OMG,,,,Gavin,,, this is not what the US is about….It sounds like One OZ taking advantage of another OZ citizen…there are so many red flags in your statements about how the process was to work…bottom line is in my mind for everyone like yourself that steps forward there are many many more with the same experinces.Lord knows there are…[Read more]

Whatever,,No house has no maintenance and no house has zero vacancy… any thoughts to the contrary are folly.Not to be bragedousous, however I will be,, there are very few in the US with my wide breadth of experince in multiple markets. Being one of the largest hard money lenders in the fix and flip space  from 2002 till the GFC in 2008 gives me…[Read more]

Alex,would the world not be a better place if everyone invested in the TWH model…. These issues would never arise,, ,You and I work them out… Investor gets there check same day same amount every month.I can tell the US investors love it.And the big boys are moving in to the arena.Key properties in Atlanta the biggest wholesale buyer there just…[Read more]

mihovi,Your just really out there,,, 300 homes to be razed,,, what planet are you on…. Jesus,,,,,, 300 to 400 are burnt down every year on devils night… The fact is Detroit has a surplus of over 10,000 SFR's and some say as high as 40,000, And this is from Banking industry sources that follow this data like Hawks Banks have lots billions in…[Read more]

Lawjs:,,I am pretty sure I am the only one on the site that owns property in Kokomo Ind… I was there last week… its great little town 45 minutes N. of Indy…. Chrysler transmission plant and headquarters for Delphi,,,, GM's electronics. I closed a little flip there… bout it for 10 put 12 in it and sold it to a cash flow investor from LA for…[Read more]

Mihovi,Nice sales pitch and your information could not be farther from the truth… or maybe your stretching it just a tad bit.No one has zero vacancy and no Section 8 houses has zero maintenance,,, with those statements your credibility on this forum should just be sent to the round file… The idea on this forum at least from my perspective is…[Read more]

wow!!! One week of this site and a lot has occured… Alex is being far to generous in my behalf… Yes Alex and his partner Kevin and I have had many in depth conversations about the US market… My main goal on this site was to try to keep nice honest hard working folks from being taken advantage of by those selling properties either for far…[Read more]

If your investing in Detroit only buy once you have driven the neighborhood on a sat. between 10 and 4

Alex,

I agree with you on values. you can look at it a few ways.

Rental areas will be sold by cap rate. With the US investors happy with a smaller cap rates..

As we all know local investors that buy in rental areas will always pay less than an out of state or area investor.

One of the main issues I see is when the OZ investor goes to sell and…[Read more]

Kyler I agree with you 100% on thne markets you mentioned… Our Memphis team buys props that are 2 to 3 times removed from the hood…

All spelling is intentional I do not have time to spell check when my wisdom gets flowingf

A perry,

Good comments… Uo state ny is the poster child,,, and the Loa Angeles investor bought the same crap for the same reasons as you state, and plenty of us investors still do…

I am opening Indianapolis this month I was securing inventory that I will bring into the TWH family at 25k. Same props being offered by late night tv guru…[Read more]

Portland Oregon being the exception. No hoods here, however low end rentals start at 125k. Not bay area prices but higher than the mid west.

As to the Memphis comments. The poster is mistaken about property tax probably meant income tax

Kyler. That is the pot calling the kettle black,,, yes buy in frasier or other bad areas of any mid west. City and it's a bad investment…KC has it's hood you can't tell me that's the10k or less houses you buy are in some great hood. <moderator: delete lannguage> In Memphis my purchase price pre rehab is 40k and up different animal… Our Dallas…[Read more]

Kyler the good news is I could afford to lose it and live to fight another day… Hate to see some mum and pop OZ investor buy the same and maybe that kind of lose would be devastating to them…. And that’s all I am advocating is for these mum and pops too understand that they need to be careful….Kyler you live and work your market and you…[Read more]

Laws,

I had a nice chat with Emma last week when I was in Vegas, lots of energy that one and very keen on what to do and not do in the us market…..

I have only done business with the wealth managrs for a doctors group out of Perth, our clients in the us are very risk adverse, so they do not want to deal with rental management they are fine…[Read more]

You will be one of my go to companies as your full disclosure

Nice Job folks…..

The fact remains there are many areas of these older industrial mid west cities that have many properties that have suffered functional obsolesence and just need to be bull dozed. And many of these homes would have been had it not been the GB, AU, NZ, GE, investors buying from these spruikers from these companies that…[Read more]

Nigel Kibel wrote:
I agree Jay

There are much better markets to invest in so why take the risk

Too focused on high yields, blinds investors to the risk of Capitol loss….

I doubt many Aussies. Walk away from their rentals,,,, from the sound of your market it’s probably as rare as hens teeth.

Like I havw said repeatly on this site,,,…[Read more]

Alex,,,, I tried to buy the tequila rounds but Kevin would not let me…

With an emphasis on a lot of the Us turn key companies following my leed and holding instead of flipping (ya know I was the first lol)

Prices aremgoing to rise. And or those not in the know are going to be looking at the ones you and I pass on! Not too far from reality these days