https://www.propertyinvesting.com/members/boughtwithequity/activity/ Activity feed for BoughtWithEquity. Sun, 12 Apr 2026 13:00:16 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 a2b771b03f8abb79a95f1efab73cb1d2 https://www.propertyinvesting.com/topic/4408494-precise-property-management-mo/page/2/#post-4684327 Sat, 22 Feb 2014 12:23:21 +0000 Sorry Rosa, some of us here are experts when it comes to inner city investing….we've been doing it for years…sometimes successfully and sometimes not.  Like you, my goal is to share and also learn in the process.  Whether you make your $35k/yr or $1 million, no one wants to go through what you went through.  I'm glad Precise paid you something…[Read more]

]]> 7369610f227744475889591c4f8cf36b https://www.propertyinvesting.com/topic/4408494-precise-property-management-mo/page/2/#post-4684323 Sat, 22 Feb 2014 00:19:46 +0000 Property management in the US is nothing at all like you would expect in OZ…same with the tenants.  Any house in any major american city under $30k is a ghetto or hood property by very definition.  There's money to be made in those areas….even complete cesspools like Detroit & Flint BUT in order to do so you MUST have someone boots on the…[Read more]

]]> 97b044b531a3c14e80992903f61f28fb https://www.propertyinvesting.com/topic/4410742-real-estate-notes/#post-4699502 Fri, 21 Feb 2014 23:33:49 +0000 Hi Erik, I don't know much about the notes business but you'll encounter some here who do.  Happy to network….

]]> 91cfd24fd8b48a3f81529fae80f9ab64 https://www.propertyinvesting.com/topic/4409941-can-you-have-a-commercial-lease-for-a-residential-property/#post-4694348 Sat, 25 Jan 2014 00:04:10 +0000 Do you Aussies have a federally mandated lease or lease form?  Is that what RTA is?

]]> 439d2e676565b57bb56742b0ad10bd18 https://www.propertyinvesting.com/topic/4384472-answers-to-where-to-find-cf-deals/page/25/#post-4542350 Sat, 25 Jan 2014 00:02:27 +0000 We currently have a similar rush on oil towns in the Dakotas in the US.  Without the oil, there's nothing there and there's a rush of builders throwing up hotel/condo deals.  It's like the college towns….even if the mine or oil/gas project is successful, every 5 years or so, they'll build something newer and the rents for you unit will decline…[Read more]

]]> 3461e36916f294727e8328dde748ddf5 https://www.propertyinvesting.com/topic/landlord-insurance-in-the-usa-finally/#post-4693251 Fri, 24 Jan 2014 17:30:24 +0000 We had those honor boxes where I grew up as well….used to buy our milk that way.  It's amazing to me what people will steal.  I was in a home in a very nice neighborhood in SW atlanta the other looking at a great house.  Some idiot stole about 20' of copper plumbing and the spigot at the basement shower….of course the water must have been on…[Read more]

]]> aa91d656ec7a4330d6d4e0ed40a1f603 https://www.propertyinvesting.com/topic/4410593-follow-the-advice-of-warren-buffett-or-not/#post-4698731 Fri, 24 Jan 2014 12:24:44 +0000 Very well put!  Knowing your market is key to success and not knowing it is the path to failure.  I too expect rate to move north here in the states and abroad.  A lot of investors are signing into ARMs which just make me nervous.  I would rather pay a higher rate and lock it now as rates are certainly going north.  Kate, you might want to look at…[Read more]

]]> 22aa2d47dfa28cec2dd7aae1e23c06c2 https://www.propertyinvesting.com/topic/4410510-first-financed-property-in-the-us/#post-4698133 Fri, 24 Jan 2014 12:11:53 +0000 Congrats on finding a financing source and working towards getting it closed.  I can't imagine any US lender doing a $20k loan…most have a $50k minimum as with anything less, I don't think they are making any money on it.  We do have a couple of private lenders who will finance 50% on our renovated & rented shared housing products and will…[Read more]

