PropertyInvesting.com | CheevesFinancial | Activity https://www.propertyinvesting.com/members/cheevesfinancial/activity/ Activity feed for CheevesFinancial. Thu, 16 Apr 2026 11:48:32 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 27d40e2c091f5292e61d7d7c64e9744f CheevesFinancial changed their profile picture https://www.propertyinvesting.com/activity/p/296593/ Thu, 31 Jul 2014 21:16:30 +0000 4ef07bafe04652ab81fe9a8fdf2fde9e CheevesFinancial replied to the topic Industrial Properties Instead of Residential in the U.S? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4993245-residential-or-commercial-2/#post-4993296 Thu, 31 Jul 2014 19:28:18 +0000 The only problem with multifamily right now in your more popular MSA’s is that there is no inventory. I predict rental rates will increase annually at a faster pace then the typical proforma of 3% inflation until Q2 2016. Things should/have to quiet down and the trajectory should become less steep by then. That said, multifamily cap rates are…[Read more]

]]> 152fe37d35369f51ebbf77c3429fc78d CheevesFinancial started the topic Industrial Properties Instead of Residential in the U.S? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4993245-residential-or-commercial-2/ Wed, 30 Jul 2014 17:51:30 +0000 Hi everyone. It’s been a long hiatus for me on this forum but wanted to stop in to read some posts to see what is going on. I am working with a variety of investors from Germany, Australia, Singapore, etc. The common complaint I am hearing is property management and how recent buyers are not achieving gains they thought they would. One of the…[Read more]

]]> 2383088e7a0818e591042126b78561c4 CheevesFinancial's profile was updated https://www.propertyinvesting.com/activity/p/296513/ Wed, 30 Jul 2014 17:08:18 +0000 bb134784fbb4733f894cbf03b3f1c83a CheevesFinancial replied to the topic State of Florida Market - Freckle / Nigel / Anyone else in the forum Overseas Deals https://www.propertyinvesting.com/topic/4409229-state-of-florida-market-freckle-nigel-anyone-else/page/2/#post-4690113 Wed, 12 Jun 2013 20:03:39 +0000 W-W-WHAT??!!  Falkner, come to me with some respect my man!  I'm a real estate agent.  I NEVERRRRR EVER ONCE TOLD A  LIE!! 

Let's be clear as to who is capable of qualifying for No-Income loans.  NINA (No Income No Asset Verficiation) does NOT exist…ANYWHERE….IN THE WORLD!!  Unless it's hard money. .  SIVA does exist (Stated Income / Verify…[Read more]

]]> df581a9ee6356e4fbaf215773e67c7a9 CheevesFinancial replied to the topic North Dakota Hotel Suites 47% return p.a. in the forum Overseas Deals https://www.propertyinvesting.com/topic/4409475-north-dakota-hotel-suites-47-return-p-a/#post-4691830 Mon, 10 Jun 2013 14:42:58 +0000 Jay:  Perhaps it's a condotel?  But if so, in my condotel experience, the management company takes 40-60% of the revenues so I just can't see an ROI close to 40's. 

]]> fd286105d25ef2eee7bbc3a806f8ef57 CheevesFinancial replied to the topic North Dakota Hotel Suites 47% return p.a. in the forum Overseas Deals https://www.propertyinvesting.com/topic/4409475-north-dakota-hotel-suites-47-return-p-a/#post-4691827 Tue, 04 Jun 2013 15:16:54 +0000 Can't believe I'm saying this, but I agree with Freckle.. I kid, Freck!  What happens when the oil production stops or dwindles and we find other resources.  It's a game of hot potato.  I don't know if I'd necessarily burn the money though :-)

]]> 32bb2b125d8961ac47903f59f3fedcda CheevesFinancial replied to the topic TEXAS VS FLORIDA An Example of different US Property Markets in the forum Overseas Deals https://www.propertyinvesting.com/topic/4408495-texas-vs-florida-an-example-of-different-us-property-markets/page/2/#post-4684355 Wed, 29 May 2013 15:05:47 +0000 SunDirtWater:  Correct.  The cash on cash return would be surplus after debt and expenses.  Australians or foreigners for that matter won't get rates in the 5's….

