jayhinrichs wrote:
Alex, As we all know there are war zones in each city in the US. In Portland we have ours,, Its called Felony flats… and then there is a section in NE portland.. However can't buy a house for much less than 200k in any of these so called bad areas of Portland… There are sub 100k houses but those are really tear downs……[Read more]

kylermrice wrote:
Everybody makes it sound rough, it's really not that hard when u have good people and system in place.

I deal with rental  income from $350 yes $350 up to $1400 so it is what it is. Really comes down to how you make it work ,the people you work with and people you rent to.  It is all relevant and seems to work the same for $…[Read more]

lawsjs wrote:
Nothing wrong with Sect 8 – if you have the tools to do the work. Emma171 thrives on it as I am sure many others would. Not my cup of oolong, but please if you venture down this path, give Kyler a call and spend some time with him – he 'da man who will teach you most:)…

Can not say much about section 8  in other markets but  f…[Read more]

Freckle wrote:

kylermrice wrote:
Everybody makes it sound rough, it's really not that hard when u have good people and system in place.

I was watching a doco the other day about deserts. One part was about this 12 yr old kid in Mali herding cattle some 80km to water. He was racing against a herd of elephants to get there first. He slept on a…[Read more]

worldinvestor wrote:
Hi lawsjs, oh joy….. Have you dealt with Bank of America??WI

I  am in the USA, my wife and I have accounts with Wells Fargo , Bank of America, and my company uses TD banks.For most of us  in the USA the smaller credit unions work better not sure how and if they deal with foreign investors. The major banks are a headache e…[Read more]

Nigel Kibel wrote:
I dont like section 8 tenants because it is Federal government. They can be hard to get bad tenants out. Not sure for the rest of the USA in NC and SC we love section 8 .Government paid rent higher then the market average. Guaranteed by the 3rd of the month.  Sure they are pitfalls and down side but you have to weight that…[Read more]

zmagen wrote:
Good luck, and yes, this place is brilliant. Came looking for leading web presence, stayed far longer than i though due to the wealth of information and learning curves (not to mention the networking). All thumbs up, can't go wrong listening to the advice and experiences here.

Yes this is a great Forum and lot of good advice.…[Read more]

lawsjs wrote:
Never let it be said we think for ourselves Kyler:) Absolutely no room in this market for contrarian investing. I guess the more familiar a US city is familiar with Aussie foibles the better:) ATL properties are 'pretty' and the place has visual similarities to bits of Oz – people also have a fetish for high headline returns so it…[Read more]

KnoxOff wrote:
PCfrom memory  i think the Aussie land lord was living in the apartment complex  (BIG MISTAKE)the  tenants in the building  were  really happy with him , he was doing the place up  and looking after all the good peoplethere  was   one tennant  , a young  girl who  wasn't paying renthad her friends  there  till all hours , wasn&…[Read more]

pc9geek wrote:
I have a couple of questions for you US investors Can you comment on any of the following have you ever had a Chapter 8 tenant? Ever bought at a Sheriff's sale? Ever run the eviction process through to Bailiff removal? Ever had a bought a property with an existing undeclared lien? Thanks in advance Steve

Been a way for a few…[Read more]

worldinvestor wrote:
FreckleI think you are right, everyone should stay away from US market, very nasty….. shocking rental returns, no possibility of growth, Aus $ at an all time low…WIhttp://www.thepetitionsite.com/2/save-our-animals-ban-puppy-mills-in-aus/

Some times I wonder my self. There are days I feel confident we can come out of…[Read more]

Okay had to chime in wife drives a KIA Sportage  been paid for years ago. Myself doge ram 2004 but paid  for so all good here . Cars seem much cheaper here in the states then what you all pay over seas.

worldinvestor wrote:
Hi Alexso does this mean you are now buying in Atlanta?Cheers WIhttp://www.wheredopuppiescomefrom.com.au/australian-puppy-mills/

WI No not at all , we want out 100 % just don"t want to give people the wrong idea about that market . Appreciate investors looking for my opinion on the market.  <moderator: delete advertising>I…[Read more]

Be honest if I was going to Florida I would talk to Cheeves from this forum. Again not promoting or advertising but this could be a decent contact for the area. Also  send me PM I got a friend from Adelaide who purchased from a Australian reseller in Jacksonville and he has been basically left hung out to dry. Instead of me putting any ones name…[Read more]

Pat007 wrote:

Vivy wrote:
After spending close to $10k, all up, on seminars … I still haven't bought my first IP. After the last "bootcamp" I went to (CCorp, cost $6k … and the lunch was RUBBISH!! I know you dont go there for the lunch but some sustainable brain food wouldve been appreciated. Not tiny crusty sandwiches for 3 days.) well…[Read more]

lawsjs wrote:
http://www.bloomberg.com/news/2012-03-27/bidding-wars-erupt-as-u-s-supply-of-homes-for-sale-falls.html

Promise I read it. I think alot of what some people here  have been saying is coming to reality faster then any of us thought.Hope all is well.

I have to be honest with you I actually had that converstation with my partners. In 06 we had Oh 50 mil plus in properteis of various types. and 30 mill out in hard money loans.  If we would have just called all our loans and sold all our property and took 3 years off we woud have been MILLIONS ahead. but we did not and we are not….. So know we…[Read more]

jayhinrichs wrote:
talked to kevin today he is getting me numbers. I think we can folk that in to the TWH model quite nicely. Hey Jay I am back from the beach Kevin is actually going in am to see it him self. This is 13 unit apartment and it is located in Mrtle beach. Yes nice score for all of us.Holding there is much better then selling today.…[Read more]

SandyD wrote:

Alex SC wrote:
Sandy you going to get most people following up with responses. I was in Atlanta and still have 5 houses that  we dumping for our cost to just get out.  Atlanta  is still a great market but competition is causing price wars. So hard to source the same properties we were getting months ago.

Thanks Alex – when yo…[Read more]

worldinvestor wrote:

labradorinlove wrote:
If you were drowning and you only had $100,000 USD to save you, which cities would you buy a few SFR foreclosures in and why?OK so that’s a bit melodramatic, but it you only had 100K left what would you do with it?Please don’t recommend me to enter into anyone’s property package or scheme, as that…[Read more]