Hi,
I'm thinking of purchasing this manual on investing into the US Real Estate Market as a foreign investor:
I was just wondering if anybody has purchased it yet and whether they think it is worth it or not?
I guess it's only $33 so worth a punt.
Dobby
Hi there Dobby,
mate i would be careful taking advice from anyone who hasnt done it all themselves over there.
after doing deals in the us for about 18months now i have learned that all is not as it seems.
unless they have been in the market and done a fair few deals (especially buy and hold)in all the different areas they are mentioning,i would take any info or advice with ALOT of caution.This guys credentials apear to be more computer related than long term usa buy/hold investor.
Luke Taylor | Hope Property Investing
http://hopepropertyinvesting.com
Email MeProperty Support,Strategist and Buyers Agent
Hi World Changer,
Thanks for the advice.
I went ahead and bought the manual anyway and it seems really good. I am very impressed with the detail and the contacts featured.
You are right though – I won't just jump in without doing more research.
All in all it's a good introduction to the market and for $33 who can complain?
Personally my opinion was similar to Luke's.
Why buy something from someone that obviously has little personal experience in the market and probably has never himself purchased in the US.
Why not use someone with vast experience and a great business model like Chad Simmonds from Melbourne who really adds value to his investors with his actual real live US contacts.
Anyway i guess if you are happy with the end result thats fine.
Richard Taylor | Australia's leading private lender
Hi Dobby,
For just $47 we are holding an Information night in June on U.S property. It will be purely educational that will allow people to walk away with a realistic and practical knowledge on the market.
We will be sharing our own experiences with you. The good and the bad. My business and property expert will be flying out from the U.S to meet with as many Aussies as possible.
Just for the record, this is not a sales event, hence the price. We will actually be losing money doing this for $47.
Anybody serious about U.S investing shouldn’t miss this night. You will never get an expert in the U.S market come and speak to you for $47.
TOPICS COVERED WILL BE:
1. Intro/History of real estate in US
a. Coasts vs. Middle America
b. Overall Benefits of investing in US
c. Why Texas is best2. Texas demographics and population
a. Texas loves babies
b. texas loves work/employees
c. demographics and what it means3. Texas cities – the run down
a. El Paso
b. Dallas and the Metroplex
c. Houston
d. The Valley
e. San Antonio4. Why SA to the Valley is so special
a. taxes
b. job sector
c. real estate
d. the future5. Examples of deals
6. How our partnerships and Joint Ventures with the US work
7. Upcoming events
8. Top 5 mistakes Aussies make when investing
Hi Chad,
Sounds great! With the info from the manual and your event I should be well on my way.
When and where is the event?
Dobby
Hi Dobby,
Here are the details of the event at your request.Melbourne
Wednesday, 13th June, 2007
7:00pm start
Travelodge Southbank
9 Riverside Quay, Southbank
Bookings essential – limited seatingCoffee and tea is provided before and after the event. Self serve coffee and tea in foyer.
Noosa, QLD
Sat 16th June, 2007
2pm start
Ivory Palms Resort
73 Hilton Terrace,
Noosaville
Bookings essential – limited seatingTea and coffee provided
Sydney
Tuesday 19th June, 2007
7PM start
YWCA NSW
5-11 Wentworth Ave, Sydney
Bookings essential – limited seatingTea and coffee will be provided.
Hi Chad,
Just about to email you and wondering if there are any spots left for the Sydney US info night?
Dobby
"4. Why SA to the Valley is so special"
Is this San Antonio? Are you sure it's really special and not just lagging the coast?Last I heard housing starts had fallen 25% over the first quarter and inventory levels had risen almost 45% over the last 12 months and that most of those buying were out-of-state speculators. Are these accurate or are the newspapers and mega-builders (DH Horton etc) misrepresenting the market?
Quote:San Antonio's formerly high-flying new housing market has returned to earth.First-quarter housing starts dropped 25.5 percent, in stark contrast to the first quarter of 2006 when builders worked at an exuberant pace.
