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Viewing 16 posts - 1 through 16 (of 16 total)
  • Profile photo of kingsrkingsr
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    @kingsr
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    February 18, 2012 - 3:12 am

    Hey Mic84t,

    Tried sending u a pm but it looks like you're not accepting them. Anyway just wanted to have a chat because im looking to invest in KC soon and just wanted to know your experience. Do you have FB or Skype?

    Profile photo of kingsrkingsr
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    @kingsr
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    February 17, 2012 - 3:33 pm

    Planning on flying from city to city. No way I’m spending days driving when I could be using my time looking at houses and meeting people.

    Not sure if I’ll do Texas at this stage (taxes could rule that out). KC is my top pick ATM. Atl I think is thrashed but I still wanna have a sticky beak. Didn’t know about the summer break in Miami :) thanks for the heads up!

    Get ready Kyle, you’ll be coming to the Miami parties with me lol

    Profile photo of kingsrkingsr
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    February 16, 2012 - 8:47 am
    jayhinrichs wrote:
    And if you have a need to buy some crap hole 10k property in the Hood, I would advise you to  not do that deal save your money and have a first class experince at Vegas.. because you will most likly loss all your money buying super low end. and that Mate is the best advice I can give you,,,,Go live it up in vegas….No investing in the cheap hoods. they will jsut frustraite you

    No doubt Jay, the properties Im looking at are the 50-70k range…looking to buy 3 on this trip and increase my portfolio (if all goes well) to 10 in the next 12 months.

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    February 16, 2012 - 8:29 am
    jayhinrichs wrote:
    Well you can do all the Texas towns…fly direct sydny to dallas I beleive.. I think they fly the 380 on that route and that would be a treat in of it self.

    Kc and Memphis are fairly close.. but cleveland is a poke up north.

    form Memphis  you could head to tampa 2 day drive, however you could go through jackson MS were we have a nice protfolio.
    then head down to Destin and follow the coast.

    JLH

    Awesome, thanks! Was actually going to take Cleveland off and maybe Houston.

    I'm finishing up in Vegas for personal reasons

    Profile photo of kingsrkingsr
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    February 16, 2012 - 8:10 am
    kylermrice wrote:
    I know hard money lenders in Kansas City and would do the loan through your business.  I am currently working on a 6 house deal from a hard money lender that doesn't know real estate, lol.  He is offering me 6 points and five years on 60,000 with 20 down.  Getting a good deal cause he has proven he doesn't have what it takes manage his cash flow portfolio.  The rents on two of the houses will cover my loan for the duration.   I'll ask him tomorrow and will  post for you what i find out.  If u haven't seen your house in person i hope u didn't get something from the dime a dozen turd turnkeys here.  worries me that they are rehabbing in the winter, i don't do any heavy rehab during the winters here.  just to costly and time consuming compared to the favorable construction weather in the spring. 

    Can you expain how this is possible?

    6 houses, 60k each, with 20k down on each.
    So loan amount is $240,000, with a 6% interest rate equates to a monthly payment of $4,639.87.

    Projected rental return on 6 properties is $4200 approx, after all expenses, taxes etc…Doesn't even cover the loan repayment.

    Please explain how 2 properties 'cover the loan'?

    I'm no expert, and am happy to be corrected. Cheers.

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    February 16, 2012 - 7:54 am

    Jay, help me shortlist!

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    February 16, 2012 - 7:14 am

    Crazy that u bought without going there

    Good luck with it though…keep us posted how it all pans out. If you dont mind can u pm me your team?

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    February 16, 2012 - 2:01 am

    Mike,

    You purchased the property from Sydney without seeing it LIVE?

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    February 15, 2012 - 6:56 am

    Thanks Knox Off 

    Profile photo of kingsrkingsr
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    February 15, 2012 - 2:48 am

    I'm not sure why I cant recieve emails. I just tried to edit my profile with no success.

    Anyway, my email is [email protected]

    Cheers

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    February 15, 2012 - 1:59 am

    Hi Peter,

    That's very nice of you to offer. I will keep that in mind for when I hit Dallas. Can you pm me the details of the places to stay in Dallas and what the discounts actually are?

    Would be good to meet with you and your team and see what you have on offer.

    Cheers.

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    February 14, 2012 - 11:42 am

    Hi Engelo,

    What areas are you thinking of visiting? Are you in Sydney?

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    February 14, 2012 - 2:42 am

    Stacymac,

    How can I join this 'buying group' that you mentioned?

    I'm in Sydney and am looking to travel to USA in the next month. Please PM me details.

    Thank You

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    February 14, 2012 - 1:48 am
    Alex SC wrote:
    kingsr wrote:
    Can anyone refer me to wholesalers of properties in Atlanta and KC?

    With out saying names ,read the post on this Forum great people in both Markets. I was in Atlanta but pulling out.I can PM you some names their if you would like.Great market just choosing not to buy their.

    Talk soon

    Alex

    Thanks for your reply. Can you pm me why you are pulling out? And also pm me areas you would recommend? I'm a virgin here and just trying to educate myself before heading over there in a few months. Cheers :)

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    February 14, 2012 - 1:40 am

    What's the advantage of setting up an LLC? Can I not purchase mutiple houses as an individual?

    Profile photo of kingsrkingsr
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    February 13, 2012 - 6:46 am

    Can anyone refer me to wholesalers of properties in Atlanta and KC?

Viewing 16 posts - 1 through 16 (of 16 total)