My business partner in
Hawaii has a brother in law that is a major builder in Tokyo his company is publicly traded on the front page of the stock exchange… He has killed it the last few years. Now he is looking at US assets to diversify. Target 5to 7 caps on the West coast in premier locations….. LA  SF  PDX SEA.. Vancouver BC

whow… impressed most 20 year olds in the US  buying a home is not even on their radar. they are worried about pay for student loans… Do you AUSSIES have to pay for College and or do you get it financed…  I bought my first home at 19 in Milpitas CA… But I was raised in a Real Estate family and the house was 60k back in the day.. So 6k down…[Read more]

Engelo,

wishful thinking on changing our banking system…. Those that have good credit by and large do their business like you folks  with auto pays and ach etc.. I know all of my loans are electronic and I have been doing this or 20 years.

Its the huge swath of the population that has crummy credit, and they cannot get bank accounts PERIOD end…[Read more]

Everything we hear stateside calls for modest gains with plenty of bottom feeding continuing

I Beleive TRR (top rental returns)  had the same model as Reids new company.. Or they claimed they did… And they procured some nice product from what their videos showed.  Have not heard from them in a while not sure if they are still working Atlanta.. From my standpoint when they started they were clearly acting as real estate agents with no…[Read more]

Unlucky,

I would be happy to give you hand here.. If you get me the specifics in a private e mail.. I can have my National Title company pull all the records on the subject propety and I can have other contacts I have there do a drive by etc.

In addition I can tell you who you need to talk to in the Town or county the project is in and what…[Read more]

Unlucky

If you want to send me a private e mail on the details I can have my title insurance company pull data on the property and give you an idea of where you stand.. As well as have one of my contacts do a drive by. etc etc

Jay Hinrichs

It goes like this.

BAnks or servicing companies bundleup bad debt… Sell it to Hedge funds.. Hedge fund slice it up and sell it to smaller investors.  These investors sell to wholesalers.. Wholesalers sell to Local wholesale investors.. these guys then sell to turnkey   turnkey then sells to end user.

OR……

BAnk does the foreclosure and…[Read more]

Mark Brittian 
you can say I reffered you.. His assistant is Ramona

YOu will need a notary for the security documents  IE the mortgage itself. All states in the US are the same when it comes to the acutal security document that is recorded at the county recorders.. Be it a Mortgage or a Deed of Trust… there may be a few other afidavits they want a notary stamp on.

And yes Notaries in the US can be anyone you…[Read more]

Rosa,

Commutes vary to area of the US.. a 30 minute communte in Las Angeles would be a very small one.. Same with Seattle, Atlanta New York, Chicago, San Francisco Bay Area etc.  smaller cities that could be different but in the major metro areas 30 minute plus is the norm and up to 2 hours one way is not uncommon at all.

Section 8 rent goes to…[Read more]

Rosa,

Many AU investors are shocked and amazed that so many US tenants deal in cash and Cheques.. The reason is very simple.. these people have written to many cheques that bounced or were just frauds to start with.. ONce they have track record of this their Social Security number and name is entered into a national data base that all banks…[Read more]

Jayman,

I think the idea of out of area buyers buying sub 30k houses in any large metro market in the US is EXTREMELY risky and fraught with potential disaster… It may work now because your in the honeymoon period  ( fresh rehab fresh tenant)  where it goes wonky is down the track.. those same clients I will be  very dissappointed in the…[Read more]

Engelo,,, I appologize if I put words in your mouth,, my intent was to impress upon folks that these properties can be bought and managed successfully however as you state they are not really appropriate investments for out of area investors whether they are investors from AU or California..The risk of not collecting rent is real and the norm……[Read more]

Rosa,,,

what your describing is very typical of low end rentals in the US  has  little to do with PM unfortunatly it has everything to do with the quality of the tenant.. When you buy homes that are 30 to 60k in any market in the US you are getting bottom of the barrel tenants.. good tenants do not want to live in these neighborhoods and they do…[Read more]

yes I know Atlanta well we bought 45 homes there in the TWH model and sold them this summer.  you can send me an e mail and I will be happy to share what I know off line

TAx certificate sales on their face do not wipe out the existing liens.. The fact is only a small % of tax certificate buyers end up owning the real estate. they either get paid off when tax's are brought current or no one redeems and they loose their money. It is the action of QUIETING title through the court system that does a couple things. It…[Read more]

there are two types of tax sales… You have tax certificate sale  and Tax sales.. a Tax Sale is just like a property auction properties are sold fee simple at the tax sale and you take ownership. Some states have rights of redemption for the previous owner other states the sale is final on that day.

Then you have Tax Certiicates.. These are sold…[Read more]

Is this like the tulip craze in 1700

Huh?