HI, Ive no experience at all of Kansas City. Quite a few people on here seem to rate it though.

munecita20027739 wrote:
I think the key is to pay wholesale, once you add in the flippers exhorberant price increase after they paint and flip the house to you and then add another couple of thousand for the buyers agent you are simply paying too much. leave the flipper out of the equation and you will do much better. You really need to…[Read more]

I was also wondering Nigel how the banks agree to you assigning the mortgages to the new investors? I was quite surprised to see that was your offer,  as even in 05/06/07 when everything was a lot more relaxed they still didnt like to do that.

No problem…they mention it on their website, I just dug out the link http://www.irs.gov/businesses/small/article/0,,id=97860,00.html

Yes ive done it many times since 2004 both for my property holdings and companies and have assisted for other investors and clients. Regards what criteria im not sure what you mean but its just following the IRS's rules on how to fill the forms in, and they allow it to be treated differently between online and through fax/mail, im not sure why…[Read more]

Your right as far as online applications go but, if you apply by mail or fax then as long as the llc is in existence you will get a EIN without the need to have a ITIN.

I have a contact that will, at the moment though they will only lend in Florida, on condos which are FHA approved and single family homes, both have to be more than $70,000 in value however.  70% ltv, sub 6% apr.

APerry wrote:
Hi All,Something Nigel should emphasise more is that the properties his clients are buying come with loans in place that are assumed by the buyer (something you can't do over here). One of the major issues with the US, for Aussie Investors, is the difficulty of financing properties on decent terms.  RegardsAlistair

That's very u…[Read more]

great article, thanks

Hi Cheeves,I really believe its down to personal preference and there are no black and white, clear cut, right and wrong. For many people it seems to work, I dont like it for few reasons firstly the fact that in some communities in South Florida, Im thinking in particular west palm beach which have good stock the amount of section 8 tenants is…[Read more]

simple wrote:
fWord, if my memory serve me right, in US rent dictated by goverment body. You canot charge 'as you wish' like we do in Australia.So, you may have many people wanting to rent but, it may not nesesarly drive rent prices up.Anuone here with more inside info of rent reculation in US to confirm?

There are rent controls in very few…[Read more]

Hi, In answer to your question of why a tenant can afford to buy it when a mortgage holder cannot I think it comes down to as you say the lower cost, it also is a fact that many erstwhile homeowners can afford to pay the rent but cannot afford the other aspects of home ownership such as Tax, Association dues, maintenance, insurance which in the US…[Read more]

Hi, It depends on the type of entity you are getting the EIN for. Shoot me a quick email and I should be able to help,mark@spyglass.co.uk

We invest in several different areas of the US for clients. Personally I like investing in Florida because ive lived there for five years and traded hundreds of houses and know it really well, and believe in its medium term fundamentals. We also buy in places like Indianapolis for clients but this is to execute a specific strategy which works best…[Read more]

Hi Jason,There are lots of different levels of debts and liens and some can survive the sale of the property eg tax liens and others cannot eg secondary mortgages and workman liens. This is part of the foreclosure process to work out the varying levels of seniority of debt and who will receive money from the closing table.That being said a hard…[Read more]