Just emailed the contact, however this will only be useful if you are looking at Atlanta.Also, if you are using a lawyer to set up your LLCs they can set up your bank account, EIN etc.CheersWI

a) be forclosed. I get to keep the $4k in the bank and save another $4k on top of that.b) Do a short sale. Im not even sure how to start with that but I only have a month.c) Engage an annoying lawyer to slow the process down. Every month longer it takes I make $800.d) Pay up and gamble something positive happen to the property in the future.Hi…[Read more]

BTW property insurance on mortgaged freehold is not in any way required by Aus banksHi LawsjNot the case with my dealings with at least 6 different financial institutions in Aus, they will actually tell you how much you need to insure the property before they sign off on the loan, also they require evidence from the insurance company,  their nam…[Read more]

FreckleI think you are right, everyone should stay away from US market, very nasty….. shocking rental returns, no possibility of growth, Aus $ at an all time low…WIhttp://www.thepetitionsite.com/2/save-our-animals-ban-puppy-mills-in-aus/

KnoxOffAll my properties currently provide good cashflow, however it is early days and  will see how it all pans out  in 12 months time where I would like to provide an update on my experience. I don't expect it to be a "walk in the park" but I do expect to be in the black.If I sell my properties I would like to at least double my money, bring ba…[Read more]

Hi TCCWould be interested to know whether these loans are asset lends or full doc bank loans with similar criteria to what is required in Australia?? In other words do your clients need to jump hoops to get these loans.WIhttp://www.thepetitionsite.com/2/save-our-animals-ban-puppy-mills-in-aus/#13335047560141&action=udata&udata=false 

I was advised of a possibility of securing finance this week, however I have not yet received all the details.The various products that I have looked at over the last 6 months for foreign investors has been shocking and I would not touch, too high risk and expensive associated cos…[Read more]

I recently heard of a scenario where a fellow investor was looking at securing a property via a Realtor in US, the Realtor would not drive to the property once she viewed at "google map" ….  too close to high voltage power lines (rear). I also think it may impact when trying to rent it out. Who knows? but why take an unncessary risk.

Atlanta market is definately alot tougher at the moment. I managed to secure a great property at $41K, 2200 sq home, year – 2004, had to fight tooth and nail to get this one.I actually think in this market I could possibly place it back on the market at $60K, not enough profit to make it worth the…[Read more]

Hi JayIts a deal breaker for me.Perhaps different psyche in Oz,  we know it would be very different to sell a property anywhere remotely close to high voltage towers in Australia, I would not risk it and just look for a deal that ticks the boxes.I will also not purchase any properties in close proximity to sewerage plant, never know which way that…[Read more]

KylerI think you need to translate that?? WIhttp://www.wheredopuppiescomefrom.com.au/australian-puppy-mills/

http://www.zillow.com/homedetails/3473-Oakleaf-Pass-2-Fairburn-GA-30213/82613019_zpid/Due diligence, absolutely, look at the map closely, would you buy this, I would not.WIhttp://www.wheredopuppiescomefrom.com.au/australian-puppy-mills/

Hi Alexso does this mean you are now buying in Atlanta?Cheers WIhttp://www.wheredopuppiescomefrom.com.au/australian-puppy-mills/

Hi BAWelcome back.Care to share how much your dream home cost and what was the last sale on this property, purely looking at this as curiosity on what % you anticipate making/saving.Also, interested to know whether you have looked at the US tax implications with regards your 6 month stints?WIhttp://www.wheredopuppiescomefrom.com.au/australian-puppy-mills/

Hi ChrisI use realestate.com and check out recent sales for comparables and also rental data.I check out Council sites to find out information on projects for the area and zoning.Also contact the most prominent RE agents in the area and pick their brain to find out most desirable pockets and some info on demographics of area…[Read more]

jayhinrichs wrote:
talked to kevin today he is getting me numbers. I think we can folk that in to the TWH model quite nicely.send me pictures, I don't know if you know this but these modern phones you can take pictures with them then send the pictures over the airwaves and the pics end up on my I phone…. If you can figure out how to do that…[Read more]

lawsjs wrote:
Jbelmore – I posted that link and no-one bothered reading it:( 'worth a read' – clearly it wasn't:( I will go back to weaving baskets and singing kumbahyah…

Yes, I read it lawsjs it was interesting, just decided to post once it came up again. Wonder how many times the Warren B article gets posted. 

zmagenI have purchased 8 properties to date and I used buyer agents to source properties direct from the bank, I personally would not do it any other way.  They also arrange quotes for the rehab and manage this until completion.  I provide the criteria –  ie, sq ft – 3/4 bedder, age etc. I could not achieve the awesome deals,(30% of buildin…[Read more]

zmagen wrote:

Alex SC wrote:
I would just continue purchasing foreclosures in Atlanta, there are other markets that do interest me, however I feel I need to stick to one area to reduce the risk/challenges.  Great advice ….

Don't quite follow – I get the logistics bit, but how exactly does putting all your eggs in the one city basket…[Read more]

"The bidding wars seen in such places as Seattle aren’t found everywhere. In metropolitan areas including Atlanta and California’s Riverside and San Bernardino counties, housing remains weak as high unemployment and falling prices deter first-time and move-up homebuyers"Can not agree with this, in particular Atlanta, currently we are seeing 18 + c…[Read more]