Emma,Where are you finding 3/4 built homes… that are still bank owned,, from my perspective that inventory has long been sold and down the track as you like to say.At least this is true for the west coast and what I have seen in Atlanta,,, I did have the opp last year to buy 15 homes from one bank that were 90% complete. we passed as we did not…[Read more]
My bad,,did not mean that of the whole bigger pockets community,, I wrote that at 3 am.My point being that there are so many wanna bee turn keys guys in the US and they get an audiance there the poor public has a hard time sifting through those that are legit and those that are not ready for prime time and want to experiment with your money is…[Read more]
TZNot sure if your being facisous or not.However,,, I for one have gone out of my way to help your Countrymen and others try to figure out what they do or do not own. All for nary of a thankyou… and in this case as stated above this was a loan to a US person or company for a rehab flip… This is what I do and have done for most of my…[Read more]
quick zillow search ( and again Zillow is all over the map and this one is not different)this property sold for 15k.. ones next to it sold for 67k… others for 8k…so bombed out in need of total rehab value probably 8 to 15k.after rehab 40 to 50k..so question is what were you told and how much did you lend on this one.JLH
Checked out his website,certainly is not puffing.Huge experince he has bought and rehabbed 15 properties… And has a huge successful management company consisting of 40 properties.sorry but this is hardly experince,, and really can't blame the guy sounds like another beginner getting into the bizzness. And just coping other Turn Key web sites and…[Read more]
Kyler,give this OZ investor a 411 on the property if you will please. Klyer is our resident expert on KC, there was another property manager that frequented this site from KC but have not see him post in a long while.llovehouses,Kyler can give you a report on your collateral. If you want to scan and e mail me your doc's I can give you advice o…[Read more]
video,Do you know Doug at Debeers there in Detroit,he runs a pretty tight ship… I learned a lot from him when I was lending money in Detroit… I got a PHD in how to handle those properties. and those tenants…There is a Huge difference in the African american population in the south and in the North… I their demeanor and how they will…[Read more]
quickchick wrote:
Well, lawsjs,I'm not sure whether to defend ourselves or not even bother.Anonymous people with a largely unknown track record, apart from what they have chosen to disclose online, are ok to throw mud at people they do not know.And people like us who have and are, putting a lot of time and effort into specialising in a new…[Read more]
As a licensed Mortgage Banker in the US… I can tell you in 2 minutes what you have if you care to scan and e mail me your documents.Mortgage investing in the US is as big a bizzness as buying the asset… Same caveots apply though, no thy people who your doing bizz with,,, check the collateral, check neighborhoods etc.If we were looking at a…[Read more]
Interesting,,,,what I saw on some of Steve Mcnights buys were Mobile homes and single wides at that for dirt cheap.
But put those mobile homes in a nice Mobile Park and that is one of the better investments in the US… the ones that run really well and have great upside and such will trade at a 4 to 7 cap rate max… You can find MH…[Read more]
emma171 wrote:
I wouldn't touch a house at auction in GA…. Not a chance in hell…. Subsidence? Structural, termites and just a different breed… Vegas is so much easier… I might add that I have since the above also realized I do much better at REO purchasing….. By miles… In Vegas I used to laugh at how many we're just crazy over bid on…[Read more]
emma171 wrote:
POSTED THIS BEFORE AND VERY OLD INFO BUT A GOOD STEP THROUGH….In Atlanta you just have to add termites to the equation……Version:1.0 StartHTML:0000000149 EndHTML:0000014617 StartFragment:0000000199 EndFragment:0000014583 StartSelection:0000000199 EndSelection:0000014583 This is an update as to the auction procedures having…[Read more]
VideoInspectors wrote:
The topic of this post is why I started my business… Several years ago a UK Investor was referred to me because they had been taken advantage of by not only the company they had purchased nine homes from, but also three property managers in 18 months. The investor had $400,000 tied up into 7 vacant homes in need of…[Read more]
google Northwest Trustee Services… it will give you a link I hit the link I provided and Northwest site came up if you scroll down a little.Foreclosure.com is more of a zillow type service just general outdated info basically.Northwest Trustee is the actual Trustee that Sells the property you make your check out to North west trustee when you…[Read more]
maybe there should be a spot on this site that has the most common links in the markets that are attracting the most interest.One could look for their city and wha La there is 5 to 10 links,,, county GIS,,, county tax Assessor, Public MLS, Zillow and Trillia ( even those are notorisly bad for true values they provide other details) On line…[Read more]
Agreed,this is why when I get my portfolio to a certain size I will only carry liablity… Much cheaper to self insure against fire and other malicous things,Plus we have a standard of care for our properties that no property manager can come close to duplicating, since we only manage what we own,,, we are right on top of any home that has any…[Read more]