So Cheeves do you agree with me..

that bringing Buyers and Sellers together and earning a fee is what Licensed REAL ESTATE Agents do?

To our OZ friends do you need a license to SELL real estate you do not own in OZ.. I have to think there is a big REal Estate industry there with how Real Estate crazed the average OZ citizen is. so why would it…[Read more]

Cheeves your a RE broker in NJ.

Do you think the NJ Department of Real Estate would allow a bunch of college kids to be talking to clients about buying real estate, without said college students being Licensed agents.

I know were I am a licensed RE broker CA OR WA MS.. this is clearly a violation and I would bet dollars to donuts it is in every…[Read more]

Not to be negative but a boiler room full of college students who have little to no practical r e al estate experience just sound like a high pressure sales organization. And the only way you can cover that overhead is with healthy margins and volume

What are your 5 markets?   This is really the crux or acid test  of your company.. 

Also since…[Read more]

Karina,

I certainly do not believe my advice is the end all be all.. however if I can help one person like Gavin not get hooked up with a guy like Jeremy Burgess in Detroit then I have done a service to the community I believe.

If anyone would ask this Burgess character for any of this info he would run for the hills

" Gross Rent Multipliers"

This is an appraisal term.

YOu can appraise a home in 3 basic ways.

1. comps  ( what are neighboring houses selling for)

2. replacement cost ( what would it take to replace it)

3. Gross rent Multipliers ( value based on gross rent that is common in the area)

So right now were values are all over the board. the US…[Read more]

Ziv to be specific from a US point of view

Having made over 2,000 hard money loans in my day,, so basically underwriting borrowers is what we do, along with underwriting the properties we are loaning on. here is my quick list. And I believe this is germane to buying from someone who is touting to provide a turnkey experience whether you visit the…[Read more]

Kyler,

how is your wholesale market there in KC… you getting the intense competition,, say an Atlanta market.

wholesale prices have risen 20 to 50% across the board in Atlanta in the last 4 months.

I knew it could not stay that low for much longer… Of course you can still buy Ghetto Atlanta for cheap and the older houses.

thanks

seminars,, are big business, its the education business, just like going to the book store and buying hot to books.

With very rare exceptions ( at least here in the states) those running seminars do not and have never really owned the properties they talk about,, they may flip them, but do not own them long term…Just in it for the flip fee's…[Read more]

Any vintage home that I buy the first thing I do is put a new sewer line in to the street. I doubt you will be able to replace the entire sewer line for 500.00 1.500 to 2,000 is more the going rate. Most these lines were made with Terra Cotta piping just like the Romans and roots get into the bell housing.

better to get that done than to have…[Read more]

Good timing on Phoenix,

the US market is rebounding nicely.. just want to make sure we don't bubble..

As prices rise rents will not rise with them… So returns will be squished.

Kind of like WI is experiencing in Atlanta… Good news is US investor will gladly buy these properties at a 5 to 8 % return.

And hopefully that will trickle down to…[Read more]

Insurance will work once,,, And if your house is vacant more than 2 months insurance will not cover anything even fire ( read the small print)…

If you take the train from DC to New York you pass through parts of Philly,

You will see large buildings that have been blocked in.. by that I mean cinder blocks cemented into the windows and doors…[Read more]

Cheeves,

I think the point Emma is trying to make is this.

1. Many of the wholesalers and OZ resellers DO NOT HAVE AN OWNERSHIP INTEREST IN THE PROPERTY THEY ARE PITCHING.. And by definition one needs a real estate license in the US if they are making fee's bringing buyers and sellers together.. Its the wild west with these OZ resellers. And…[Read more]

Emma     and     Cheeves

Good points.

from my point of view there is ethical then there is those out to make as much as they can make and if the investor has a bad day they could care less and are just down the road.. I suppose that is the definition of the term "Spruieker"

My main pet peaves have and will always be the same.

1. Super low end…[Read more]

Just like any big US city Atlanta has its share of Ghetto's. 

this same story can be repeated hundreds of times from Detroit to Memphis to Rochester, Cleveland, St Luis, Chicago,
Indy etc etc.

The fact remains there are many companies out there and operators in the US and OZ that are just plain bad people, and they are what I call financial…[Read more]

Ziv

I would file a Bar complaint against this so called lawyer, if  what your saying is true that is totally unethical behavior on the Lawyers part and a huge conflict of interest.

I know many many lawyers over the years, And have never heard of such behavior.

Reputable US lawyers as a matter of course would never enter in business arrangements…[Read more]

Interesting post:

Caveat I have not read Steve's offering in detail so if I was reading between the lines. Looks like Steve is raising money for a US private non traded REIT that will then begin or has been buying commercial properties in the US.

Steve is thinking the commercial investments are where the SFR's were 3 years ago. And Freckle is…[Read more]

Interesting post:

Caveat I have not read Steve's offering in detail so if I was reading between the lines. Looks like Steve is raising money for a US private non traded REIT that will then begin or has been buying commercial properties in the US.

Steve is thinking the commercial investments are where the SFR's were 3 years ago. And Freckle is…[Read more]

WI.  Maybe love houses meant experienced  investors that actually own our own portfolios not jus a marketing company. That just flips houses and are down the road.

 for me personally, the arket is far to dynamic and with the us investor coming back in droves and with well funded 401k

The idea that inventory will wait for investors to sc
chedule …[Read more]

WI,

The 50% is what these guys paid for the house all in and the balance is in fact  just vendor  carry back financing. That's why it's only avaliable for properties they owm

This is very popular program in markets like.  Memphis, and KC as well detroit

When we can no longer buy we then sell ang
d take our profits

Ps.  This site does not work…[Read more]

Well I think this is where I chim in and say " told you so"  4 to 5 months ago…

I think all good advice and opinions in this thread… I will say though that some of my most profitable years in Foreclosure buying were the mid 2000's in a very hot sellers market.

There are still deals just NO low hanging fruit which is what a typical OZ…[Read more]