Engelo,,, My view point in Macro  Frekle tends to go micro and get into more base economics.. Whats driving wholesale prices in the US has nothing to do with the US economy by and large.. not when 61% of all homes bought last year were for Cash.. Lots of cash world wide chasing the american RE dream.. Some wiser than others of course

agreed on the costs to set up vanilla LLC's  1k max  wells fargo has been closing accounts as well. We had quite of few of our borrowers get their accounts closed on them in the last 6 months and it is a royal pain.. we have them all set up on electronic transfers to pay their payments to us only to have to go through the exercise all over…

Richard..  banks here on the West coast will do them as well. However they are for Primary residence's and Second homes..  They will not do Investment properties unless your talking about higher end commerical.. I think what most of the investors on this site have are sub 100k rentals.. those are pretty hard to get done… Many banks will not…[Read more]

Kiyosaki' basically just lends his name to he Rich Dad poor dad.. Just like Trump has his Trump acadamy. And Greg Norman has Norman wines Golf Clubs and clothes..My business partner in Napa CA bottled and labeled Arnold Palmer wines  Arnold all Arnold did was lend a name and make 5 bucks a case for it.  These orginizations are run by very slick…[Read more]

Freckle,,, Never been there how about cost of living… Is it Like Norway?

Homevestors is a Franchise… Like buying a "WE BUY UGLY HOUSES " Franchices

Of course I know
the inner workings of Rich dad poor dad I have meet their exec. team that works out of Florida.. they are all about $. The presenters that present the product will pay 20 to 30k for an hour on the podium,, AND they have to buy the lunch  another 15k or so…. So its a 40k cost for the promotor so for sure Rich dad is hammering on…[Read more]

Streamline,

If you got loan docs to sign and Notorzie would usually mean your loan is fully approved and once loan docs are signed and notarized its a matter of days before the loan closes and records and funds… ( settles to you guys)… The application is usually done by the bank once you give them basic info so they can have the word…[Read more]

tim has moved into mentor guru mode   Not sure he is hawking properties like he used to

call them…  Like I said my conversations with the head underswriter and with someone who actually closed with them was that they were looking for operators not individuals… Would be interesting if you got a different take on it

from what I understood they are looking for guys like you that make a living out of running these kind of assets..…[Read more]

Additionaly…

Being a foreigner if you were being sued or threatened just sell your property take your cash go home and you will never hear from them again… It takes months and years to go through the lawsuit process plenty of time to sell off and take your cash home where its safe…Someone gets a judgement against you lodges it in the…[Read more]

I don't know who People  are… However suits between tenants and landlords is not very common.. Unless a landlord is a HUGE SLUMLORD and deserves to be sued.

I have owned rentals for 35 years and hundreds of them.. I have only been sued in small claims one time for the return of a deposit and I won that one.

However to answer your question your…[Read more]

Freckle,

what blackstone is doing is a departure from buying SFR's by the thousands then packaging up the lease payments to sell as securities.

this is a different traunch for them this is true third party lending on their part.. they are lending funds that they raise through funds on wall st.. then create mortage backed securites and then they…[Read more]

engelo,,,

NO blackstone is looking for people like you that live and breath the business own the assets and live in the community.. Also ones that are well funded and have assets credit etc etc.

What Peak and I do is simply private money financing based on equity only and we can't do 2 million dollar deals we just lend to Mom and pops one at a…[Read more]

Troy,,

One is blackstone, I have had in depth conversations with them… They are looking for experinced operators who have mid (25)  large (500) home portfolios. I would be highly surprised if they would loan money to owners that live half a world away from the asset and solely rely on third party PM's ….. For US companies that can raise up to…[Read more]

hllbkk

I am no longer and owner of TWH…I created the TWH model,  My partner's bought me out 6 months ago.  I am currently consulting in what I call a TWH Light program of which we have far more demand from US investors that we could possibly provide.. If your interested in learning more you can send me a PM. 

You can see many previous posts…[Read more]

I think the issue here is the investor may have invested and gotten nothing but a story in return

I am a wine guy  So there,, and I absolutly love Aussie Reds… and some NZ whites.

Is 5% annual appreciation in OZ year after year a reality???  Or does the market move in more of a peak and valley.  10% annual appreciation year after year in the US is overly aggressive in my mind.. our markets depending on area either are flat line  ( most of the mid west for example) or see wild swings like up 25% one year flat the next.  Our…[Read more]

refi madness s about over so mortgage originations will be down substatially but origination for new buys are UP