Now the realities of last year's real estate frenzy are casting a shadow over the market, as builders sell off the excess inventory that started stacking up late last summer and in the fall, according to Metrostudy, a housing research firm.
http://www.mysanantonio.com/business/realestate/stories/MYSA050407.01A.BuildersSlow.359f7cc.html
Heres` a few free sites you can pull some info from
http://www.realestateabc.com/top100/top100.asp?Cat=1 (top 100 sites)
http://www.totalrealestatesolutions.com (totally useful all around resource)
http://www.rebuz.com (a most solid directory of R.E. related information)
http://www.reals.com (another great starting off point to find what you need)
http://www.realestate4.com
http://www.linkre.com (again, a huge directory to get you moving)
http://www.dealmakerscafe.com (creative investment education and support)
http://www.propertysites.com
http://www.relibrary.com (deep resources in real estate)
http://www.thecreativeinvestor.com (serious subscriber support)
http://www.urbanbombs.com/links10/themeindex.html (one word “links”)
http://www.homebuyingrealestate.com (well respected directory)
http://www.reidepotshop.com (guru central)
http://www.topusarealestate.com (all around great resource, articles)
http://www.realestatepromo.com (Super resource to get going)
http://www.carei.com (lot of respect for Bill Bronchick)
http://www.mastermindforum.com/resources/re-entrepreneur.htm#discussions (solid directory)Research sites
http://www.inman.com (your “must” source for news)
http://www.inrealty.com (very large information resource)
http://www.nreionline.com (latest real estate news)
http://www.meyersgroup.com (economic news)
http://www.newsmax.com/links.shtml (all the news)
http://www.fnis.com/Research/index.asp (latest market news)
http://www.fnismarketintelligence.com/2003/03-21/default.asp (news)
http://www.naahq.org/resources/econ.aspx (apartment owner’s industry news)
http://www.reiclub.com/real-estate-business-tools.php (R.E. tools for investors)
http://www.firstamres.com/news/articles.jsp (analysis)
http://www.usacitylink.com (relocation guide to cities)
http://www.findyourspot.com (find your ideal spot)
http://www.realtytimes.com (market conditions)
http://www.newspaperlinks.com/home.cfm (electronic newspapers)
http://www.bestplaces.net/ (city and school facts and more)
http://www.50states.com (state facts & info)
http://www.census.gov (statistics of the U.S.)
http://www.dataquick.com (get your data here)
http://www.dqnews.com (data quick news and stats)
http://www.infospace.com (your phone book and more)
http://www.realtor.com (homes for sale nationwide)
http://www.homeradar.com (what’s it worth, comparables free)
http://www.netronline.com/public_records.htm (public records search)
http://www.realfacts.com/faqlinks.html (find an owner thru research)
http://www.inft.net/index.html (find owners in trouble)
http://www.altmandirect.com (launch a direct mail campaign)
http://www.policyholdersofamerica.org/index2.html (insurance issues)
http://www.kwsnet.com (scroll to real estate, huge resource)
http://www.infocredit.com/ (background checks)
http://www.docusearch.com/free.html (multiple search databases)
http://www.creditretriever.com (credit reports on tenants)
http://www.FINDTHESELLER.COM (track them down)
http://www.skiptracers.com (find the tenant who owes back rent)
http://www.policeauctions.com (auctions)
http://www.stealitback.com (go to real estate)
http://www.financenet.gov/sales.htm (gov’t property sales)
http://www2.fdic.gov/WebCat/sitemap.asp (go deep into gov’t site)
http://www.nlihc.org/resources/links.htm (national housing links)
http://www.buyerstrust.com (buyer’s agent directory)
Financial
http://www.nfns.com (your states mortgage rates & news)
http://www.myFICO.com (get your credit score)
http://www.experian.com 888-397-3742
http://www.tuc.com 800-888-4213
http://www.equifax.com 800-685-1111
http://www.bankrate.com (today’s rates and more)
http://www.bankrate.com/brm/mortgage-calculator.asp (calculator)
http://www.interest.com (mortgage trends)
http://www.mbaa.org (solid mortgage news and resources)
http://www.eloan.com (financial/loans)
http://www.mortgagequotes.com “
http://www.quickenmortgage.com “
http://www.mortgage-referral.com “
http://www.lendingleaders.com “
http://www.mainstfinancial.net/Loan%20Programs.htm (100%cashout, non-owner occ)
http://www.interest.com/discussion/ (mortgage discussion)
http://www.brookviewfinancial.com (rehab lenders)
http://www.access-100.com (more rehab funding)
http://www.debtbug.com (stop foreclosure)
http://www.mtgprofessor.com/calculators.htm (calculator heaven)
http://www.mortgage-investments.com/Real_estate_and_mortgage_downloads/downloads.htm
http://www.decisionaide.com (32 different calculators)
http://www.cybernetmortgage.com (calculators/loans – Texas)
http://www.mortgage101.com (calculators and more)
http://www.algebrahelp.com/calculators/index.htm (higher math)
http://www.homefair.com (calculators & relocation info)
http://www.lendingleaders.com (finance)
http://www.homebuyingguide.com/default.asp (4free finance books) PDF
http://www.homewarrantyexperts.com (find a good warranty co.)
