WI

Agreed,,,,,mark up is reasonable

Comes down to execution. 3 months to rehab according to the other TRR client is just negligent… Also these TRR clients have one house that never rented. So bad purchase by TRR. And one that is trashed….so their proprty management is human vs a vi US market…

What raises res flags is when TRR cients…[Read more]

Buy 100 houses at one time. Yes,,

Highly doubt TRR buys 100 houses in one closing……they are buying just like any other investor in that market.. And I will bet you dollars to donuts they are doubling escrowing. Although with the market changes in the lat 6 months that is probably tougher

Short sales and auctions….

Emma,I stopped going to the Dump years ago…. with any thing but construction debris or yard type debris if its cloths furniture, hard goods whatever… I just move them in the driveway.. Put a Free sign on them <moderator: delete> and its all gone.. No cost no fuss no must they are happy to get the items I am happy to not have to go to the dump…[Read more]

WI,I looked at what you sent from TRR and there is address but no cities one would have to really hunt around to find those properteis, do they actually post FULL address?JLH

Emma,,, what do you really think???great advice,,,One last thought on the subject,,, Do you ever wonder why the US wholesalers are pounding so hard on the GB and OZ is because by and large have burned through the US investor, the great majority of these foreclosures come from the US investor that had the exact same experince as RICHARD,, the OZ…[Read more]

Always two sides to the story,, the OZ side is the poor fellow was there on his 30 day vacation to work on his units and did not know any better, that buying hood properties for an unarmed white person can and will be hazardous to your health..Its a crazy world the Black folks live in by and large in the US.. OZ investors have no clue… Just…[Read more]

I like Fort McMurry Alberta for a mining town,,, its got that old swagger to it.. plus huge river running through the town and some greenery.

I bid on a parcel for a shopping center oh 7 years ago so I was up there for 3 days.. got to tour the open pit tar sands mines and ride in the big ass trucks and excavators…

I am sure this is going to be…[Read more]

would be extremely rare if a company like TRR that is doing 100 homes a year or so would have any direct pipeline to any bank save the odd one… When they say bank they probably mean short sales,, and the for profit auctions.-

Emma,

This is SOPS (standard operating procedures) in the credit challenged mid west and deep south…

We do some of it on the West coast…

The risk you run is fixing the credit these people can be really tough, I have had these drag on for more than a year and never come to fruition.
they keep dinging their credit even though your working…[Read more]

just tough for those investors who went through the TRR's learning curve,,,,I wonder if TRR compensates these people when their investment does not come anywhere near what they represent?They may say they are buying direct from banks,,,but that is pretty hard to do.. Alex can vouch for that.. YOu may get the odd one. Or you have to guy millions at…[Read more]

In the US… we have whats called bonus depreciation It was enacted to stimulate certain industries… You can get it on vehicles if its for your business.So those aircraft I was able to year one right off 75% of the purchase price off of my gross income.. And in those years when my lending company was doing 40 to 60 loans a month we were making…[Read more]

When anyone or company says they rent a property in one weeks time,,, big red flag for me.Our portfolio in Atlanta we average 4 to 6 weeks to get a tenant and thats because we usually have to go through 3 to 4 applications before we choose one.Atlanta is a big place like WI says… And it has just as bad as neighborhoods as anywhere,,, if you get…[Read more]

buy to Let mortgages for the GB buyer is nothing more than owner financing.goes like this.wholesaler buys property for 5k puts 10k into …. GB Spruiker  sells to unsuspecting GB investor for 60k… 30k down and owner finance 30k… Profit of 15k is made just on the down payment and GB Spruiker and US wholesaler split profits in some manner.30k…[Read more]

Oh and by the Way Alex does not need a gun,,, he can just scare the heck out of them by staring them down Alex is a Martial arts champion so he is a lethal weapon…  Just kidding Alex   Not really

MahoviI remember back in my Detroit lending days it was the first time I saw the following:1. Glass bricks on the basement windows so they could not be entered easily but let light through2. Paint copper pipes grey to simulate Galvanized pipes fools some of the crack heads coming in at night looking for easy pickings.3. Rehab contractor had…[Read more]

Oil Fracking

British companies are hitting this hard

I can only relate my dealings with Jeremy lent him money on two houses he did not repay. Would not communicate unless pushed to the limit by going semi public…I think you feedback is very good…. And I know some of the better players there in Detroit that have gravitated to land contracts… Land contracts have about a 50% mortality rate IE…[Read more]

As I think about this you may be able to Rattle Jeremy Burgess cage hard enough to get some money out of him or at least make him resell it for you…. He is the deep pockets in this scenerio as you present it.

Richard,with one google search,,, I found the wholesaler who this Andrew used,,, its Jeremy Burgess…who is Canadian… so he was the seller of this property… And he has a big profile in Detroit…Your property is on his website and on the Net… I did 2 deals with this guy ( loaned him money to buy foreclosures) and he stiffed us… Bad actor…[Read more]

Could be the place to go if the herd has not found it like Atlanta these days.Just stay out of the Ghettos and hoods and I am sure you will do fineJLH