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  • Profile photo of EngeloRumoraEngeloRumora
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    @engelorumora
    Join Date: 2010
    Post Count: 618

    Hey Jay,

    isn't Blackstone's loan product similar to what you and Peak offer?

    Thanks

    EngeloRumora | Ohio Cashflow
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    Profile photo of EngeloRumoraEngeloRumora
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    @engelorumora
    Join Date: 2010
    Post Count: 618

    Well done Jacob.

    All the best with investing in the US.

    It has been a great journey for me so far.

    Thanks.

    EngeloRumora | Ohio Cashflow
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    Profile photo of EngeloRumoraEngeloRumora
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    @engelorumora
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    or "Papino" hahaha

    EngeloRumora | Ohio Cashflow
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    Profile photo of EngeloRumoraEngeloRumora
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    @engelorumora
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    I always thought the market in Canada was expensive and similar to Australia.

    Thanks

    EngeloRumora | Ohio Cashflow
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    Profile photo of EngeloRumoraEngeloRumora
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    @engelorumora
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    hahaha "Grasshopper" lollol

    Ill start calling you Granps then lollol

    Thanks mate

    EngeloRumora | Ohio Cashflow
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    Profile photo of EngeloRumoraEngeloRumora
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    @engelorumora
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    How do people have the money to spend then??

    Thanks

    EngeloRumora | Ohio Cashflow
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    Profile photo of EngeloRumoraEngeloRumora
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    @engelorumora
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    Woodford Reserve on the rocks or Johnny Black with a splash of coke.

    Not at the Johnny Blue level yet hehehehehehehe

    Throw in a nice vanilla cigarillo and some good company.

    Ohhhh what a night :)

    EngeloRumora | Ohio Cashflow
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    Profile photo of EngeloRumoraEngeloRumora
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    @engelorumora
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    If it tripled in the last year maybe the boat has already sailed?

    Thanks

    EngeloRumora | Ohio Cashflow
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    Profile photo of EngeloRumoraEngeloRumora
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    @engelorumora
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    Oui Oui

    How far from Paris?

    There are come amazing Chateau's within 3 hr drives from Paris.

    Vive la France haha

    EngeloRumora | Ohio Cashflow
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    Profile photo of EngeloRumoraEngeloRumora
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    @engelorumora
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    I think you should not invest in the US if your hoping the property will go up in value.

    Hoping is not a strategy, its a prediction.

    Look at the numbers in a particular deal and if they make sense and suit your end strategy then I would proceed with the investment.

    As Freckle mentioned the US market is completely different from the Australian and its not for everyone.

    Personally I had huge debt in Australia and am happy to say that I have sold out of my entire portfolio in Aus and have no intentions of buying more property in the unforeseen future.

    Do very thorough due diligence when buying in the US and spend time asking numerous questions. This will eliminate all operators looking for a quick profit and not a long term relationship.

    Just my 2 Euro's worth hahahaha

    Thanks and have a great day.

    EngeloRumora | Ohio Cashflow
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    Profile photo of EngeloRumoraEngeloRumora
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    Recently I have been to Chicago, New York and off course based in KC.

    Everyone seems to be out and about spending money of clothes, food, etc…

    Doesn't look like the world is ending lol

    Well maybe not just yet haha

    EngeloRumora | Ohio Cashflow
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    Profile photo of EngeloRumoraEngeloRumora
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    Booming times ahead haha

    EngeloRumora | Ohio Cashflow
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    Profile photo of EngeloRumoraEngeloRumora
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    @engelorumora
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    I know mate lol

    Its has been one of the most frustrating things for me after making the move here.

    I have gotten use to it now and its all good.

    Still wanting a Mont Blanc pen to sign all checks with tho haha

    Thanks and have a great day.

    EngeloRumora | Ohio Cashflow
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    Profile photo of EngeloRumoraEngeloRumora
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    @engelorumora
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    Hey Freckle,

    Here is a good read for your as I know you love this stuff

    http://mobile.bloomberg.com/news/2013-12-20/wall-street-unlocks-profits-from-distress-with-rental-revolution.html?goback=.gde_2097377_member_5828708235443453953#

    Thanks

    EngeloRumora | Ohio Cashflow
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    Profile photo of EngeloRumoraEngeloRumora
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    @engelorumora
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    Thanks mate,

    I will check out the website asap.

    Have a great day

    EngeloRumora | Ohio Cashflow
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    Profile photo of EngeloRumoraEngeloRumora
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    @engelorumora
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    Hey guys,

    Thanks for posting this topic.