http://www.orhp.com (home warranties)
http://www.homeloans.va.gov (military forms resource)
http://www.alta.org/consumer/hud1.cfm (hud-1 settlement statement)
Inspection/Appraisal
http://www.inspectamerica.com (free inspection reports)
http://www.appraisalfoundation.com (click on “.org”)
http://www.appraisalinstitute.com/default.asp (find your appraiser)
http://www.naifa.com (find your appraiser)
http://www.appraisersforum.com/forum/index.php (ask an appraiser)
http://www.electronicappraiser.com (general valuations)
http://www.domania.com/sitemap.jsp (valuation tools)
http://www.camerondirect.com/compsources.shtml (comparable data providers)
http://www.ashi.com (find a home inspector)
http://www.homeinspections.com (5000 inspectors)
http://www.soundhome.com/topics/topic_inspect.shtml#hunt (tips)
http://www.independentinspectors.org (5000 inspectors)
http://www.nachi.org/bbsystem/index.php (ask a home inspector)
http://www.inspectorsjournal.com (ask a home inspector)
Contracts/Forms Suppliers
http://www.audrie.com (Audrie deserves to be #1)
http://www.audrie.com/creating_advertiseing_flyers.htm (make a flyer)
http://www.totalrealestatesolutions.com/realestateforms/index.cfm (you’ll love it)
http://www.buyincomeproperties.com/FreeRealEstateForms.htm#contracts (more love)
http://www.fidtitle.addr.com/forms.htm (forms in pdf)
http://www.uslegalforms.com (pay for the form you need)
http://www.kaktus.com (more forms)
http://www.urgentbusinessforms.com (ditto)
http://www.standardlegal.net (ditto)
http://www.isoldmyhouse.com/forms.html (free contracts – excellent!)
http://www.prepaidlegal.com/newCorp/lrc.html (free contracts – all 50 states)
http://www.dora.state.co.us/real-estate/contracts/contrcts.htm (free – Colorado contracts)
http://www.kcig.org/custom/index.cfm?id=19423 (more free forms)
http://www.lawfirmsoftware.com/free/forms/real_estate (creative forms)
http://www.eHow.com (then follow “finance” to real estate)
http://www.mortgage-investments.com/Real_estate_and_mortgage_Forms/form_fr.htm (free)
http://www.findlaw.com (find an attoney)
http://www.alllaw.com/forms/real_estate (sample forms/ lawyer search)
http://www.attorneyfinder.com/index.html (find an attorney)
http://www.attorneylocate.com/index.html (find an attorney)
http://www.legalscholar.com/links/realestateassociations.html (every lawyer on the planet)
http://www.turnpike.net/lawnet (questions answered free)
http://www.legalscholar.com/links/realestateassociations.html (law resource)
http://www.homefindersbulletin.com/docs/checklist.pdf (free tenant move-in checklist)
http://www.thelpa.com/lpa/free-forms.html?id=nyy2upaZ (free landlord forms)
http://www.banditsigns.com (bandit signs galore)
http://www.witnessdesigns.com (wide variety of signage)
http://www.webuyhousessigns.com (supplier of signs)
http://www.infotube.net (advertising signage supplier)
http://www.landlordlocks.com (one key for all the rentals)Forums & Networking
http://www.magicbullets.com/forum/ (my attempt to bring us all together)
http://www.creonline.com (creative investment)
http://www.MRLANDLORD.com (property management)
http://www.thelpa.com/lpa/index.html (landlord protection)
http://www.screeningservices.com/forms/grab-bag.shtml (free landlord forms)
http://www.lease2purchase.com (networking)
http://www.propertyinvesting.com/forum (positive cash flow)
http://www.camerondirect.com (clubs) Cameron
http://www.neodemesne.com (friend to all, R.E. investor resources)
