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  • Profile photo of EngeloRumoraEngeloRumora
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    February 27, 2014 - 1:30 pm

    I hope you don't mind me stealing your comment???

    That's some good stuff mate

    haha

    Thanks Freck

    EngeloRumora | Ohio Cashflow
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    Profile photo of EngeloRumoraEngeloRumora
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    February 25, 2014 - 4:41 pm

    Might be a good buying opportunity for Qantas stock ayyyy?

    Would they really let the Kangaroo logo (Aussie symbol) just got bust like that?

    Thanks

    EngeloRumora | Ohio Cashflow
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    Profile photo of EngeloRumoraEngeloRumora
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    February 25, 2014 - 4:39 pm

    hahahaha

    or "Tomorrow tomorrow I love you tomorrow your only a day awayyyyy.

    haha

    Thanks

    EngeloRumora | Ohio Cashflow
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    Profile photo of EngeloRumoraEngeloRumora
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    February 24, 2014 - 2:13 pm

    Thanks Jay.

    I also just read an article on Ordos the biggest ghost town in China lollol

    See below:

    http://www.businessinsider.com/revisiting-chinas-ghost-cities-2013-9?op=1

    Crazy stuff

    There is definitely no "walking away" in OZ.

    Thanks and have a great day.

    EngeloRumora | Ohio Cashflow
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    Profile photo of EngeloRumoraEngeloRumora
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    February 24, 2014 - 2:06 pm

    Thanks Jay and will do.

    Nothing in the works yet but we have considered.

    I am eager to get you to visit us in Ohio to see the operation. I think you will like mucho mucho

    Its pretty much what you and Alex Franks have been preaching for the last 2 years on the forum about higher end real estate.

    Thanks

    EngeloRumora | Ohio Cashflow
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    Profile photo of EngeloRumoraEngeloRumora
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    February 22, 2014 - 9:30 pm

    We are looking at potentially buying non performing notes in Ohio and foreclosing.

    Potential to get some great bargains.

    Thanks

    EngeloRumora | Ohio Cashflow
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    Profile photo of EngeloRumoraEngeloRumora
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    February 22, 2014 - 9:27 pm

    As you mentioned there are so many horror stories that investors are ashamed to share.

    I have recently connected with investors that were regular posters on this forum and many have had a similar experience to Rosa.

    Property managers stealing, developers scamming them, issues with bank accounts, etc…

    Its sad to see.

    Credit to Rosa for speaking out.

    I would like to mention that I was constantly getting phone calls from the same debt collector about some stupid bill that some other person didn't pay 2 years before I even moved to the US. No matter what I told these guys regarding me not being a US citizen and not even having a social number they still kept calling and calling. I left them messages to take me of the list and that I am not who they are looking for.

    I called them 1 last time and asked to speak to the manager. I explained everything to him and in a professional manner said if I received 1 more call I will get advice from an attorney regarding harassment charges haha

    It worked lollol

    Thanks

    EngeloRumora | Ohio Cashflow
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    Profile photo of EngeloRumoraEngeloRumora
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    February 22, 2014 - 9:19 pm

    I hope so Jay :)

    50% – 70% drop would catch my eye.

    I doubt it will go down that much tho.

    Can you post the article on here?

    Thanks

    EngeloRumora | Ohio Cashflow
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    Profile photo of EngeloRumoraEngeloRumora
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    February 22, 2014 - 9:18 pm

    Thanks for your kind words Rosa.

    You have a great house in a great area.

    Also, you now have a great property manager in Matt and he will not steal your rent or lie to you.

    I take my hat off to you for biting the bullet and buying property although it has not been much of success in the last few years.

    Due to this tho you have gained extensive knowledge on US property and the market here. Much more than anyone else.

    I believe that every experience is a good experience and I have seen that you have learnt from your mistakes and will move forward more wisely.

    It was a pleasure being able to assist you.

    Thanks ;)

    EngeloRumora | Ohio Cashflow
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    Profile photo of EngeloRumoraEngeloRumora
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    February 17, 2014 - 3:43 pm

    Ivan

    SOLD haha

    Detroit haha

    I am calling you today at 4pm AEST.