]]> 5212401f175efdea2d734c041211f26f CheevesFinancial replied to the topic TEXAS VS FLORIDA An Example of different US Property Markets in the forum Overseas Deals https://www.propertyinvesting.com/topic/4408495-texas-vs-florida-an-example-of-different-us-property-markets/#post-4684352 Tue, 28 May 2013 19:08:33 +0000 Jay –
I agree with you that 14-17% net cash flow don't exist much unless in the dumps (we know what happens on pro forma vs reality).  I think Nigel was saying 14-17% Cash on cash which is reasonable.  From what I gathered he was saying 60% loans so your 14-17% ROI would be based off of the 40% down plus acquisition costs. 

Funny, someone said to…[Read more]

]]> b5e0e7fc8fdafc21f3457522adce2ef5 CheevesFinancial replied to the topic Has anyone had their property Foreclosed in the US? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4409412-has-anyone-had-their-property-foreclosed-in-the-us/#post-4691165 Tue, 28 May 2013 15:51:35 +0000 On the surface, I would presume this was a hard money deal.  If that is the case, then you can walk away with no recourse.  Of course you'll lose the deposit but if you are invested into a black hole, it's more of a business desision on your end. 

Management wants you to walk probably because they are tired of managing perhaps because of the…[Read more]

]]> 88fa14efc07f44d4cf8c42cac3c14147 CheevesFinancial replied to the topic State of Florida Market - Freckle / Nigel / Anyone else in the forum Overseas Deals https://www.propertyinvesting.com/topic/4409229-state-of-florida-market-freckle-nigel-anyone-else/page/2/#post-4690110 Tue, 21 May 2013 12:38:03 +0000 My brother's fund absolutely killed it the last 2.5 years in CA with hard money rehab funding.  They started exiting that market though about 4 months ago with concerns that prices are getting too crazy.  You see that too?  I've seen some files and it reminds me of each area I know the market.  Investors swooping in and OVERPAYING on almost…[Read more]

]]> 3902715774bbe920c40fb2d40ec1fec7 CheevesFinancial replied to the topic State of Florida Market - Freckle / Nigel / Anyone else in the forum Overseas Deals https://www.propertyinvesting.com/topic/4409229-state-of-florida-market-freckle-nigel-anyone-else/page/2/#post-4690108 Mon, 20 May 2013 02:43:48 +0000 Hinrichs:  You still sitting on your wallet?  When did they let you out ?  I'm representing a new ALF in town.  I have a room picked out for you, with a window.  Let me know if you're interested.

]]> 588fbc04decf310060f4e267c2718cd4 CheevesFinancial replied to the topic FRECKLE!! Hertz Global Relocates to Lee County FL in the forum Overseas Deals https://www.propertyinvesting.com/topic/4409307-freckle-hertz-global-relocates-to-lee-county-fl/#post-4690472 Thu, 16 May 2013 10:06:53 +0000 So Florida relies on external driving factors?  Yeah I can live with that.  Employment is always a leading indicator.  UP.  Population growth is typically 1.5% annually.  UP to 5% for consecutive years (although I don't think that's sustainable, I believe we will see 2.5% consistently until 2030)… Bankruptcy's DOWN.  Your chart on BK's certainly…[Read more]

]]> 431a8a4ddbae90ad3c01c7442f123a22 CheevesFinancial replied to the topic FRECKLE!! Hertz Global Relocates to Lee County FL in the forum Overseas Deals https://www.propertyinvesting.com/topic/4409307-freckle-hertz-global-relocates-to-lee-county-fl/#post-4690469 Wed, 15 May 2013 16:56:09 +0000 That's right.  Up to 700 "RELOCATED" in 2 year period.  That doesn't include the 300 jobs they are offering to the local SW Florida workforce.  I'm not going to really argue this point.  It's a huge economic shot in the arm to an area that shows a very promising future.

