Alex SC wrote:

worldinvestor wrote:
Jayforget the $850-900 rental returns,  that is why I really like the big homes at the right price, I am achieving from $1000-1300 (8 properties) so far.   I certainly care about 20% gross yields, plenty of fat in the deal to mitigate any slippage and that is the point. Personally I don't need someone ho…[Read more]

trinalewis wrote:
For those who asked about my property – it is in Smith Ridge, Norcross ( photo in my profile taken at house with Bronwyn from TTR). Next one is in Union City – rehab underway now.  All great so far!!  thanks , Trina

Thanks for this, always interested in what other investors are sou…[Read more]

zmagen wrote:

worldinvestor wrote:
do not believe I could achieve the returns I am achieving if I purchased turn key

Absolutely, that's exactly what I'm saying. More hassle = More profit. 4-5 weeks is spectacular, but it's the time it takes me to find and negotiate a new deal. I'd rather do more of those with lower profits.

worldinvestor…[Read more]

Hi ZivI personally like to buy, renovate and then tenant all within 4-5 week period. This has been cost effective for me and I do not believe I could achieve the returns I am achieving if I purchased turn key.JayMaintenance issues, sure I think this is a big one for all investors, as you mentioned in previous posts you need to account for I…[Read more]

jayhinrichs wrote:
would be extremely rare if a company like TRR that is doing 100 homes a year or so would have any direct pipeline to any bank save the odd one… When they say bank they probably mean short sales,, and the for profit auctions.-

All TRR properties are purchased direct from Bank or auction, I assume they work with a realtor,…[Read more]

J.Simpson wrote:
I had a bad experience just thousands of others not naming any company in particular but they all do the same thing which is flipping for want of a better word. I lost 60K and almost my home but instead of getting angry i took them on. I set up my own US property firm We don't sell homes for a start We just sell the service…[Read more]

Hi TrinaDepends where you are purchasing, I believe some formites have secured finance in Texas at US rates. Texas Cash Cows can help.However, different story when purchasing in other areas, I can speak for Atlanta, I have looked at various hard money lenders etc, rates are high, fees are high and overall very risky scenario. I also had my lawyer…[Read more]

quickchick wrote:
We have found the above info to be true,Namely that you do have to be in the States to set up a bank account. unless you have very big contacts there.I think it has to be a notary who will personally vouch for you, ie has met you in person and will I.D. you in Aus with your Aussie passport.You certainly need a real US address…[Read more]

Hi RowanAnyone's guess, I have watched the Aus $ go from 94 to 1.08 over the last 12 months. However, my gut tells me we are going to see the Aus $ start to decline and remain below US$. Where was Aus $ when you purchased in Atlanta? Personally I see this could present as a great opportunity to bring funds from US back to Aus.Do you subscribe to…[Read more]

nyc88 wrote:
Hi WorldInvestor, thanks for providing an update and I have enjoyed reading your posts on your adventures in Atlanta. I'm glad you are pleased with how well your properties are performing. Another investor has given me the name of his accountant (based in Atlanta) and I'm wondering if you know of any investors who have worked with…[Read more]

Hi AlexTRR have been very successful as they have been able to generally provide a decent product and as they are buying direct from the Bank there are no added commissions. As I said I know some investors who have purchased some great properties and when I was in Atlanta last year I viewed a couple.I think they have sold over 300 homes.Cheers, WI

Here is the link which provides info/addresses on properties TRR has purchased.https://picasaweb.google.com/115538073800065255894?gsessionid=19qOn-0-8nQ8oVveQjIsGw

jayhinrichs wrote:
When anyone or company says they rent a property in one weeks time,,, big red flag for me.Our portfolio in Atlanta we average 4 to 6 weeks to get a tenant and thats because we usually have to go through 3 to 4 applications before we choose one.Atlanta is a big place like WI says… And it has just as bad as neighborhoods as…[Read more]

trinalewis wrote:
Hi,In response to the request re posting my property purchases – would you like the addresses? thanksTrina

Trinathat would be great to share this information.Cheers, WI

trinalewis wrote:
I have bought one property from TRR last year, and have been delighted with it all.  Obviously – I was a bit nervous at first – it is a long way away – but it is a great property and the team at TTR were great.  The property took a few weeks to rent – but that was because they wanted to get the right quality of tenant in t…[Read more]

AKNZ wrote:
We own 4 properties which we acquired through Top Rental Returns which we acquired just over 12 months ago. Over this period, two properties have been fine, but the other two havent. We got tenants at one point in properties 3 and 4 but they never paid rent aside from the initial month and so both had to be evicted. We understand…[Read more]

jayhinrichs wrote:
Alex, I think this is a really good point about you exiting the Management business. And demonstrates to the OZ investor that property management unlike in OZ is a very tough business to make sense financially for the PM company,,, Ton's of work very thankless in a lot of instances putting up with hard to manage tenants and…[Read more]

Alex SC wrote:

worldinvestor wrote:
I was hoping you would provide an overview on Atlanta?Cheers, WI

We just sold 4 of our 6 remaining properties in Atlanta higher then what I would have imagined. From a local buyer said he can not get anything. Then got a call from Agent in Atlanta for a short sale that went in Nov 11 . The bank just…[Read more]

thanks everyone.

I was hoping you would provide an overview on Atlanta?Cheers, WI