Rj is very experienced.. We are working on a TWH hybrid for moving forward he realizes what I did 2 years ago we need to own these and not flip them.. and have our investors come in as our partners so 95% of the investors get better deals by far than they can on their own (WI your kind of the exception to the RULE you reside in that 5%),, and…[Read more]

I was standing next to rj at the auction he referring too. He and I are friends along with John chin and Andre waite

These comments are conclusions we have all come to…

There you go truer words were never spoken and dgirl is being kind inner city anywhere USA is no an appropriate investment for out of area investors    Foriegn or domestic

WI  SAH,

Happy to share,, the real issue here is that this is the first time in American investing history that large ( what we call institutional money) has ever entered the SFR game.

As the article stated traditionally buying these types of properties for rentals would be   Mum and Pop business, with of course investors from all over the world…[Read more]

AGain I have no practical knowledge of affairs in OZ.. This transaction is so wrong on so many levels.

Would a solicitor not check title before having you execute. 

In the States a Good Real Estate agent would have prevented this as well. They would have made sure title was clear or what you bargained for before releasing deposits.

Its ironic..…[Read more]

Not being from your country,

So I am just throwing darts here, However it seems to me the Seller has some real liability to you on a personal level,

IN the States this would be fraud not to disclose such a major contractual issue.

However for 200 dollars you could have a title co pull title and have found out about this secondary lien in 24…[Read more]

How much cash did you give them up front?

Amazing: is all I can say…

I guess it show how tenuous it can be to own property from that far away then have it not live up to your expectations.. One just gravitates back to the only contact they know.

I would file complaints with Government agencies,, especially ones in your country, Followed by the Department of Real Estate in the States you bought in.. Along with the FBI.. this is clear cut fraud embezzlement etc.

Demetruis Mathis was just sentenced to prison in Mississippi for taking 25k from a Norwegian investor.

One thing that virtually…[Read more]

Kyler,

Atlanta keeps going like it is and I will be selling to the herd… The hedge funds are very tough competition. but the way the auctions go there NO one can corner the market.  Now these hedge fund types they are pretty smart dudes all Ivy league trained  Wharton , Harvard Stanford etc etc… And they are concentrating on markets they…[Read more]

Nigel and precise

I have been preaching this same mantra about cheap houses for the last year and a half.. 980 some posts worth.

Precise,

In older established neighborhoods what you describe as rehab is my standard.

First thing I do is new sewer line from the house to the street… All new pex plumbing.. Up grade the electric box if…[Read more]

WI

I do believe the stock that I have bought and I am thinking you bought will come back pretty easy to the 90 to 110k range. And most of my properties all in with my TWH model are at 40 to 65k. with an average of about 50k.. Sq FT is not a huge factor with resale,, its location and monthly payment for those buying starter homes.

builders that…[Read more]

WI,

I would venture to guess that these are the reasons for change in Tactics

1. these C class properties by and large are not performing  anywhere near the representations that were made and I would bet quite a few are just total losers vacant trashed and no hope.

2. As has been well documented the better inventory in Atlanta the wholesale…[Read more]

Ryan 

Just missed you in Atlanta I was there at the auction on tuesday. What a zoo.

On the nicer inventory the hedge fund buyers were bidding properties up 20 to 40k per property higher than we paid for thom 6 months ago just like Pheniox, actually one of the Pheniox bidding services was at one of the counties I visited.

Premier is a  high…[Read more]

Ryan

Good reply. Doesit frustrate you competing with non licensed companies

My fund is up and running concentrating on west coast

Ried  introduced me to a  so called money raiser  in new York or Boston and this guy was just out to make a few biucks providing an off the shelf  ppm.

Keep up the good work… Inventory is going to be an ongoing…[Read more]

Happy Hunting:

Try to follow Karina's advice and buy as new as you can afford.

As a rule I have not bought anything older than 1990 in Atlanta and 75% or more are 2000 and newer.

55 miles out of Atlanta is a pretty long way way and in most instances is probably not considered Metro Atlanta.

thats an awful long commute for anyone working in…[Read more]

Tash,

I think your missing Karina's point she does live and work in Atlanta, but is Australian I believe.. Same with the TRR folks.

There are far worse characters out there than these 2… No one is perfect in this business my self included.

I do agree with you whole heartily about buying prime over sub prime…

And to many West Coast…[Read more]

here is what has happened in Atlanta in my ever it to be humble opinion

1. Values plummeted to un reasonably low prices in the panic.. Those like WI who jumped in are going to benefit. My company TWH is going to benefit and so will all those who pulled the trigger earlier and saw value and moved to purchase as long as they bought the right…[Read more]

NIgel

Agreed… New construction in the right markets is finally coming back.

Even Atlanta..

this has always been my issue with Texas used stock.

The question is it better to buy TExas were values by and large held, ( although there are still deals in foreclosures other wise you would not have turnkey guys offering them as we all know there…[Read more]

Slowachiever

I love the comment "insruance broker turned financial advisor" that is so true here in the US.

they sell you life insurance, Annuities, one product after the other.. really high commissions with residuals.

I just presented my TWH model to a group of them.. And spent 5 days on a cruise ship with them. These guys focus on one thing…[Read more]