Usainvestor…. As masochistic as it sounds….. I actually do do it intentionally the hard way as I hate gyms…. When I am speeding I of course spray the trim! However I did give up carpeting swapped down from an 18V to 14V drill for overhead stuff to save the joints… but yes, as a previous OSHA person I must say that looking after health is…[Read more]

I LOVE IT….. I am so adopting that phrase… Yes, it is important to note that some are indeed real property… However widget for widget?? Get the REAL House…. How to tell… If it looks like a rectangle with 2 equal windows at either end, this is probably modular… They can be well disguised. 

That’s the whole thing… Modular (I lump them all together and call them mobilies to include both in a park and standalone) can absolutely be cash cows and mobile home parks actually tempting (have had massive insight from fab person on her stunning swamp infested one) so long as you KNOW what you are buying… As remote a possible as it seems,…[Read more]

What, you’re not???? = )

It is all the rage… !

Kyler… Sorry, i should have added you to my list above….

Here is another thought… There are 300 million americans, let’s assume 25 million of them own an investment property (probably way high)…

98 % of these people would not be rushing to the wholesalers but would find an agent. That…[Read more]

Jay
The bottom line is that the Oz based flippers shouldnt “just decide” and their naivety will probably in the long run stand them afoul but will be protected by the “caveat emptor” and unenforceable real estate laws. For me though, the
US alternative Of the Oz spruiker is very scary…that is a big game for a newbie to be eaten alive in….. Ie…[Read more]

Jeff
Great advice.

I promise you that the next time I want to buy a modular home in Kansas or something that was bought for 19,000 in March of 2011 and pay 56k with 50% down (28k) , be charged over 8% for the pleasure and pay 10% in ongoing property management, you da man!

Is that how you do the maths? 10k over what you paid for the property =…[Read more]

PS…. In the ENTIRE Las Vegas market today under 75k, SFR (Single Family, younger than 1980 in construction, greater than 900 sq ft and less than 2500 sq ft there are 3 properties. 2 are mobile homes, one is burnt out..THAT is why Atlanta looks yummy.

I have just spent the last 3 hours sweating – DRIPPING – my (very petite) derriere removing wall paper today from one of my properties….IT IS HOTTER THAN HADES AND A SAUNA HERE. My experiment for Atlanta is this: wrap a piece of wet sheetrock in plastic and photograph it every day to imagine for one second what a leak behind a wall would lead…[Read more]

CH

A lot of this will come down to how willing are you to assist in the search for your own property – it is a LOT of fun but you need to know a few things (understatement)…

The BIG issue in the US we face being licensed real estate agents is to avoid being seen to be redlining or steering – i.e. “is this a good area” – you need to learn how…[Read more]

To the Frecks/Jay et al…When GFC happened in 2009 and I decided not to be the "woulda coulda shoulda but didn't" person, not many were saying invest in real estate as it was on a downward spiral to heaven only knows where (most were saying a lot of the diametric opposite) and all holding up Detroit-like scenarios….many of the properties bought…[Read more]

Aaaaah My Fickleness…. I actually concur – ergo why I am NOT recommending a vast investment in the States at the moment purely for the point of leaping on the capital growth/fake yield bandwagon… the morsels are there and I will snap them up like anyone but unless the underlying fundamentals of the purpose for investing are there for the…[Read more]

Jay Actually not that many Oz investors in Vegas that I have come across (other than those I know who were fleeced) – we are being hit primarily interestingly enough with the Asian/Israeli/Arab contingents – South Americans pulling their weight as well. In fact I think it is why your model is less interesting (typing out loud here) for Australians…[Read more]

If, as glorified slumlord, I was the eternal optimist here would be one theory in which we would all love… Atlanta is bought out within the next 4 months (highly unlikely), new legislation hits Vegas and the flood gates open – every spruiker on the planet then turns their attention to my backyard but they all buy the crap (which for some reason…[Read more]

OH So true…  look at how many of the foreclosures (not flips mind you…) foreclosures now come replete with tenant – or how many tenants we pick up who have had the cash for keys scenario.You glorified slumlord…… it must be so tough at those cocktail parties….

HAHAHAHAHAHHAHAHAHA….. of COURSE they are…. but wait, first I need a 52 inch screen TV! Oh, hold on, they must make them bigger……Oh call me cynic.. but surely the robosigning legislation was drafted by someone who realized it would now give them 3 years to save money and live for free in their house???Sigh… AS every one of my investors…[Read more]

It is Assembly Bill 284… numerically dyslexia hits us all at some point…   However apart from the dyslexia, Jay has pretty well nailed the gist of this – can't  add much. In October 2011, they passed this as the response to "robo signing" and what everyone will remember was the hot topic of the day – property owners suing to get their pr…[Read more]

One of the gaps I am playing in is courtesy of now hubby who IS a builder…buying 3/4 built houses that have been abandoned at 2nd fit off. Falls outside the realm of the rehabber but great flips if we are looking forward to the “what next”. Obviously needs a builder but these properties are just completely walked away from and have nigh on…[Read more]

Concur….so so concur.

Lol… Yeah, we all go to entire seminars on 284… The debate rages though that even with judicial foreclosures we will have demand outstrip supply…

I invented the blow up pool at the tail end of the NV summer last year… It starts with umbrellas (shade variety) and ordering in your lunch (everyone does that), then your Esky, then I had a…[Read more]

I wouldn’t touch a house at auction in GA…. Not a chance in hell…. Subsidence? Structural, termites and just a different breed… Vegas is so much easier…

I might add that I have since the above also realized I do much better at REO purchasing….. By miles…

In Vegas I used to laugh at how many we’re just crazy over bid on ….. I will…[Read more]