http://www.naked-investor.com (lease-option forum)
http://www.creative-financing-solutions.com/hips.html (20 repair forums)
http://www.creative-financing-solutions.com/realestate.html (43 finance forums)
http://www.realestatelink.net/clubs.html (clubs & associations)
http://www.realestatepromo.com/InvestmentClubs/index.html (more clubs)
http://www.apartmentassociation.com (apartment owners’ associations)
http://www.creonline.com/clubs.htm (real estate clubs nationwide)
http://www.reiplace.com/clubs.php (clubs)
http://www.reiclub.com (more clubs)
http://www.bhg.com (ladies discussion, scroll to bottom)
http://www.property.com/news.html (newsgroups & lists)
http://www.realestateinvesting.com/investors-associations/search.asp
http://www.realestatetalks.com/index.php (real estate forum)
http://www.newyork.craigslist.org/about/cities.html (discuss & more)
http://www.gladwell.com/tp_excerpt2.html (networking triggers)
http://www.lease2purchase.com/php/letsnetwork/letsnetwork.php (do it)
http://www.realestatediscuss.com (forums galore) Michael
http://www.landtrust.net/cgi/yabb/YaBB.pl (land trust and creative r.e forum)More bulletin boards of interest (forums)
http://www.ownerwillcarry.com (owner financed homes for sale)
http://www.neodemesne.com/forum/index.php (r.e.investing resources)
http://forums.mjmls.com/ (wide variety of useful articles)
http://www.dealmakerscafe.com/forum/index.php?s=00fcd8ff1923e3457f2b6b1dfcf0986e& (solid community of investors at the dealmakers above)
http://www.mrlandlord.com (the best land lord site on the planet)
http://www.thelpa.com/lpa/forum.html (the next best landlord site on the planet)
http://www.mastermindforum.com/phorum/list.php?f=14 (jerry knows the mobile home game)
http://www.reotalk.com/ (foreclosure experts)
http://www.reiplace.com/newsgroup/list.php?f=1&a=2&t=37654
http://www.thecreativeinvestor.com/Forum-index.html (serious r.e.investment community)
http://www.realestatepromo.com/discussion (widely read bulletin board)
http://www.onlinerealtysales.com/p/forums (free listings, bulletin board and more)
http://www.creonline.com/wwwboard/index.html (the granddaddy of creative finance)
http://www.aireo.com/bbs/index.shtml (excellent texas based site)
http://www.propertysites.com/forums (well covered topics list here)
http://www.naked-investor.com/forums/index.php?act=idx (lease purchase and more)
http://www.moneycentral.msn.com/community/message/board.asp?board=YourMoney
http://www.lease2purchase.com/wwwboard/list.php?f=1&t=14524&a=2 (lease purchase)
http://www.reiclub.com/forums/index.php (quick offers and tons of resources)
http://www.realestatediscuss.com (good forum a little agent biased)
http://www.everythingre.com/phpBB2/index.php
http://www.realestateinvesting.com/cgi-bin/general/index.html (quality discussions)
http://www.groups.google.com/groups?hl=en&lr=&ie=UTF-8&group=misc.invest.real-estateWhy didn't your list include patrick.net, thehousingbubbleblog.com housingpanic or any of the other sites that are talking about the actual downturn that is actually underway that has seen YOY prices averaged across the US fall for the first time ever?
The following site lists just about all US real estate blogs (not just the ones that scam or provide false positive reinforcement, but also ones that tell the truth). Sorted by state too.
http://www.pittsburghhomesdaily.com/2007/04/09/750-real-estate-blogs
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