Rosa,

I ended up going there HouseBuyersUSA. The fees were lower and the service was first rate (myusaproperty also were very good on the service side)
We didnt end up using any US sourced finance which made the whole thing alot faster and easier.

On my experiences. I have come across 3 buyer agents and all three have different approaches and…[Read more]

Hi Guys,The basics are: Tennant in place prior to closing : YesRehabbed – prior to rehabb the advert for the property listed it as being very good condition needing only minor cosmetics.The total price is $49,000 : Zilow Estimate: $65,000 and prior sale in 2007 was $95,000.Rent of $10,000 p/a less the normal expenses of property management…[Read more]

hi all,My update. I have decided to step back from the investing at present. This is no reflection on MyUsa or Tony. I have had a change of circs at work needing me to purchase a car.I have to commend Tony and MyUsa and the way they handled my news. They were professional and courtious at all times.My 3 deposits on properties were promptly…[Read more]

would good sized block at under $5000 be worthy investing…me thinks cant really lose much  *L*

Hi Jeff,As far as KC goes. I agree that it is not a city that will provide booming growth….never has. It is a more stable marketwith smaller fluctuations in value.It the moment it does show some good net returns in the 14-18% mark. Personally I am looking for returns at present. I believe in the long term the growth will come across the country…[Read more]

Hey luke,Yep agreed,To be honest i could buy 2 houses for 100k in that area. The land is under $10k.There is a lot around at present which will limit growth. I am only considering throwing a small amount into an option like this and more into a couple of rentals .100k on vacant land is total sillyness….. even sillier if financing it

sorry never heard of them and even google has sketchy details ….I cant even find a direct website only a "linked in" business reference.

Jeff,From what i read and seeing your website you are working in NY state ?How is that part treating you. I read alot of people are turned of that area and in particular Buffolo .Is this your area of specialty or do you have a wider market ?

Hi Xarp,I like your method of  calculating returns.I did the numbers on 1 property in LC i am looking at . It came back with a result of 5.3. That isnt too bad i think/

Hi Karlred,I would have a look at http://www.housingpredictor.com this has forecasts on CG for each state. If you plan to hang on long term grow must eventually return.I were offered Florida properties and they didnt stack up for what i want which is high cash flow.At present grow is not a priority for me. in time that should look after itself.The state…[Read more]

Jeff,Why do you say that ?What evidence do you have to support your statement ?I have looked into KC and their are good and shocking parts (like all cities). The middle of the run areas still provide solid returns.It is a stable city and UE rates ect are all at are below national averages. I am happy to read anything you have on KC that may change…[Read more]

One couple we are looking at mid teens net return. Gross returns around 20-22 %.
Not the best parts of town . But similar returns in better parts of the city close to downtown.

putting Kansas in the Detroit basket is a little harsh.I have done some research into kansas city.it is a pretty stable place. you arent going to get your booming capital growthbut it a place that offers good returns and cash flow.From a personel point that is what I want.

hi sceptic,Glad to hear you got onto tony. He is very good and his service is excellent. Loans USA will look after you on the finance side i am sure.I hope your investing goes well and your experience is a good one

Hi aLl,

I have no gripe with MyUSA property or Loans USA. It is soley the bank they put our loan through are being very difficult .
We are at the point where we have had enough. The other areas suggested dont stack up to what we want to do.
We have put $500 deposit on 3 properties and the inital MyUSA registration fee. That is all i am going to…[Read more]

if we dont go ahead there will be no flesh taken i will promise you that

i am at the end of my patients…. last chance.After 5 mths and rubbish requirements from financier I am almost done with it.No fault of my usa property or loans usa but had enough.3 properties in KS were spot on for what we wanted and 70%LVR (looks like being50% at best now) and after 5 mths no concrete answer on the finance.MYUSA have looked at…[Read more]

yes your are correct….lets say my patients are wearing thin after 5 mths of messing about.Now the financier wants the finance broker to do full street analysis how many rentals, owner occ, vacant foreclosedbefore they will reevaluate things again.Now thinking i will buy one or 2 with my own cash. settle in weeks not months/years

i would say so. Extra cost to have tank pumped on regular basis. Maintanance and upkeep on system and bore (if not on town water).Hate to think to tennant reaction to the tank overflowing ……….I would hope those facts would be disclosed prior to purchase

Tennants will always be a nessessary evil in this game.The properties i am soon to settle on all have tennent in place and local (long standing) property managers in place as well.As with all investment / rentals having a good reliable property manager can make or break your stratagiesand income.I would get some background on local property…[Read more]