US Atlanta, GA - USA Property Investing

Discussion in 'Where to Buy' started by MTR, 19th Jul, 2015.

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  1. MTR

    MTR Well-Known Member

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    A blast from the past

    this today will probably sell for close to $350,000 USD with multiple offers

    If AUD hits 65 I may be tempted to sell
     
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  2. datto

    datto Well-Known Member

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    Markets are up up up! Only way for Oz dollar is north. IMO.
     
  3. MTR

    MTR Well-Known Member

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    back to 70 today

    hit 69 last week.

    Its quite a ride. Its gone from close to 75 trending down

    Lets see
     
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  4. sash

    sash Well-Known Member

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    Yep...I reckon it could get to mid 60s...if we don't keep up with Fed rate rises.

    Are you selling any more?
     
  5. MTR

    MTR Well-Known Member

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    Yes
    Its time to get out 2022/2023/2024

    Reinvest funds when share market crashes/corrects
     
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  6. sash

    sash Well-Known Member

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    ;) ... ya a better woman than I gunga dingess.

    You are doing similar things to me.... trying to move a quick as possible without paying too much tax. o_O:mad: Finding lot harder to exit via selling than buying. :oops:
     
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  7. datto

    datto Well-Known Member

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    It may be chicken tonight.

    [​IMG]

    Things are looking good.
     
  8. sash

    sash Well-Known Member

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    Yo @MTR what up with US properties?
     
  9. MTR

    MTR Well-Known Member

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    Got 4 offers on one property just listed $320,000 usd

    2 offers were from financial institutions, cash. They are still buying up properties for their funds. Will look at next financial year cgt management
     
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  10. sash

    sash Well-Known Member

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    Holy. In the same position will move like formula 1 racer once 30 June comes around
     
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  11. frankjeager

    frankjeager Well-Known Member

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    Wow, great return. Well done.
     
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  12. frankjeager

    frankjeager Well-Known Member

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    Anyone have any other areas in US they think may present value in the coming year with the possible economic down turn ? These returns MTR has posted are incredible.
     
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  13. sash

    sash Well-Known Member

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    Good work... it looks like you and I have a similar thinking on a potential slow down in the Eastern states.;)

    Next you will be buying in Brighton.... :D
     
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  14. Mick Butterfield

    Mick Butterfield Well-Known Member

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    I have a 2 in Atlanta and 2 in Montgomery, Alabama and I must say I have been very happy with the growth across the 2 locations. Entry point in Montgomery is still quite approachable with rents keeping pace with capital gains. Looking at a long term hold however with these as they owe me nothing now. If I was looking to go again it would be in Montgomery due to the lower entry point.
     
  15. Cousinit

    Cousinit Well-Known Member

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    I’ve been in the US for almost 6 months. Pacific Northwest area. I’ve often considered making the move to invest here but instead invested further at home.

    Pretty miserable deal buying $USD currently. I also don’t think it’d be worth the hassle to just buy 1 property. You would want a handful to make all the effort worthwhile IMO.

    Just finished hiking the full length of the PCT!
    Loved every day of it.
     
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  16. MTR

    MTR Well-Known Member

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    What attracted you to buy? Make sure you have a good US tax accountant.


    I have been selling my Atlanta properties while the AUD 64. Its very attractive

    Its been an amazing journey but when I purchased in 2011 it was tough cos the US economy was screwed so we had to put with some very bad tenant scenarios.
    As the economy improved so did the calibre of renters and prices just continued to soar.

    On average my $35,000 USD houses are selling for around $320,000 USD today, the currency play has been a bonus
     
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  17. Cousinit

    Cousinit Well-Known Member

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    Well that’s good for you. I haven’t invested in anything in the US if you read my post. Just pondered the possibilities and invested further in AUS.
     
  18. MTR

    MTR Well-Known Member

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    oops speed reading not working too well

    US is not a buy atm as markets are softening and of course AUD 64, makes no sense
     
  19. Cousinit

    Cousinit Well-Known Member

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    Unless you have a business where you earn in $USD.
     
  20. Cousinit

    Cousinit Well-Known Member

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    I assume it would be a challenge to obtain mortgage finance for a new entrant to the market over there. Perhaps buy with cash to begin with?