]]> 84344be4915a443643a214d587926568 https://www.propertyinvesting.com/topic/4410573-americas-two-largest-private-equity-firms-launch-their-foreign-national-loan-programs/#post-4698635 Thu, 23 Jan 2014 19:49:32 +0000 I can't pretend to well educated in high finance or the high jinx of wall street but I thoroughly understand how to find, repair, rent and turn properties.  Blackstone and the other hedge funds have run headfirst into what I said all along….residential single family home investing is a Mom & Pop business.  Now that they have purchased…[Read more]

]]> 5b298fb1dcac40be899a318fb1a4786c https://www.propertyinvesting.com/topic/4409992-renovating-for-profit-3/#post-4694632 Fri, 17 Jan 2014 15:55:44 +0000 I've been a life-long contractor in the states…4th generation actually….and I've done a few deals over the years where I essentially partnered with a hamstrung owner who needed to sell but needed the repairs completed in order make the best sale.  I have usually done these as a simple joint venture and we would usually agree on the "as-is"…[Read more]

]]> 1d89147d899f4fc051e3a796b0d68e7e https://www.propertyinvesting.com/topic/4410526-strategy-to-building-our-portfolio/#post-4698261 Fri, 17 Jan 2014 15:39:06 +0000 My .01 worth – having over $2million in secured debt would scare the crap out of me.  If I am reading this correctly, combined you have $200k in available funds annually.  I'd be looking for deals I could get into with the cash that I had coming in.  Be very cautious with the borrowing right now.  How much in savings do you have right now?  You…[Read more]

]]> c2162c03294597d6e9c546a69f253032 https://www.propertyinvesting.com/topic/4408396-investing-in-canada-as-a-non-resident/#post-4683551 Fri, 17 Jan 2014 15:28:15 +0000 I'm sure Canada is like any other market – if you are in the know, you can make money.  I haven't been there in years but I would think anything decent would be way too expensive to make any sense.  I'd be looking to your neighbor to the south…..USA to make decent returns.  There are several us who are very active in the states so there are…[Read more]

]]> cc9dca9709a451b4cede75e42ce0a817 https://www.propertyinvesting.com/topic/4384472-answers-to-where-to-find-cf-deals/page/25/#post-4542348 Fri, 17 Jan 2014 12:16:26 +0000 The beautiful thing about real estate investing is that there are so many different paths that can be pursued succcessfully…….the key is finding a niche that works for you and sticking with it.  Reading through this thread, you can pick up on strategies that works in 2006 that wouldn't work in today's markets.  Over the years, many of us were…[Read more]

]]> 6d9c648dbdc72bafcf6a710fba0e0be5 https://www.propertyinvesting.com/topic/4410551-seminars-4/#post-4698525 Fri, 17 Jan 2014 11:13:44 +0000 Why PM the name….put it right out here so it will educate others.  I am actually with Catalyst on this one….unless you feel you lack willpower – I'd take the trip and get a little free education in the process.  The smarter you get about investing, the better decisions you'll be able to make even with the use of a financial advisor.  Let us…[Read more]

]]> bc851b03ed3c49c04ffef82fe0fc8077 https://www.propertyinvesting.com/topic/4410539-not-long-now/#post-4698362 Thu, 16 Jan 2014 14:21:40 +0000 The Atlanta market is doing very well.  My contracting company does a ton of repairs for local real estate agents and houses listed in the north fulton, east cobb & smyrna/vinings area are selling quickly….and closing.  Alot of the homes we work on in north fulton are in the $500k to $750k range and the deals are closing….often with financing.…[Read more]

]]> 9c2efeb60321caffa3f4aa4d9ad30ce9 https://www.propertyinvesting.com/topic/4410523-help-needed-please-3/#post-4698240 Thu, 16 Jan 2014 14:15:03 +0000 From what I have heard, a ton of Aussies have jumped into this North Dakota nonsense.  Some will  make some money I suppose but it doesn't make long-term sense to do these kinds of deals.  Black gold is an interesting thing and there are lots of places in the US that boomed and busted over time when the oil ran out.  I wish those investors well…[Read more]

]]> dac3a2bdb51ead056e7cc94d9ae33d07 https://www.propertyinvesting.com/topic/4410546-leverage-in-australia-versus-all-cash-in-the-us/#post-4698445 Thu, 16 Jan 2014 14:01:06 +0000 What works in one part of the world, may not in another part.  A 10% return in the US is about unheard of except in pro formas….at least in Atlanta where my group works.  We are able to offer investor partners a 10% return guaranteed for 18 months on rented and renovated housing.  Examine each model and seller or investor partners carefully to…[Read more]

