might just do that I have a tenative trip planned to Miami… YOu just shoot over the through the glades correct to get there?We are buy and hold these days I only open up markets that I can buy 2 to 4 really great properties a month and my managers have to be vested owners in the properties.  No third party vendors for property management for me…[Read more]

Cheeves what do you do are you a real estate agent, or are you a first Gen wholesaler?Google earth is a great tool you can really hone in on areas and see first hand the differences between each neighborhood.anyone can get on google earth and see what I am talking about. and they can see what your talking about… Your talking about close in ft.…[Read more]

Alex,, lets chat this week kind of funny to be using a Aussie forum for communications from west coast to east coast.There is another market in the Carolina's I would like to move into next year with my TWH model.Atlanta is so huge You need to pick an area in my mind or a county or 2 and try to be an expert in those areas, thats what I have done…[Read more]

Alex,the US stock market would not exist without sight unseen investing.Up until recently I was telemarketing at least 5 times a week from some New York brokerage selling the lastes and greatest un registered security.Huge amount of international fruad going around regarding energy and metal investments.I just came back from Upper British columbia…[Read more]

Great post lawsys and CFLike CF says most of the audiance on this site has one thing in mind and that is monthly cash flow and that cash flow better darn well be 15 to 20% a month or its not  a deal.Since financing is so hard for out of country buyers they have to default to what they can pay cash for.Foreclosure business is highly competitive in…[Read more]

Rob,If you have not checked on property tax's then you need to put the brakes on Texas just about the highest tax's int he country and can make or brake an investment.I have one client that owned 30 homes in texas and never made a dime because of expenses. He sold them all and is investing in our fully managed program. And this is an investor that…[Read more]

Hey Alex nicely done,lawsys and I have had some off line communications and he is a seasoned investor.I think the bottom line here is 1.  Novice investors 2. Investors wanting to gravitate to who gives them the best presentation regarding return on investment3. High yeilds in AU banks 5 to 7%4. The reality that over time  ( not the first payment f…[Read more]

Rob,Why would you choose Dallas out of courosity with all the other markets in the country, and especially markets that have much lower property tax's and have much better chance for captial growth.I understand the economy in Texas is good and the properties have been stable compared to other areas.Most of my US clients that have gone there exited…[Read more]

Cheeves.Okay you got me there I went on google maps and if you take Leheigh and the surrounding areas you could get 500k lots. I know I remember it from my trip in the 80's I would not just pull it from thin air.What I saw was about 35 blocks by 100 blocks with 30 to 50 lots per blocks. So 90,000 plus lots is a good number. And if you hone in on…[Read more]

I like the ones that have a 15 inch fan in front of the Oven going full blast trying to blow hot air in to the house.On this thanksgiving weekend I guess thats not so funny as they are not as fortunate as us

agree to disagree.At least I am right about the utilities.I think if one use's google earth you will see what I am talking about and its far more than 16k acres. I own a 1k acre tree farm in Oregon and its just a tiny dot compared to Lehigh.Sorry to hear the broker died on that 100 house package, was  it foul play or what.I do not dislike Ft.…[Read more]

glad to see that the local area planners have made headway in their infrastructure issues.Not to be argumentitive however I know for a fact that there are 500k platted lots of record in Lehigh Acres.My point with the assessment for sewer and water is that in all probability the tax's for a lot with public sewer and water are going to be higher…[Read more]

I own a 4 acre multi family property "bareground" just north of San Francisco in the Town of Rohnert Park.I bought it 20 some years ago as a path of progress property, The first 2 elements happened  it got annexed into the city and the zoning came in Multi family.Then right next door 120 acres got sold for 240 million the largest single land…[Read more]

The company bidding also finds the house checks title, inspects house before bidding. And cordinate's the rehab.The 3rd middle man cordinated the sale to the GB marketing company. I put up the money.Foreclose's in the US of which I am pretty knowledgeable as a hard money lender run in 3 catagories.1. Deed of Trust State which has non judicial…[Read more]

KnoxOff wrote:
So   you have to pay  the illegal immigrants  to  do the work   , and you have to pay the welfare people to not  do the work

YOU GOT IT….However to be fair to our Welfare folks most of them work… They just need assistance because they have 2 to 5 off spring and work minimum wage jobs just no way they can support their fa…[Read more]

here is how a deal I financed went in Fort Myers….  Lehigh AcresI put up the money to buy at Foreclosurewinning bid 35kLocal guy bidding charged 7kguy that introduced me to Local guy that bid made 5kRehab 10k   and mind you I put up all the money. Great Britian middle man    15ksale price to GB investor 80k  I pay closing cost and I made 6k or…[Read more]

Nigel Kibel wrote:
Frankly trying to buy properties yourself is dangerous. I have been involved in the Texas market since 2005. We focus on the pre forclosure market and obtain properties for clients that already have financed locked in. If you wish to do this yourself you need to invest a great deal of time and research into you investing. In…[Read more]

KnoxOff wrote:
Jayits the same herethe only differance is your housos  ,  can  , by law ,carry firearmsyour section 8 tennents smash up a $50K houseour housos  smash up a $450K +  house , then ask to be moved to a new one because the old one's un-inhabitable a 16 year old kid  gets paid to have babbies  and  gets given   housing and gets more d…[Read more]

Most big cities have embarked on some sort of revitilization as you describe.Detroit put Casino hotels downtown.Portland were I live went with extensive Loft conversions and tax free zone's…. NO property tax for 10 years. and there are still areas if you are under the mediam income you can get 10 year tax abatements. Most of those are only…[Read more]

Get rich selling books thats the end of the story