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    March 16, 2012 - 6:29 am

    Hi Richard
    What about Atlanta?  Any finance here……

    Thanks
    WI

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    March 13, 2012 - 7:47 am

    Hiya Alex
    Port Douglas in QLD…. just another one of my favourite spots, am sure your wife would love it.
    http://www.youtube.com/watch?v=MouxFoBEkGY

    Cheers, WI

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    March 13, 2012 - 4:39 am

    http://www.propertyoz.com.au/Article/NewsDetail.aspx?p=16&id=5451

    This may be of interest to those interested in mining area…..

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    March 12, 2012 - 1:02 pm

    http://www.rottnestisland.com/

    Its not  for sale ….. just a piece of paradise, our little treasure in Western Australia.

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    March 11, 2012 - 11:19 am

    Also,  I can not believe the amount of short sales in Atlanta,  anyone purchased a short sale. I was always under the impression that these were a waste of time.

    Thanks, WI

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    March 11, 2012 - 7:13 am

    Flip 2, hold 2, flip 5, hold 5.  Best of both worlds.

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    March 10, 2012 - 4:57 am

    Jay and Kyler

    I think the worm has definately turned, though keep reading reports from the "so called experts" —- US market still falling, the sky is also falling by the way…… however, the deals I was sourcing 6 months ago are no longer around. Lots of compeition, 15 offers on one property alone.

    I am stil looking at buying another 6-8 but if those rental yields don't stack up I will just have to pack up.

    My understanding is that there is about 2-3 years of foreclosures to come, I can only assume the bank's strategy now is to drip feed to push up prices, however this may also deter foreign investors buying if the cashflow does not stack up. Perhaps we will then see prices fall back again. May be time to just sit and watch.

    What do you guys who are on the ground think?????

    WI

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    March 7, 2012 - 2:31 pm

    That being said, why is it bad?

    Because every man and his dog is taking a bite from the cherry, so who is wearing this???
     
    The returns will of course be overstated to justify the sale price. Can not wait for a section 8 tenant, should throw a party.

    I would not touch this type of product.

    This company wont even provide you with details on list of properties sold and  to add insult to injury they ask for an upfront fee. <moderator: delete language>

    WI

     

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    March 7, 2012 - 3:29 am
    Anyone know Atlanta well enough to work out the address based on the google maps screenshots?
    They've told me they can't give you address of anything they've sold. Privacy, <moderator: delete language>.
    edit: with some rudimentary googling I can see that the property probably lies within an area bracketed by the Terrell Star Pkwy, Panola Rd and Stagecoach rd.
    Zillow prices in the area suggest to me that 70k isn't a terrible price. though, please correct me if I'm wrong. :)
    Seriously,  how could you possibly make an informed decision on whether this group is sourcing suitable properties when you have no information.  A couple of street names and viewing zillow is just not going to cut it.  Would you use the same criteria to purchase property in Australia?

    Also, zillow has some useful information but what I have found is that property estimates appear to be always on the high side.

    WI

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    March 5, 2012 - 1:29 pm

    Hey Freckle 
    LOL……  Lets not scare the hell out of these blokes, we go a couple of High Fives

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    March 5, 2012 - 11:47 am

    Kylemrice
    Busselton in the South West is absolutely shocking in summer can not get rid of those damn flys, you will need a gun…..

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    March 5, 2012 - 11:41 am

    Freckle, what investment pond do you play in? Despite what you might think I actually agree with most of what you are saying, the addiction to debt has to stop. It didn't work for the Weimar Republic and Zimbabwe has hardly been an economic powerhouse since the Zim $ was devalued… Interesting times indeed.

    You are also my hero, can not wait for this one….. BIG MAN HUG…..

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    March 4, 2012 - 5:51 am

    I think you'll find this a completely different can of worms. You did ok because it was pure luck not because you understood what was going on. Punts like that are always 50/50. In fact all investment bets are 50/50. You could look at an investment, toss a coin and you would probably have little difference in potential outcomes. The trouble with 50/50 betting is that statistically you never get ahead in the long run because statistically you will win as many as you loose.

    While investing is always a gamble of sorts the informed investor is trying to make their wins bigger than their losses over the long run even though their win loss ratio may be evens

    Freckle

    That's what they all said then….. funny that.