]]> 7191f876da5dbcd9af9733faae68bf60 https://www.propertyinvesting.com/topic/4410433-buying-5-investment-properties/#post-4697460 Mon, 30 Dec 2013 10:15:13 +0000 Joey, you're being offered a ton of good advice here.  It's great to have goals…truly is….but why 5 properties…….why not 20….why not just ONE!  Better yet, partner with an experienced investor in your area as cheap labor.  Like everything else in life, you will learn by doing and there is no better way to do so than on someone else's…[Read more]

]]> 951049473fc2c91f5ce07011d2464422 https://www.propertyinvesting.com/topic/4410463-getting-equity-to-buy-property-4/#post-4697694 Mon, 30 Dec 2013 09:53:25 +0000 Hard to say what you've done at this point with the information provided.  What's the 3rd investment property?  what's the cashflow on each of these units?  You might want to inquire with each of your current lenders what kind of deals they can offer you to consolidate all of the loans with one lender.  You can sometimes do that in the states with…[Read more]

]]> e858f3661c6fafc43c1e64b8dadee3a5 https://www.propertyinvesting.com/topic/4410300-made-in-america-a-new-model-with-a-common-sense-approach/#post-4696515 Fri, 06 Dec 2013 15:35:53 +0000 All  great point Jay.  Our foreign partners do get frustrated by getting rents after the 21st of the month.  Many of our tenants do pay by check now but our bank usually holds the funds for 5 to 10 business days…even though I believe by law they aren't supposed to hold that long.  I think 5 days is pretty standard now.  The longer time appears…[Read more]

]]> 4121409216509a1c31712898f6973b38 https://www.propertyinvesting.com/topic/4410305-where-in-vic/#post-4696557 Fri, 22 Nov 2013 12:33:13 +0000 If I had $400k to invest….I'm not sure I'd be doing it in Australia or be happy with 6% return.  Just me.  I'd diversify or at least look at several options abroad.  The west coast of the US, parts of FL or Atlanta where I am.  You can buy a renovated & rented unit for $60k to $80k with a net rent of 10% or take a little more risk and earn 10%…[Read more]

]]> 4212afaf7c4a4a6b812f634ac3f30296 https://www.propertyinvesting.com/topic/4410300-made-in-america-a-new-model-with-a-common-sense-approach/#post-4696511 Fri, 22 Nov 2013 11:00:35 +0000 I can't for the life of me imagining collecting weekly rents unless I lived in the unit.  I have a few renters that I let pay bi-weekly at a slightly higher rent.  With over 400 doors in the program now, it's tough enough running around town collecting what we've got.  Fortunately, most of these units are with private homeowners where we just…[Read more]

]]> dbcc2e49cdc54a394e54caee6e87bccd https://www.propertyinvesting.com/topic/4410300-made-in-america-a-new-model-with-a-common-sense-approach/#post-4696506 Thu, 21 Nov 2013 00:19:35 +0000 Is anyone doing shared housing in Australia?  I would think it would work there….it's interesting that rents are quoted there by the week. Is it collected that way too?  That would be a huge headache I would think!

]]> 2c9a11841d916e319524984ae6af46ad https://www.propertyinvesting.com/topic/4410300-made-in-america-a-new-model-with-a-common-sense-approach/#post-4696505 Thu, 21 Nov 2013 00:18:02 +0000 Yes, we rent the rooms separately to different people.  All of the tenants are thoroughly screened & vetted and we try to match them by personality & lifestyles.  It's pretty common around university towns.  I started switching everything I do to shared housing back in 2007 but I've been doing it off and on since college years in the late 80's.…[Read more]

]]> c4d5e3ed03efbbf239bbfa04fc7627cf https://www.propertyinvesting.com/topic/4404316-new-us-property-focus-group-free-to-join/page/2/#post-4652944 Wed, 20 Nov 2013 23:40:44 +0000 The above video link isn't working anymore but you'd have to have more money than brains to buy anything in Detroit…..now if they discover oil there…..you might have something then.  Outside  of that developing, you'd be pouring money down a rathole.  It doesn't matter where you are investing anywhere in the world, if you aren't in your local…[Read more]

]]> 3a2b294ab06ec560d89eaeaf05b8aa4f https://www.propertyinvesting.com/topic/4407253-integrity-property-investor-services/#post-4674582 Wed, 20 Nov 2013 16:30:20 +0000 Sorry for your loss Richard – I'll look forward to your future posts.

