Hi Frank,
I’ve been investing in Buffalo for just over a year now and currently have 5 properties there.Buffalo is certainly not for the faint hearted it is not a buy and forget area.I”m currently on the phone and email to the property managers there at least 2 a week following up problems.I’ve evicted I think at last count 3 tenants,one other…[Read more]

Hi Viral,
I (along with partners) also have a property in San Antonio that has been on the rental market for some time now.Can I ask who you bought your property from?Also who is the agent that is trying to lease your property?
Regards Martin

There are 3 types of people:1. People who make things happen.
2. People who watch what happens.
3. People…[Read more]

Hi Tony,
I can certainly agree with you there.I’ve used property managers in Cairns and Rockhampton to manage my properties.I was hoping it would be similar to managing properties remotely in Buffalo alas not to be.It requires a great deal more work .Thanks for your reply.
Martin[jerry]

There are 3 types of people:1. People who make things…[Read more]

Hi Tony,
I was hoping you could answer a few questions seeing as you have invested in a number of houses in Buffalo.Firstly I have 5 properties in Buffalo and am currently using DASA and have been for about 3 months now,i’m currently going through a few evictions and have already evicted a number of tenants,none of them placed by Lisa.How long…[Read more]

Hi Frank,
Before you purchase in Buffalo make sure you have spoken to those who have done so before.Do a search on here and other forums about Buffalo,in fact a few recent posts on here outline some of the positives and negatives about Buffalo.Before you buy it is very important that you have a good team on the ground in Buffalo and it also just…[Read more]

Hi Anthony,
Thanks for your message.I must agree with you totally.I also was looking forward to buying a heap of these cash cows only to realise that not everything that looks like gold is gold. I have purchased 5 properties in Buffalo in the past year.Of those 5 I have evicted 2 tenants and are awaiting a court date to evict a third.One of the…[Read more]

Hi All,
I must agree with World Changer.Investing in the USA is certainly not for novices and can be quite risky if you dont have a good management team and a good team on the ground (ie book keepers,building inspectors etc).It is a country that I enjoy investing in at present due to the good yeilds and good possibility for capital…[Read more]

Hi Paul,
I dont necessarily agree with everything that Ozi has said.I agree that it is nigh on impossible of getting a loan in WNY at this point in time, that is why I have used a LOC here in Australia to purchase my properties.After all costs are taken out if you have a fully tenanted property of which I almost have for all of them and after…[Read more]

Hi once again,
The last place I purchased was for $65000 it is a muti-story home in Buffalo (ie 2 units) rent $1135 per month, taxes of about $2600 per year ,water $500 per year,garbage$200 per year,management fee $1362 per year,for a rough grand total of $5000 per year in costs not counting any unforseen maintenance.With this paticular property I…[Read more]

Hi Paul,
I have currently 5 properties in Buffalo and a part share in one in San Antonio.There have been a few dramas with a couple of the properties with evictions and poor property management but at this point in time those issues have been dealt with.For four of the properties I dealt with a Property sourcing company run by brothers Westan and…[Read more]

Hi Danii,
This may sound harsh but obviously if he’s old enough to secure a loan for the property and he and his girlfriend have made the decision to purchase the property then they are responsible for the outcomes that result from it.On the other hand if you can afford to and it is not going to place you in a risky financial state now or in the…[Read more]

Hi Nathan,
I’m not exactly sure what you are asking,but I will give it a shot.Anybody can invest in USA.The way I have done it is by using a Line Of Credit that I have got here and purchased properties in Buffalo and Texas with the cash.I purchased my first properties whilst on a tour with other like minded people.The tour cost me a few dollars to…[Read more]

Hi All,
Have to agree with World Changer and Kiwiduvet,it would be very dangerous for the uninformed person to invest with a new set-up company in any area.If you’re going to invest in USA please visit the areas you’re going to invest in.Dont take bird doggers views unless you have total faith in them and are prepared to wear the risk.In Buffalo…[Read more]

Hi Bardon,
DASA is the PM team thats been recommended to me. So that is who I will be following up with whilst over there.Could you drop me a line to let me know what you are doing.
Thanks Martin[biggrin]

There are 3 types of people:1. People who make things happen.
2. People who watch what happens.
3. People who wondered what happened.

Hi Todd,,
I’ve had my Buffalo properties for almost 5 months and purchased them through Dan Guidenski, he owns a business in Buffalo called Pilgrim Properties.He basically picks up cheap properties, rehabs them and onsells them to investors. He provideds tenants for them. At present I’ve spent approx $700 on repairs for all 3 properties which I…[Read more]

Hi Piggy,
Just a quick response I’m not a spotter and I’m not on the gravy train just trying to find some deals in Buffalo and San Antonio.
[biggrin][biggrin]

There are 3 types of people:1. People who make things happen.
2. People who watch what happens.
3. People who wondered what happened.

Hi Mark,
I’m heading to Buffalo and San Antonio on the 22nd of this month for 11 days. I have posted just recently asking for interest in doing the tour with me. So far I’ve had a few interested and at this point of time I’m meeting with 2 people over there.One being Chad and one of his associates who I have met on a tour of USA properties 6…[Read more]

Hi All,
Date is locked in leaving 23rd March for Buffalo and then going Texas approx 29th March. So far one person is coming besides myself any other interested parties out there?

There are 3 types of people:1. People who make things happen.
2. People who watch what happens.
3. People who wondered what happened.

Hi Mark,
Wot the? I invest in the States because of the returns. I have 3 properties in Buffalo. I have no idea who they are rented to but at $150 per week I feel thats pretty cheap for a 3 bedroom place that has been rehabbed. I dont know the people who are living there (race, religion or creed) my main concern is that they pay there. I am…[Read more]

Hi Ozi,
You’re right about the online access with HSBC although they told me it was 6 months. Doesnt worry me too much though because I get statements from the property manager via email, and I can check my bank balance at any atm. The good thing with HSBC I have foun is that when I withdraw money using the NAB there is no limit to how much I can…[Read more]