also kind to foreign investors, you guys allow foreigners to buy, as long as we have the cash. 

In Australia, no way, there are laws that will only allow foreigners to buy a certain product and its been clamped down of late.  Government is tough on foreign buyers. Same as immigration

In Australia we also pay more taxes.... ouch than in US. Would you believe when you buy a property and we are talking average median price in Australia around $500,000 entry point, you will pay around 5% tax on every purchase, its called stamp duty. I call it highway robbery.

But you also probably don't realise we have had continued boom cycles in Australia which has made many very wealthy.  The tide is turning now, and we may soon see gloom and doom in Australian property market due to credit tightening.

Anyways,  back to property management. 

Regardless its not a competition, who is better, Oz or USA, its how investors can get the best out of their property managers, I am sure there are some good ones out there, perhaps just have to dip deeper

I know this is a controversial subject, however, this has been my experience in USA.

I am a foreign investor that has been playing in US since 2011 in 2 different markets and its clear to me that property management services needs an overhaul.  Please don't shoot the messenger.

I have had to guide my property managers on how to property manage my properties and its taken quite a lot of work and some pain. Please do not think I am being precious its just what I see, seems to be too much money grabbing and not enough focus on how to provide a quality property management service to landlords.

We are spoilt for choice in Australia for great property managers.  If they underperform they are out the door as there are so many excellent PM services. In Australia I rarely ever change property managers as I don't need to. 

Don't get me wrong, not really complaining, more like just having a rant....lol, I have learned to work with the system and try to get the best out of it.