]]> 2f70f71c5696ada317748b311b3d3939 https://www.propertyinvesting.com/topic/4410218-wholesaling/#post-4695976 Wed, 20 Nov 2013 15:57:59 +0000 You might want to consider partnering with some with cash in your market and use you contractor expertise to buy & flip properties where you are located.  Doing anything at a distance is difficult at best.  You might find a program like ours where you can network and still make money in real estate without more than an investment of time on your…[Read more]

]]> 9af2e19c9a3ea0efa281dfe1d6d5b0ad https://www.propertyinvesting.com/topic/4410286-career-advice-please/#post-4696402 Tue, 19 Nov 2013 15:17:21 +0000 You definitely got some great advise across the board from the group.  You've got a great job which is going to be tough to replicate in the current economic climate.  Take a look at your life goals and what you are trying to accomplish while you are here. It's all over in the blink of an eye.  Money is important but so is enjoying your life.  I…[Read more]

]]> 2bb5dae5ab122b56342890af47cbee2d https://www.propertyinvesting.com/topic/4410260-help-i-am-a-new-investor-and-my-mind-is-boggled/page/2/#post-4696251 Sun, 17 Nov 2013 14:23:09 +0000 First off, you've saved up over $100k on a $60k annual salary….that's awesome.  2nd, you're here getting advice.  3rd, you're never too far along with any broker to sever ties and move on.  Erase that thought from your mindset.  She works for you…not you for her.  A good mortgage broker for investment property should own some of their…[Read more]

]]> 265a59de3fb31b31546e21b837a8448b https://www.propertyinvesting.com/topic/4409987-help-vendor-finance/#post-4694601 Sun, 17 Nov 2013 13:29:52 +0000 I wish we had the tenant bond here in the states.  Owner financing can makes sense on a couple of levels.  I have alot of partners here who offer owner financing as a short term option.  The tenants put up extra cash as "option" money – usually $5 or $10k that gives them to option to buy the property within a certain time frame usually a year or…[Read more]

]]> 95a61ebe3817406c7c9b621f63cd85e9 https://www.propertyinvesting.com/topic/4410210-buying-a-2nd-unit-in-the-same-complex-bad-idea/#post-4695922 Sun, 17 Nov 2013 13:17:16 +0000 I think it comes down to knowing your market.  In the US, I can usually pick up a very cheap condo or townhome that was a poorly producing investment property bc either the management was awful OR the owners had no idea what they were doing.  My favorite buy is the 2/2 townhome with a oversized living room or extra sunroom.  I turn that into a 3rd…[Read more]

]]> 1353d4ed80bd5411f77ad5fc219c5dd5 https://www.propertyinvesting.com/topic/4410276-non-dhanras-ip-but-tenant-is-in-the-army-and-is-being-relocated/#post-4696348 Sun, 17 Nov 2013 13:00:35 +0000 In the US we have – The Servicemen's Civil Relief Act – (SCRA) allows-a-service-member or dependent to lawfully terminate a pre-active duty lease under certain circumstances. If your lease contains a clause charging damages for such a termination, you may have to pay this amount. The leased premises must be used for dwelling, professional,…[Read more]

]]> b06f1bca1db0a7e1319005afe52b79ab https://www.propertyinvesting.com/topic/4410268-property-management-fee-structure-confused/#post-4696301 Thu, 14 Nov 2013 13:54:36 +0000 I've honestly never heard of anyone charging this way.  It is usually a percentage of the monthly rent here in the states…somewhere between 8 & 10% is typical.  Do you have a contract with them.  You should….and it should all be spelled out there for you.  I'm in the states so not sure about fortnight but I think it means every 2 weeks.  Looks…[Read more]