    Gotta love it…. thanks for the tip,  I am pretty sure I know what an investor needs to do.
     
    ….its absolute luck, give me a break, I have been investing for over 12 years, retired 5 years ago from my property investments, I call it passion and commitment and sticking my neck out when I see an opportunity.  

    I don't waste time analysing charts/stats to death I'll leave that to the aspiring economics lecturer.. or whatever. I find markets that are suitable to either flip, build house and land packages, DAs, buy and holds.

    WI

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    March 4, 2012 - 4:44 am

    Those who are selling will be relieved to hear you're in the market to 'load up'

    Freckle

    You bet, that's exactly what I did when GFC hit, loaded up in Melb, all the cr@p areas 10-15 km from Melb, where the developers were jumping in, put the DAs together and sold off prior to  slow down.

    Worked a treat. When others are listening to the noise I look at what is happening on the ground. Not too interested in all these charts, stats etc. they don't make money, as I said before most stats are rubbery at best.

    WI

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    March 3, 2012 - 2:58 pm

    Hi Freckle

    Who really knows what will happen it is crystal ball stuff, however to mitigate the risk  with US properties  I would buy properties well below building costs.
     
    I am purchasing for 30% of building costs, purchasing properties no more than 10 years old, facilities in good sub-divisions, all positive cashflow to cover all outgoings. Throw in the correct structure and should be on the right track to sell when the market turns, sell the lot. 
    If you are fortunate buy while the Au $ is at all time high $1.07-1.10 

    WI

    WI

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    March 3, 2012 - 1:53 pm

    I will do what I always do and will chase the cycles, the next to move will be Sydney,  we are not too far off and I will be loading up.

    Freckle,  I am only interested in what is happening on the ground, not interested in analysing this stuff it has been done to death. 

    WI

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    March 3, 2012 - 1:26 pm

    It's the package deal that's attractive, set up, accounting and legal services, pre tenanted properties, property management and lending. All that sounds pretty good. I don't have heaps of time and it would be nice for someone else to help sort that out. However, as I suspected and as people seem to confirm, there is a high probability that they're gouging on the house price. After searching via goggles the only reference to people having used their services looked suspiciously like employees.

    Hi Luke
    I just checked out the site, I do not see fees ie setting up LLCs etc. I also do not see any info on finance, what are they charging, set up fees could kill the deal.

    I had a quick look at a property listed in Atlanta, as mentioned no address, no price, I can tell you just by  looking at the photo I would not touch it, too old and too small, selling  price $55,000, bet they got it at $16,000-20,000.
     
    Phone them and ask them for the address we can then check it out bet I am right.

    WI

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    March 2, 2012 - 12:51 pm

    Looking at some first time investment in the us.
    I've been looking at a few different companies
    and at a superficial level us invest seems pretty good.
    They give you access to a bunch of accountants and lawyers,
    And set up your accounts and llc. They do charge 4k per property though they come pre tenanted.
    They've been hesitant to give me any addresses, which is worrisome.
    I'm concerned they're adding a hefty margin to the property price.

    Hi Luke

    Why does US Invest seem pretty good, what is it that you find attractive????  

    Most important item which is missing is the fact that they do not disclose details/addresses on properties they are selling… how the hell could you determine what type of product they are selling and whether you are paying too much for the property?

    As Alex stated – simple tools like Zillow, Trulia, Redfin and you should be able to find basic details. 

    Wi

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    March 1, 2012 - 11:40 pm

    Hi Alex
    I am not ready to pack up yet, just makes it damn harder to find those little gems.

    .cheers WI

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    March 1, 2012 - 9:22 pm

    Only two U.S. metro areas have had increases in home values since the peak of the housing market in 2007, and they're both in Texas: Houston and San Antonio

    Hi Peter
    I don't bother too much with what is written about the US market or OZ for that matter, stats are always rubbery at best.

    I am interested in what is happening on the ground.

    In Atlanta the houses I have been  purchasing over the past 6 months at around $37,000-48,000  –  Sadly am now looking at paying $65,000-70,000. There is fierce competition and now we have owner/occupiers jumping in.

    I am with Jay on this one, I see this market jumping, still some great opportunites if you purchase the right property in the right area but I believe this window of opportunity will not last too much longer.

    WI

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