True:)

Prime property:) No hassles, no dramas! Doesn't really matter where! I don't know Las Vegas at all, but I am sure there are nice enough places there.

Indeed.
The US is NOT easy. Just because a comment does not fit into the picture someone paints should not alter the facts. If it was that easy then a million US residents would be doing exactly the same … And they probably are:)

Jay,
I own in San Fran, not a lot but I bought a while ago. Small potatoes and while I was living there:) SAH' (Karina?) post implied (+61) that she lives in Australia. I don't get that. There was a time when I was visiting Pacific Heights so much it was almost a second home, but those days are long gone. Now, I add up travel bills.

I think I can…[Read more]

Anyone should beware of anyone selling anything on the other side of the planet. I live in Avalon in Sydney and would never think of finding an agent in Atlanta to advise me about property in Avalon.

If you are buying an LLC you ARE buying a flipped property.

If you are based across the planet you are simply not able to do reno's/rehab's for…[Read more]

BTW: Beware of wholesalers/flippers (especially when they are based in Australia like SAH) you may do OK, but you can guarantee they will do OK before anyone they flip to – and that is forgetting any management issue that might arise when they are long gone (ie the day after you hand over the cash).

Do it yourself, in the long run middlemen are…[Read more]

BMH, good luck. Ive been trying over years to solve the problems you have given 9 days to. You might be lucky:)

I have looked at Ziv Magen's website and I have looked at several U.S. markets.  With many commentators on here saying that cap rates of 12%+ are achievable in the US if cashflow is the objective and little appreciation but beware of property managers, bad tenants, warzones, etc.  Ziv appears to offer the same scenario of 12% cap rates plus almost…[Read more]

Ga (like the rest of subprime) is over.

Go to Vegas or Star City – better odds on red:)

Advice – don't.

Frankly, if you 'need' advice you do not know enough about the subject to put your money into it.

JacM. In a lot of cases more than 100% is the answer. Think about what the words 'sub-prime property' really mean and why you think they may have been coined by banks to describe them. $11k properties are SUB-sub prime. If you are an out of town investor I think you should only be looking at 'prime' areas, or have extremely good assistance (and I…[Read more]

As you would know Steve, a very, very dangerous game buying 11k properties in the US. The caveat (of course) 'a' tenant 'paying' (once?) $500pm gross.

Net figures? 

I admire your work Steve, and encourage people to look for opportunities. In essence I agree with your comments above, but be careful out there people. Steve has a LOT of experience…[Read more]

Sorry LIL, I don't think you understand the US at all.

Wish you luck but I see nothing but 'House of Pain'  (can't do Kramer sounds:) for you….

London is probably at least as good as anywhere else. I just wandered around Camden Town for example and seems market there is quite ‘firm’ – but tenants not thick on the ground. Place has a good feel though, advertising / fashion people moving in. I think you should sort out finances and buy – UK is and always will be a great currency hedge. Just…[Read more]