jayhinrichs replied to the topic Trusted Agents – USA in the forum Overseas Deals 12 years, 9 months ago
Nigel
I have been licensed since 1977 and am a re broker in 3 states…..
There are far more credible re agents that are qualified to give advice buying these in expensive homes not rocket science…
Certainly more than the Johnny come lately OZ marketing companies that out themselves as experts and have never even seen the properties they…[Read more]
jayhinrichs replied to the topic Trusted Agents – USA in the forum Overseas Deals 12 years, 9 months ago
Nigel
Unless a re agent is only promoting their personal listings then the agent is just showing inventory that is available to all.
Therenis value to a fully managed product like mine of course and the good turn key operators
It’s the bad turn key companies and aussie marketers that can really take advantage of an OZ investor not RE agents
jayhinrichs replied to the topic Trusted Agents – USA in the forum Overseas Deals 12 years, 9 months ago
What I would do is figure out what city you want to focus on then,I would engage a Licensed Real Estate apprasier… Just give them your criteria they will narrow down your focus I think an apprasier could give you an over view of their market for 500 bucks or less. we pay 175 for drive by apprasials and 350 for full apprasials.I have been t…[Read more]
jayhinrichs replied to the topic Where do I start? in the forum Overseas Deals 12 years, 9 months ago
Here is another way to look at Capital growth:In reality there is nice capital growth right now for the 1st Gen wholesaler selling to the buy and hold investor.. And certainly the marketing companies in Aussie.Average profits for these companies are 5 to 15k per house with some profiting much higher. Most of the these homes are 30 to 60k… And…[Read more]
jayhinrichs replied to the topic Anyone Used USInvest ? Looking at buying US propety through them in the forum Overseas Deals 12 years, 9 months ago
WICareful with Zillo,,,,, It gives good information but you do not want to base your opinion of value on Zillo… Zillo is famous for being either way over current market price or way under. You can very well pass on good deals because your basing your values from a computer generated system.Terrafirma,You sound like a US Realtor… And yes a…[Read more]
jayhinrichs replied to the topic Reviews of any of the property managment in Atlanta in the forum Overseas Deals 12 years, 9 months ago
dhcpOf course not in all case's…the point I make is that changing managers during the course of the lease can lead to unforseen issues.
jayhinrichs replied to the topic US investors sensing the bottom and starting to Move on properties in the forum Overseas Deals 12 years, 9 months ago
To clarify, this does not mean that inner city war zone properties are going to do any better,However the areas that are nicer and the price points higher these properties are going to become more valuable.Upper mid west rust belt stays the same, there will be rebound in CA AZ FL GA and other sun belt areas and or the better neighborhoods of the…[Read more]
jayhinrichs replied to the topic All American Property….Yet Again With An Industry First? in the forum Overseas Deals 12 years, 9 months ago
John,You can go on line and buy cruise certificates for next to nothing. I bought 20 5 day cruises out of New Oreleans for something like 2500 bucks. The person you give the cruise cert. just pays tax's, but its a nice fancy folder with big picture of the ship, and let me tell you your demographic loves those booze cruises out of Oreleans.I use…[Read more]
jayhinrichs replied to the topic Newbie – Looking to invest in US with $120k to spend in the forum Overseas Deals 12 years, 9 months ago
Not to argue with you Kyler,However I really do not think there is anyone on this forum that has the depth and breathd of experince as I do. I have done well over 2,000 hard money loans in all of these markets KC included.I know what 5k properties are and how maintenance intense they are Sec 8 good tenant or not. If your buying a 5k house and…[Read more]
jayhinrichs replied to the topic Newbie – Looking to invest in US with $120k to spend in the forum Overseas Deals 12 years, 9 months ago
Alex I am born and raised in the Bay Area and Lived in the Napa Valley for many years… So we have a little heads up on the vino world
jayhinrichs replied to the topic Newbie – Looking to invest in US with $120k to spend in the forum Overseas Deals 12 years, 9 months ago
In honor of our Aussie buddies,bottle of Penfolds Shiraz would be in order
jayhinrichs replied to the topic Reviews of any of the property managment in Atlanta in the forum Overseas Deals 12 years, 9 months ago
USA investor,Here is the biggest issue you are missing, You are just not familar with our tenant pool, I am not defending or being critical of what a PM charges,If you change property managers the tenants will stop paying, as they get confused, they have trust issues, many of these tenants have lost homes that were forclosed right out from…[Read more]
jayhinrichs replied to the topic Newbie – Looking to invest in US with $120k to spend in the forum Overseas Deals 12 years, 9 months ago
Biggest question here is:How does a 23 year old amass 120k in cash a that young of age…. 99% of 23 year olds in the US have NO money and or are up to their eye balls in student loans. Save the few Interenet gurus who start the next Google, And those folks are all concentrated in California.In addition if most US kids at that age had that k…[Read more]
jayhinrichs replied to the topic My recent property acquisition from “Select American Homes” in the forum Overseas Deals 12 years, 9 months ago
Kathey is very nice she forwards public info largely like many of us
jayhinrichs replied to the topic My recent property acquisition from “Select American Homes” in the forum Overseas Deals 12 years, 9 months ago
Alex good points,back in 03 04 05 , the Californians were the Aussies,,,, Huge equity run up, easy home equity loans, can buy a rental in the mid west for the price of a mercedes or less…..And thee were new home developers that sold entire subdivisions to out of state owners. Think Pheniox and Vegas, Central CA and parts of Florida….I had my…[Read more]
jayhinrichs replied to the topic Personal Loan to Aid Finance in USA in the forum Overseas Deals 12 years, 9 months ago
far to complicated and James bond ish for a simple US property investment
jayhinrichs replied to the topic Personal Loan to Aid Finance in USA in the forum Overseas Deals 12 years, 9 months ago
far to complicated and James bond ish for a simple US property investment
jayhinrichs replied to the topic My recent property acquisition from “Select American Homes” in the forum Overseas Deals 12 years, 9 months ago
Hey you guys stay out of my county
jayhinrichs replied to the topic USA – Where to buy? in the forum Overseas Deals 12 years, 9 months ago
Be cautious with towns closer to the mexican boarder a lot of tenants fled.
Vacancy factors are something to be look at.
I own a Security alarm company in those markets and its a booming business
jayhinrichs replied to the topic My recent property acquisition from “Select American Homes” in the forum Overseas Deals 12 years, 9 months ago
USA Investor
Finer comments were never made on this forum!!!!!
We are working on a true loan product, However it has to be a private fund… No lender or government backed program available for non owner occ investment properties for non citizens. And we will not own the home it will be a true loan product.
Even tough for us US citizens to get…[Read more]
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