Go commercial…heck yes… Love it!!   Bejesus .. SFR fights over crap rproperties in investor owned enclaves?? That equals a downward spiral in rents the second there is any vacancy. If you aren't buying through someone with a holding interest like Jay then or buying through a licensed US buyers agent, you are motivated through someone ONLY by…[Read more]

Nick
Jay will help and yes, shocking but take control… One day late on rent and be firm!

emma

While I personally think the SFR phase is a case of "NEXT" (…..Jay's model would be HIGHLY tempting at this point…) and getting excited at that, these are my thoughts….

IF YOU MUST INVEST IN ATL….. FIND A CERTIFIED FOREIGN INVESTOR SPECIALIST (LICENSED)…  (or again, use someone like Jay)…..REMEMBER – THE SELLER PAYS COMMISSION…[Read more]

So so so so so true…. why I try to keep it to specific projects than throwing my entire life away on paperwork….

WI
yep, these numbers make about as much sense to me as buying in Dallas GA would or within the dump smell zone of Dekalb.

Let's face it …. seriously, VERY VERY SERIOUSLY, for those who SERIOUSLY know the market ( who aren't spruiking), would you SERIOUSLY be buying SFR Atlanta still? Maybe but MAYBE I am seeing 2 a month that I would even…[Read more]

BMH – use XE.com – you can wire funds out of the US account. Obviously just having your property manager wire would be another way – quarterly or so – the fees would amount to less than you pay with Wells!

Personally I am out of the SFR market especially in ATL unless something LEAPT…  MFR's, commercial in general and other fun projects to get…[Read more]

Jay
I think you have hit the nail on the head… it is the calling in of the loans that is creating the interest and the attention to those who can manage it to pull the funds together to purchase is highly tempting.

This HAS to be coupled with the fact that the SFR market is being hit by all those who declared bankruptcy 2 years ago and are back…[Read more]

Yes, I carry E&O, and yes, thanks  Jay you hit the nail on the head.  

For Sale By Owner would sum up your main point Cheeves but I am talking about those of us in the profession representing properties to 3rd parties. Taken absolutely literally and you are correct but rights are being waived and possibly not knowingly. Australians CALL…[Read more]

Lol… No, I have never earnt a commission in my life. I am a real estate agent because to even play  in real estate you should be. Too funny.  I will take the above as a compliment.

I have never, to this day acted as the agent in a single transaction thus I am a bit overqualified ?…however to even VAGUELY talk about real estate in the US you…[Read more]

RE ZILLOW COMMENT

Differentiating for a sec…. the above is angled at SFR btw …as such…Zillow on SFR – I absolutely reiterate.

No, I don't buy in predominantly investor owned SFR enclaves and subdivisions because I know full well that 2 years down the line the overworked and seriously underpaid property manager with the foreign owner is…[Read more]

Cheeves
Should have read farther then = )

I do believe Jay may well be someone who I would ARDENTLY recommend as a wholesaler…. but I think Jay exposes an exception that proves a rule on this website… I write this from the horror stories – there are enough. Jay pointed to one US based wholesaler that spruiked on here for a while and then…[Read more]

A US Buyers Agent is a licensed real estate agent within the state that you are buying. They are someone who by law are acting FOR you and put client above self. This can NOT be someone who is a flipper, a wholesaler etc.  They are someone who owes you:

Care
Obedience
Loyalty
Disclosure
Accounatability
Confidentiality

They will ALWAYS put YOUR…[Read more]

Hate to say it but concur with Tash… here is something I sent out to my guys … seriously test the theory.

Atlanta
If it is under 50k , it is 90% by Dekalb dump, HUD owner occupiers or a short sale. Over 60k are flips. Over 80k are flips that WERE 40 – 50k last year and the yield haven't increased (Dekalb Dump = "Map of France" =…[Read more]

In simple terms… not a lot….  Jay, heard vicious rumour we are same town/same place? Can do Monday but not 12 – 3 pm…

I'm with Jay – a GREAT Section 8 tenant is amazing (have one for what?? 4 years now)…. they worship your house and are fabulous. Look for those with 7 plus rental years in their current place, go visit them and if they give you cookies (and I am NOT biased), they are wonderful….I have ALWAYS been an advocate in any other state than Alaska….-…[Read more]

All I know is that it adds a serious concern that should not be underestimated on wear and tear….. Roofs especially but vinyl siding etc… Just basic hard yakka on buildings, drain spouts etc.

Just back from mandatory 24 hour beach trip…. God that ocean and white white sand of the Gulf makes up for slogging it ATL style..!

Alex…. If we were talking fishing and meaning fly fishing I would bring my rod… Used to tie my own flies inAlaska… Caught all 5 species of salmon one season…. Loved it… River rafting/kayaking…… Just dont buy multiplexes there!

Ha – we do need to meet…. I remember being out one night in zip 89030 in Vegas at 44 degrees Celsius sitting in my now defunct little blow up pool looking the stars and thinking very, very very hard "what day of the week is this"…. it was the most wonderful, wonderful feeling to not know….If anyone reads this and works in the ROFL 9-5 job…[Read more]

I pretty much do all the renovations on my own personal properties because I enjoy it (don't lay carpet and rarely now do my own tiling just because it hurts the hands and knees too much) – that is now meaning that I do a HECK of a lot of work…. So when I mean all nighters it means that I, and my 6 x 33 gallon Home Depot stackable totes (one for…[Read more]

I did this very successfully for 2 years on a 4 plex I had in Alaska…GREAT family babysat it for that time and I cried when they left (and sold immediately)… it was enough for them to watch it and for me to visit every couple of months for the thorough go through……Alaska as the long term threadies know, was my real estate training exercise…[Read more]