If a city has lost 25% of its population in the last 10 years and over 50% since its peak I would say thats a pretty good reason to stay away. Many of the so called great deals are in areas that no one has lived in so 30 years. There are many other areas in the US that are far better.

Hi Highincome
I could not agree more I say a month because so many go for a week not even sure what market they are looking at.
The $20,000 Plus amount is for a number of things, sometimes there is a great deal of equity so we pay some of that to the previous owner. In other cases there can be back taxes, the mortgage needs to be brought up to…[Read more]

Get up are left wing rat bags

The problem I have with the forum is that people here do not trust someone who makes money out of property or property services. So let me ask a question. When was the last time you spoke to an accountant or a solicitor and did not expect to pay for there advice. To be frank I am very worried about the number of people offering services to second…[Read more]

We will be running a free one day course at Cash Flow Capital on Saturday 2nd April. If you are interested in attending just let me know.
http://www.cashflowcapital.com.au

I cannot comment on what other people are doing. My experience is that the thing that is critical when it comes to investing in the United States is who you are dealing with on the ground. I think that the USA is flavour of the month and that many marketing companies can see a quick. So you have to ask who are the dealing with, in many cases real…[Read more]

The market is a mine field. The problem is that without the right contacts it is very easy to loose money. I accept that people should do there own due diligence in fact I teach people to do it. However if you deal with me and save time and money then its worth at least talking to me. I post here to be involved I do not need clients from this…[Read more]

I am always happy to meet people and have a chat.

You talk about not wanting to pay for a service. However do you pay for an accountant?, Solicitor ect. I have worked in the USA. I have a business partner there and have spent tens of thousands of dollars to gain the information. If you want to do it yourself I suggest you get on a plane and go over and learn it for yourself. The service I provide…[Read more]

We do and that is the secret of what we do

What we do is take over existing properties and transfer the existing finance to the property. It is a little more complex however it works well and avoids the need to obtain finance

Jenman wrote this rubbish in 2003 relating to when I first started with an education business in 2000. If you read the article everything is implied nothing is stated. I had nothing to do with selling property to the people mentioned as I was hired to run Property Investment courses. If anyone has had a bad experience dealing with me please feel…[Read more]

In my view what is important with mentoring is that a mentor not only teaches you but also helps you do the deal. At cash flow capital I run our mentoring program. My personal view is that it is one thing to teach however people need to be taught how to do the research but still need someone to help them.

Now this is a personal opinion however…[Read more]

Yes how are they achieving the loans. It is also important to look at the market. Many markets in Florida have fallen by as much as 48% since 2006. Personally I do not see these as safe markets. However I am not about taking big risks with either my clients or my own money. My view is research get it right and buy safe investments that perform.

In Texas there have always been a large number of foreclosures. The rules there are brutal. If you are three months behind in your mortgage your are foreclosured. Now can you get better deals buying these properties on the court house steps maybe. The problem is if you buy this way you have to pay cash and buy sight unseen.. You say a heavy…[Read more]

That's right we find properties before they are forclosed. We take them over and part of the deal is that they have to leave the note or mortgage in the property. So in most cases you are taking over a property worth between $120,000 and $140,000 that will cost you between $20,000 and $30,000 with an existing mortgage of say $80,000. In all…[Read more]

The simple reality is unless you have the right contacts on the ground you are wasting your time. The people you deal with will make all the difference to how successful you will be. I take a long term view with what I do with clients. I have a problem that there seems to be a new company opening every week when it comes to marketing the United…[Read more]

I agree with Richard. It is currently very difficult to get finance in the US. However what we do is eliminate the need to organize finance in the United States. What we do is take over existing properties before they are forclosed on. We take over the property and the deal is that the previous owner agrees to leave the existing mortgage in the…[Read more]

We buy our properties pre forclosure and so the mortgages are still in the properties. So what you are looking at is $20,000 to $30,000 down to control a property worth $120,000 to $130,000. We do not need to deal in section 8 tenants because we on sell to future buyers. Section 8 people can be people who cannot get housing any other way. It has…[Read more]

Vegas has fallen in value by around 47% since 2006. It has an unemployment rate of around 16% and a high vacancy rate, According to forbes magazine it is the least likely city to recover from the GFC in terms of its property market.

To me it is a one industry city and one to stay away from.