Hi LukeI agree  Mt Lawley and inner city areas will always do well.As far as the property you posted it may have taken 5 minutes to find, however it may take many properties to find a suitable development site where the figures stack up.  R50 does not mean you will achieve even 3 on the site, perhaps only 1.A 4/3 unit site in Mt Lawley at this…[Read more]

Luke86Hotspotting does not necessarily mean speculative to me.For example look at areas where rezoning is on the agenda.Craigie is looking good, older homes, good infrastructure where you can pick up properties under $400K.  Check out realestate com, you will note that houses appear to be snapped relatively quickly, good sign in this market.…[Read more]

lawsjs wrote:
On the contrary, I would run a mile from any company offering 'finance'. The only realistic finance you will get in subprime areas is from hard money lenders and I would suggest the 'majority' of the financed amount is profit for the company itself and little to do with the actual property. The more 'products' they offer, the more…[Read more]

Hi KristinedogzI assume you would be passing on papers to your accountant in Oz?Also, have you considered the currency and how this will effect your return bringing the money back to OZ, this is important.Cheers WI

Atlanta is getting flooded with investors, as the prices are rising with over bidding. Every USA investor group especially from west coast is buying in Atlanta or from turnkey investors their. So they same groups that are buying from turnkey guys like me are reselling to International clients. I am no longer in Atlanta still stuck with 5 or 6…[Read more]

waydo77 wrote:
looking at renting my coastal property in south aus, what is the best and most accurate way to find out holiday vacancy rates? cheers

That's easy look at usual holiday periods, this will be time when holiday homes are in demand:Xmas EasterSchool holidaysWe have a beach house which we now rent.Also, for those considering renting…[Read more]

http://www.zillow.com/homedetails/3154-Chippewa-Dr-Rex-GA-30273/35761249_zpid/Looking at your example – 3154 Chippewa Dr Rex  –  last sale $28,000, refer to zillow aboveSale price of $52,000 that equates to approx $40 per sq ft.The age of the property 1986, small home at approx 1200 sq ft.  Too old and paying too much, also Rex is not a great are…[Read more]

Hi Cashunterinteresting, when I was in Atlanta 12 months ago I attended an Atlanta investor group meeting, it was a full house,  these were  the local investors, builders, realtors, flippers, contractors,  – great insight on what the locals are doing and their experience in the Atlanta foreclosure market.One of the reps from this group (Key prope…[Read more]

Kimberly wrote:
I'm looking at going wit Citibank based on personal recommendation. However my question is whether or not anyone has been able to setup a bank account without physically being in USA?Thanks, Kim

I have set up Bank Accounts from Australia, first time got my lawyer to do this, charged about $200, then set up all my other accounts…[Read more]

kylermrice wrote:
Wow, people just can't get enough of Atlanta.  I'll be interested how it pans out for everybody down the road.

Me too, we know the lemons will be flipped to the uneducated investor, this is already happening.Its yield driven.WI

Cheeves, LOL, not talking title insurance, property/landlord insurance, purely payments/systems that do not work….. that's another story, hence my comment.I do not like the lease contracts in Georgia it favours property management companies, you all need to adopt our contracts in Australia.PM companies want to squeeze every ounce of blood and t…[Read more]

Hi Menunes'wrong things' investing….. can you share??

Its just amazing to me I was making hard money loans on these same assets in 07 at 90K to 120k per home and now buying them back at 30 to 40k PLUS RehabJayHelllllo.. I live in the world of  Oz we are paying $400K per property entry level,  properties in Atlanta ….. $30-30K yep….I am  loading up.

Hi Stevelooking forward to hearing more, keep us all posted on your experience, and by the way Atlanta (GA…………., you mentioned cashflowWI

Buzz Everyone appears to be so friendly and helpful, yet so many people seem willing to rip other people off. ….. No need to go to US for this, plenty here in OZ.For those who have purchased in the US, how is it all going? Has it been worth it? Will you be doing it again?Have been in the Atlanta market for 12 months, am over the moon with s…[Read more]

Hi lawsjs, oh joy….. Have you dealt with Bank of America??WI

I know with our portfolio in Atl… we have had to lower rents on a few houses to get them rented… what we thought we could get 950 for rented at 895.00 that type of thing…Can that house go to 500..00 any thing is possible but highly unlikly as thats the starting point for garden apartments.. And many apartments are as much if not more than…[Read more]

Just googled "Patriot Act", too much for my little brain to deal with…..I know they can close your account if you do not have a minimum of $250 each month.As I mentioned have not had any issues, however will be going to Atlanta in May, will be organising cheque (check) book for each account, friend who recently came back mentioned that this was…[Read more]

For the investors on this site, would like an update on your area of interest and how things are going.Atlanta – I have not sourced a suitable property for 6 weeks now,  very difficult to find something that provides the right return and criteria.What aboutTexasFloridaCarolinaWould be keen on an update, what is happening on the…[Read more]

" I am not an economist by any stretch, an investor and a builder"Yep, keep it simple Jay, just get those deals over the line. By the way how your purchases in Atlanta going??I think this article pretty much sums up my feelings on this stuff.http://danerwin.typepad.com/my_weblog/2011/02/ten-reasons-why-economists-get-it-wrong.htmlCheers…[Read more]