]]> a36d839a4efefb10cfe289f07b865c10 https://www.propertyinvesting.com/topic/4408539-finance-for-us-property/page/3/#post-4684899 Mon, 04 Nov 2013 20:00:44 +0000  Sorry all, the comment above was meant to post to a much older thread about wholesaler mark-ups and not for here.  Not sure how that happened.  The hedge funds will fail both at the rental game and the appreciation game..at least in my humble opinion.  Some already know it or there would be no reason to reach out to me to see how our  model…[Read more]

]]> 619d0c71e788905acc3bcc0c74f6adec https://www.propertyinvesting.com/topic/4410207-whats-your-biggest-property-investing-problem/#post-4695884 Mon, 04 Nov 2013 19:33:29 +0000 Time!  I need more hours to run through all of the deals that come my way these days.  I create shared housing in my market and have more renters coming at me than there is time to place.  I really could use another 12 hours in the day in order to balance biz & family better!

]]> 30692e607ab585c67236d4071bbc0f27 https://www.propertyinvesting.com/topic/4409626-partners-in-investing/#post-4692850 Mon, 04 Nov 2013 15:17:00 +0000 We JV with our investor partners all of the time and it works out well for all parties but we are almost always using cash.  Better returns are produced by leveraging and our partners appreciate the returns for passive activity.  What is it that you are looking to do?

]]> e48166f1c04f2445d2d8339f059c4f2e https://www.propertyinvesting.com/topic/4410217-renting-out-a-property-straight-to-the-tennet-with-out-the-real-estate/#post-4695964 Mon, 04 Nov 2013 14:47:59 +0000 A good property manager is worth their weight in gold any day.  If you are a nice person, especially if you are friends with the renter, you definitely need someone neutral and detached from the situation.  Otherwise, you will be prone to giving the renter a break or renting for less than market rent.  I manage a ton of my own properties because I…[Read more]

]]> cbb1c1c4ac04e88a335cb43b1302f1fc https://www.propertyinvesting.com/topic/4408539-finance-for-us-property/page/3/#post-4684897 Mon, 04 Nov 2013 14:38:38 +0000 Old but worth a couple of comments.  We all grumble about mark-ups on wholesale property but if the numbers work – who cares?  I buy from tons of wholesalers and I don't mind paying their mark-ups because they same me the headaches of making offers on listed properties that end up selling either in packages to hedge fund buyers or go for double…[Read more]

]]> 718db28bdd4e040d22e4d1fe2918b691 https://www.propertyinvesting.com/topic/4410191-list-of-property-spruikers/#post-4695789 Fri, 01 Nov 2013 06:00:31 +0000 A problem for many investors is simply comparing the various real estate investment groups that are out here.  I think the key to it is seeking a group offering the most security and a model where their real payout is based on their continued performance.  I've personally been involved in various types of real estate investing over the years here…[Read more]

]]> fe849c4a1a01094a2d278920525d051f https://www.propertyinvesting.com/topic/4409441-concrete-patch-and-paint-or-resurface/#post-4691405 Mon, 28 Oct 2013 20:18:06 +0000 I'm not sure how large an area you are talking about….or how many or how large the holes are…but you could patch the holes with regular concrete mix first.  Allow that to cure and harder…then clean & prep the rest of the concrete with a pressure washer.  Not sure this product is available in your market but I've used Quikcrete Concrete…[Read more]

]]> ba131008f0a8655c92c20ea38ac25d7b https://www.propertyinvesting.com/topic/4409803-tell-me-im-not-unreasonable/#post-4693778 Mon, 28 Oct 2013 19:40:53 +0000 With the advent of Ipads and the like, it's such an easy thing to walk through a rental, if you are the tenant, and shoot a video with all of the issues or damages.  This should be second nature for renters…..as soon as you rent the place, walk through and video EVERYTHING.  A picture or video is worth a 1,000 words.  You seem pretty bright…[Read more]

]]> a84c054965837d9c98c71bfb7749fabd https://www.propertyinvesting.com/topic/renting-out-separate-rooms/#post-4687080 Mon, 28 Oct 2013 17:17:22 +0000 It's actually worked so well for us that we created a business model around it and now create shared housing around the metro atlanta area market.  We also have been taking in empty investor homes and doubling or tripling the net return by renting the rooms and furnishing the common areas as shared space.  It's an effort to rent/manage but the…[Read more]