    Thanks

    EngeloRumora | Ohio Cashflow
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    Profile photo of EngeloRumoraEngeloRumora
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    February 14, 2014 - 4:13 pm
    Redwood wrote:
    Hey Nigel, your a fan of commercial, don't mind that. Are you obtaining finance in the states in a SMSF? if yes, shoot me an email please.

    Funny story, client rings me today (actually an experienced accountant), says Ivan, a firm called XXX Pty Ltd, I met them and they told me about the cheap property in Detroit and the amazing returns. Firstly I spat out my drink, then had an honest chat with the old fella. Please please don't anyone advertise Detroit, there is just nothing to advertise.

    Engelo buddy, sorry we missed each other, make it next week!

    Cheers, Ivan

    No problems bro.

    Ill shoot you an email and we can arrange a time.

    haha

    Don't completely ignore the surrounding of Detroit. I am eager to look into the area once I move to Ohio.

    Thanks and speak soon

    EngeloRumora | Ohio Cashflow
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    Profile photo of EngeloRumoraEngeloRumora
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    February 14, 2014 - 12:39 am

    * I also think going through the pain now to get a US Loan is worth it in the long run, it has been difficult and frustrating but I think I am almost there, and hopefully now that I have one under my belt it will be a lot easier the subsequent loans I do get. That is the plan anyway.

    It sure will. Many banks treat existing customers differently and have a "in house" credit score. They will bend the rules a bit for long term customers that can show a great repayment history.

    Thanks

    EngeloRumora | Ohio Cashflow
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    Profile photo of EngeloRumoraEngeloRumora
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    February 10, 2014 - 3:39 pm

    We are all cheering for you hehe

    All the best

    EngeloRumora | Ohio Cashflow
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    Profile photo of EngeloRumoraEngeloRumora
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    February 10, 2014 - 1:37 am

    haha

    EngeloRumora | Ohio Cashflow
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    Profile photo of EngeloRumoraEngeloRumora
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    February 8, 2014 - 5:14 pm

    100% finance????

    Serious?

    EngeloRumora | Ohio Cashflow
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    Profile photo of EngeloRumoraEngeloRumora
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    February 8, 2014 - 5:14 pm

    Hi nyc88,

    Thanks for your post and I am privileged that you can remember my posts dating back to 2011.

    I did accumulate quite a few properties in a short space of time. I believe it was 7 months.

    At the time of building my Australian portfolio I only had 1 property in the US and as I pretty much moved myself and my whole life to Kansas City in September 2012 I fell in love with the numbers the US market had to offer. It was a "no brainer" to start selling out of all Aussie investments and move the funds here. It was also good timing as the AUD was super high. I predict the AUD will keep dropping.

    It is much better IMO to build a portfolio with high cash-flowing properties with no debt. Fortunate to be able to do that here in the US due to lower priced properties.

    Then later on potentially look at using some finance to continue buying and speed up the process of building the porftolio.

    If there are any hiccups with the finance properties (and there always will be) the cash-flow from the cash foundation properties can be used to cover any losses without interupstion to one's lifestyle.

    Thanks for reading and have a great day.

    EngeloRumora | Ohio Cashflow
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    Profile photo of EngeloRumoraEngeloRumora
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    February 6, 2014 - 2:46 pm

    Thanks James

    Unfortunately our group doesn't work in Atlanta so I couldn't give sound advice.

    EngeloRumora | Ohio Cashflow
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    Profile photo of EngeloRumoraEngeloRumora
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    February 5, 2014 - 8:03 pm

    haha

    SPAM tastes great with bread.

    Why would it be deleted because of food?

    Jokesss,

    ahhhh same as the BP post. I got a message warning about that :(

    Just trying to help other investors get more knowledge on US property.

    Thanks

    EngeloRumora | Ohio Cashflow
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    Profile photo of EngeloRumoraEngeloRumora
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    February 5, 2014 - 1:40 pm

    Why did the other post get deleted?

    lol

    EngeloRumora | Ohio Cashflow
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    Profile photo of EngeloRumoraEngeloRumora
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    February 5, 2014 - 1:33 pm

    Hi Flipping4Profit,

    I have see your website before.

    Unfortunately I don't know anything about the market in South Africa.

    I am sure you will get some replies from the other members tho.

    Thanks and have a great day.

    EngeloRumora | Ohio Cashflow
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