Did you buy B or C class multi… 10% gross will come out to 2 or 3% net… or worse depending on how much you need to feed this beast.. would be nice to get some imperical data from someone without any puffing and or sales pitch… what part of the US and or big city.. YOur experinces could be very benefical to the readers on this forum if you…[Read more]

Z              Highly doubt any US tenants will commit the ritual of Hari Kari over a US rental LOL…Matter of fact I would suggest that 95% of US tenats have never heard of this or even know the slightest about Japanese customs and rituals. I had one tenant in the south east ask if we spoke English in Oregon true story…. I digress.  US market…[Read more]

there are many neighborhoods in chicago that are just as bad as detroit,, but it will never be a wasteland like Detroit

SAH   please contact me would like to catch up with you

It will be interesting one hedge fund or REIT that I know of is retrenching some… their stock opened at 22 and is now trading at 16… So yes Freckle is right the large companies are raising money through Wall St. who are selling to Mom and Pop…   The Huge difference and this is why its hard to crystal ball this… Is that so many of these…[Read more]

New hot water heaters and Hvac now thats major reno … Detroit just has so much fraud its hard to tell the good from the bad.  I for one lost 100k on 2 ;houses, Not through metro property group but just through plane ole vandilism and what is truly one of the toughest and worst rental markets in the world in my humble opinon.  And Hey I am an…[Read more]

congrats.   51 plex means ????  is it a 51 unit apartment… or 51 duplexes or fourplexes… What area of the US did you make this purchase.  I certainly hope it is a successful venture for you and your partners.

Freckle,   I think there could be another correction but no way worse than the last one.  Houses dropped 80% in some markets and too many houses have been paid for in cash… Even if the market dropped 100% those that payed cash would just hold they would not give the houses away, at least thats my experince.  I think the bigger issue is those…[Read more]

USA investor,   Capital growth in certain markets is very real right now….I am sure there are many happy Atlanta investors that bought a few years back as well as Vegas Pheniox Souther Ca … Even here in Oregon our values across the board rose 12 to 15% year on year…  Now as long as those investors had good properties and they at least broke…[Read more]

Benson,  if your talking Detroit and Wayne county,  then I think your talking about buying low and selling for even lower whilst getting your properties vandalised etc…. Not that one could not make a go of it in Detroit.. the locals can and do but you cannot do it from your arm chair in AU.  In my humble opinion.  I tried to post  a hyperlink…[Read more]

Come devils night there will be about 10,000 less vacant buildings…. For those who do not know.. Devils night is the night after Halloween ( and maybe you do not know what Halloween is)  any way… the Natives in Detroit set fire to thousands of vacant homes on Devils night… I did a lot of bizz in Detroit back in the day… And there are great…[Read more]

my policy covers loss of rent in this situation were my property got wiped out by the tenant.. however I have not ever looked for just vacancy insurance or lease break insurance.

I predict this insurance company will not have that product for long and or will have all sorts of exclusions.  This is strickly rent does not include vandilism by tenant correct?   I just had my worse tenant vadilism.. over 50k in damage.. the house had to be fumigated and sanitized before the insurance adjuster would come in.. the walls had to…[Read more]

Alex sure loves to fly to meetings  Have to give him a ring and catch up.             My point was,,,,,, there just does not seem to be the interest from individual investors that would come to the forum and ask a myriad of questions related to buying a property in the US>

2 year rental experince and history is one of the main underwriting guidelines these days… Cash out refi's are tough no matter the cirumstances.. Lenders got killed with these loans in the GFC.. tons of fraud

Thats Cheeves neck of the woods… send him a private mail.. I suspect he will have a referral for you                leheigh is a huge area so I suspect there will be plenty of management companys to choose from

Joel,  The foreclsoure business is ultra competitive in most premier markets in the US… There are many funds out there backing US companies from large hedge funds to small boutique funds that have maybe 5 to 100 million.  If your working in areas that US buyers in the know avoid then you can compete with small dollars IE 50k to 1mil…. These…[Read more]

Bravo Group  property management Stockbridge GA..  Joe Watkins owner tell him i reffered you… I think he has the key words rent atlanta as well.  He was my partner in the TWH houses we bought there in Atlanta.. We just sold the portfolio to a hedge fund   ( if you can call 37 homes a portfolio)  <moderator: delete…[Read more]

cheeves,, even a condotel denotes a condominium Map being recorded with subsiquent individual units that can be sold with deed and title insurance. Maybe because of the emergency type of housing the state has adopted new laws to allow this.   When I lived in the Napa Valley I lived at Silverado CC and we had Condotel untis but they were a full…[Read more]

I have asked many times for information from these companies about structure of the deals,, and no one will answer.  One cannot just buy and get a deed to a hotel room in the US these have to be some sort of partnership LLC  500 series offerings were they are pooling the funds  so its a rather different investment than investing in a home where…[Read more]