This has been a good topic thanks guys.
Most people can see that investing overseas is riskier than local and limit their exposure accordingly.
Winning points in an argument is fine but a bit of empathy goes a long way in life.
lawsjs wrote:Freckle wrote:lawsjs wrote:Firstly I don't see AlexSC as making out the US is easy – quite the reverse in fact. And he knows what he is doing as far as I can tell. LawsjS You are correct it is not easy but this is my business and my job .I also own all 3 companies. The point I was making to frickle ( yes I am spelling it that way ) is I am simple but yet run this business with hands on experience not charts and graphs..Your comments regarding the laxity of grammar and niceties of the English language are probably better directed to the US education system than Alex. My wife and I are both College educated but my spelling is horrible with out proof reading.If my wife and office staff not around ..Opps we do have quite a bit of mistakes. I usually do have the wife or the office staff check thins for me. Problem being no one keeps the hrs I do. So things do slip by spelling or grammar.
One of my pet areas of humorous US/English anecdotes (Where in the world would we be without spelling or grammar? – Why America of course!) but that in no way suggests the writer is in any way ignorant. Having proof read (and indeed read) agents writings from around the world for years I would say that quite possibly one of the least important skills an agent/rehabber would have is English boarding school literary etiquette:) So true my best friend has 3 masters degrees and I call him Dr Brown. He is a school teacher working with troubled kids. The problem is he barley makes enough money to cover his bills monthly. I know this because I just paid for his house to get rehabbed and set loan payments over 10 years for him to pay me back. Just a side note I can make more money in one month then he can in one year.I do believe his spelling and grammar are much better then mine.
Whilst not as bad as the US, one thing amazes me in the UK is how poor many of the RE ads actually are from a grammar/spelling point of view. If you can't write it correctly when you grew up in the UK and sell £10-30m properties for a living in W1 then what hope does a hard working guy from NY/SC have??? I have a marketing and staff to make sure anything I send out is more professional I grown up what we call blue collar. Hand shake and hard work is the way to succeed not the fancy world we live in now. So yes I wont be a professional writer any time soon. Financially for my self and many of my clients what I do works well. From my work ethic and understanding of real estate.
Secondly, your graphs etc above seem to show you have little understanding of my post and probably less of the US market in general. A problem a lot of foreigners have with the US is understanding volume. Vast volume. Development is far more laissez-faire in the US than Oz, indeed almost anywhere I can think of. In Australia we have a severely controlled/limited amount of development allowed – when compared to the US in particular. Our developers build hundreds at most, US developers do thousands at a time – each! Very good point most don't truly understand what is going on here like you have explained..
Which is exactly why the US has such huge boom/bust cycles – S&L and later Sub Prime. I don't think many Australians really appreciate exactly how controlled we are as a society, but particularly in real estate development the controls are many and varied. This is exactly why Australians looking at the US market should treat buying there with all the respect and care that playing with a nest of Death Adders would involve – it is not as cuddly and 'nice' as our little market at home… This is not for the faint of heart and every one just jumping in. There are alot of pitfalls that, most are missing and not understanding. Sure there is money to be made and long term cash flow for sure . Flip side a few bad deals can ruin some one. Education is the key as with anything in life ..
Lawsjs hope all is well look forward to meeting either in LA or Australia. Trying to get things worked out to get over their. My next trip is to Kuwait .Then I think Singapore and Malaysia and in between their a trip to Australia . Yes easy work LOL 7 days a week and as many hours as I can stay awake for me.
