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I have gone on somersoft but did not find the overseas investment chapter or area.. it seemed to be all AU focused maybe you can help me
Rochester, snow ICE big old houses that are money pits.. No capital growth whatever constriction of population. there are many areas of the US where housing will never rebound.. If you want to come here and start a rental business and own a lot of homes and make a business out of it then these towns work.. but for a passive investor looking for turn key and an exit in 3 to 5 years one should be focused on other areas…
Not sure if any one else has the problems I have with this site , and right now I am on the wifes computer which is brand new my computer won't even open the site up………………..Jay Hinrichs
Just watch were the smart US money is going and we hope the billion dollar hedge fund guys are smart but they are buying in AZ FLA GA CA vegas to some extent.. little bit in Indy…. where they are not buying is MI OH.. or Rochester NY… this is where Nigel and I firmly agree….to buy 1 10k house in the US and hope it works well is 50/50 at best,,, If your set on buying that cheap of houses then look north of Indy… Kokomo is a nice little town no crime you can find 10 to 20k houses that will rent OK. I just bought a duplex there for 5k put 15k into it rents are 525 a door… but it took 6 months before I got my first tenant i could sell it for 30ish if I wanted to flip it to a Califonia cash flow investor. …………………………………………………Jay Hinrichs…………………………….
Nigel I am back under a new name and I promise to be good. this new site gives my computer problems like right now I can't hit enter and make a page break jay hinrichs alive and well been absent a while but been lurking seems like the site has been pretty quiet of late… markets have changed.. we got priced out of Atlanta but got 40 under our belt at the great prices so good with that
When I was lending in Detroit.. the number one problem was the reno crew coming back and stealing what they just put in that day. The company I did bizz with had retired police at each job.. they checked ID's and took names before you stepped on the property, One can always make money in Trashflow in the US is you have mass and scale like what Xdrew is talking about the one off investor gets killed in these markets has been my experince.
