Hi jay,

I don't think it was a property.

I believe Unlucky Investor bought it "off the plan"

Thanks

Thanks Jay,

Ill be very short and sweet,

If your looking to buy the "gem" from Australia and also project manage the rehab you might as well donate those funds to charity.

Its hard enough finding a genuine turn key operator that wont screw investors over not to mention doing it all yourself.

Best deals I ever bought were on Craigslist where kids inherited a property and wanted it gone or granpa wants to sell out of this portfolio.

There are many uneducated sellers trying to save a $1,000 realtor commission listing on CL and actually loosing much more money due to not knowing the true value.

Lots comes down to negotiating also. Its something I am happy to say I have mastered quiet well.

MLS is great sometimes. No negotiating on foreclosures tho. Must be quick and submit as soon as property has been viewed.

Finding too much competition lately. I never get into bidding wars. There is always another around the corner.

Thanks for reading.

Thanks Speedy and well done on buying when Aussie was above parity.

I had a mixture if getting all funds to the US lollol

Whoever thinks they can find a true "gem" deal without actually being here in the US i sadly mistaken.

All the best deals are always bought up very quickly by locals.

The 2nd tier of property would get offered elsewehere not saying that these deals are bad but true "gems" as mentioned are always snapped up quickly.

Thanks and have a great day.

Hi Streamlineinvesting,

Those loan figures look great.

The best our lender can do is 50% loan of appraised value – 30 years non recourse – 10% interest – No income verification – no credit check – minimum loan amount $20,000.

The have done over 300 loans in the last 4 years with 75% of those to foreign investors.

Thanks and have a great day.

Hi Rosa,

It sure is a different world here.

Section 8 rent goes straight to the property manager. Property managers in KC don't have to be licensed to my understanding.

They could have the shadiest operation going around and pinch money left right and center. Not much regulation like in Australia.

Thanks.

No problem at all Jay.

Thanks for the post.

I must say that I do know of areas that are solid B class, within close proximity to good schools and employment for $40,000 – $50,000.

Thank.

Thanks Scott,

I always predicted the Aus going even lower to around 70-75.

Thanks

Hi Rosa,

Please feel free to email me at [email protected] or call on 00 111 816 372 5334.

I would happily assess your property and situation and give you advice on what would be your next best step without profiting in any shape or form.

I am also happy to share my thoughts via the forum for everyone to see if there is doubt that I have a hidden agenda.

Thanks and have a great day.

Well done Jacob,

All the best.

Have a great day.