Talk soon
30 to 40% of all US single family homes have no debt. And with tHe US IRA investor paying cash for rentals plus all the foreign cash purchase,s the fed Fannie Freddie become less of a factor
As well as what I am seeing with my new construction sales in the last year. We are seeing many cash sales and or 20% down very few FHA . Could just be our particular projects. However thenbottom line in my mind is the market will stabilize and in a very positive manner
Jay has a good point, it's hard to make the same mistakes with so many homes in the inventory being bought with cash and IRA's. Funny u (since when was grammar on the forums so damn important, i use U instead of YOU cause my Generation is more tech and social with how we communicate. Thanks Twitter,
hash tag #) mentioned the IRA's, i went to a seminar this weekend about it with my Real Estate agent. Real estate is by far the safest bet compared to stocks and bonds. I haven't invested in he market since 1999, just to damn crazy for me. The Gov and there mess with Fannie and Freddie has to do lot with how they perceived everybody deserved a home and part of it was greedy banks and mortgage brokers. Is it me or does it seem like the run of the mill broker died with the bubble burst.
I like what the freckle posts, but man, u can be a Debbie Downer. At the end of the day the market is low here and the investments i buy make me and my investors money. The first golden rule is buy when the market is low, Warren Buffet would agree with me on that
.Make fun of our grammar and education system, whatever mang! U can hate all u want, i'm hater proof.
All spelling errors in my posts are intentional
Sure they are…….
heck ya Alex! i make no apologies for my tattoos!
Freckle= Legend hahahaha
That guy smashes everyone.
Very entertaining stuff.
Its good to see some negativity also. I agree there is a lot of pumping like " I do this and I do that" so I also better start with the ''I do's"
Enjoy your day.
EngeloRumora | Ohio Cashflow
http://ohiocashflow.com/
Email Me | Phone MeF@#$ THE REST WORK WITH OHIO CASHFLOW TO INVEST
Debbie Downer hahahahahaha
I love that one
EngeloRumora | Ohio Cashflow
http://ohiocashflow.com/
Email Me | Phone MeF@#$ THE REST WORK WITH OHIO CASHFLOW TO INVEST
kylermrice wrote:I like what the freckle posts, but man, u can be a Debbie Downer.My wife says the same thing albeit more to the point LOL
About 10 – 15 years ago I progressively grew tired of the hype, twaddle and absolute BS that people would waffle on about. At a pub a bar a BBQ or whatever. I’m not sure why but I progressively began to challenge people about what they were saying. Most people don’t like to upset others by making them look like a fool. I have no such qualms.
I drew a line in the sand eventually. If what you were saying was illogical, repetition of misinformation or just your regular BS then I’d challenge you on it come what may.
So yeah I may be a Debbie Downer but if you come to me you get the real deal not hyped up window dressing so I can be one of the crowd. I’ve got enough mates and we don’t back slap each other or p!$$ in each others pockets for the sake of friendship or to impress one another.
The Freckle
LOL, nice. I was starting to wonder if you were really here to rustle feathers or be the NEWB investor savior!
kylermrice wrote:Jay has a good point, it's hard to make the same mistakes with so many homes in the inventory being bought with cash and IRA's. Funny u (since when was grammar on the forums so damn important, i use U instead of YOU cause my Generation is more tech and social with how we communicate. Thanks Twitter, hash tag #) mentioned the IRA's, i went to a seminar this weekend about it with my Real Estate agent. Real estate is by far the safest bet compared to stocks and bonds. I haven't invested in he market since 1999, just to damn crazy for me. The Gov and there mess with Fannie and Freddie has to do lot with how they perceived everybody deserved a home and part of it was greedy banks and mortgage brokers. Is it me or does it seem like the run of the mill broker died with the bubble burst.
I like what the freckle posts, but man, u can be a Debbie Downer. At the end of the day the market is low here and the investments i buy make me and my investors money. The first golden rule is buy when the market is low, Warren Buffet would agree with me on that
.Make fun of our grammar and education system, whatever mang! U can hate all u want, i'm hater proof.
Kyle
Punctuation is important.
Let's eat, Grandma!
also dont forget to use CAPITALS.
Can you help uncle Jack off the horse?
Can you help uncle jack off the horse?You are a sick puppy KO…
Unless of course you meant to capitalise the Uncle Jack, rather than just uncle…
Enjoy the sandpit Alex, no doubt catch up to you somewhere around the world….
