kylermrice wrote:
I hear ya Alex, but there is a lot of truth behind what is said.He believes purchasing a home with ultra-low mortgage rates and holding it for the long-term has become a better investment than stocks right now.  I agree, even better when you buy with cash$

sure I agree but in last month do you know how many USA and Over…[Read more]

zmagen wrote:
Wow. This is necessary in most places, is it? Wouldn't insurance cover something like that?

True story brand new unit put in. Two days later it was stolen .Nice thieves as they took the whole unit . No mess or nothing broken. Very nice of them. Cost me about $3500 to put the unit in .Insurance was going to give me 80%of value as…[Read more]

I can understand why you are happy with 20-30K profit per house, you have huge quantity, would  your  investor be happy with this?? You are correct for Jay who deals in Multiple markets ,or my self who buys in semi bulk can do this with multiple properties. Our clients are different  as we build real estate portfolios, or leverage their cash fo…[Read more]

Jay again I feel since you would be the one of the ones who saw my board in my office very similar goals mine are slim capared to yours .So my long range plan is this:I am buying cash flow rentals in my TWH model,, IE: have bought just over 100 this in the last 9 months. And will accelerate that to 20  to 30 a month for the next 6 months then…[Read more]

worldinvestor wrote:
Hiya JayThis strategy just would not work for me, you need deep pockets to be holding this stuff and if you are not buying large parcels why would you bother, lots of pain during 2-5 years, or perhaps longer. True land does not pay right away  and cost $ to hold . When Jay was here in town we discussed what I was doing with…[Read more]

jayhinrichs wrote:
Alex,,, Cheeves… should investors be scooping up shovel ready lots in your minds. I just had one batch of 300 come accross my desk bout 30 are in charlotte ( Alex I will talk to you offline) and bunch in Florida, want to talk to Cheeves about those. A few I looked at were in the High CA desert and have no value.. there…[Read more]

Chris@AREI wrote:
Hello Everyone,I thought I would share this article that I read about Warren Buffets take on the current real estate market in the US.  Happy Investing.  Enjoy:Warren Buffett, the billionaire investor and Berkshire Hathaway CEO, said on CNBC's "Squawk Box" recently that he'd "buy up a couple hundred thousand" single-family h…[Read more]

SandyD wrote:
Thank you JD for your advice. Kyle – am interested as to your comment and where you think stronger opportunities may lie? I am looking for cash-flow of 12-14%, without expecting any kind of capital growth for the coming five years. My research shows that Atlanta provides this. Sandy

Sandy you going to get most people following…[Read more]

kylermrice wrote:
I'm just going to post about A and B type neighborhoods anymore, lol.  I just really like the numbers of the C stuff.  Jay thinks all i do is the hood.

Never back down because some one does not like what you do.Hell I went searching for Jay to introduce myself at one of the seminars we were both at LA  .I thought he was me…[Read more]

worldinvestor wrote:

kylermrice wrote:
I'm just going to post about A and B type neighborhoods anymore, lol.  I just really like the numbers of the C stuff.  Jay thinks all i do is the hood.

 There is a Aussie spruiker (wont mention his name) who promotes his properties using these categories, A, B and C, I find it amusing  that there are inv…[Read more]

worldinvestor wrote:

Alex SC wrote:

jayhinrichs wrote:
this is exactly what I do we made a business out of it… I will talk to the odd tenant, but thats rare,,, I do view each house I buy at the time we buy and after rehab.But when your rehabber and your PM are your PARTNERS  life is just sooooo much better than trying to heard cats which…[Read more]

kylermrice wrote:
A,B,C is what i picked up from my Aussie clients.It's something that is general to explain the type of investment properties i talk about:A=upper middle class, buy for 40,000 to 60,000 depending on areas that will see more of a demand, cardinal rule number one in my book Location! Location!  I'll spend around sixty for…[Read more]

jayhinrichs wrote:
this is exactly what I do we made a business out of it… I will talk to the odd tenant, but thats rare,,, I do view each house I buy at the time we buy and after rehab.But when your rehabber and your PM are your PARTNERS  life is just sooooo much better than trying to heard cats which is what it seems like when your trusting…[Read more]

emma171 wrote:
To buy HUD homes is difficult???Lol… No it isn't hard.. You need an ITIN or SSN or EIN with a US address… Most use their attorney's who set up the LLC if you get the point. Go to hudhomestore.com click on state and investor …. Enjoy… Great bargains to have!

Emma Stop giving away out secrets, and Hud is a great source…[Read more]

engelo10 wrote:
Hi all,I would like to hear from people that are looking at investing in the US or already have. Can you please give me an example of the best service you could possibly get from either a buyers agent from Australia or the US or if your doing it urself from people like the property manager, rehabb crew, attorney, etc.. on the…[Read more]

worldinvestor wrote:
http://www.rottnestisland.com/Its not  for sale ….. just a piece of paradise, our little treasure in Western Australia.

Wow that is nice . I am working on my trip over to Australia and go figure all my wife wants to see is some crocodiles.  When ever I take a long trip my wife goes with me.Talk soon

jayhinrichs wrote:
Alex, what about court house steps is it an active market… I did read a few years back when I was buying court house step Oregon property, that the FBI busted a group in NC for bidding Collusion. Ya Know hey here is 1k take a hike and I will buy this one for 1 dollar over minimum.. It was a big fine like 800k split…[Read more]

jayhinrichs wrote:
anyone heard of Nevada Senate bill 248 that passed last fall.  This may be more detail than you care to hear about but I thought it worth sharing.Nevada state law requires lenders to provide ORIGINAL SIGNED PROMISSORY NOTE to be delivered to the  Trustee in the event of default and foreclosure.Since so many US mortgages (A…[Read more]

jayhinrichs wrote:
englo just like cheating at solitaire if you do not count all costs over time but hey that seems to be the Aussie style on this forum… make up numbers you want to hear and hope for the best )))))

I agree with Jay 150 % some people make numbers work for them.  Not basing all the cost involved. These super higher returns…[Read more]

mattsta wrote:
since much of the real estate investing terminology is still new, then I'd suggest reading some books about investing, as well as continuing reading and participating in forums such as this!

Good advice I would also join a local real estate group . Education is the key and taking your time.Don't jump on the first deal you see or…[Read more]