WI,Be EXTEMELY careful of a vacant house…Most policies have an exclusion after 2 months. and some 30 days.I am sure you will read the fine print…. Many an investor has had a bad day when the insurance company denies their claim based on vacancy.JLH

TZ,Nice to see the forum readers are realizing how much data they can get for free on line,I suppose you went to the Public RMLS website put in the address and up popped the property as pending… Probably to a local wholesaler then being sold through the normal marketing channels… And being pending @ 40k does not mean it will sell for that.…[Read more]

wi

send me an e mail we have 200 plus doors I work through this weekly be glad to help you

JLH

Jay@truewholesalehouses.com

mattnz wrote:
Thanks for the advice Jay.

I am a developer here in Australia, (not a builder however). I’m currently getting 30-40% net margin on costs, but don’t see this lasting much longer. Would the banks lend to me as a foreigner for development loans, or am I looking at hard money loans? If you could PM me any contacts, that would be much…[Read more]

your timing in certain markets for dirt to build able lots could be good.

doubt you could get a loan….

as the only banks that do these kind of loans are local commercial banks,, and the feds will only let them lend to clients that live in their lending footprint… this is not hard and fast rule but I would say i am 97% correct.

Much like…[Read more]

Location location and then location will determine future values.

from what I have seen in the last year what AU. investors have bought IE super cheap ghetto cash flow homes that will never be cash flow and will only be money pits.

I think the lots are a nice alternative…. NO cash flow but hey you can buy 5 to 10 of them for 20k or less.

No…[Read more]

AREIJoel wrote:
I am hoping that people will not lower their criteria to still chase the 15% + returns in less fundamentally attractive areas.This is where the herd will get slaughtered in my opinion.There are 3 phases in any new bull market, and I think we are entering phase number 2 as we speak. The smart investors have all positioned…[Read more]

Net yields which by and large are overstated by the sellers in the first place

Prices in a lot of cash flow markets could double,,,,,rents will stay static or could even decline as the big players move into sfr

Supply demand. Big volume owners will be looking at 3 to 5% true net yields and. Paying accordingly..

Great for us who bought at the…[Read more]

I think I can leave my e mail

Jay@truewholesalehouses.com

I want some of that 40%

Do tell

WI

Fine minds think alike

Appreciate you giving you point of view I believe the points are taken more seriously by a fellow countryman with experience
As well as a dash of reality, for every investor that started in the uUS with your methodical approach, there are 5 or 10 that just make the leap believing the promotors be it Aussie or US will…[Read more]

My point is not should I or should I not invest!

It’s the way these guys are structuring this.

You cannot buy a single hotel room in the US.

This ia a limited partnership tenant in common set up

Other red flag is the materials would infer that these projects can be built prior to sewer water and county approvals this HIGHLY suspect as being false

This is why I know so much about Lehiegh, and coral, I visited there in the early 80's.And my dad was one of the larger land developers in N. CA.Same theory as Lehiegh.. sell to those who want to retire in 10 to 30 years….In SOCAL  you can find their versions of lehigh out in the inland empire and High desert, when 2 million lots were platted…[Read more]

Cheeveswhen we flew the client up from LA to Norcal  usually 30 people or so… on the bus drive over to our project,,, our driver would point out the Negative nancy because they were already starting on the drive over.We would do the old Vadilium Hook… Walk up grab them by the elbow pull them aside tell them nicely we did not think this was…[Read more]

You go get em Alex,It really boils down to ADVERTISEMENTS for huge rental Yields… and those who want to beleive.. then it comes down to reality and the tween never meet.JLH

leonard wrote:
Hullo lawsjs and all readers. I don't consider that I have been ripped off as such but there are some providers out there that do it more effectively than others. For myself I would never deal with the same agency again or recommend them but I would with some of those I have mentioned in this response. Read and heed. I purchased a…[Read more]

In Oregon by law you are suppose to store the possesions of the dearly departed tenant… Me I haul them to the dump and will take the risk…..Most of the south and mid west is pretty straight forward on evictions… California is the one where you can have real issues.. It can take you 6 months to a year to evict… Also in CA and NYC  there is…[Read more]

righty O

Emma

Mexican Time share guys are the ultimate in close on the spot salesmen,,, Most from the Crimeshare business in CA and other parts of the US.

YOu want to learn hardcore selling just sit down and have a Cerveza with these boys and girls.

JLH

Just google,Real Estate option agreement… in the google us .commany examples will pop up