jayhinrichs replied to the topic Rennovations on cheap properties in the forum Overseas Deals 12 years, 9 months ago
pat007go to http://www.bid4assets.com you will see all sorts of low priced real estate.Also the last thing you want is a huge house in the NE the heating bills in the winter kill the renters…I learned this the hard way with one I bought in Chicago…We prefer to buy where it does not snow and freeze… those conditions are tough on properties and lead…[Read more]
jayhinrichs replied to the topic Trusted Agents – USA in the forum Overseas Deals 12 years, 9 months ago
So with the above mentality thats how I created my investment model everyone is along for the ride and we stay connected to the investor and protect them till the end.Some of my dearest friends are folks I sold their ranch land for…. they would list it with a city slicker C 21 agent who really did not know land sales.. but had great marketing ya…[Read more]
jayhinrichs replied to the topic Trusted Agents – USA in the forum Overseas Deals 12 years, 9 months ago
Hey guys,,My point is these SFR's are really really basic type investments,,, And most agents that specialize in this asset catagory know the market well,, know the product work hard for their 6% which is usually cut in half by sharing with other brokers.Its not necessary to deal with an agent of course and there are plenty of good turn key guys…[Read more]
jayhinrichs replied to the topic -=== Please help with buying USA land by UK person. ===- in the forum I am sure there are many 12 years, 9 months ago
I am sure there are many huge land holdings in OZ like this.These types of holdings are tradiionaly cattle operations. And the value is usually realted to cow calf carry capacity per acre.Also note that the acreage is checkerboarded with BLM… (bureau of Land management) another words US government owned.this is how the west was divided years…[Read more]
jayhinrichs replied to the topic Buyers of property in Atlanta..Which property management did you use and how would you rate it? in the forum Overseas Deals 12 years, 9 months ago
Huge Area Atlanta… takes hour or more to drive from one side to the other..so one size does not fit all…
jayhinrichs replied to the topic Rennovations on cheap properties in the forum Overseas Deals 12 years, 9 months ago
There is certainly a place in the US for slumlording and those that live and work it do very well… Its a niche for sure.Same with those that buy low end Apartment blocks and crappy retail space in high crime areas. there is always some one that will make it a go.Just not an appropriate investment in my mind for the Out of area out of country…[Read more]
jayhinrichs replied to the topic Rennovations on cheap properties in the forum Overseas Deals 12 years, 9 months ago
You got it just need to buy 100's of them… 1 or 2 and your going to get thrown out with the garbage:)
jayhinrichs replied to the topic Buying foreclose property in the US/Florida state from Australia as an Investment in the forum Overseas Deals 12 years, 9 months ago
could not have said better myself.last 2 years have been some of the best for hardmoney lending….. competition got killed in 08 and 07, and underwriting standards went from back of a napkin to full blown "A" paper submissions.Now the pendulim will swing as money un thaws but will take some time so those making loans right now really have total…[Read more]
jayhinrichs replied to the topic Buying foreclose property in the US/Florida state from Australia as an Investment in the forum Overseas Deals 12 years, 9 months ago
well, good thing to point out none the less so people are aware of what to look for..I guess I just default to my underwriting days… You know being a hardmoney lender we are always very leary of every transaction.Just look at the submission documents for Ageis for private funding there it is a fairly exhaustive amount of detail.. but I am sure…[Read more]
jayhinrichs replied to the topic Buying foreclose property in the US/Florida state from Australia as an Investment in the forum Overseas Deals 12 years, 9 months ago
trying to peice this together.For the realtor to go ON TITLE the Title co. has to pre pare a deed from the Seller to these new owners. And there has to be a purchase contract or Escrow instruction giving the Title co. instructions on how to prepare the documents.the the Purchaser has to sign Escrow instructions and intial a copy of how the deed…[Read more]
jayhinrichs replied to the topic Buying foreclose property in the US/Florida state from Australia as an Investment in the forum Overseas Deals 12 years, 9 months ago
