Cheeves,I am up for your webinar…gotomeeting works fine for the AU audianceAlthough I could hardly understand any of them

frecklehttp://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2012/04/10/BUET1O0RN2.DTLWith all the foriegners paying cash, and now US companies paying cash.. Our economy is at less risk going forward.with the Foriegners and US  IRA's all paying cash for properties,,,, the foreclosure mess will be a thing of the past.I have commented on this…[Read more]

Hanju,You sent me a PM on this site but your not accepting e mails… if you would like to contact me personally you may do so at my company e mailJay@truewholesalehouses.com

Frekle,I think your warnings have merrit however I think your just a little too doomsdayish…..From my perspective we have come through the worse of it. there is no question certain areas had massive problemsPhoenix for example had rental price compression in the multi family arena.. and thousands of investors walked away from their duplexes and…[Read more]

A Hedge 125 feet tall with trunks 3 to 5 foot at the butt.

Its nice there for sure, but its country living for sure… have to drive 90 minutes for Sushi

Lawsys

Go to Google earth..

Willamina Oregon,,, then follow the main road north out of town past the saw mill you will see on your left, 1 mile up on the right you will see our ranch… It has a nice valley running right up the middle and a nice elevation change from 500 to 1200 ft MSL. I want to put a little pond on it in the next few years and…[Read more]

frekleI guess I just look at how my business is going from a macro level then micro level.And things are just Soooo much better now than 2 years ago… housing is a big driver in the US economy,, 2 years ago in the Portland Market that had been building 12,000 housing units a year, in 09 we built 700…. Total crash, I would say 90% of builders…[Read more]

Freckle, Trillions of cash in USA Ira,s. 401k,s dbp,s PP plans etc etc. Plus cash in pass book savings.

Can,t compare us. To spain. Unemployment is almost 20%. Us unemployment continues to fall in most markets

California. Will survive. Weather is just too good.. And huge diversification in jobs…

Motion pictures are not leaving.…[Read more]

freckle,The fed just came out 3 days ago with a position paper that allows banks to look at their portfolios and if it makes sense enter the rental business. heretofore the banks were required to liquidate the wisdom of the time from the Gov was that banks can't be in the real estate business… this is changing you will now see banks looking to…[Read more]

lawsjs,Not a hanging offense just a "Event of Default" And if you actually read all the fine print in a US Deed of Trust and promissory note or Mortgage and or like in Georgia a Deed to Secure Debt…there are many Events of Default… Heres a few I can list just from memory.1. as with the topic at hand  providing adequate insurance.. The reason…[Read more]

I have bought property in a few countries with mortgages and this has always been the case.I bought a home in British Columbia and not only did I need insurance,,,, When I was in the states they needed a company checking on the house every week other wise insurance was cancelled..Its was because of cold weather and broken pipes and flooding of the…[Read more]

Freckle,,the US is so vast and diverse,, One area can be in  the tank and others are thriving.ITS Called foreclosure clusters….70% or more of the problem housing debt is in 6 markets.We do though have a shortage of engineers and higher educated work force.I invite you to travel to the US… land in San Francisico…. Drive through Silicon…[Read more]

Too All..You can try to cast stones at the US and how stupid we are etc etc… Fact is Mark CANCELLED his insurance which is a cause for default on any US loan document.. The lender has the right to Place what is called FORCE PLACED insurance. At 4 times what regular insurance costs. I know as a hard money lender I have force placed insurance on…[Read more]

WI,,,One thing US investor do not take into consideration often is the currency exchange. In my lending days I was lending up in BC Cnd… exhange rate was terribly in favor of the US dollar… So I would 64 cents of BC currency for one us dollar. So when i brought a couple hundred thousand over into BC I had a pretty significant sum. I then lent…[Read more]

Pat007 wrote:
on google maps you get a fantastic view of a massive substation with many high voltage towers only a stones throw away.i for one would be relieved if i couldnt purchase it, many more fish in the ocean no need to settle for that.

High tension wires in the rear of a house is not a deal killer in any manner at the price range of…[Read more]

sounds like a grand adventure and your strapping on the contractors belt.Inventory is market specific… however as we all have been posting,,, inventory is way down,, and the free run of US properties at least right now is not as easy as it was a few years back…those that can only source houses once they get to RE agents will find the buying…[Read more]

pmack wrote:
has anyone had anything to with the st louis or memphis markets?

We buy in Memphis,,, St. Luis I had bad lending experiences its akin to the roughest parts of Detroit if you go for low end stock.

there is one US company in particular that I have seen that works Memphis and they REALLY Puff there Net yields in their…[Read more]

Xdrew

good post…

every market has its good and bad,

What your seeing right now is the US investor stepping back into the game… Off shore investors had a nice run with little to no competition in some of the better markets you mention. And from my perspective if I look just at my company we were chugging a long at 7 to 10 deals a month.. Now…[Read more]

I have been to lake como..And actually stayed on the lake that is just to the West of Lake Como,,, can't recall the name.. There is very few places that rival that scenery here in the US.Yosemite National park…….. Lake Chelan in Washington…The Gorge were we live here in Oregon is very pretty however nothing like Northern Italy… And of…[Read more]

Good news is you will be able to buy replacement units from us and save hundreds of bucks an no sale tax.Jay hirnichshttp://www.harewaresupercenter.com for the price conciencse rehabber