What would you buy for $50k cash (No borrowing)

Hey Hobo, yep I deleted it as the OP already said the same thing as I did. So it would have been a double up. But anyhow, all good.

 

I agree. My first US purchase was done online with a few follow up phone calls to line up a property manager. We were able to settle in a couple of weeks because the sellers had already moved out and were happy to negotiate on price and carry out minor repairs.

Tenants moved in 2-3 weeks later.

I actually found dealing with the US easier while living Australia .....than now that I am living here as a resident.

 

That sounds pretty good, where do I sign up?
Can I claim visits for inspections?

 

You can't go wrong with Vanguard Australian Property Securities Index - VAP. Returning 16.3% per annum for past 3 years and a healthy yield.

 

That's a nice return. Would be interesting to see how it'll perform now that Sydney is slowing down and other markets may not grow at the rate that Sydney did.

 

Any syndicates that you can share?

 

How so? Wouldn't you have access to borrowing from US banks now that you are living there?

 

There are loans geared to foreign investors. But nothing that I could find that meet the needs of a new US resident. And seriously, I spoke to dozens of them.

That is - until yesterday.

By chance, I had offered to check out lenders on behalf of a fellow Aussie who was interested in investing in San Antonio.......and I scored for both of us. A local bank who offered non-US citizen financing from as low a 3 year fixed at 4.99%. And was willing to finance me as well under the same terms.

In the US, lending .......even accessing a credit card......is based on FICO score, which in turn is based on your history of paying bills, dealing with credit/making payments, etc. Your credit score determines how much money you can access and what interest rate you will be charged. The lower your score, higher the rate of interest.....and lower funds availability.

My hubby hasn't lived in the US for about 15 years and his credit score was worthless when we returned. Mine, was non-existent.

To build credit quickly, we've taken out secured lines of credit - i.e. $ for $ secured loans and credit based on our own funds.

 

Where the heck did you dig up that crappy meaningless chart. Just in case you don't know how to read a chart, I'll give you day by day market prices for MQG in 2012.

Macquarie Group Ltd: ASX:MQG historical prices - Google Finance

Just say the word. Don't be coy - challenge me to give you the exact price/time and date of my trades.

 

Would you mind doing a write up in a separate thread on this?

 

U thinknthe Chinese dont have samples of all the baby formula brands in demand?

 

I responded to a direct question to me on this thread and I answered.....but no, not at all. Happy to start a new thread. Do you want to ask the same of others as well.

 

Simple a basic chart from the ASX web page,why?.

 

Sorry, didn't mean to offend, it's just a topic I'm interested in and presumably others would be too. It'd be an area you'd have more knowledge in than most here, so thought it'd be useful to the community. If you prefer to keep it under your lid that's fine too

 

I am keen to know more as well. If you can be kind enough to share.

EDIT: Didn't realize you started a new thread while I was typing this. For anyone interested the thread is here - US lending to foreign investors

 

Because the chart you've copied isn't accurate. It doesn't display prices for 2012.

Check out the link I posted - on the right hand side of the screen, it displays price movement for 2012. MQG had a low of about $25 in January and finished the year on a closing basis at $37.60.

 

It does not have to be day by day hour by hour,just a simple date line chart the more complicated the systems the more one thinks they understand the way it works,but it does not always work that way in a liquid market..

 

Yes of course they do. Just playing!! They are the masters of replication.

 

@Ozzie in Texas DT wasn't being sarcastic. I think he was seriously asking for a thread on your experiences with trading. I too would he interested as alot of others too. Probably in the 'Other Assets Classes' section.

EDIT - Sorry. Just realised you have already made the thread.