NSW  AustrialaIs that North South West… OZSeems like an oxymorron

Yes Mam will be there… My daughter lives in Summerlin   off of trop and the freeway… let me know a good place… lets catch an adult beverage I am buying … Look forward to meeting you and comparing notes.JLH

rllilycropNo kidding I have never figured out the OZ facination with gross rental returns.. Gross works well if you have a rapidly accending market like  you have had in OZ the last decade… but in flat to slowly moving markets like the US its all about cap rate and NET yield… Gross yield is just a number with no bearing on what you have to…[Read more]

llovehouses,Can I surmize that you had real Cash equity in your home so that a drop of 100k leaves you with a value over your mortgage???Are Ozzies at this time finding themselves "underwater" vis a vis what they owe and what the property is worth like whats has transpired in the US…Once our decline started and then feed on itself,,, the US…[Read more]

Section 8 inspections are to preclude the slum lord from collecting rent from the US government.Sec 8 standards are really not that tough….. My rehabs far exceed section 8 standards…Although we do not participate in the section 8 program in all of our markets… And in Oregon there is very little section 8.

Tony,I realize our TWH model is a foriegn ( no pun intended concept)… As Texas Cash Cow states the note business is a lively one here in the US…  And many US investors would never own the bricks and mortor and only own notes.. they like being the bank and all the benefits that come with being the bank… Especially right now with the…[Read more]

this does not sound right,,,

right on the age,

And sorry I was not more clear…. We have 50 plus units with Section 8 in them…

My point is some landlords will rent to anyone with section 8… without screening them.

We cream the top of the section 8 tenants… We give them a great house, and really take care of them… Same day response to maintenance calls whenever…[Read more]

Rlillycrop

This is one thing that has really worried me when I hear of companies taking 3 months to reno and another 3 to locate tenants… Unless you have a buiilders RISK policy or specific vacant property rider.. All these people are uninsured after 60 days… I am sure the people selling them the homes either do not know this or neglect to…[Read more]

From my perspecitve and I probably have more Sec 8 tenants than most  50 plus.One needs to qualify them like any other tenant… Just because they are section 8 does not give them a free pass into one of our homes…Just like any tenant they can be great or terrible.  Our goal is to retain our sec 8 tenants.. However to do that you can take all o…[Read more]

modeling will get you everywhere

Cal.  is a tax sale state.. meaning  you bid you own simple as that… The majority of CA tax sale properties have little to no value but there are those that do have  value… its up to you to search them out… I grew up in a real estate family that made their living buying tax sales.. We have bought thousands of properties over the last 50 ye…[Read more]

llovehouses:

Your welcome happy to help…. Let us know how you finally make out…

JLH

100k ocean front thats probably some of the best value in the 1st world real estate

Kyler,Ocean front or Canal front for 100KI was in Destin a few years back.. and there were boarded up Ocean front townhouse developments… Small ones maybe 8 to 10 units… Nice area… I flew myself into Destin airport that was a trip::  2 or 3 airbase's one need to thread there way through then all the traffic at Destin airport… very busy…[Read more]

well we are on the love you side of the equation

All very good advice

welcome to the world of Real Estate in the US…If it becomes a situation like the US were millions of homes are under water or worth less than the mortgage the banks will have to come up with a program…Unless folks in OZ by and large have enough cash reserves to pay off a property that is underwater.

Same can be said of the poster children of the US market same era.1. Rochester NY2. Dayton OHio 3. Youngstown Ohio4. really anything Ohio5. Detroitetc etc

Cheeves,,I have posted these same comments now for a year,,, virtually verbatim One of the major issues with the OZ investor is many of them have leveraged there OZ property be it investment or personal residence to buy in the US… they pay about 7% interest on this.So they are buying in the states looking for those 15% net yeilds  and again who…[Read more]

I mentioned Cairo in case anyone has been there,,,,One just fell over on top of another you talk about Abject filth holy moly is N. Africa ever dirty and ikey.