My USA Property

Any company that wants to charge these sort of membership fees, fees for accessing contact lists etc need to be given some serious thought.I’d stay well away from them.

My 0.02 worth

Hi Kurnster –

I have just returned from Michigan where I have been investigating the property market.
I am just speaking from my experience only, but after some time of researching the different options available, reading forums, and lots of comparisons of the various buyers agents and tours,  I decided to jump on the 'Cash Flow Gold' tour.  You can google their website.

The reason I went with this was that there was a once off tour fee that you pay and you get access to their network of people already established there.
I was a little bit sceptical at first, but thought the only way I was going to find out was to do the tour and see for myself.  I was also hesitant about what the market in Michigan was going to be like, but again, actually being there put it all in perspective.  Yes, there are definitely some areas to avoid, but being on the ground really put it in perspective. 

I was very pleasantly surprised.  Part of the process is setting up your LLC and bank account and then meeting all the networks (accountant, foreclosure agents, rehab team, property management team etc)…
Then we spent several days looking at different markets and properties (in different areas depending on your focus/interest).  There were even a few properties that I'd researched myself that they went out of their way to show me.

At no time was there any ever pressure on the investors on tour to buy or use any of the services offered – it was purely up to the individuals.  Basically it gives you the tools – and then its left for you to decide whatever you want to do.

For me and what we're looking for, this was a perfect solution.  Yes, they make a small amount of money on the tour fee, but I was more than happy to pay for that as it gave me peace of mind and pretty much the company has done all the leg work for you by accessing their network.  They also have a long distant buyer option available. 

Everything else is totally  transparent – no hidden charges, fees, commissions.

I found out this morning that one offer has been accepted on a property that I put an offer in on, with another 2 offers pending so I'm happy about that after being pipped at the post and missing out on a few initial properties I offered on.

Am happy to answer any questions for you, and I'm sure there are plenty of good options out there, but I am purely just speaking from my experience – which was successful.

Cheers,
Reme

Hi Roxy 3

I would also like to know how your property purchase through myusaproperty has been in hindsight. Have you got tenants, where did you buy, did you get finance in the US, how long did it take

Thanks

Hi
I would love to hear how you go. We are going through this process as well. We’ve just been trying to do some due diligence on the areas that ‘my usa property’ focus on. Are you buying sight unseen – or have you been over to the USA at all to look at the areas that they buy in?
Many thanks.

Hi Rick
Many thanks for that. It is reassuring to know other people are doing the same thing. We have never bought sight unseen before and are used to controlling some of the variables so this is very new (and daunting) for us. I’ll be ken to hear how it goes for you. I will post how we get on as well.
Cheers
Elisa

Hi Rick,

would you be able to give me your My USA Property contacts name? My dad is in Kansas City Missouri and has a property management/reno/acquisitions company and is looking for Australian representation to sell some of his own stock. Would like to talk to some one in My USA Property and see who takes care of stock/acquisitions. Do you know? Returns sound about the same and i think my dad is even concidering partial seller finance which might sway my US Prop….

Thanks in advance!

I am a real estate investment broker in Kansas City, Missouri.  My USA property and I have been in contact and they seem to have a pretty good idea of the market.  The Kansas City market is one of the most stable in the U.S.  Unemployment rates are 2% below the national average.  It has also according to the US census bureau grown at a rate of over 9% over the past 9 years.  The city is headquarters for 10 fortune 500 companies and has alot of new infrastructure going on at this time.  There are  other U.S. cities that have similiar returns, but  their cities are in declining markets where capital gains may never exist.  I am very pleased with my investments and see many properties on a daily basis,  hopefully this helps.  I have used http://www.bigpropertiesllc.com to purchase some unbelievable deals.

Hi MJ,

I went to the link you had up and had to laugh. I saw a familiar property advertised. It is one I put a deposit on through My USA Property last week. IF 2 companies are promoting it it must be goos huh ??

Hi Rick,

I am very pleased with the properties I have obtained using that site. 

MJ

Hi RickH and everyone,

Thank you for the contact, i will contact Tony shortly and have a chat with him regarding possibilities.

It's great to see so many people investing in Kansas City first of all. The city i believe is a truly stable economy, it's stability is due to a few different circumstances.
1. It is home to as mjcantrall said to a few of the fortune 500 companies and also Hallmark (which is not seen as a F500 cause it is privately owned by the Hallmark family)
2. The city is a family friendly city, focusing on lifestyle and entertainment having just spent i believe over 4 billion dollars in city upgrades of which a large chunk went into the entertainment district. Funnily enough it's also known as the BBQ capital of America(how very Australian) and it also has second only to Rome, more working fountains than any other city in the world.
3. It is often seen as the logistics hub of America, one reason that KC is such a stable economy is that not only does it have it's own business and economy but it caters as a logistical center for transport from East to West, North to South shipping product all over the country and is being upgraded with a new highway to introduce more flow through business from Texas. This and the so called Super Corridor system from Canada to Mexico is being built right through KC so over the years KC is only going to grow larger and larger due to this. check out http://www.kcsmartport.com/and have a look at their video on KC and it's future.

There is a great rental demand in Kansas City due to the fact that no one can borrow money and banks especially don't write loans for under 100k cause they don't see it as financially worthwhile whilst KC properties are often under $60k making nearly half the population there a renter by default unless they have cashed up.

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Ok back onto Kansas City Missouri. From an investors point of view Kansas city prices are fantastic because they are widely under marketed at the moment for the size of the city. Living costs in KC at this point in time are 20% below the US average giving them room to grow where as many other places where very overpriced such as Florida and Nevada in my eyes and so i doubt will reach the highs they had a few years back for many years. Where as prices in Kansas City are from my point of view more inclined to experience a steady rise year after year because of the cities growth and the stable local economy.

As mentioned, Kansas City is not the boom/bust type of market, it is a trading business central which gives it slow but steady annual growth bursting with real value, not empty ballooning prices like in other areas of the US.