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Well said Alex : )
I emailed U.S Invest over a week ago with the following questions/concerns and they have yet to reply..
Hi there, I have had a chat and have been sent a starter pack of information about your company. I have a few questions if you don’t mind,
Can we use our own financiers so that we don’t need to spend the 40,000 down on a 100,000 property as your requirements suggest? Is there any other way around this? Such as paying the premium members fee and selecting my own properties in my own price range? My thinking is why would I want to lay down 40,000 on one property when I could lay it on two cheaper properties with double the yields.
Could you possibly show me something you have on your books today that is for sale around the $50,000?
How many members do you have and how many buying opportunities to you present them with each year?
When an opportunity arises to but do I have to scramble to obtain it and can other members outbid me in a sense if they are wanting it also? How do you select who gets the property if more than one investor wants it?
Are the sale prices negotiable?
How do your financiers rates compare with those on the rest of the U.S markets? Are they the lowest possible rates or can I easily obtain a better deal from someone else? How different is your arrangement here as from lets say vendors finance?
Can you tell me how a investor usually goes on to get his 2nd 3rd 4th (and so on) properties? What is the usual criteria for this and what kinds of requirements are needed to obtain them? is it all about leverage?
What is the minimum requirements that your banks are posing on foreign investors? I heard that they are not even lending and that the 20% down is more like 40% for foreigners.
What is the usual loan type that investors go for eg 30yr 15yr interest only ARM?
Thank You in advance for your time
Regards
Vikki Norton
Here is one of their examples they recently emailed me…
They don’t have the properties listed on their site you have access once you are a memberhttps://tmc91650.infusionsoft.com/app/attachment/18302/14836/fc1e23ab618aa4b3d17d4ee178772d7d
(hope this link works if not you can email me and I will forward an example on to you)
Can anyone tell me anything good or bad about the company U.S Invest ? (U.S Property Investment company)I have been looking into property investing and am doing lots of Due Diligence. So far I could see myself using this company as they pretty much hold your hand throughout the process’s that as a newbie can be a little overwhelming. I am thinking that it would be better to use this option than to go into somewhat blindfolded. I pay a joining fee that is reabsorbed when I make my first purchase (this eliminates tyre kickers taking up a lot of their time I think)
They have the houses tenanted newly refurbished under good management and supply all the legal and accounting processes at rates which are at or below market value as they say these professionals get a lot of business from them. When you purchase the properties you pay a $3995 fee which includes all the renovations as they say they get the materials /labour at good rates because they buy the materials generically in bulk at a excellent rate. The houses also look like they are in line with other prices in the same area/market.The only other closing costs equate to around 2-3 % It seems good to me as I wouldn’t have to spend so much time figuring it all out for myself (although I would always strive to keep educating myself) It just seems like it would be less risky for me so my real question is why isn’t everyone using them?
Looking forward to your comments
