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No need to see the property if you have a good team and people you can trust.
EngeloRumora | Ohio Cashflow
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You will get some great content from Nathan's seminar. He is always happy to have a chat after also.
EngeloRumora | Ohio Cashflow
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I will be in the US from the 10th of April. Starting in New York.
Regards,
EngeloEngeloRumora | Ohio Cashflow
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I go to may seminars and they are all a big sales pitch. Some are very pushy with no content and just sell. The worst seminar I have been to so far was LIVE OUT LOAD with Loral Langemeier and one of the best I would have to say would be with Wilson Luna. Both of these were more business orientated tho.
Engelo
EngeloRumora | Ohio Cashflow
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Even if you buy in a rental area you can still sell to an investor looking for yield. Prob for none or minimum profit.
Engelo
EngeloRumora | Ohio Cashflow
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Looks fair to me mate,
Your mark ups arent that big. People want something for nothing these days.
Engelo
EngeloRumora | Ohio Cashflow
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Agreed with Luke,
First thing to check is if the structure is sound. If the fire gets through the gyprock ceiling you will likely need a new roof as the rafters and hanging beams might be burnt. If there is any chance of salvaging and rebuilding as long as you buy at the right price you can definetly make money.
EngeloRumora | Ohio Cashflow
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I think Aussie $ will stay strong for the next few years so no need to rush in and buy.
EngeloRumora | Ohio Cashflow
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Hey Kyler,
Love the cheapies mate, I should be in the US around April would be good to catch up and see what your doing first hand. Your doing similar stuff to what my guys are doing in Rochester.
Engelo
EngeloRumora | Ohio Cashflow
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I go on realestate.com and just search new listings under $300,000. Properties that are run down catch my eye the most. With the places you have mentioned like: Gorokan, Raymond Terrace, Budgewoi, Watanobbi, etc… I think there is good value there. Anything you buy for under $200,000 and give it a tidy up should rent for around $290pw – $300pw.
EngeloRumora | Ohio Cashflow
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In my opinion the numbers dont work unless you can get around $600 – $650pw in rent.
EngeloRumora | Ohio Cashflow
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It did help mate,
Thanks for your reply. I am always interested in getting other peoples opinions.
Engelo
EngeloRumora | Ohio Cashflow
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No worries Alex,
I’m happy my Rochester and Tampa is also up there
Engelo
EngeloRumora | Ohio Cashflow
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Thanks Jay, good write up.
EngeloRumora | Ohio Cashflow
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MR H wrote:Engelo, Wow that is an awesome return, nice work! We are just getting started with this property investing business – would love to pick up some great cf+ properties like that one day! I guess that’s the best thing about this forum, getting to hear what you experienced investors are achieving. Have got 2 units in West Wodonga, got them for $160k each in 2009 & 2010 they are renting for $200pw each. Looking in the North Albury & Lavington areas for the other one at the moment. Any tips you may have on finding good properties would be great – I figure it comes down to getting to be familiar with areas – property values & rental prices is the best way. RodI bought a housing commision home. I gave it a minor tidy up and paint. You will find that most of the housing commision stock can be bought around the $100,000 mark and will rent for around $200pw some even $220. Only negative is that some areas are on the rougher side but its slowly cleaning up. There is the odd unit that pops up on the market for around $80,000 thats not housing stock, they look like decent buys
Regards,
EngeloEngeloRumora | Ohio Cashflow
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maternic wrote:thanks for all your input guys, does anyone have any companies that they have worked with and recommend i get in contact with?Hi Maternic,
Shoot an email to [email protected] and I am more than happy to share my experience
Engelo
EngeloRumora | Ohio Cashflow
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Alex SC wrote:engelo10 wrote:Hi Alex,You're right "Cashflow Is King". Thanks for the heads up.
Engelo
Engelo
How are you? Yes to me appreciation= speculation and Cash flow = cash Flow .Very simple way of looking at today's real estate market . I do agree some market will eventually come back. I am just not sold on the time period every one else is saying. I am sure I will miss out on some deals down the road because of my cautious approach. I also feel that it is a safer play in today's real estate market.So I am not trying to line up all my investment properties with that idea for appreciation. This is where diversification comes in.
As always just my two cents..
Alex
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Yep,
We dont know when the market will recover, and the numbers in a deal never lie. I would suggest for every 5 cash cow properties maybe speculate with one property with potential for capital gain.
Alex,
Where do you think is a good spot to buy in the US for potential for capital growth when market recovers?
EngeloRumora | Ohio Cashflow
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hahahahahahaha
I will
EngeloRumora | Ohio Cashflow
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Hi MR H
What part of Albury are you properties located in? I have one in North Albury. Bought for $100,000 and rents for $200pw.
Engelo
EngeloRumora | Ohio Cashflow
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Hi Alex,
You're right "Cashflow Is King". Thanks for the heads up.
Engelo
EngeloRumora | Ohio Cashflow
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