engelo10 wrote:

jeff2investUSA wrote:

speedy gonzales wrote:
Hi Jeff, By all means you are entitled to your opinion on upstate NY…….problem is that as soon as you mention the area you immediately think of Buffalo, Rochester etc. This area saw an influx of Aussie investors a few years back and everybody lost money. The gross returns…[Read more]

Jay actually met with David in my office the other day.  Soon as I saw Charlotte posting here. Was not used to hearing any one else speak about Charlotte. Brought David down and showed him around, met some of  our staff , and showed   our system , and what we are up to in Charlotte. Explained  what  we feel is the market  price that foreign invest…[Read more]

John how are you. Like wise the old tax man is coming. For sure after 3 years. So true.. Bottom line you can make and lose money in real estate. I am only 15 years in this business. I don't have the mortgage or bank back ground like others. I have purchased and rehabbed homes from $10k to $5m . Now not going to lie the higher priced  rehab homes…[Read more]

Quick investment thoughts Newer homes 3 bed 2 bath or larger = future appreciation ( speculation of course ) good cash flow less headaches Older investment homes = Great cash flow , higher turn overs and more head aches. Not always….I  do deal with both types of these investment  homes( for my own portfolio and our clients )  but  would much rat…[Read more]

Good information working on a similar list for Charlotte North Carolina…Alex

Nathan, I have no interest in Detroit, my city is Charlotte NC and surrounding areas. I stick to my own backyard. I was in Atlanta but now I am slowly pulling back and just focusing on Charlotte, NC, which it is great  that you just focus on your own backyard. Smart way of investing, but it does help if you are buying and holding the properties…[Read more]

property_scout wrote:
I love the section 8 program. If your house passes a section 8 inspection, you know you have bought well and the house is in good shape. They are very picky but if your house is rehabbed with certain paint and flooring specifications, vacancy costs can be minimized. Textured darker colour walls, darker tinted floorboards,…[Read more]

Right now  some of these areas that seem to work for both investors and lenders. Union,loganville , snellville , stone mountain, Lithonia in Atlanta . I just got back from 2 day trip there. Now for Foreign nationals there are some lending options all though not great. Does give the option to leverage your funds.Sincerely Alex

David I left you a message. I am in Charlotte  North Carolina.  You can reach me on Skype at Alex Franks 2002. Would like to talk. When you get a chance.   thanks alex

HighIncomeProperty wrote:
I tend to disagree with many of the foreign investors here, and I see land as an EXCELLENT play right now. While it is entirely true that buying land TODAY won't make you "instant" fortunes, as reselling the property immediately for a profit most likely won't work, new construction is difficult (even though as Jay said,…[Read more]

Stacey Surveying wrote:
Hey Everyone, My fiance' and I are looking around for our first IP. Stumbled across this thread today and it does look like a good idea. We're looking for a positively geared property and you can't go past some of these places offering ~18-20% ROI. I'm looking at places around the 50k mark, looks like most agents want…[Read more]

Hey All and Jay been away for a bit Been traveling through California  rough trip this time .Sandiego _ Santa Barbara .I am hoping to come meet with you ( Jay ) Say Nov 14th.I am In Canada NOV 12 ( Vancouver)For every one here I am not affiliated with Jay .How ever I am in the states my company is located in Charlotte NC and Atlanta .I am quoting…[Read more]

Glad I did not see Charlotte  North Carolina on there . We are in Atlanta  buying also with every other investors group in the USA. The amount of properties we are able to pick up is growing.So I hope to be there for the next 5 years in that market.  So really not overly concerned with a report like that.Alex

Stu that is a great point about the last 5 years .If a company is still going it says a lot.Good Point Alex

JayI give you that one.  Turn Key ….LOL Sorry but thanks for catching that( did just leave the gym ) . I appreciate your opinion ,being you have many more years in this business them me. I prefer people that give it to me straight then basically give me a line of bull…So thank you for that . That being said, that makes me alot younger then…[Read more]

Jane Feel free to email me . I can send you the website.To view Sincerely Alex Franks Alexfranks2002@yahoo.com

MyMoneyFinance wrote:
Hi All,A client came to me about obtaining finance in the US to purchase a property in Texas (The merits of which are a little are still doubtful to me).They are  setting up a LLC to own the property, in Texas.As a newbie in this space, can you suggest any 'Bank or Broker' in either Australia or US that could look assist…[Read more]

jayhinrichs wrote:
jane, depending on where you are in Texas the property tax's can be much higher than almost anywhere else in the country and by much higher I mean 2 to 3 times other areas with same purchase prices and rents. . Like any of the investments you will have proponants of one area and others who like something else for other…[Read more]

 Was not knocking  being an Agent . Maybe  I forgot to mention my 3 agents we use in Atlanta are great for us..My Local agent works part time in our office ( free space )she is the most valuable tool for us. Our lawyers are on top of the game. I just see these fees are going to be the next hurdle with buying and selling…And hard money yes bit ex…[Read more]

HOA fees suck and can ruin cash flow..Condo's versus singe family is no brainer ….Alex