]]> 5fe1cbf427ca35812e311bfb2937a7b0 https://www.propertyinvesting.com/topic/4409722-its-possible-to-buy-house-for-a-dollar/#post-4693337 Mon, 28 Oct 2013 17:12:55 +0000 Sure you can buy a house for a dollar……Detroit has plenty of them and wholesalers there buy them and flip them back out for fat profits.  Real estate is fun and there are tons of profitable strategies but P.T. Barnum once said "a sucker is born every minute" or words to that effect.  There is much to be learned just from reading through this…[Read more]

]]> 58975e8f9abfd06eff3bdd4a4e953ad7 https://www.propertyinvesting.com/topic/4407346-georgia-buyers-agent/#post-4675315 Mon, 28 Oct 2013 17:03:20 +0000 LOL – I think Jay and I speak the same language.  Even in these challenging times, there is plenty of money & wealth to be created in real estate.  it's all about finding the right niche and riding that wave.  I've found mine and am loving the returns….although it's much harder to turn a 3/2 into a 4/2 with 4 separate renters…but it…

]]> db3e635f164bb7f0416db348ca8f52f9 https://www.propertyinvesting.com/topic/4410184-have-been-advised-to-buy-in-muswellbrook-good-idea/#post-4695757 Mon, 28 Oct 2013 17:00:02 +0000 No matter where you are in the world, why would you put that much into a property for so little return?? I'm with Freckle – you're paying for this advice?  I once invested a ton into an area that was a "sure" thing houses we were buying for $50k were headed to $250k shortly when a government facility was converted to mixed use.  It's been about 8…[Read more]

]]> 81be84df71b61bde81d52ae7ccdea8e6 https://www.propertyinvesting.com/topic/4410117-positive-or-negative-geared-property/page/2/#post-4695392 Mon, 21 Oct 2013 10:48:43 +0000 It's great that you are beginning to look at real estate investing at such a young age.  Just be very cautious with your borrowing and debt.  Very challenging times are ahead of us and what something is "worth" truly becomes what a cash buyer is willing to pay for it.  You don't want to be so leveraged that your house of cards comes crashing down.…[Read more]

]]> 10cba68a69511a9e96785fdd0e48fdae https://www.propertyinvesting.com/topic/4410150-is-structural-engineer-necessary-for-small-crack/#post-4695603 Mon, 21 Oct 2013 10:11:03 +0000 Our general rule of thumb with cracking brick is to get an engineer to take a look if the cracks are through more than 3 bricks and doesn't follow the mortar lines.  Very slight cracking is pretty normal on a 20 year old brick home.  In the states, particularly my market in Atlanta, we had an issue with builders covered over building debris rather…[Read more]

]]> 57ae8266039909ac3673d331312340c7 https://www.propertyinvesting.com/topic/4407346-georgia-buyers-agent/#post-4675311 Mon, 21 Oct 2013 09:32:31 +0000 Atlanta still has tons of deals but not a lot on the FMLS/MLS listing side of things unless you're looking at Clayton County & South Dekalb which the hedge funds have pretty much avoided, although lately, even they have started buying both of these areas.  The better buys will be found through wholesalers and -off-market deals.  Yes, the property…[Read more]

]]> 730c734900dfb0ef964769ac3d07da66 https://www.propertyinvesting.com/topic/4401586-property-in-western-suburbs-issues-with-builder-reputation/#post-4634428 Tue, 15 Oct 2013 21:39:27 +0000 It's pretty basic….if you are thinking of a builder and your potential bank or lender says "we won't deal with them", that's a pretty huge warning to go elsewhere.  Here in the states we often have local building boards, I wonder if similar things exists over there?  I'd start by checking with some local real estate agents and see what kind of…[Read more]

]]> 830c985b85ccd7ec1813508f9b41d9f7 https://www.propertyinvesting.com/topic/4409544-you-get-what-you-pay-for/#post-4692275 Tue, 15 Oct 2013 21:29:29 +0000 It comes with the territory I guess.  I often get it as a triple wammy….I'm a life-long contractor so I always get calls for free advice on projects and most often, projects gone bad!  I love the client who had our bid originally, used it to get a lower bid from someone else and then calls us back in to straighten out what the first chap…[Read more]

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