I have the same philosophy in US, been buying up Atlanta cash cows, though very much harder to buy at the right price than when I started buying in 2011.

Thanks Jaxon

Here is my deal I sold in July 2016 (4 townhouses, Thomastown, North Melb)
The irony is if I just old the DA to a builder at the time I would have made more money, that’s life.

Just thought I would post my project/numbers, 4 (2 bedders) Townhouses, in Thomastown, North Melb, around 17 km from CBD. This project will be completed in…[Read more]

Purchased a block of land in Croydon, Melbourne, ($520,000) put together a DA, ($20,000) plans and permits for 3 townhouses, and flipped it to a builder for $752,000

30% profit, not even getting my hands dirty. With the frenzy In Melb preferred to move my profits into another deal

Would be interested to see done deals, realised profits, market…[Read more]

Purchased a block of land in Croydon, Melbourne, ($520,000) put together a DA, ($20,000) plans and permits for 3 townhouses, and flipped it to a builder for $752,000

30% profit, not even getting my hands dirty. With the frenzy In Melb preferred to move my profits into another deal

I would like to see done deals, realised profits, estimates are…[Read more]

Purchased a block of land in Croydon, Melbourne, ($520,000) put together a DA, ($20,000) plans and permits for 3 townhouses, and flipped it to a builder for $752,000

30% profit, not even getting my hands dirty. With the frenzy In Melb preferred to move my profits into another deal

MTR:)

This one was in Atlanta, blue chip commercial precinct.

Thanks Rooky.

We recently purchased an historical sandstone building in Boston, but the strategy with this one is condo conversion (31), still with architect. The ground floor and basement will be commercial.

This will be a hold as cash flow will be strong and Boston market is very hot we…[Read more]

Hi Corey

Just signing up on another 5 years.
Tenant spending $100,000 to upgrade equipment
Its a sweet deal as a recent certified valuation came in at $1.3M. Multi National company had low reserve on this, offloading

There is also another option to flip, take profits off the table. However, very hard to find something with this cashflow.

MTR

We are buying in Atlanta and we are getting the deals but not using the same strategy as in 2011.
I will be posting some of these deals, before and after in due course.
We commence our development (5 townhouses) in January, but will be posting the final drawings on this forum and on the other…[Read more]

Texas and DT
Not sure what your issue is, nonetheless I have asked mods to delete as personal attacks are against the rules

You might want to check out this link, we are buying in Atlanta and we are getting the deals but not using the same strategy as in 2011.
I will be posting some of these deals, before and after in due course.
We commence our…[Read more]

Texas and DT
Not sure what your issue is, nonetheless I have asked mods to delete as personal attacks are against the rules

You might want to check out this link, we are buying in Atlanta and we are getting the deals but not using the same strategy as in 2011.
I will be posting some of these deals, before and after in due course.
We commence our…[Read more]

Texas and DT
Not sure what your issue is, nonetheless I have asked mods to delete as personal attacks are against the rules

You might want to check out this link, we are buying in Atlanta and we are getting the deals but not using the same strategy as in 2011.
I will be posting some of these in due…[Read more]

D.T.
Keep spruiking Dud Elizabeth in Adelaide, some of the newbies may get sucked in

Keep spruiking Dud Elizabeth in Adelaide, some of the newbies may get sucked in

Just an update.
We have just secured 3 houses in Atlanta to flip, these will be for short term gains with the view of growing and continuing to flip properties. Rinse and repeat.

We also secured a multi unit (quad) to hold. Houses are not making sense anymore in terms of rental yield, multi units provide the cash flow.

Doing a mixture of both…[Read more]

Hi John
The building prices can vary significantly especially when we see boom times because builders have choices with regards on what projects they will take on and also their contractors start to jack up the prices.
I have been costing at around $1300 per sqm, I contacted many real estate agents in the area and obtained a list of builders and…[Read more]

I would be interested to know if anyone has made money in a falling market, I only know investors who have lost money and could not sell so they have to hold.

I think its a huge risk developing to manufacture growth in falling market.

I am seeing this in Perth at the moment, developers building apartments but there is an oversupply and values…[Read more]

Yet they seem to be popular with some investors, I would say the lower entry level. I don’t believe they have experienced the growth that Atlanta, Florida, LV have had.

I agree with you, I also expect greater maintenance expenses due to the harsh climate.

Thanks for link
Not my cup of tea, though I have heard that some US savvy investors are making money in this market, but they live in the area and understand the beast, not for me, I will stick to States with sunny climate and that have continued to boom.

Marisa
MTR:)

Hi Daniel
where is your property? if you don’t mind sharing

Thanks

Marisa
MTR:)