it started in the poorer neighborhoods however has spread to middle income areas as well..

I had my first one stolen in Oregon 6 months ago… You rarely hear of it here. What happens in the southeast and mid west is they hit them for just the little bit of copper… Some steal and resell the whole unit.

From my experince.

One that positions themselves like Kyler is doing in the C grade KC market or any other big mid western town be it Memphis, St. Luis, Indy, Columbus, Detroit,,, chicago  etc etc.  And remember there was another poster on this site I have not seen post in a while.. he got excited when he drove down a block that had less than 30% of the houses boarded !!!!

There are millions of these homes to be bought rehabbed and resold throughout the US… never ending inventory and cycle..Will you get to pick them up like has been happening for 5k a door to 10K a door… Now competition will come in and that wholesale price could easily double… Remember the US investor is waking up.

This business is perpetual.. If I was guessing I would say Kyler your young 30's…. In those markets you can keep doing what your doing and make cash flow the rest of your life.. Simple reason is there are always those like the Lady you mentioned that try to buy 1 or 2 houses and think that a PM is going to handle all their issues. NO PM can handle eveyones issues even the best have houses get hit when they are vacant or tenant moves in crappy boyfriend and house gets thrashed…These investors give up walk away and thats were the inventory come from in these markets its not the Homeowner who lost the house. Were WI is investing in Atlanta those were predomiantly homeowners… Although there is a far amount of rental stock in the new construction there are builders in Texas and GA and MS that have sold entire subdivisions of new construction to out of area investors and the houses are basically 100% rentals.  The trick in these markets is stearing clear of this type of area. These investor maybe paid 120 to 140k for their new construction 7 years ago and now its worth half or less and they get tired of the rental game and walk as well.  but back to KC and C grade and lower rentals.

So this stock cycles over and over and over,,, I know one investor in Indy that has 800 doors he is 85 been doing it 50 years. Thats you Kyler at 85 you will have 800 to 1000 doors you keep at it and in the same sand box….

There is nothing wrong with providing this type of housing its just real intense and dealing with this tenant base is a lot of work lots of fibbing and story telling about the dog that eat the rent.. Or " what do you mean my husband has not paid you"" .. And when you have a single mom with 4 kids and a few baby dadys coming and going your house is not going to get much love on the maintenance side.

JLH

http://www.hardwaresupercenter.com

15% yields +. Have left the building. Kind of like Elvis:). Your going to have to go hunting in the hood

US investor has decided to get in the game. oZ investors free run on our assets is ending, going to be a lot more competitive as market corrects

US investor has finally awoke… Talk to anyone one who is wholesaling properties or in the turnkey business and they will confirm competition is fierce and properties are being bid up.

As in all cycles you never know where the bottom was until your clearly up from said bottom… which is the case in I would say 90% of the better markets that have any hope for capital growth… Markets that are dead and dying will always have cash flow opportunites..

markets that have bottomed in my humble opinon.  And I do not know enough about florida to comment Maybe Cheeves can give us his impression of Ft. Myers area.

1. PHX

2. LAS  Vegas

3. Better parts of Atlanta

4. Better parts of Memphis

5. Carolinas.

6. Most of CA.

7 Pacific Northwest with exception of southern and coastal Oregon and WA. Major cities Portland and Seattle have bottomed.

Upper mid west rust belt in my mind is a constant supply, like detroit rochester and any of the big city in the real low end value homes.

Important for Aussie investor to realize is the US investor will pay double or more than what your paying for the same cash flow homes…. Now this is going to be good since you already own a bunch ( right) your exit will be profitable because you bought in 09 and 2010 and did not try to time the bottom,,,, Never the proper thing to do is timing a bottom or a top for that matter. I learned that the hard way on timing the top… If the Aussie is still going to stick to the I have to have 20% net returns.. then they will soon be shut out of these markets because those returns will not exist and actually with everything said and one I think most of the investments over time even at the low dollar purchase point will not hit the 20%… 10 to 15% possibly if everything went right which of course it always does    So I got a subdivison I have to go make an offer on.

31 lots bank owned heart of Portland… value at the top probably 100k plus per lot, I am offering 40k each all cash.. We will build
250k new construction and should move through them 2 to 4  a month….. Life is so  so much better this last year than the previous 3 for us builder developer types:) just glad I made it through and can play today.

Also I just made an offer on 18 lots in Atlanta get this 1k per lot… shovel ready…. Long term hold… building is starting to come back there as well when I get about 200 lots I will open a small construciton division there and build these out.

this is were the Aussies should be looking to invest here in the future find yourself some bigger players and jump in….The high end single family that sells for nothing is going to get harder and harder to source.

JLH

JLH

Shorts can work hard to do if you want any volume

englo just like cheating at solitaire if you do not count all costs over time but hey that seems to be the Aussie style on this forum… make up numbers you want to hear and hope for the best )))))

650 to 800 I could see 1000 plus for 25k homes I would have to see to believe

Ouch,,, all sorts of felonias activity as described above,,, to manage property in AZ you must be a licensed RE broker.

this buy is a crook period. end of discussion and inept it sounds like.