Cheeves,Had not heard the one about Agents putting themselves on title.. I am assuming you mean they go on title as a tenant in common as to a disclosed % interest…Seems to me agents could have a huge issue here and probably loose their license's if this is not a well thought out and agreed upon plan..agreed nothing worse than mucking up your…[Read more]
jayhinrichs replied to the topic case study for Zillow and others as has been discussed here on the forum Speedy Gonzales. in the forum Overseas Deals 12 years, 9 months ago
Its not a debt ratio its debt replacement based on a ratio.Say you bought a property with 50% down and 50% debt… When you roll up or in the case of 1033 reverse exchange down or backward the same debt ratios need to be adhered to.I only bring up Zillow as it seemed some were weighing thier buying decisions pretty heavily on automated systems.JLH
jayhinrichs replied to the topic Rennovations on cheap properties in the forum Overseas Deals 12 years, 9 months ago
Pat007First off were is it? If its an inner city Hood Ghetto property its not worth even a dollar.If its in a 3rd or 4th tier little town that has little to no crime it could be worth exploring.for instance I have some rentals in Kokomo indiana,, which is 45 mintues n of Indy… You can buy them for sub 10k usually put 15 to 20 into them… they…[Read more]
jayhinrichs replied to the topic Interesting talk with Au accoutant today on what qualifies for Super funds in US in the forum Overseas Deals 12 years, 9 months ago
Paullie,Correct cannot get financing….Sub prime mortgages took a Huge toll on the US consumer.. As well as a loan product called Pick a Payment.This pick a payment went like this.Borrower had choice of payments intially for the first 5 years then the loan reset. Also mortgage brokers made huge commissions on these loans in the form of YSP …[Read more]
jayhinrichs replied to the topic Interesting talk with Au accoutant today on what qualifies for Super funds in US in the forum Overseas Deals 12 years, 9 months ago
Speedy WI,Agreed on the US value web sites…Values right now are just really really hard to nail down… Take a market like Atlanta were 90% or better of transactions are foreclosure short sales or combo of both… In the early 2000's when I was very active in the Portland OR foreclosure market,,,, court house step buying,,, we bought p…[Read more]
jayhinrichs replied to the topic Interesting talk with Au accoutant today on what qualifies for Super funds in US in the forum Overseas Deals 12 years, 9 months ago
world investorwell done. ..its really insane in my mind the deals that are being had.all we offering going forward is constant cash flow with no down side. ..To some that is worth something Others thing well I cna make 347.00 more a year in cash flow if I do it myself get on teh phone calls at 13 a t night fly over ther twice a year etc etc.We…[Read more]
jayhinrichs replied to the topic Interesting talk with Au accoutant today on what qualifies for Super funds in US in the forum Overseas Deals 12 years, 9 months ago
Astute comments.I never look at Zillow, I might have been on that sight once in my life…. Zillow is all over the map, It can show properties far too low in value then properteis that are far too high in value given local sales. The only way to value propert is through a BPO and get 2 of those.. And or a for fee appraiser which is what we do ,…[Read more]
jayhinrichs replied to the topic Interesting talk with Au accoutant today on what qualifies for Super funds in US in the forum Overseas Deals 12 years, 9 months ago
Your attorney is free to do due diligence on me though if you send me his e mail I will send him my credendials package.1. FBI crimial background check2. copies of my California brokers license in good standing since 19773. Oregon Brokers license good standing since 20024. Mississippi Brokers licnes good standing 20085. Oregon Mortgage originators…[Read more]
jayhinrichs replied to the topic Interesting talk with Au accoutant today on what qualifies for Super funds in US in the forum Overseas Deals 12 years, 9 months ago
Paullie wrote:
Ive taken this a step further now.On the success stories page, there is a proprty 2261 Paden, which is 2261 Paden St Jackson, MS 39204.Your site quotes:Monthly Cash Flow: $247.50Investor Equity Day 1: $16,000Note Price: $33,000ARV: $65,000Loan to Value: 51%Interest Rate: 9%On http://www.zillo…[Read more]jayhinrichs replied to the topic Interesting talk with Au accoutant today on what qualifies for Super funds in US in the forum Overseas Deals 12 years, 9 months ago
Paullie wrote:
JayI took a look at the website and watched the video, this is basically what I got out of it.9%pa returns on your initial investment.50% equity split after 4-5 years.If I put $200,000 into a term deposit at a local bank, Id get roughly 5.7% interest, maybe a bit more. Over 5 years Id have $265,773.02. Zero risk investment.If I…[Read more]- Load More