There's actually a pic attached, but for some reason it doesn't show…not sure if it's the new website or me, one of us is having a blond moment?..trying again…
1. Kyler here does a pretty decent job on exactly that type of property in the USA, and there are a few others who claim the same
2. The 30% returns are a myth, unless you're talking about gross yield, if they ever existed at all (I doubt it personally)
3. As for Steve, well, he's a brilliant property investor, but a…[Read more]
emma171 wrote:
have never posted an "example property" etc because it will come down to WHAT IS RIGHT FOR YOU.
Actually, I think sample deal breakdowns are very helpful – not from the "model property, this is what you should be looking for" perspective, but more for the purchase/annual costs breakdowns, the details of the process involved,…[Read more]
In regards to spruiker bashing, well its a shame that many come on here with an underlying agenda. Read between the lines and make up your own mind. There is a lot of scaremongering going on and all it does is confuses people and adds no value to the forums.
Not sure what you mean by scaremongering. While I too find the bad…[Read more]
I quite agree, Jay, but I think that "character" bears a bit more than what you specified. For me it's always the "Prime C".
Public records are great, but they only mean this particular provider (or at least under their current names, you can't imagine the lengths some frauds will go to) hasn't been caught doing anything – nothing about what…[Read more]
I tend to agree, but ufortunately that lawyer is just one such example, a great many more exist, some of which have far better fleecing techniques.
The question was a general one – what is the limit of due diligence? Terry's reply is one end of the spectrum, someone who would have followed the supplier blindly because he sounds like "he can…[Read more]
tash72 wrote:
Seriously look at what Ziv offers. Having spent years in both the US and Japan/asia I can onl suggest you look at ALL possibilities if you want a hassle free investment.
Yup, hassle free is right. The Japanese are so spoiled with this hassle-free management, even the monthly property manager's "all is well" and rental income…[Read more]
5. Different concepts of time. "jam carot' or rubber time means that if you organise a meeting at 3pm no one will come until 5 to 6 pm. They will blame the traffic, even if there is none. So you will have days and days wasted just waiting around.
Lol reminds me of good old' Israeli time (where I'm originally from). I'll take…[Read more]
I only know my own market, wouldn't dream of pertaining to be a USA expert.
"anal retentive to boot" lol, it's the only way to do business in my book. My clients label me a pest at first, but as things progress I think (hope!) they come to appreciate this method. Beats the "it's all good, mate!" approach any day of the week.…[Read more]
lifrey, out of curiosity, how do you plan on handling emergencies/issues when they occur? Do you plan on personally visiting to address stuff every time, or do you count on your property manager to do everything for you?
CF+, PG, so many ways to try and convey the fact that attractive return without speculation is not a given…when and how did this happen? Wasn't property investing meant to be a way to generate income on your investment?
I feel like my way of thinking and method of investment is becoming obsolete, but I really think all this "creativity" and…[Read more]
Couldn't agree more, timing is crucial in every market. And since there's always some crisis happening somewhere, "the world's our oyster", so to speak. just invest somewhere you enjoy dealing with, is my motto, as you'll be dealing with a local team if you're going to be owning property directly.
Would love to hear more about the cash-flow…[Read more]
Specifically for Bali, heard some nasty horror stories, here and on other forums. They're very far from being a regulated investing environment. Buyer Beware seems to hold doubly there.
Ilovehouses wrote:
…Ziv appears to offer the same scenario of 12% cap rates plus almost nil property manager and tenant problems by investing in Japan condos. No appreciation but good solid returns…Exchange rates seem to be stable…
So the question is, why isn't everyone flocking to Japan via Ziv?
We're finding the same in Japan. More and more realtors are suggesting that deposits be sent through with offers to increase the likelihood of those offers being accepted. This used to be a tactic that was rarely used, but now seems to be almost a norm, as sales are settled much quicker and competition becomes fierce. And while you're entitled to…[Read more]
"In the US or PG"- thought you were talking about Papua new guinea there for a minute lol.
The US is far from being the only place where you can get serviceable, affordable (eg diverse) and positively geared properties. There are other places that'll get you that with far less of a hassle and MUCH lower risk – also much closer to home