The group I invest with works with a lot of smaller international investors because they allow you to use a credit card to participate with them. Makes the whole process easier and relatively risk free. It also allows you to avoid the pitfalls of owning property in the US as the rental game in the states is not an easy one. Evictions and…[Read more]

So are you still in the states now or back in Australia? I think the real market in the US is for larger, highend flips over $500k which doesn’t seem like much in Australia but buys quite a bit of house in many US markets. I also like apartments and the group I am with is eye balling some C-D properties that can be bought fairly cheap and then…[Read more]

Why an Ikea kitchen? Unless it’s a quick flip, they are total bullash. You need to set the sink with a super strong silicone made for this purpose. My contractor usually uses GE silicone on most of our sinks but with a stone sink, you might want to use the epoxy. On my higher-end flips, we almost always have to redo the undermount stainless…[Read more]

Find some local agents in your market and ask. I can’t imagine that a 2bedroom would ever rent for more than the combined income on the 2 singles, especially if it is a very small. Your return is bloody awful if I am understanding it correct at 3.3% (is that annually) if so – that’s insane!! Can you get more rents doing airbBnB? If not, I’d…[Read more]

This is always a task best left to professionals and not for the do-it-yourself’ers. If you’ve ever looked at a floor and it looks like it has ripples or waves all across it, that’s someone who had no idea what they were doing. We almost always redo the hardwoods on our flips and rentals. If the floors are super bad as they can be in the…[Read more]

Please don’t even bring that nonsense in here! It’s a real estate forum not a gambling one

So where was the property you bought and exactly what happened? It isn’t always the managers fault.

How did your Boston project work out?

What you need to form really depends on what you are trying to buy and where? You might want to look at particpating in a real estate fund or something else you can start with reasonably, use a credit card for security and still get 10% returns.

Not sure why anyone would be paying so much upfront to receive “mentoring” – if you do anything outside of your area, use your credit card for total protection from fraud. Look for investments where you can start out at a modest amount and grow from there and only work with programs that allow for credit card use. If they don’t, you won’t see a…[Read more]