Zmagen,I hear ya but just not reality in the US landlording market especially the low end rentals that so many foriengers are buying. the tenants are very difficult… Again if you buy A quality 5 to 8 cap properties your theisis is sound. You buy low end rentals in the US and there is no way your going to be able to relate to these life long…[Read more]
Zmagen.Your speaking from a Aussie perspective regarding vacancy and proficient property management.. We wish it was as you described. But alas it just is not…. Not with our tenant pool and fractionalized property management for SFR's, yes you buy Class A Multi family that trades at 5 to 6 caps and price of entry is 3 to 50 million and yes you…[Read more]
kylermrice wrote:
I think we are starting to see people thinking about their longterm investment goals and strategies in the US market and understand that this is just the first step… but BOY OH BOY, what a step. I wasn't here for the late 80's unfortunately but for us for now,( I was but just a teenager ) this is OUR time. ( sure is today is…[Read more]
kylermrice wrote:
lol, man. you will have to post a youtube video of you getting the tat and then jumping into a pool of cash, that would be a great in four face video for your website. I know some good artist in Portland, hook you up with some real nice tat work!
Not to get off the real estate topic but my son in law is a tattoo artist of s…[Read more]
And if you have a need to buy some crap hole 10k property in the Hood, I would advise you to not do that deal save your money and have a first class experince at Vegas.. because you will most likly loss all your money buying super low end. and that Mate is the best advice I can give you,,,,Go live it up in vegas….No investing in the cheap…[Read more]
Texas Cash Cow Investments Australia wrote:
We have finance available for foreign national buyers. Rate of 5.75% with a 30% down payment and 1% origination fee. Funds are provided by a commercial bank in Texas. Repayments are amortized over a 15 or 20 year term depending on the loan size and/or property. A maximum of 5 properties or $500,000-00…[Read more]
Well you can do all the Texas towns…fly direct sydny to dallas I beleive.. I think they fly the 380 on that route and that would be a treat in of it self.Kc and Memphis are fairly close.. but cleveland is a poke up north.form Memphis you could head to tampa 2 day drive, however you could go through jackson MS were we have a nice p…[Read more]
kingsr wrote:
Just wondering if anyone knows of any buying groups or investment groups that are travelling to the USA from Australia anytime soon?Areas that I'd like to cover are:Atlanta, Houston, San Antonio, Cleveland, Kansas City, Dallas, Tampa, Memphis.If anyone knows of a group or anyone would like to travel together on an investement…[Read more]
I have that on my forehead… circa 1993… then it got removed around 2001…. then I thought put it back on circa 2006… only to have it removed in 2008….now might not make 2011 but 2012 I am already picking my colors and where it should go.
In your sandbox Kyler they will always be there until you give up.What I am talking about is the nicer inventory,,,, the 2oo to 300k house that is being picked up for 90 to 120k150 house in atlanta thats being picked up for 50 to 70 that kind of thingthe super low end 5 to 10k deals will be there until they either fall or burn down… There is n…[Read more]
Lawsys,I think there have been some really good points of view brought up on this site since I first found it a year ago. and I see the OZ investor now considering Net returns that are a little more realistic than best case scenario… It took us a year however we just closed our first set of transactions 7 Notes ( properties) to a group of…[Read more]
Speedy good find… Do not share other wise the poor bank will be over run with investor applications Also bodes well for their beleif in their community… Pert near impossible partner to find this kind of loan anywhere else in the country unless its a bank that you have a long standing relationship with…In GA for instance they are all out of…[Read more]
USAI could not agree with you more and that is why I have taken the contrarion position so many times on this site… When you add in all the true cost of management maintenance vacancy excetraThe PIE in the SKY BLUE sky numbers that so many of these property selling companies advertise are just not reality.AS we know we are not going to change…[Read more]
Me personally for my transactions.I would never even send money to closing attornies unless I had personally met them and seen their operation, checked them out with the local bar association. And new they were underwriting for one of the major insurance companies. I ALWAYS PREFER a national TITLE co. for my transactions when ever possible.. Your…[Read more]
Just one of a hundred plus clients I had in my hard money days…Hard money lending is basically like this.Your borrower wants to steal your money how are you going to protect yourself. Just look at the company you sent me Ageis and there submission form..Big D was good at what he did… If he kept his hands off the money ( we never let him near…[Read more]
worldinvestor wrote:
I would say another major lure to Texas is the fact that foreign investors can source finance at an attractive rate.What I think is incredibly scarey about this one is that the investor receives a "bank valuation" and assumes this must be spot on, how could you possibly take this seriously in this…[Read more]
us investor,I guess we all will agree to disagree about PM… It is the most thankless business I can think of in the residential relm.Unless your really large like 2 to 10k units and mainly multi family and you run it like a well oiled corporation. And those companies that do that only buy A and B buildings your never going to get a top flight…[Read more]
worldinvestor wrote: "So what I like about Atlanta is you take that same 125k Dallas home and we are all in at 50 to 70k… It sold new for 150… we are buying for far less than replacement cost. And I do beleive when all the properties get absorbed here over the next 5 years. and new construciton starts back up… New construction in these…[Read more]
emma171 wrote:
OMG OMG OMG.. THAT IS SO SO SO FLIPPING FUNNY …. JUST READ WHAT I WROTE UNDER THE "NEWBIE"… THIS IS THE GUY THAT GOT ME LOOKING AT ATLANTA… I posted my reply to him that I sent to all my clients back then! THAT IS HYSTERICAL!!!!!! Seriously – Demetrius Mathis… LMAO….
Lucky you did not get hooked up with him but you…[Read more]
texas cash cow just reread.I think what this guy did was the ole Subject too… Then create a trust or LLC name it the Smith family LLC or Trust… The smiths are the owners of the house… This at first fools the bank…. Then they did a little deeper at the secretary of state and see that XYZ company or owner actually owns the trust or LLC not…[Read more]