quickchick wrote:
A few thoughts after reading the post…If you want to buy US property, get Steve McKnight's US Property Power Pack. Lots of education, much cheaper than learning the hard way..Decide before you set up a US structure (eg LLC) where you want to buy. Then set up your structure in the same state.And avoid costs of registering to…[Read more]

investlongterm wrote:
I respect your opinion, and have respect for your experience, and I understand why you feel the way that you do. You did however answer my question. You do not currently own anything, and are not currently involved with the Detroit, MI USA market. I understand why you left. Many people did for that very reason. That's also…[Read more]

Dennis and NathanFinally someone who will tell it like it is in regards to what the  Aussies call running costs. Every turn key operator in the country basically low balls these expense's…Just saw the http://www.bidforassets.com e mail for the Wayne county tax sale 13,000 properties being sold, I take it these are absolute sales not tax lien.To…[Read more]

KCOwner occupied deals are happening all day long at 3% down FHA that is the majority of the sales just like High Income stated. I think your talking about non owner occ. or conventional deals and conventional deals on the west coast are those above the FHA limits, which are depending on the area 380k up. in the mid west I am not sure what FHA…[Read more]

You can make the case and stats about 20 + other metro cities in the US.this article in my opinion is meaninglessI think the general wisdom is the US market is a long term hold,so it really boils down to quality of neighborhoods and property management

Just go to E bay and buy a used course on tax lien investing in the US for 50 dollars and have it mailed to you.that will give you all the same info. this stuff has been talked about written about over and over and over through out economic cycles. these companies selling this info for these large investments are in the Info business period. Trump…[Read more]

property_scout wrote:
Hi Jay, Agree with some of your points. The benefit of buying turnkey compared to "pre rehab & pre tenant" property is that running costs are real and active before you purchase. The numbers you cant really forecast are vacancy and maintenance and this always needs to be factored in. The guys at…[Read more]

nicely done I agree with you 100% on your rehab process.

lawsjs wrote:
He he he. The other way of looking at it Rick, is that there are many ways to skin a cat and there have been some phenomanally successful US RE investors. The key to learning is to actually have an open mind. I have learnt so much from buying in the US and many things I have carried home. I loathe the fact they exist under archaic…[Read more]

Nathan thanks for the reply:Actually I have a ton of experince in Detroit and that is why we left.  I did well over 200 hard money loans to local wholesalers and their California clients. Its the Califorina client who has been down this road before, thats why US wholesalers are targeting the foriegn market  Where do you think all these p…[Read more]

investlongterm wrote:
I know there's a lot of people who beat up on Detroit investing, and for good reason. There's so much crap in Detroit that you can buy for $1,000 it's ridiculous, and unfortunately so many morons in Detroit have taken advantage of people everywhere and that has left a bad taste in their mouth, and frankly, I don't blame…[Read more]

HighIncomeProperty wrote:
I am not surprised at all at what Property_scout is reporting. We have supplied properties to many Australian- and international "buyers agents" and many of them (although not all) are looking to mark up the price to make huge profits, on top of any commission they were due. As you can see on some…[Read more]

taxlienlady wrote:
Hi James,As a tax lien investing specialist and trainer I think you are being slightly mislead. Some people make it sound like you can invest anywhere in the US online without coming here. That is simply not true. Only a few states have online tax sales and the 2 states you mentioned Georgia and Indiana do not have online tax…[Read more]

Alex,he usually has an add on this site in the right hand margin although I am sure someone will give you the info

agree with the above post's.Your far to undercapitalized to be entering the business of owning rental real estate in the US.we have finally gotten some realistic and honest US post's in the last month on the site, from US companies.Investing in 30k properties in the US is very very risky and pretty much a guarantee that you will over time end up…[Read more]

James_Johnson wrote:
16 to 35% minimum returns guaranteed by the government plus the possibility of getting unencumbered property for no more than the cost of the rates and foreclosing fees is what the seminar presenter promises. Your thoughts?

Like all things real estate related and that are going to cost you money to join the seminar or…[Read more]

GreaterKCHomes wrote:

jayhinrichs wrote:

GreaterKCHomes wrote:
Jay,I might of mistyped that information, I am not looking for only 20% rentals, I don't want to be on a street with more than 20% boardups or just simply abandoned properties that are not be taken care of. You are correct KC has over 40% rental base, but it's not hard to find…[Read more]

ALExSC wrote:
Those sound like great options for security. For me I worked in lower income areas.I just see them better for local hands on guys. The out of state investor ,buying a nicer home in a better neighborhood lowers the risk factors.  I call them the what If"s factors.Now don't get me wrong. I still buy and sell homes in those areas.…[Read more]

Portpirate wrote:
Interesting exchanges happening. For what it's worth, I actually agree with both of the posts above. The US is different from Oz and as we Aussies are the "aliens", I guess we have to respect the differences. We want what they have, which is investment opportunities, something sadly lacking in Australia at present. So it makes…[Read more]

Jefff1 wrote:
Hi Rick,Thanks, it was your previous comments that pointed me towards them.They said they were pleased to hear existing clients were recommending them.I've also been looking into US property invest and US property purchase but haven't decided which one yet, although I am swaying towards housebuyersUSA as I like the fact one brother…[Read more]