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  • Profile photo of EngeloRumoraEngeloRumora
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    November 1, 2013 - 7:05 pm

    WOW,

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

    Thanks.

    EngeloRumora | Ohio Cashflow
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    Profile photo of EngeloRumoraEngeloRumora
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    November 1, 2013 - 6:57 pm

    hahahahaha lollol

    I thought they were a property management company until recently hahaha

    How about that gaff lollol

    EngeloRumora | Ohio Cashflow
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    Profile photo of EngeloRumoraEngeloRumora
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    November 1, 2013 - 6:53 pm

    Crazy stuff guys,

    I agree the best way is to flight to the US and open the account. You can also see the product and operation first hand.

    I always get from investors "its too good to be true" lollol

    Thanks Ben and Jay.

    EngeloRumora | Ohio Cashflow
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    Profile photo of EngeloRumoraEngeloRumora
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    October 30, 2013 - 1:59 pm

    Thanks Ben,

    Its very frustrating if the investors open accounts and than the bank decides to shut them down. It makes things very inconvenient. 

    There must be a better solution figured out for foreigners wanting to open up accounts.

    I mean we are pretty much buying the whole country haha

    Thanks and have a great day.

    EngeloRumora | Ohio Cashflow
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    Profile photo of EngeloRumoraEngeloRumora
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    October 28, 2013 - 8:58 pm
    BoughtWithEquity wrote:
    LOL – I think Jay and I speak the same language.  Even in these challenging times, there is plenty of money & wealth to be created in real estate.  it's all about finding the right niche and riding that wave.  I've found mine and am loving the returns….although it's much harder to turn a 3/2 into a 4/2 with 4 separate renters…but it WORKS!

    Agreed.

    Lots of opportunities still to be found in the US.

    Thanks

    EngeloRumora | Ohio Cashflow
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    Profile photo of EngeloRumoraEngeloRumora
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    October 28, 2013 - 2:02 pm

    In da ghetto

    Sup man

    U got sum swag baby lollol

    Thanks Jay

    EngeloRumora | Ohio Cashflow
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    Profile photo of EngeloRumoraEngeloRumora
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    October 28, 2013 - 1:21 am

    lollol Bloody hell

    I don't know if those kind of areas exist there haha

    Thanks and have a great day.

    EngeloRumora | Ohio Cashflow
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    Profile photo of EngeloRumoraEngeloRumora
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    October 27, 2013 - 6:56 pm

    lollol

    EngeloRumora | Ohio Cashflow
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    Profile photo of EngeloRumoraEngeloRumora
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    October 27, 2013 - 6:55 pm

    Hi Jay,

    I heard of 2 decent areas in Detroit that posses good opportunities.

    What are your thoughts on these 2?

    Rosedale Park and East English Village

    Thanks for your time.

    EngeloRumora | Ohio Cashflow
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    Profile photo of EngeloRumoraEngeloRumora
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    October 27, 2013 - 6:49 pm

    Thanks Joshua4012.

    Looking forward to your post.

    Have a great day.

    EngeloRumora | Ohio Cashflow
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    Profile photo of EngeloRumoraEngeloRumora
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    October 27, 2013 - 6:46 pm

    Thanks Jay and I agree with you.

    I thought the gentleman was looking at working for someone and not setting up a business.

    Thanks and have a great day.

    EngeloRumora | Ohio Cashflow
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    Profile photo of EngeloRumoraEngeloRumora
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    October 25, 2013 - 1:37 pm

    hahahaha

    Love it Freckle lollol

    super funny

    made my day

    Thanks ;)

    EngeloRumora | Ohio Cashflow
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    Profile photo of EngeloRumoraEngeloRumora
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    October 23, 2013 - 10:50 pm
    streamlineinvesting wrote:
    Thanks for your helpful pointers

    I have been in Fort Myers for a couple of days, and so far it has been a real eye opener. The place is a lot different than I expected, but it is a really nice area and I look forward to more trips here in the future.

    I was able to set up business bank accounts for my LLCs with Wells Fargo, so that is great to finally have online access to my money and can tell it will be a great benefit down the line.

