jayhinrichs replied to the topic Is this possible? in the forum Overseas Deals 12 years, 7 months ago
My thoughts on LLC’s as they relate to the Off shore investor…
my answer is it Depends!!!
If your buying low end cheapy properties. your chances of getting sued by a tenant are remote to the extreme. And its better to just get an umbrella insurance policy they are cheap and they will step in and Pay in the event of some calamity…
NO…[Read more]
jayhinrichs replied to the topic Confused Australian property investor trying to sell a house in the USA in the forum Overseas Deals 12 years, 7 months ago
I think I answered this one a while back. and Kudo’s to any 25 year old that has done that well in the RE bizz.
FHA is a little to no money down program and the repairs if called out by FHA appraisal need to be done by someone.
JLH
jayhinrichs replied to the topic US Invest Good Company Or Bad? in the forum to clarify… investor buys 12 years, 7 months ago
to clarify… investor buys with LLC… does not transfer title however just sells LLC interest. thats a non recorded transaction and will circumvent the flipping deed restrictions. Title remains the same does not transfer.
The incident that Lawys talks about is just flat out felonious activity… Investor buys a share of LLC, LLC is suppose to…[Read more]
jayhinrichs replied to the topic US Invest Good Company Or Bad? in the forum Lawys,
Your points are valid 12 years, 7 months agoLawys,
Your points are valid about rental home concentrations however it’s reality in virtually all markets in the US
Think you missed cheeves point somewhat
Not to put words in his mouth, but when your a liecened RE agent there is a high3r standard, and most US wholesalers are not liecened
And skirt the laws (no pun intended) the Aussie…[Read more]jayhinrichs replied to the topic US Invest Good Company Or Bad? in the forum One of the reason flipper or 12 years, 7 months ago
One of the reason flipper or wholesalers use LLC is to circumvent the deed restrictions that certain gov agencies put on their REO properties.
Lawys scenario is simply a thief setting up a scam….
jayhinrichs replied to the topic Forum. Needs some life. Let’s get something going in the forum Overseas Deals 12 years, 7 months ago
Is that bigger pockets? If so have never done anything with them, although frankly our product is so well received by the IRA investor we have a waiting list
jayhinrichs replied to the topic Forum. Needs some life. Let’s get something going in the forum Overseas Deals 12 years, 7 months ago
Been on the road at investor seminars, letting the US investor in on the fact that the Aussies are kicking their butts picking off all these cash flow properties
jayhinrichs replied to the topic Forum. Needs some life. Let’s get something going in the forum All spelling errors in my 12 years, 7 months ago
All spelling errors in my posts are intentional
jayhinrichs replied to the topic Forum. Needs some life. Let’s get something going in the forum Overseas Deals 12 years, 7 months ago
30 to 40% of all US single family homes have no debt. And with tHe US IRA investor paying cash for rentals plus all the foreign cash purchase,s the fed Fannie Freddie become less of a factor
As well as what I am seeing with my new construction sales in the last year. We are seeing many cash sales and or 20% down very few FHA . Could just be…[Read more]
jayhinrichs replied to the topic Forum. Needs some life. Let’s get something going in the forum Overseas Deals 12 years, 8 months ago
I was at a RE conference last week firm was Keller Williams….. the subject of bubbles came up and they were targeting Canada.
factors included price run up and cost to purchase as it relates to average income… same statics that the US looked like before the crash.
Although having bought and owned a home in BC… qualifying for a home was…[Read more]
jayhinrichs replied to the topic Warren Buffet on the US housing market in the forum Overseas Deals 12 years, 8 months ago
No rental income however you sell for 5 to 10 times what you paid for it
I just bought 7 lots premeir Henry county location. Houses are in today’s market. 300k plus we snagged them for under 5k each. Will sell within 3 years at 30k plus each. Nice alternative investment. And no land lording which is worth a bunch
jayhinrichs replied to the topic us finance in the forum Hoods. Every city has 12 years, 8 months ago
Hoods. Every city has them. Need to be there at night or sat…
jayhinrichs replied to the topic Warren Buffet on the US housing market in the forum Overseas Deals 12 years, 8 months ago
there was an article in the USA today or better known as Useless Today::Anyway front page of 2 investors talking about the rental in Chicago they bought and how its better than bank rates etc.Now with the Gov.. and Buffet look out….. Here is my prediction… better popular markets will start to see bidding wars… Its already happening in…[Read more]
jayhinrichs replied to the topic Confused Australian property investor trying to sell a house in the USA in the forum Labradore
I think I can shed 12 years, 8 months agoLabradoreI think I can shed some light on this.1. when you in the US to someone using FHA financing the following is what happens Since the US government EG the FHA is guranteeing the loan the house must meet minimum standards. If you paid cash for the house as an unsuspecting investor too bad.. And for sure will not approve a loan above v…[Read more]
jayhinrichs replied to the topic us finance in the forum Overseas Deals 12 years, 8 months ago
To turn key or not turn key that is the question…..Shoot its a tough go when your doing it on your own from across the globe… Of course the price of these homes if you lose all your money its no big deal right.I really think the inner city US properties can only be successfuly run by those that live and work it.No way it can work trying to…[Read more]
jayhinrichs replied to the topic Exit Strategies and Thoughts about USA Properties.. in the forum Overseas Deals 12 years, 8 months ago
Owner financing is a huge part of US real estate sales… Most lease to own and or really low down marginal Owner carry deals are really just glorified renters… Although the theory is they pay the property tax's and maintain the home… Very few will actually be able to finance with a bank and pay a person off again thats a marginal buyer..I…[Read more]
jayhinrichs replied to the topic Transfer money back to Australia in the forum Overseas Deals 12 years, 8 months ago
B/C Us banks make the majoirty of their money on simple transaction fees.ATM's etc.I am one of probably less than 100 US citizens that does not have an ATM card .. does not use one.. I still walk into my local comminuty bank have a cup of coffee with my branch manager,, bring flowers and cards to the ladies behind the counter. and then ask for c…[Read more]
jayhinrichs replied to the topic Transfer money back to Australia in the forum Overseas Deals 12 years, 8 months ago
Texas Cash Cow Investments Australia wrote:
You will get no arguments from anybody when it comes to comparing the banking system in the US versus Australia. In some ways they are advanced yet in other ways 20 years behind the times. I kept an article from USA Today when I was over in Dallas on of the trips last year. It stated "the venture…[Read more]jayhinrichs replied to the topic Transfer money back to Australia in the forum Overseas Deals 12 years, 8 months ago
kylermrice wrote:
You have to shop banks, all the big names mentioned are terrible. I use credit unions and small local banks that care about there customers.My little commercial bank here in Oregon is going to set up transfers for our clients at no cost.Of course its helps to be the largest single borrower at the bank
jayhinrichs replied to the topic Hmmm I wonder how MyUSA, HouseBuyersUSA, 21st Century Property, 888 Real Estate get their property? in the forum Overseas Deals 12 years, 8 months ago
zmagen wrote:
Oh, they're not overbuying at all no more lol, giving us a very hard run for our money – there's a new breed of investors in Japan now, just as savvy – only last week I lost two beautiful properties, offers submitted and accepted 5 and 10 minutes after emailed to us by a local Japanese investor, on the first occasion because my…[Read more]- Load More