CheevesFinancial wrote:
I am writing this post because of a conversation I had with 2 of the forum members recently as well as a larger Canadian group I met with last week.  Grab a cup of coffee and I am looking forward to hearing everyone elses stories.With the surge of foreign dollars being invested in US housing markets, I have noticed a big…[Read more]

jayhinrichs wrote:
Alex, sounds like a seen out of Mayberry, right down to the fishing pole Nice living in the country,,,yet close to the city… thats the mantra here in Portland lots of semi rural ranches and farms. we can drive 5 minutes and be at farms were we buy all produce and fruit that is grown right there,,, jBerries are coming in…[Read more]

jayhinrichs wrote:
Alex, thats why I contend that those that have bought property with short term Vendor financing say 3 to 5 years.. and where told as soon as things get better they can refi… This is just not the case and is ABSOLUTLY FALSE… These 50k and sub loans have never been easy to get Unless they are owner occ. Or maybe second…[Read more]

TZ wrote:

Alex SC wrote:

Alex SC wrote:
So much talk about how USA or Australian  real estate groups are marking up the properties that we buy. So I can't speak for others, but I will speak for my company on how and why we do what we do. This is an example below: I am going to list a property and what we purchased it for. This is…[Read more]

emma171 wrote:
Ha – we do need to meet…. I remember being out one night in zip 89030 in Vegas at 44 degrees Celsius sitting in my now defunct little blow up pool looking the stars and thinking very, very very hard "what day of the week is this"…. it was the most wonderful, wonderful feeling to not know….If anyone reads this and works in…[Read more]

emma171 wrote:
I am constantly told by my NRA gun toting broker that imminent danger is upon. I have worked in the worst of zips in theory in Vegas by myself on all nighters and am decidedly the only solo white female in my little town home development in ATL and the only danger I face is either being converted to being a Baptist (unlikely,…[Read more]

jayhinrichs wrote:
Steamline:I think your experince is what most investors are going through be it foriegn or domestic.Gross returns are just phantom,,, its net return… then you add in your cost to come and visit excetra and your neg geared right there.Richard makes a great point… and one I made… there are very FEW if any Mortgage brokers…[Read more]

Pat007 wrote:
Hi Everyone,http://www.realtor.com/international/rdc/listing-detail/2130-Sugar-Creek-Falls-Dr-SE_Atlanta_GA_30316_6148761142?source=webBit of an exercise as i know people look at one place through very different eyes (Jay vs Kyler for example)Why would this be a good deal?Why would it be a bad deal?What is good about the area ?What…[Read more]

kylermrice wrote:
lol, a neck brace?

I am getting old and time to give up fight class. LOL thats the short version…

jayhinrichs wrote:
Alex,,, you are a lethal weapon

LOL I don't look so tough with a neck brace on …

emma171 wrote:
AlexCouldn't agree more. Every one of my investors gets to sit in a cafe playing with pipe cutters and sharkbite and they all go home with a souvenir copy of Home Depot 1-2-3…….having walked the aisles…. some practice replacing faucets and angle stops just so they SEE what it really entails.There is method in madness…  if…[Read more]

emma171 wrote:
My tenant…. One of my best tenants father passed on this weekend. She and her husband are two of the loveliest people and their kids go to private schools here in Atlanta…… I expressed my deepest sympathies having not that long ago gone through that agony. I didn't dare ask but she almost nonchalantly said he was shot by…[Read more]

LiamT wrote:
The strong rental demand in both Atlanta and Florida is good for getting tenants… What you have to ask yourself is what place is going to give you quality tenants. Crime rate is usually a good indication. Liam

Atlanta is a major City and Florida is a state . So that alone should separate the two of them completely . I think…[Read more]

jayhinrichs wrote:
TZFor certain the average OZ investor has no clue how dangerous our Ghettos are…And not sure how it is in OZ  IE are hand guns legal or not… But you just never know when some gang banger is packing a 9mm and is going to pop a cap into you…which usually leads to death.The number one cause of death to the African american…[Read more]

Pat007 wrote:
Hi Everyone,I know there are some tools Jay and Alex on the forum might use that those outside the industry cant lay their hands on in regards to crime rate statistics for cities / area's in the USA.However there are other tools and web sites out there, yet not all are useful or have current data.I'm aiming to get a list of the…[Read more]

zmagen wrote:
http://www.biggerpockets.com/renewsblog/2012/05/25/real-estate-in-singapore-housing-trends-invesment/Explaining the major differences (govt housing & control, leases & freeholds), brief capital trends history and future speculation)(part 1 – preface, environment, finance, mentality – http://www.biggerpockets.com/renewsblog/2012/05/1…[Read more]

jayhinrichs wrote:
http://www.sfgate.com/bayarea/article/Scourge-of-metal-pilfering-hits-parks-3692113.phpAll the things that effect the upper mid west and east coast have finally come to roost in SFthis is just incredible really

Rock Hill SC only 55k people and we have 3 new metal shops here in town. I asked the police here locally to set up a…[Read more]

jayhinrichs wrote:
If your trusting your investment to a 3rd party property manager then and your marketing company has no responsiblity to the properties long term running costs.then a physical inspection is warranted… Its really just rolling the dice on  these low end properties.. You could get lucky you could have a nightmare.

I always…[Read more]

streamlineinvesting wrote:
Thank you above for all your help and assitance. I talked to my property manager and she basically echoed what you have said above, that it is impossible to be able to obtain finance for a foreign investor. The only solution she suggested was to obtain a credit card with the bank account, and by doing so, build a…[Read more]

jayhinrichs wrote:
Joel,,,what do you mean something goes wrong with the property in one year….All the proformas from the marketing companies show little to no maintenance reserves and or vacancies are you saying something could go wrong?

in real estate things will go wrong.tenants do move out in the middle of the night lower end  rental…[Read more]