jayhinrichs replied to the topic My recent property acquisition from “Select American Homes” in the forum Overseas Deals 12 years, 9 months ago
wi
agree with your post except the 80 to 90 a foot to rebuild. The quality of the houses we are buying at the low prices. can and will be built today and in the future for 55 to 65 a foot. not 80 to 90.
Right now lots are selling for 2 to 5k… These vinyl village houses with 8 foot ceilings and the cheapest of everything, Cabinets, carpets…[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
from what I have seen is a lot of Aussies are borrowing against the personl residences in OZ. then using that cash to buy US assets.
there is sporadic financing for Aussies mostly private funds .
We are working on a few avenues to bring reliable financing to the OZ borrower, as there is a big opportunity there.
Its somewhat scary thinking that…[Read more]
jayhinrichs replied to the topic BEWARE of Andrew Allan and My USA Property in the forum Overseas Deals 12 years, 9 months ago
Kyler
You won’t be buying any property from my clients because they get their check for the same amount each and every month on the same day of the month you can see my clients testimonials to that fact on my web site
No question there are going to be huge amounts of inventory available to first gen wholesalersmfrom frustrated investors
jayhinrichs replied to the topic My recent property acquisition from “Select American Homes” in the forum dhcp
the point you and most 12 years, 9 months agodhcp
the point you and most investors not familiar with the US. is that home owners and renters that exit these houses, when they need major reno this is just how they live period.
Other wise how can a 5 year old home in Atlanta be trashed in 5 years by the owner. ITS lifestyle has nothing to do with maintenance and initial construction.
You…[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
law sys
this is the concundrem right now nationwide, what is the true value…..
Atlanta particularly, is dominated by foreclosure short sales. No one really knows the true value, where as other markets most of the foreclosures are pretty beat up and require a ton of work thereby creating added value.
Most of what I see in Atlanta is very new…[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
I think the point being made is that for those buying in Atlanta your purchases are too new ( or early in the cycle ) to establish a true gross or net return.
Professional investment property investors in the US that do this for a living will want to see at least 24 months of operating cost’s tax returns rent rolls ext ext to establish numbers…[Read more]
jayhinrichs replied to the topic USA Property Management…The Real Truth Part 4 in the forum Overseas Deals 12 years, 10 months ago
Sewer is one of the biggest problems we encounter in older homes with tree lined streets and yards.And since every home in our program I own, Its the first thing I do. If there is not a PVC riser indicating new to newer sewer line. I put in a new sewer line from the st. to the house as well as repipe the whole house in pex. Sewer line runs 1500…[Read more]
jayhinrichs replied to the topic Break down of Actual numbers we sold to a client ….closing next week..Cash buyer from Australia… in the forum Overseas Deals 12 years, 10 months ago
worldinvestor wrote:
Alex SC wrote:
DHCP wrote:
Good home Alex. Do you have the finished video footage of this property? i'm interested how the rehab turned out for $15K…I'm sure it brought the inside after rehab looks almost brand new?Guys maybe I was not clear in my writing as I said I am not the smartest guy by any means….I am…[Read more]
jayhinrichs replied to the topic Property Management USA in the forum Just FYI,,, When and if I 12 years, 10 months ago
Just FYI,,, When and if I ever have an Aussie invest in our Note program I have made arrangements with my local commercial bank to send ACH ( thats our version of wire payments that are free) to our investors. This is what we do with our US clients, and I did just get an investor from Kuala Lampor, although she already had a US LLC set up so her…[Read more]
jayhinrichs replied to the topic Break down of Actual numbers we sold to a client ….closing next week..Cash buyer from Australia… in the forum Overseas Deals 12 years, 10 months ago
Buying OZ company that is ASIC approved
Like buying shell Corp in us
jayhinrichs replied to the topic USA Property Investment – What do you look for? in the forum My questions is:
Do you have 12 years, 10 months agoMy questions is:Do you have a real estate license to sell real estate in the US?
jayhinrichs replied to the topic Break down of Actual numbers we sold to a client ….closing next week..Cash buyer from Australia… in the forum Overseas Deals 12 years, 10 months ago
Alex good post and good rationalization for 2 different products.You may want to add on going maintenance to acheive a more realistic snap shot of % return…..We know there is maintenance even if others say there is not or grossly under state it.the other factor the audience should know if the person buying this is responsible for the rehab and…[Read more]
jayhinrichs replied to the topic Airconditioner Cages – Atlanta in the forum Overseas Deals 12 years, 10 months ago
Cheeves I can only guess the condenser cannot go on the roof because they would be come lethal flying objects in a Hurricane:)DCHP:Now your getting it…and this time of year you can delay on the condenser they won't need it for a few more months.Being a private pilot and somewhat instrument profiecient I am always reading and studing. And there…[Read more]
jayhinrichs replied to the topic Property Management USA in the forum Overseas Deals 12 years, 10 months ago
I love to go to my bank I am old school.I talk to my banker, the gals at the front desk, they are really an extension of my office they will mail things for me fed ex if I need.I am talking a small commercial bank, I would never bank with the big boys they fee you to death. And in addition I do not have a debit card. I charge everything to ge…[Read more]
jayhinrichs replied to the topic Taking Opinions… in the forum Buy the IRS lien and 12 years, 10 months ago
Buy the IRS lien and foreclose this seller out. And or buy the mortgage make a deal with IRS at same time and foreclose the seller out.best way to handle jerky sellersJLH
jayhinrichs replied to the topic ready to invest on anybody great idea in the forum Overseas Deals 12 years, 10 months ago
Shape wrote:
kenneth wrote:
Because am kind of thinking about how to offer online loan but dont know how.Sounds like you want to lend this money out as a private lender? Firstly you need a License and with your post i doubt you have enough exp for ASIC to give you a License , Secondly it's very risky- plenty of sharks out there… especially…[Read more]
jayhinrichs replied to the topic Australian nationals setting up shop in USA to source properties for their countrymen and women:) in the forum Overseas Deals 12 years, 10 months ago
lawsjsWell if anyone wants to crack down on the bad people in the business it would take complaints from those that have been injured to the following agencies.1. department of Real Estate or division of finance in the particular state.2. the states attorney generals office3. The local real estate board.Many US flippers got their hands slapped for…[Read more]
jayhinrichs replied to the topic Australian nationals setting up shop in USA to source properties for their countrymen and women:) in the forum Overseas Deals 12 years, 10 months ago
So these fee's are probably paid out of the US jurisdiction. I know RE agents May NOT pay referral fee's to unlicensed people.Other wise no one would need a real estate license right,
jayhinrichs replied to the topic ready to invest on anybody great idea in the forum Overseas Deals 12 years, 10 months ago
kenneth wrote:
Hi all, am 26, I want to invest about $11.7 / 13 million on great idea I would be please if anybody with great idea should share. Because am kind of thinking about how to offer online loan but dont know how.IN THE US YOU SHOULD DEVELOP THE FISRT LOJAC SYSTEM FOR AIRCONDIONTER UNITS WITH A MONITORING ROOM LIKE THE ALARM…[Read more]
jayhinrichs replied to the topic Airconditioner Cages – Atlanta in the forum Overseas Deals 12 years, 10 months ago
worldinvestor wrote:
CheevesFinancial wrote:
Exactly! It's psychological warfare. Keep in mind, these thiefs are not smart. They have the education of a 10 year old. All they know how to do is roll up at night, sneak and snatch. They have found ways around cages. However, cages are working in our area for some. I just chose a cheape…[Read more]- Load More