Thanks for your comments guys.

Keep them coming.

Have a great day.

I was once told the more s*** you throw on the wall eventually some will stick.

I would low ball on numerous properties on a daily basis and would generally get abused by most agents. Eventually 1 out of 100 would come back and counter with $75,000 on my initial $50,000 offer for a house that had an asking of $100,000.

I pretty much knew that I…[Read more]

Hey Andy,

Thanks for your detailed post and clarification.

I like your model. Keep up the great work.

If your ever in KC it would be great to catch up.

Have a great day.

jayhinrichs wrote:
Andy,,  the Aussie's are much smarter than us… they charge by the week because???? well there are 52 weeks in a year.   If you rent by the month you get 12 months of rent or 48 weeks worth… Now that that light bulb went off I bet you will start charging your tenats by the week as well. Hell give them a small discount, your…[Read more]

Thanks Andy,

I didn't even think about about the property never being vacant as there will always be some tenant occupying the house. This is great stuff.

When you rehab do you cater the rehab for the shared housing strategy? Wouldn't this limit the exit strategy to only be able to sell to an investor only?

Also, I am confident that you are…[Read more]

Thanks for your post BoughtWithEquity,

Are the properties rented on a room per room bases?

Can you please send a pro-forma on an average deal done?

I like the model and know of someone doing the same in Toledo OHIO. 4 bedroom houses around the University. Instead of the $650pm in rent he charges $250pm per room to mostly students.

Amazing…[Read more]

kevsgn wrote:
Does united states has any lenders offering loans using fully paid properties?

Without going there?

Hi kevsgn,

What do you mean by "fully paid properties"?

Thanks

Nigel Kibel wrote:
I have a partner on the ground in Florida.

The lesson is that if you are going to be involved in the market in the United States you must have someone reliable on the ground. The others commenting here are all experienced operators. If you do not have someone that you can trust 100% then stay out of the market. The quality of…[Read more]

jayhinrichs wrote:
Anyone can wholesale properties, although being in AU  you will find it very difficult to do this as the local US boys will beat you to almost every deal.. What you could do if you have a significant amount of Cash is provide funds for a wholesaler…as an investor.  However extreme due diligence must be performed on anyone…[Read more]

Nu2oz wrote:
Jay,

Sorry for the confusion, yes I'm hoping to do some wholesaling (or similar) in Australia (Melbourne preferably) – would love have a go at doing this in the USA, but I'm assuming that it's not possible working from a distance?

Maybe you can advise if you think that would be possible?

Thanks

Hi Nu2oz,

You will find it very…[Read more]

jayhinrichs wrote:
Many of the properties are selling for less than the minimum loan amount that lenders will go.. So no matter what you do you can't get a long term loan

Hi Jay,

As you know Peak has a great product out there.

Minimum lend is $15,000 lol

Thanks

Thanks Jay

Nigel Kibel wrote:
I think some of the comments Freckle makes are valid. There is no doubt that hedge funds are buying properties especially at the top end paying in some cases full price i cash.

Then look at markets like Texas that are currently booming and this was in a market that did not fall during the GFC so there could be a chance of the…[Read more]

Hi JT7,

Thanks for your comment.

Unfortunately I am not as tech savvy as Freckle and Zmagen are so I cant really compete with them when it comes to backing up with information and stats.

I have the utmost respect for Freckle and enjoy his post but still stand by what I said a while ago. If everything mentioned in previous posts about the US is…[Read more]

lollol

Your a funny man.

We need to meet in person one day. It would be a pleasure learning from your business experiences.

Thanks and have a great day.

hahahahahahhaaha

Love it mate

You should come and visit the US.

I would be happy to show you around my country hehe

Nigel Kibel wrote:
Generally  the best asset class is either apartments or hotels however they will also look at retail depending on the quality of the Tennant.

In terms of occupancy we generally look at properties that are fully let or just under unless it is a renovation opportunity.

Ok cool,

Thanks

Freckle wrote:

engelorumora wrote:

Your up early lol

Not if you're in NZ…

What you doing in NZ?

Too many sheep there lollol

Freckle wrote:

engelorumora wrote:
WOW,

There might be some good buying opportunities again if the bottom falls out from all of these funds.

Thanks.

Not in the US and maybe for a long time. The next GFC event will almost certainly hasten a change in the reserve currency from the US$ to a basket of currencies (incl the US$). That creates a…[Read more]

WOW,

There might be some good buying opportunities again if the bottom falls out from all of these funds.

Thanks.