Contact Karina at Select American Homes.

http://www.selectamericanhomes.com

It slipped their mind…………  

I would like to buy a house from this guy:

http://www.youtube.com/watch?v=HAeprWIOQqQ

Hey Jay,

don't know about astute, although I am not a low maintenance person when it comes to questions. I have had many successes and a few learning experiences over the years. Fortunately the tuition from the latter hasn't been wasted…….leads me to ask better questions as I accumulate birthdays. Appreciate your comments and info.

As for the beer………..well ahead of you mate.   I am sucking on a coldie now as it Australia Day here.   

Thanks Jay.

Had a look at the video and it's a little clearer now.

Basically we become the bank.

What control is there over your organisation going belly up?

What recourse do we (as the lender) have?
 
Am I correct in assuming that as we own the note that we take title of the property should things go pear shaped……and also the risk of litigation from tenants.?

I appreciate you act as the hedge by defering your capital cut until a 50 % capital gain is achieved, however as the yields achieved should be higher than 9 % to your organisation and you havee obvious economies of scale due to the number purchased, rehabed, and your property management process, there is also profit for you in the yield. Not saying this wrong by the way. Of course you should be covering your expenses/overheads and still have a little profit, whilst you wait for your gain. My concern as a traditional investment property owner is the lack of control. Perhaps that is what some of your time poor investors seek.

On that basis 9 % isn't that high for the currency risk as similar returns are achievable here with product that don't offer any control to the individual investor either, however they are liquid; and I mean SOLD with the click of a mouse………………. perhaps not with the potential capital growth upside of the slaughtered US product, although that is no guarantee in 3-5 years anyway.

Still, an interesting concept nevertheless. If you are able to assist with my questions above, that would be great as in the spiritt of learning and sharing, you may also be helping others (possibly potential investors/customers) with your answers.

This type of process is a little foreign to me (and I would presume other Aussie investing folk). I appreciate your sharing and understanding these questions are all part of diligence.

Hi Jay,

do you have a website or other link to this investment you allude to above?

Also is that circa 9 % return a net figure of all fees and expenses?

What is the liquidity of this managed investment? Is capital locked up for a certain period till the exit strategy is exercised?

Would be keen to hear a little more about the flexibility and liquidity of this product/vehicle.

Thanks

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What he said. Don't rush. Leave yoursself enough buffer and breathing room if your finances struggle for any reason.

Also a (potential) six and a half per cent gross yield in a town not even in Launceston itself is hardly a great investment IMHO.

Hi House,

you raise a valid question. In the spirit of sharing and learning are you able to post some examples please? Maybe by starting a new thread that perhaps others can add to.

I would be keen to hear of the types problems that may present after the purchase and not whether the buyers agents or facilitators are ripping Aussies off. Clearly there are some that do and also some that provide a terrific honest service.

Keen to hear some examples and what remedies/solutions were taken to address the problems.

So how's it going Patrick? How about the courtesy of thanking all the posters who have contributed above with their opinion.

Some eight days hence……………….not a peep……………………

Hey there Angel,

only just came across this thread now. I have enjoyed your property related contributions here since you only recently  joined us in March and now  you have put your pain and loss here for us to reflect upon and learn from.
 
Certainly we can (most of us) get caught up in the " more game " with bigger and better, when the perspecctive you have now introduced is the most enduring and relevant.

So sorry to read about your loss. In Greek we say "zoe seh sas" which translates to " long life to you all."  I know many faiths and customs have similar long life salutations. May Tim rest in peace and your memory of him be eternal.

Take care and look after the living, especially yourself.