    I also met with a mortgage broker this morning who was very confident in being able to get a loan. There is still a few things I have to provide to get pre-approval (tax returns, proof of funds etc) but if I am successful I will definitely be sharing the contacts and experience with fellow investors!

    I only have a couple days here left (quick trip I know) but hopefully am able to close on a property I put an offer in before I came here, it was meant to be accepted by now…

    Sounds like your trip was a success.

    Well done ;)

    EngeloRumora | Ohio Cashflow
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    Profile photo of EngeloRumoraEngeloRumora
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    October 23, 2013 - 10:48 pm

    Hi Dereck1,

    I don't suggest such a move unless you can get a job in a major city with a big contractor.

    The labor is really cheap here with very good plasterers and painters making around $15 per hr

    Thanks.

    EngeloRumora | Ohio Cashflow
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    Profile photo of EngeloRumoraEngeloRumora
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    October 21, 2013 - 4:22 pm

    Thanks Andy,

    Have a great day.

    EngeloRumora | Ohio Cashflow
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    Profile photo of EngeloRumoraEngeloRumora
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    October 18, 2013 - 1:46 pm

    Hi Nich4,

    Whats the reason you are selling your home?

    Thanks

    EngeloRumora | Ohio Cashflow
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    Profile photo of EngeloRumoraEngeloRumora
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    October 15, 2013 - 1:30 pm

    Personally I don't know of any bank that will lend to foreigners.

    There are other finance companies tho that will. They do require a higher deposit and also the interest rate is higher.

    If you get a US number please feel free to give me a call when your in Florida. I would love to chat.

    816 372 5334

    Thanks and have a great day.

    EngeloRumora | Ohio Cashflow
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    Profile photo of EngeloRumoraEngeloRumora
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    October 14, 2013 - 12:51 pm
    BoughtWithEquity wrote:
    This is an old string but Atlanta never really dried up.  Many have opinions as to which market is "best"  Vegas never made any sense to me and still doesn't but to each her own.  There are still great deals to be had IF and only IF you have a good team on the ground to work with.  Our model is different as we create shared housing and avoid the whole rent-evict-repair-rerent cycle the atlanta rentals have become.  I once owned or controlled over 300 single family homes in metro Atlanta and it became an absolute nightmare for me.  From that experience, I switched to shared housing where we market the rooms as separate rentals.  It works for us and we get much better net rents, less turn-over and much less repairs & repaints….plus the house is never vacant so theft is zero.  I know Atlanta very well so it makes sense for me to continue working here.  We now partner with investors who are stuck with empty or non-performing rentals and get them turned around with our shared housing model.  Andy

    Hi Andy,

    Thanks for your post.

    I hear from so many Australian investors saying this and that market dried up etc…

    There are still so many good deals out there to be found. In my opinion the Australian market is way overpriced and I have many contacts still finding awesome deals in the "overpriced" Aussie market. The US still has a long way to go before the prices get close to previous highs. My whole Aussie portfolio is in the process of being liquidated and I have been all in here in the US. I have turned Yanky hahaha

    100% agreed. If you have the right team on the ground that has the investors interest at heart you are certain to succeed no matter where you buy.

    Thanks and have a great day.

    EngeloRumora | Ohio Cashflow
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    Profile photo of EngeloRumoraEngeloRumora
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    October 14, 2013 - 12:38 pm

    Hi streamlineinvesting,

    Thanks for your post.

    I bet you are very excited.

    On thing I can suggest is to stay connected with the banker that opens the bank account. They will assist you with future wires and transfers so its always good to have them on your side.

    I haven't had a chance to visit Florida yet but have many contacts there always inviting me over. I will have to go soon as I have herd awesome things.

    Thanks and have a great day.

    EngeloRumora | Ohio Cashflow
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    Profile photo of EngeloRumoraEngeloRumora
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    October 11, 2013 - 12:58 pm

    Hi James,

    Numbers work very well on housing commission stock. Potential issues with tenants other than that love the numbers for cash flow and refinance.

    Thanks.

    EngeloRumora | Ohio Cashflow
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