I just have to wonder what our audience thinks of these conversations.I have just got to think they have no clue as to what we are talking about.Tenants that trash units, Tenants that the US governement pays for their rent and they still trash the units…. Just think how RICH a country the US would be if we did not support all of these people. I…[Read more]

slum lord is the name of the last owner.what I have seen happen is after you get sick and tired of the tenants tearing your properties up you then just get calous and do as little as possible.In San Francisco we called them Projects pretty much 100% african americans and Mexicans. With average home prices in SF at 750k and rents far above 2k……[Read more]

Lawsjs

They bought theirs in the late 50s to about early 80s

Dad lives on lido island

Son is my buddie. He dates actress,s and is quite the man about town. We have bought foreclosure,s together over the years

Right place right time for the Dougher brothers

I sold one of my parks to a gentlemen from sf. He owns 32 parks in n ca and Oregon he paid cash for my park. 1.85. I did very well on that one

He bought at 6 cap. Which is common for investment grade us real estate

Lots of competition for those from syndicators and just flat out rich folks

One of my clients owns 6000 spaces in orange county ca free and clear average space rent 550 a month. That’s cash flow

Thx. I have owned a few class b parks and made really good money

I loaned on a ghetto park and now I own it

Full of Mexicans and native americans. I ended spending well over 100k towing all the junk trailers to the dump

Defiantly not a suitable ivestment for a foreigner

My storage facilities in portland or are full however not an investment…[Read more]

Mortality rate is very high for these props

That’s why apartments are rated in classes. If this apt in KC is so great why is it vacant and blighted one has to ask the question

There was the day those props were transformed to lofts. But that was commercial to resi conversion not one landlord failing and another buying ones dre ams of 18 percent returns

Alex,

singapore is in malyasia however lots of chinese there.

Get a good nights rest….

Lawsjs

Can you forward the mobile home investment scheme.

Class “a” mobile parks are some of the best investments in the US

Low end mobiles conversely can be the worst

Jlh

in the south east we still can get the add on's for refer micro and few other benie's.Sounds like a market rent type product, do not know anyone that would build a workout facility for Section 8 Good luck with it.

Most section 8 that I am aware of pay a more than market rents ergo that’s why landlords wil take that caliber of renter not withstanding the payment directly from hud

my first thought is section 8 and High end condo's do not go together in the same paragraph.At least from my experince not many high end condo buyers are going to buy where there is section 8 housing or potential for that.80 unit apartment building full of section 8 will be over time a building that is a maintenance hog..Most section 8 apartments…[Read more]

I think this is a good discussion to have  " is it better to invest where the market crashed IE AZ NV FL Central CA for example" orWhere the markets have remained fairly steady throughout the last 5 years IE  " Texas"One could argue that the Homes in Texas can only go up if there is apprecaition and one could argue that homes in the markets w…[Read more]

Alex, The play really is to take all these foreign investor that have an appitited for these low end highmaintenance rentals kind of like (kim kardasian)   pool them all up into a 504 D and go ahead and invest in the hood, it where they want to be anyway.However with you as general partner and in charge of performance and day to day maybe thats o…[Read more]

As a matter of fact, as a pilot with many hours of flying around the US ( more than 1000) in my Cirrus Sr 22 I can catogorically state that you will not by flying down to the US but that you will be flying up or North to the US.When we are in the states we call it flying down under. which in our mind means down or south to OZ.A bunch of my buddies…[Read more]

Good info, although I seriously doubt many of the homes that investors are buying will sell North of 300k.Canada withholds 25% of your proceeds no matter the price, I learned that the hard way, I paid cash for a 500k home up in Kelowna BC back in 01.. kept it 2 years sold it, and the closing attorney sent  25% to the Canadian Gov. I had to file a…[Read more]

Todd,It does to you and me because we have experince with both the good the bad and the ugly, Like the Clint Eastwood movie.Also the Off Shore investor especially from OZ can get 7% or better risk free with their money in the bank in their country,With that in mind they are looking to leverage and make money on the spread. So a realistic 8 to…[Read more]

Todd,This is EXACTLY what my company does…. If you go to my web site you will will see how the model is layed out.I use a different scheme though, As partnering with people on the deed can be a very sticky situation down the line. One if they have a problem or if some reason you had a problem… One answer to that is to put together a 504 Reg D…[Read more]

DHCPjust to make a few observations on your line of thinking,Your lawyer and CPA are not going to do anything for you when your house is sitting vacant and has just been trashed and vandalized. Your property manager is going to call you with the bad news and come up with bids to fix it.In these single family transactions involving so little money…[Read more]

I think the base issue with a lot of these homes in the upper mid west is that they are 30 to 60 years old.And the tenant's are rough on them period.Here is how I rehab houses for our program because I own them and have to maintain them.1. new sewer from the st. to the house. ONe of the major issues with tenants is clogged sewer if your sewer line…[Read more]

Morning Dan hope your having a good fall, My 49ers snuck one out there on your lions, Been a long time since we both had teams to cheer for.No I do not pay utilities. My experince has been if houses are too large and your dealing with tenants on a budget ( which most are) the price to heat or cool the house is an issue.Therefore the target sq ft…[Read more]