]]> a6f4f2a43b78575f6f5f275c7a0477de CheevesFinancial replied to the topic FRECKLE!! Hertz Global Relocates to Lee County FL in the forum Overseas Deals https://www.propertyinvesting.com/topic/4409307-freckle-hertz-global-relocates-to-lee-county-fl/#post-4690467 Wed, 15 May 2013 12:52:15 +0000 Freckle –
I can't even dignify your imbeselic responses sometimes and I've stuck up for you for awhile here.  You just proved to me you're just a troll.  Where did you read they are shifting 700 jobs from NJ? It will be less then that, but the overall job creation in FL will be well over 700 The president of my firm is on the committee for the…[Read more]

]]> 73b1518fa8ef1c06ac3b1ee69da8fd31 CheevesFinancial replied to the topic State of Florida Market - Freckle / Nigel / Anyone else in the forum Overseas Deals https://www.propertyinvesting.com/topic/4409229-state-of-florida-market-freckle-nigel-anyone-else/page/2/#post-4690104 Tue, 14 May 2013 02:18:01 +0000 Nigel:
I understand your bias, but with regard to the weather, it has holds very little weight.  Orlando is Disney.  The economic draw is positive and the trajectory arrow is pointing up like most areas of Florida.  You like it because you've been there and may be a fan of Buzz Light Year.  I am.. The weather comment is old and not once in the…[Read more]

]]> f7ff08d4394fdc755725fdac1bb54891 CheevesFinancial replied to the topic State of Florida Market - Freckle / Nigel / Anyone else in the forum Overseas Deals https://www.propertyinvesting.com/topic/4409229-state-of-florida-market-freckle-nigel-anyone-else/page/2/#post-4690102 Mon, 13 May 2013 13:17:43 +0000 http://www.usatoday.com/story/money/business/2013/05/07/hertz-headquarters-relocate-lee-county/2140561/

http://www.bizpacreview.com/2013/05/07/coke-announces-2-billion-investment-in-florida-citrus-land-67293

These are 2 articles where 2 major Fortune 300 companies are investing in Florida.  Where?  My own backyard.  This is very exciting for the…[Read more]

]]> 2afd78d64b006f2abf44402b7fe2fdda CheevesFinancial replied to the topic Calculating Value of Investment Property in the forum Overseas Deals https://www.propertyinvesting.com/topic/4409265-calculating-value-of-investment-property/#post-4690266 Mon, 06 May 2013 11:37:44 +0000 Hi Ziv,
If you send me a PM with your e-mail, I will gladly send it to you.  I sent it to Freckle to upload since I'm bad with Google Docs.  Thanks

]]> 8eb65629aeef246521868e3d3abbe701 CheevesFinancial replied to the topic State of Florida Market - Freckle / Nigel / Anyone else in the forum Overseas Deals https://www.propertyinvesting.com/topic/4409229-state-of-florida-market-freckle-nigel-anyone-else/page/2/#post-4690100 Fri, 03 May 2013 10:38:18 +0000 Freckle – Of course the numbers are based on projections.  If there was more of a guarantee then projections in real estate, everyone would be a bazillionaire.  There is calculated risk in investing.  I'm basing my inflation numbers off of a bell curve analysis of what has happened over 100 years and factoring that into trends I've seen over the…[Read more]

]]> cdec98c94407627830ffb8bffedf7cfa CheevesFinancial replied to the topic State of Florida Market - Freckle / Nigel / Anyone else in the forum Overseas Deals https://www.propertyinvesting.com/topic/4409229-state-of-florida-market-freckle-nigel-anyone-else/page/2/#post-4690098 Thu, 02 May 2013 20:55:35 +0000 For me, this spreadsheet would change on a client to client basis, depending on loan terms issued from the bank.  Unfortunately, foreigners typically won't get this deal over in the US.  You can, but it would take a lot of bending over backwards. 

I can customize any financial analysis for anyone.  This is just an example of how I do things on…[Read more]

]]> fa7dd564065fda90d226672c1f0224c5 CheevesFinancial replied to the topic Long term (25yr) fixed rate low interest rate loans? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4409219-long-term-25yr-fixed-rate-low-interest-rate-loans/#post-4690051 Thu, 02 May 2013 11:35:52 +0000 Ok, now I'm convinced you are either just pulling my leg or have been drinking….heavily..