First off it's Kyler! Not Kyle. I put that period at the end of that for you buddy.
Really…
Let's eat, Grandma! So what is it telling me that that i made sure it was capitalized and had that exclamation for the emphasis on let's eat. let's eat, grandma! Can be understood just as easy, i post from my phone or tablet most of the time on the go. If i was writing a formal email for somebody then I would be more worried about it. Texting or hash tags is quicker and more to the point for me and is mixed in with how i write now. Sucks that it bothers u that much i guess. It is just a forum. Reminds me of my English teacher "you can't always say the correct thing but you can always have proper grammar and spelling" Ok, Maybe that's why i have always been better at speaking to people than conveying through writing.
Can you help uncle Jack off the horse, lol.
Really…
Making sure that was capitals on that one was a big mistake, sorry bro.
I'll try better, I promise
Can you help uncle jack off the horse?
Well played by something a creeper would say, that is pretty sick, lol.
Same here, enjoyed this one tremendously (didn't know this place had so much spike & venom hidden in its midst, this is just like big brother, only you get to watch it while you work without feeling guilty…
))Ziv Nakajima-Magen | Nippon Tradings International (NTI)
http://www.nippontradings.com
Email Me | Phone MeZiv Nakajima-Magen - Partner & Executive Manager, Asia-Pacific @ NTI - Japan Real-Estate Investment Property
KnoxOff wrote:kylermrice wrote:Jay has a good point, it's hard to make the same mistakes with so many homes in the inventory being bought with cash and IRA's. Funny u (since when was grammar on the forums so damn important, i use U instead of YOU cause my Generation is more tech and social with how we communicate. Thanks Twitter, hash tag #) mentioned the IRA's, i went to a seminar this weekend about it with my Real Estate agent. Real estate is by far the safest bet compared to stocks and bonds. I haven't invested in he market since 1999, just to damn crazy for me. The Gov and there mess with Fannie and Freddie has to do lot with how they perceived everybody deserved a home and part of it was greedy banks and mortgage brokers. Is it me or does it seem like the run of the mill broker died with the bubble burst.
I like what the freckle posts, but man, u can be a Debbie Downer. At the end of the day the market is low here and the investments i buy make me and my investors money. The first golden rule is buy when the market is low, Warren Buffet would agree with me on that
.Make fun of our grammar and education system, whatever mang! U can hate all u want, i'm hater proof.
Kyle
Punctuation is important.
Let's eat, Grandma!
also dont forget to use CAPITALS.
Can you help uncle Jack off the horse?
Can you help uncle jack off the horse?5 11 am here ,and I started laughing reading this woke my wife up. This is so true. Kyler me and you do not justice for Americans with our typing and Grammar. Well of to the gym but this was to funny .My wife heard me laughing. After all these comments this is one of my all time favorites.
lawsjs wrote:You are a sick puppy KO… Unless of course you meant to capitalise the Uncle Jack, rather than just uncle… Enjoy the sandpit Alex, no doubt catch up to you somewhere around the world….That is one of the coolest thing about real estate is the travel. This coming year will be in London , Singapore , Malaysia , Hong Kong , Kuwait , ( Australia still trying to make the trip there)
For Australia Adelaide , (Perth ) ?, Sydney , Melbourne so far just trying to figure out how many days I need to be in each place.
lawsjs wrote:You are a sick puppy KO… Unless of course you meant to capitalise the Uncle Jack, rather than just uncle… ….he he he. Uncle/Auntie Jack lives in an apartment building I had a unit in and lived in for a while. Just sold that one in fact to buy a 4unit in Belmont Shore Ca. One of my all time favourite properties – sorry to see it go.
Like your work – he would have appreciated the joke!!
hash tag #) mentioned the IRA's, i went to a seminar this weekend about it with my Real Estate agent. Real estate is by far the safest bet compared to stocks and bonds. I haven't invested in he market since 1999, just to damn crazy for me. 
.
))
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