    I would love to learn more on the customs and what it takes to build that trust and relationship with Chinese investors.

    Any extra info contributed is much appreciated.

    Thanks for your time and have a great day.

    EngeloRumora | Ohio Cashflow
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    Profile photo of EngeloRumoraEngeloRumora
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    @engelorumora
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    Hi Reid,

    Thanks for your post and no problem at all.

    I very much like what you guys have done with Ray White PM. While I was living in Australia I had a brief stint with them. Great company.

    Maybe we can schedule a call sometime in the future as I would love to know more about how it works.

    In our opinion good property management is one of the most important factors to success in US real estate.

    Now if only we can somehow bring the banking system from Aus and NZ here to solve that problem also for the Americans hahahaha jokesss

    Thanks and have a great day.

    EngeloRumora | Ohio Cashflow
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    Profile photo of EngeloRumoraEngeloRumora
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    @engelorumora
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    Pleasure mate

    All the best

    EngeloRumora | Ohio Cashflow
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    Profile photo of EngeloRumoraEngeloRumora
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    @engelorumora
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    Hi Reid,

    Thanks for your prompt reply.

    I am glad that you had the time to review previous deals that our group and myself have been involved in. I haven't contributed to this forum for the last 3 years to get into argy bargy with any other member or business operator so this will be my last reply to your comment as for whatever reason you decided to single me out over a post and not Jay. I am assuming its due to Jay's high reputation and level of influence in all markets across the US.

    Thank you for clarifying some questions I had regarding your model. I am also honored to be considered a competitor to your group as I initially thought that our operation is no where near yours.

    5643 Euclid Ave is a property that I personally would not live in nor would I live in the area. The happy owner of this property and the owners of other properties have been made aware of these facts. The area is comparable to a certain zip code in Sydney 2770 where the entry price is lower with higher rents but can cause headaches if good management is not in place. We have 2 property managers on the ground and one of them specializes in collecting rents in C class areas and does not conduct property management by the book as it would be very difficult to achieve those quoted numbers "on paper" in real life which he manages to do with out a problem.

    Our whole model is based on building trust and relationships not only with investors but also key personnel that are involved in the venture. We have never had a need to do any marketing as all new business is generated through word of mouth and referrals and most investors tend to buy 3-4 houses over a span of 2-3 years. This is a great indicator that we deliver those numbers on "paper" in real life otherwise why would someone buy more than 1 house.

    I also appreciate you taking the time to research and compile the stats in your post ( I could hire Freckle to back up my post with any needed stats also haha jkss). Although these figures are most likely correct they mean absolutely nothing to me and they also shouldn't be the foundation of any investors decision on a particular area especially when they are buying from a world away. The US market is completely different to the Australian market as I am sure you are aware off.

    "Figures and stats" are not the reason why investors loose money. Its the people behind the operation that are the cause. I am sure if the wrong people are looking after someone's investment property in a great area with awesome "figures and stats" the investor will get cheated and money will be lost and vice versa.

    Also, we have a gentleman within the group that has 24 years experience living and breathing the houses and streets of our target area working as a Realtor and also project manager of his construction company.

    Ried,

    Although your experience in the US market and US property in general is far more sufficient than mine, I am happy to say that after living and breathing US property since September 2012 I have seen every trick in the book how one can cheat and scam unsuspecting foreign investors. From kick backs from construction crews to property maintenance scams, etc….

    It all comes down to one word and that word is TRUST.

    I wish you and your group continued success and please feel free to connect if the team or myself can ever be of any assistance with the market in KC.

    Thanks for reading and have a great day.

    EngeloRumora | Ohio Cashflow
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    Profile photo of EngeloRumoraEngeloRumora
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    @engelorumora
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    Post Count: 618

    Thanks for your comment Reid.

    Your attention to detail is much appreciated.

    Its great to see a company like yours that doesn't purchase that true "gem" of a deal themselves and passes it on to their clients so they can make a substantial profit.

    Also, just a another quick question as I was personally singled out in your comment even tho there was no attack made on your business or your model from my behalf.

    How can you 100% confirm or prove that you don't receive a kick back from the seller of any particular property or the construction company doing the rehab???

    Can it be 100% proved or does it just come down to trust and relationships built with your investors?

    Thanks for reading and I am looking forward to your reply.

    Have a great day.

    EngeloRumora | Ohio Cashflow
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Viewing 20 posts - 181 through 200 (of 575 total)