Why can't you sell it to the investor if you are up front and they can still make good money.  If everybody is up front it can be a successful business.  I'm making money, my clients make money, i don't even let them buy any C class till i have lined them up with some A  and B class properties.  It's a cash machine, I wouldn't sell something to…[Read more]

I can offer homes for 25,000 with 600 rents a month, ROI 30 to 35 percent.I could do better in St. Louis, but i put it on the same level as Detroit, Memphis, Cleveland, Baltimore, and we can't forget Flint, MI. 

that's why it pays to fight fire with fire, lets just say i don't ask and my property manager doesn't say. 

And since your making 30 to 50% on your rentals  why even risk buying them back,,,, the legal fee's will be more than 4 or 5 of the houses cost… thats my take.I have to come up with more capital through the year and will sell some to free up liquid.  I'm asset rich but don't always have the liquid i need when i want to buy something and the r…[Read more]

Been slowly adding in a mix of lots that will be nice to build on when new construction is cheaper than buying and rehabbing.  Hopefully all my rentals can fund a couple new construction properties each year on these lots i have been getting.  Trying to get some in really desirable areas.If i can pull it off myself, i won't try to tap the bank i…[Read more]

Kansas City and SW Florida are my areas i deal with most.http://www.forbes.com/pictures/efel45eddf/kansas-city-mo/#gallerycontenthttp://www.bizjournals.com/kansascity/news/2011/06/23/forbes-kansas-city-in-best-for-renters.html

I'll take LA and Miami over New York.  No desire to touch Japan now  with all that radiation fallout.  I'm sorry, but they always dumb down how bad it is.  My fiances brother had to have tumors removed from his leg when they lived in Germany and they suspect it was from Chernobyl

Lol, he is feisty enough to be on the forums.  Freckle is a tough ole bitty!

We have been working with ideas containing wording relating to paying off beginning capital in X amount of years with clauses pertaining to buying back or selling of said asset.  New stuff for me, but interesting and something i will be researching for while.  My low end high risk gets me returns from 35 to 50 percent, even with a tenant tearing u…[Read more]

In the process of trying to work a way for a buddy to live and work in the states from OZ, that's wants to build a cash flowing portfolio.  The trick is having enough passive income from your investments to support yourself while your here. 

Lots of guys trying to guarantee rent but thats getting shut down by the US government for security violations.Was talking to my attorney about it last week, just another new thing to deal with, lol.

I could write a couple books on all the crazy stories with my experiences.  The best come from a slum lord i know from California that is a real slime bag, i used to do some side work to help him out.  He never fixed anything and only kept tenants for 3 months maybe.  He had a handy man that was a real piece of work, Gary.  He was trying to sel…[Read more]

It's not that hard, just had a friend  do it the other day when he came to the states.

I pass on sales to others that i could potentially whole sale if i had a buyers list for them.  It just comes down to good honest people.  I know realtors that are crooks also, they just do it with a state license, lol. 

@ Mihovathe link above got deleted, admin must have not liked all the advertising

Good Insurance coverage and killer lawyer do more than a LLC.  It's doesn't really give you much protection.

One question I had to answer on my visit was.. how long did I think it would take for property values to begin appreciating. Even after looking at close to 50 properties across the market spectrum I still have no idea. All I can say is that in my opinion an investment in the market at this stage is a cash-flow play.I gave up on trying to…[Read more]

I'm surprised you couldn't find more options in St. Louis than just the slum lord multi family.  I haven't heard of to many people tapping that market other than the locals.  

Alex, I don't think you or Jay stuck to the subject of the thread and with me saying stay away from the Memphis COMPANY!!!  I don't always have time to write long reply's like you and Jay.  I was just trying to back up Jeremy.I could re post, but already did it for Jay.Who is to say which market is better then another.I didn't say anything other t…[Read more]

Lol, ahh Jay.

I didn't say anything about my area which i know, like a fat kid loves cake.  I love my market and am making a killing, the C class is payed off in two years on average.

I'm not the only one here that at the end of the day it's cash out and cash in, if the investment makes since why wouldn't you do what u have to make it work.  I h…[Read more]