further research for USA investing.

I too have had contact with buykcproperty. They had a property that was well priced and looked to be well presented (from pics i saw, didnt see in the flesh), but as per previous post it was gone before i made a decision on it.
They appear to know their local market very well indeed.

Those prices you quote are wholesale as is, the houses then need to be rehabbed, However I could not agree more the Toldedo example I would bet they have no more than 20 to 25k into the house and the seller is making a huge fee. Plus Toledo is dead. If one were to pay 62k for rental you will have paid far more than true market value that being what Local investors will pay for rentals.

sounds like your dealing with reality and not fantasy,

10% NET return is much more realistic than 17% or 18% or 20%..

Like I have posted it amaze's me how intellegent the Aussie investor is on our market.

then they totally fall down on the fact that there are on going maintenance expenses and vacancies. I guess its wishful thinking.

Vegas could be a 10 year market. I am looking for a property personally there right now as my kids live there and bought a great deal a house that was 1 mil they picked up for 330k and put about 50 into it. but it would only rent for 1500. You need to be careful in vegas as there is a lot of downward pressure on rents because there are so many vacant homes.

I agree with your methodoligy in what your buying, I do not and have never liked Condo's though the HOA;s kill you and god forbid there is a construction defect lawsuit that renders your property un saleable and un able to finance. Right now there are just too many great buys to be looking at condos in my personal opinion, Unless of course your going to use it personally then they can be a good choice, Just make sure the HOA is rock solid.

At the end of the day though your selling a property, your making some money somewhere your agents are making a commission and you have no vested interest in the property after it close's the buyer is on their own with the property manager
This is the critical componant of any rental investment in the states And luck and circumstance play a big role. YOu can get a good property manager and you can get a bad one this will determine the success of the investment, any one can source US properties heck there are millions for sale. its the long term management thats the key, and setting up realistic return expectations.

Its amusing to see those who bought poperties share their veiws here when they have gotten one or two checks. I would like to hear from people that have gotten check 38 or 52. and how their expenses have tallied up over the years thats the true test of a rental not the first 6 months or year.  YOur still in the honeymoon stage.

Good luck on your company and again us US tax payers deeply appreciate the Aussie investor bringing their money from AU to America where would we be if not for this investor class buying up our low end properties? Its huge for the economy. Just think of all the houses that get rehabbed thats putting some carpenter to work. that is bringing business to Home Depot and Lowes
selling our durable goods and appliances. And in a lot of neighborhoods its stalling off the inevitable IE the houses will go through one more cycle then they will be abandoned and torn down or burned down as is the case in a lot of the upper mid west and parts of New York.

Now is absolutly the time to buy US property just be careful, check your demographics and do not be a pig on the return 7 to 10% return is the Norm for rentals over the long haul if your going to properly maintain them and have a few vacancies along the way.

As a US investment  firm I could not agree 1000% more, those who borrow against their personal residence to buy US properties on their own are going to have at least a 50% mortality rate.

Just ask yourself where are all these foreclosed hosues coming from, 50% from landlords that gave up becasue the expenses far exceeded what was represented and after loosing untold thousands gave up and let the bank have them.

And or stratigic defaults property lost so much value they walked.

Hi Jayhinricks,
You have to put it into perspective. We were thinking of building a $20,000 shed but instead bought a $20,000 house with a net return of $6000pa. It will be debt free after 3 years vs a car?

I have now sold my investment property in Australia and will pay off some debt, and then invest $200,000 and aim for a net $70-80,000 pa net return.
Now while I understnd the risk of putting all my eggs in one basket, they were in one (possibly overvalued) basket  in Australia before.
kind regards
George

Hi Rosa,

My loan is in Australia which I pay from my money here and I am keeping the rent money in the US with a view to bringing it back over when the AU dollar drops. Although it might be short term pain, if you can service the loan in Aus and keep the US money over there, it could pay off in spades if and when our dollar drops.

Dream on ,   ( and I do not mean to be rude) if one could make that kind of return the whole of the US would be weathly beyond dreams and Oz investors would never get a deal. Do you really think if you could make that kind of return that the US investor would not own every property avaliable. These are just not realistic or sustainable only in a sales brochure and in your wants and wishes.

Make the jump : what about US taxes. You wouldnt be able to claim any of the the loan against your income would you ?
I may be wrong as I have yet to to takle a US tax return …….

Starting to look like a no-brainer. Interest rates set to rise again in Oz. Lowest home sales in 27 years and talk of recession. If the USA could just borrow a few bucks off Steve Jobs, we could all breathe easy and buy more US property. Although, with the USA being flat broke, maybe we would better off just buying the whole country. $200 should do it. Anyone?

Am researching this crew, found this on my travels.

http://www.iipgusamls.com/ContactUs

Any opinions ?

Thank you
Marg