All Topics / Overseas Deals / The Truth About MY USA Property and Andrew Allan as depicted by 730 report

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  • Profile photo of jayhinrichsjayhinrichs
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    @jayhinrichs
    Join Date: 2011
    Post Count: 1,177

    WI,

    I looked at what you sent from TRR and there is address but no cities one would have to really hunt around to find those properteis, do they actually post FULL address?

    JLH

    Profile photo of Richard DaviesRichard Davies
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    @richard-davies
    Join Date: 2011
    Post Count: 63

    Just an updated on the My US Property front, still heard nothing from Mr. Andrew Allan since the email he sent just after the 730 report.  Regarding Youngstown property, which was the four units, I have renovated two but been struggling to rent them out.  It has been slow.  The plan was to rent those to out and use the funds to renovate the other two.

    I have still boarded up the Detroit property until further notice and have been trying to change the title over into my name, which it wasn’t for some time, and that has been a bit of a headache trying to pay for the title transfer through the Detroit Finance department. 

    So I guess things have stagnated somewhat.  It would be great to get the Youngstown property rented out which would fund renovating the other units and also Detroit but it has been on the market for at least a month and no bites.

    Thanks for all the feedback and encouragement over the past 18 months

    Profile photo of SMSF101SMSF101
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    @smsf101
    Join Date: 2012
    Post Count: 49

    Hi there! It's Brook here! Just dropping by to greet a pleasant day and a relaxing evening for everybody! I'm a newbie here and I am looking forward to learn more and share my experiences with you all! Thank you!

    Profile photo of jayhinrichsjayhinrichs
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    @jayhinrichs
    Join Date: 2011
    Post Count: 1,177

    Richard,

    Personally I would wholesale these properties and be done with it.  Your going to continue to feed them 

    with little hope of recouping new monies let alone original monies

    Profile photo of Richard DaviesRichard Davies
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    @richard-davies
    Join Date: 2011
    Post Count: 63

    Have been weighing that up Jay, the alternative is substantially  lowering the rent to get some tenants into the units and then use that cash to pay off the other renovations

Viewing 5 posts - 41 through 45 (of 45 total)

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