depending on portfolio size I would consider not getting insurance at all.  depending on the value of the house.so lets say.If you bought one of the cheapy houses sub 20k… whats the use in insuring it…. your not going to make a claim for theft or vandilism… I have had 2 houses burn down in all my years as a lender and owner.. and thats well…[Read more]

Alex,My Dad and I did these for years in California,, back in the 80's… We would fly 30 couples from Socal to Norcal. Have 2 bus's and a line of salemen ready to tour our properties.Flights in those days were 99 buck aroos round trip… And we charged 199 to the client ,, so it paid for itself basically if they bought they get a credit of the…[Read more]

Alex,IHG,, Nick Vertucci who is hooked up with Armando Montolongo charges up front fees.And of course there is all the Seminar Gurus that sell boot camps and a total elevator pitch of products.I have funded deals for these so called students that have literally paid for the price of a home with these Guru's before they even bought a home.. .In…[Read more]

worldinvestor wrote:

jayhinrichs wrote:
I think one of the important aspects of this conversation as it relates to WI is that she has sufficient MASS or SCALE… I think she mentioned that she has 8 properties to date, So probably a 400 to 500k investment on her and her husbands part…. As well as based on what she has shared she has bought…[Read more]

Alex SC wrote:

jayhinrichs wrote:
I think one of the important aspects of this conversation as it relates to WI is that she has sufficient MASS or SCALE… I think she mentioned that she has 8 properties to date, So probably a 400 to 500k investment on her and her husbands part…. As well as based on what she has shared she has bought in the…[Read more]

streamlineinvesting wrote:
This was one of the biggest concerns we had with our agent in Florida when we got our first house. We had never met her, even though we had been dealing with her for over a year before we finally got to finalise on our first property. Towards the end there were plenty of questions between my business partner and I…[Read more]

Mihovi

These guys missed it on the second article that “Las Vegas was ahead of its foreclosures and Florida is behind because of Judicial FCL.”

I agree with Florida and its one reason I would never lend money there, FL and NY are absolutely the worse places in US for a lender.

NV just passed senate bill 248 that brought the foreclosure sales to…[Read more]

couple of commnets and Ideas for those looking for representation in the US.

Now full disclosure I am a Real Estate broker in 3 states and have been for 35 years with never a complaint this is public record.
so I am partial to dealing with RE professionals. However just B/C they are licensed does not mean they are competent in what your looking…[Read more]

I think one of the important aspects of this conversation as it relates to WI is that she has sufficient MASS or SCALE… I think she mentioned that she has 8 properties to date, So probably a 400 to 500k investment on her and her husbands part….

As well as based on what she has shared she has bought in the easier to manage areas of Atlanta…[Read more]

WI:Perfect,,, thats my exact point.. by better properties and one has a chance… buy low end and its not the same story….If you do not have the time energy or expreince that you do our Model is a great alternative instead of doing nothing.And just like the US there are always those that want to do it themselves have the time to write skype…[Read more]

Freckle as always great comments.California though with all its trouble is still the number one target for US Captial.. and the cash flow is the lowest in the country.Its based on history,,, and weather,,, and proximity to mexico.I just spent last hour writing back and forth with my contact… We are honing in…. I relayed alot of what you said…[Read more]

Mihovi,,,I hear ya,,, your first post said that you thought he was reputable.. and I am sure there is no way for you to know other than hear say…AS you and I both Know the inside story, Richard Davies has been totally abused by Andrew and Jeremy and I can wholeheartily assure you they both knew exactly what they were doing, and I would have no…[Read more]

Jeremy burgess despite what Mihovi says is not a reputable wholesaler as there are very few in Detroit in my humble opinon.Detroit is just fraught with danger from all aspects.We did 2 deals with jeremy and he showed himself to be of low character and not trust worthy..In a flipping scenerio he will not give 2 hoots about your issues… And of…[Read more]

I think the lesson here is :One ;   WI from what I have read this year has traveled to Atlanta 2 times ( of course correct me if I am wrong)… So that is 2 to 4 weeks of travel.. this probably cost at least 3k or more per trip.. Not sure how many houses she owns.. but lets say she has 4.. and lets say her cost to travel and her other soft cost a…[Read more]

Basically the hedge funds with by and large by properties where no OZ investor will buy.. because Oz investor is still deluted with these returns that are just fanatasy,, and only temporary at best… These guys will buy the better inventory take the lower yield they are all buying for capital growth and a nice sustained yield,, we do not have the…[Read more]

Freckle I saw it in my lending business big time,hege fund come in with 20 to 50 million and basically lose it.. Here I am hard working guy build my company to 30 million,, and they come in and undercut us then lose it all and down the road.. it was tough market when it crashed but you take institutional money and if they walk they just exit, no…[Read more]

there are already major enviromental issue cropping up.. And you know the US.. just  think about the spotted owl..this aint Canada,,, some judgle could stop this in a heart beat…but I think there is a play here but its more of a business play not a long term passive investment play..I looked at starting a building company there, but just could…[Read more]

Ok,,

I thats my point I wonder if the OZ investor will engage at under 8% net yields.. I would allow them to buy much nicer houses that have far less Risk… but then they may just choose to stay home and not come out to play at all…

and or they will keep playing in the hood throwing good money after bad,,

be interesting.

JLH

the only liquidity event that those hood properties are going to have

WI,I agree currency spread is a nice factor,,, back in the early 2000's I was lending hard money in BC… I remember one loan in particurlar that I made 100k CA… cost me 68k US… by the time the guy paid me off the CA had stregthened 20% or so… So I got my 15% yeild on the note plus a 20% bump in principal.. that was a huge earner… Same…[Read more]