Forum Replies Created
Splash property group should list the addresses of previous sales so you can check sold price and compare.
Check out the link below on another company selling in Detroit.
Rick
Hi Jamie
Just spent hours going through previous posts.
Thanks Rick
Hi Rob
You have purchased through Jason at cashflowgold.Why not go through that company again?
I looked at cashflowgold and found the rehab amount to be very high.
Rick
I thought Karina was a resident Australian buying and rehabbing in the states.
To buy one of those properties you need to purchase the LLC that purchased the property.
Please correct me if I have misunderstood the process.
If that,s correct isn,t that close to a flipped property.
Karina does source great properties it,s just the rehab is fairly pricey.
Jeremy and Emma, Well done guys for not giving up.
Special trip for Emma from Atlanta for a meager amount of time on air.
I hope investors appreciate the time given and open their eyes to what can and does really happen if you don,t do due diligance.Rick
These are some very well informed contributors on the forum Emma, Alex, Jay, Kyler, Tx Cashflow, Ziv lawsjs etc
Check out the posts from these guys on the forum.
Emma171 is very much against ripoff rehab costs. So if you want plenty of info on that just get her started.I have been sitting on the side for six months soaking up all I could before making a purchase.
If you are in Aus. there is a program on the ABC called 7.30 @ 07.30 pm Mon 23/4/12
There are a couple of forum members that have been interviewed on the program.Rick
Buy the property from Australia, keep the funds in Oz until you get your HUD (closing statement), wire the funds through to the closing attorney or title agency and own the property… your property manager will collect the funds and wire to you every quarter or whenever you want your funds…. simple. If you happen to be the type that is uber diligent and can remember to check rents are being received diligently by the 5th of each month (or have Section 8 paying 100% of the rents) then great – but realistically, your property manager should be doing that and you just getting a statement from them
Agree 100% on the buying part. Only question is the cost to wire every quarter?
Not a favorable exchange rate at the mo.
If you HAPPEN to go to the States for your tax deductible trip to the US, yay you – open an account then – again, not sure why you need to but still.
Leave it in a USA account,Take a trip to the US and take advantage of the Au dollar when it falls to .80/To US dollar
Rick
