jayhinrichs replied to the topic Worth a read in the forum Overseas Deals 12 years, 7 months ago
Aussies you must read this…..most of you have no clue as to how the market was 7 to 20 years ago this will give you some light and what you can expect.NOw from a word from the wise and I am not going to say the almighty up high… however if you get an offer to sell your property and ti has a tidy profit …………………….Sell baby…[Read more]
jayhinrichs replied to the topic Investing in Japan in the forum Overseas Deals 12 years, 7 months ago
zgmen can help you I have looked at his deal and they seem like solid cash flow deals.One thing you will not have to risk is he UGLY us tenant that tears the crap out of your house.Japanese are much more civilized in these regards.at least thats what perception to a west caost US investor would be… I think its an option for you an dyou should…[Read more]
jayhinrichs replied to the topic Atlanta in the forum Overseas Deals 12 years, 7 months ago
worldinvestor wrote:
Hi AllI like to look at what some companies are selling property for in Atlanta. Fairburn is an area that I would target, this property seems to tick most of the boxes for me.Look at the purchase pricehttp://www.trulia.com/homes/Georgia/Fairburn/sold/21832138-464-Berkshire-Pl-Fairburn-GA-30213Look at the sale price, nice…[Read more]jayhinrichs replied to the topic Where to spend 100,000 USD? in the forum Overseas Deals 12 years, 7 months ago
worldinvestor wrote:
zmagen wrote:
Alex SC wrote:
I would just continue purchasing foreclosures in Atlanta, there are other markets that do interest me, however I feel I need to stick to one area to reduce the risk/challenges. Great advice ….Don't quite follow – I get the logistics bit, but how exactly does putting all your eggs in…[Read more]
jayhinrichs replied to the topic Building lots is it time to buy?… as rentals returns plunge with the White hot competition for houses we used to buy at will. in the forum worldinvestor wrote:
“The 12 years, 7 months ago
worldinvestor wrote:
"The bidding wars seen in such places as Seattle aren’t found everywhere. In metropolitan areas including Atlanta and California’s Riverside and San Bernardino counties, housing remains weak as high unemployment and falling prices deter first-time and move-up homebuyers"Can not agree with this, in particular Atlanta, cur…[Read more]jayhinrichs replied to the topic Cages Again in the forum Overseas Deals 12 years, 7 months ago
WI
When I was doing loans in Detroit ……..the rehabbers there had security guards on each job and all personal coming on the job had to be signed in. It was their position that a majority of thefts were inside jobs
jayhinrichs replied to the topic Building lots is it time to buy?… as rentals returns plunge with the White hot competition for houses we used to buy at will. in the forum Pat,
No you can demo a 12 years, 7 months agoPat,
No you can demo a house, If it has asbesto’s in it like most old houses have your going to spend thousands on asbesto’s abatement.
theives will steal most of anything of value before you can part a house out thats just a fact.
You can certainly leave a lot vacant , my point is it has no value…
No one is going to pay any money for…[Read more]
jayhinrichs replied to the topic Building lots is it time to buy?… as rentals returns plunge with the White hot competition for houses we used to buy at will. in the forum Overseas Deals 12 years, 7 months ago
Pat,
the land under very low priced houses in the US has negative value.. Its worth nothing and you can be charged with demolishing the house and hauling it to the dump. So take that thought right out of your head.
what Alex and I are talking about are shovel ready lots in areas were if one was to build a home you could sell it for north of…[Read more]
jayhinrichs replied to the topic Building lots is it time to buy?… as rentals returns plunge with the White hot competition for houses we used to buy at will. in the forum Overseas Deals 12 years, 7 months ago
WI.
