We’ve spent the week in America, folks — so we thought we’d better bring you back a bit of gold!
Sitting by a pool in Dellas (yep), we scored some local intel on the American Property Market —like what’s making Texas a HOT place for investing — with today’s guest, Jeff Goins.
So who’s Jeff? A full-time investor of “Tax Deeds” in Texas which includes house “flipping”, he has a builder’s license and a sponge of property knowledge. What’s most eye-opening though, is his local insight into how Americans invest in residential property, including their lending rules and regulations, and their penalties for (and opportunities in) unpaid property taxes, which is VASTLY different from the way us Aussies do it!
Oh, and a couple of Texan “translations” before we start:
“Inventory” = Supply and Demand
“Rehab” = Renovate
So, what are we discussing?
- What’s the appeal of investing in the American market; particularly Texas?
- The US Government involvement in their lending and how it triggered the global financial crisis (GFC)?
- Aftermaths of the GFC and how they recover their confidence in the real estate market?
- The differences in Australia’s and America’s lending regulation
- What are the interest rates like?
- How to research investment grade locations
- Understanding the geo-economic difference between both countries and how will it impact investors’ decisions
- Why do they have such a volatile property market?
- Why is the average property price in America SO much cheaper?
- Are there offset accounts and are they able to leverage off equity?
- What happens if you don’t pay tax on your property?
- What does “Tax Liens” and Tax Deeds” mean?
- How can investors benefit from Tax Liens and Tax Deeds?
- Is there such a thing as residential property advice in America?
- Where are the auctions held in Texas? (!)
ALSO, we’re doing Movember this month! We’ve been supporting this cause for years but this time, we plan to expand the awareness on men’s health and help the support the cause to our community. Our target is $5,000. Now, our show is free but if you think we are doing a good job, please donate here.
Every dollar counts! (Bucket loads of good karma awaits you.)
Here’s the link again: https://moteam.co/the-property-couch