B’s. Some plus some minus,
jayhinrichs replied to the topic Building lots is it time to buy?… as rentals returns plunge with the White hot competition for houses we used to buy at will. in the forum Overseas Deals 12 years, 7 months ago
jbelmore wrote:
Jay Do you have to have a view on rent growth and inflation?The US is such a big market you have to look at regions then metroplex's and each will be different when it comes to rent growth… SF Bay Area Portland Oregon are the best rental markets in the country. Under your scenario are rents stabile or growing with inflation or…[Read more]jayhinrichs replied to the topic Building lots is it time to buy?… as rentals returns plunge with the White hot competition for houses we used to buy at will. in the forum Overseas Deals 12 years, 7 months ago
Our US clients look for
#1. Safety. IE no risk of cash flow interruptions
#2. Realistic yields. Very happy at 7 to 10%
#3. Equity kicker is gravy on top
All of our clients are taking funds that are making less than 1% in the bank and investing for greater yields however they do not want to take o. The management risks they just…[Read more]
jayhinrichs replied to the topic Building lots is it time to buy?… as rentals returns plunge with the White hot competition for houses we used to buy at will. in the forum Overseas Deals 12 years, 7 months ago
The reason I am buying land is that I am picking up shovel ready lots ( that means they are buildable now no improvements needed) for 1k to 5k per lot… This package I am looking at is 300 lots for 400k… cost to build just the utilities is 4 to 5 million.The big public builders Lennar,,, DR Horton, Pulte and others have been buying these lo…[Read more]
jayhinrichs replied to the topic Property Managemet Company will not provide me with a copy of my owner statement. How can I attain it? in the forum Overseas Deals 12 years, 7 months ago
MickScratch that last comment I thought you were commenting on the 1000 dollar HOA issue.The tradesmen issue is best handled by making complaints to the contractors board. Department of real estate and the District attorney… Definalty do not hire a lawyer… Can't collect from dead beats your best bet is to get him thrown in Jail or fined or…[Read more]
jayhinrichs replied to the topic Property Managemet Company will not provide me with a copy of my owner statement. How can I attain it? in the forum Overseas Deals 12 years, 7 months ago
Mick,1000 dollars is something no one in the states would go LEGAL on…We have small claims court, and that is a great venue but the investor has to be there persoanlly and NO attornies are allowed to be there…
jayhinrichs replied to the topic Phoenix investors….Your advice please in the forum Overseas Deals 12 years, 7 months ago
Time is a tickin for the net yeilds that have been enjoyed in these certain markets… Foriegn investor had a free run there for a few years now we are going to get back to a more normal market..IE US investors jumping in now that they feel the world is not going to end.
jayhinrichs replied to the topic USA Property – Hold or Sell in the forum And class A , class B and 12 years, 7 months ago
And class A , class B and Class C denotes airspace in the aviation world here in the states as well……Mainly around the larger metro airports….And there is a few more letter designations also.
jayhinrichs replied to the topic USA Property – Hold or Sell in the forum WI
A B C grade is used in 12 years, 7 months agoWI
A B C grade is used in the commercial real estate world here in the US.
Office buildiings are either class A Class B or Class C
So sometimes we will reference SFR’s the same way.
Class A would be a house and neighborhood you would personally live in,, dollar value is not the determining factor its, quality of neighborhood schools and…[Read more]
jayhinrichs replied to the topic USA Property – Hold or Sell in the forum Lawsjs
We have no hood in 12 years, 7 months agoLawsjs
We have no hood in Portland. It’s a fact. Not to confuse our market with San Fran peninsula which is priced well above the highest priced Sydney homes
jayhinrichs replied to the topic USA Property – Hold or Sell in the forum Overseas Deals 12 years, 7 months ago
this is exactly what I do we made a business out of it… I will talk to the odd tenant, but thats rare,,, I do view each house I buy at the time we buy and after rehab.But when your rehabber and your PM are your PARTNERS life is just sooooo much better than trying to heard cats which is what it seems like when your trusting people that are not…[Read more]
jayhinrichs replied to the topic USA Property – Hold or Sell in the forum Overseas Deals 12 years, 7 months ago
I’ve always been a kind of go for the Gusto guy…
So we have closed on 76 homes since May and have another 20 some in escrow…. If I am going to do this I want 1,000 plus doors.
going to start looking at some multi to help with those numbers.
Jay
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