But I'm baited to answer because it's kind of funny at this point.  SDW = SunDirtWater ….. 1 + 2 = 3. 

This doesn't make sense to you clearly because you aren't educated in finance or banking whatsoever.  To most on this forum who have knowledge, they…[Read more]

]]> d1ebd9a9b4ef481e6a4949c662df409b CheevesFinancial replied to the topic Long term (25yr) fixed rate low interest rate loans? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4409219-long-term-25yr-fixed-rate-low-interest-rate-loans/#post-4690049 Thu, 02 May 2013 06:38:27 +0000 SDW:  Do yourself a favor and just accept what I am telling you.  US CITIZEN…NOT US RESIDENT….NOT FOREIGNERS….NO NO NO….NO EXCEPTIONS.  Joel mentioned recourse.  It's called PERSONAL RECOURSE.  Your other property paid in full is not leverage with them.  This is my last response to this as you will just need to let it go.  NOT HAPPENING. …[Read more]

]]> 02ce8957ced26a632c0fe86cdbff9a09 CheevesFinancial replied to the topic Long term (25yr) fixed rate low interest rate loans? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4409219-long-term-25yr-fixed-rate-low-interest-rate-loans/#post-4690045 Thu, 02 May 2013 01:34:33 +0000 It DOES exist.  Everything you say exists!!  But only for U.S citizens!  Not a foreigner

]]> 4df745561947562aaafdf584be3f49ec CheevesFinancial replied to the topic Long term (25yr) fixed rate low interest rate loans? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4409219-long-term-25yr-fixed-rate-low-interest-rate-loans/#post-4690043 Wed, 01 May 2013 22:13:51 +0000 SDW:  Sure, I'd be happy to explain.  If anything at all, banks are only willing to give foreign national investors "commercial loans".  These loans are not condusive for single family homes.  The banks just don't have the appetite for it.  Also keep in mind that these loans are not available through your national banks ie.. Bank of America, Wells…[Read more]

]]> bab0c87ddad5ff173329a602fe5ea757 CheevesFinancial replied to the topic Long term (25yr) fixed rate low interest rate loans? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4409219-long-term-25yr-fixed-rate-low-interest-rate-loans/#post-4690041 Wed, 01 May 2013 20:37:44 +0000 The simple answer is no.  The bank will not provide any financing leverage to you if you have to use equity for down payment reasons on a different deal.  Now, if you paid cash for a house here and owned it free and clear..THEN went to a bank asking for a mortgage of about 70% Loan To Value, then it's a big maybe.  They would still want you to…[Read more]

]]> 7e5f1ff6c4a0110f8776c41c3bb63c04 CheevesFinancial replied to the topic Long term (25yr) fixed rate low interest rate loans? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4409219-long-term-25yr-fixed-rate-low-interest-rate-loans/#post-4690039 Wed, 01 May 2013 18:33:37 +0000 Fixed rate long term?  Doesn't exist.  Not even on commercial loans.  You can possibly get a 30 year amortized loan but for foreigners, I don't see a bank giving more then 5-7 years on a term.  This does not include Hard Money loans.  Only a fool would invest with hard money long term.

In the U.S, foreigners from Canada only are given commercial…[Read more]

]]> 6fb68669c6769c0f05791cb7f5633553 CheevesFinancial replied to the topic State of Florida Market - Freckle / Nigel / Anyone else in the forum Overseas Deals https://www.propertyinvesting.com/topic/4409229-state-of-florida-market-freckle-nigel-anyone-else/#post-4690094 Tue, 30 Apr 2013 14:39:35 +0000 I find myself to be technically inclined but I can't figure out for the life of me how to upload a spreadsheet to show my financial model.  Any thoughts?  Freckle:  If you want to PM me your e-mail, I can send it to you and then you can share your thoughts with the forum? 

]]> 1078704d97ff0eb2ed38b7a949bfdaa7 CheevesFinancial replied to the topic State of Florida Market - Freckle / Nigel / Anyone else in the forum Overseas Deals https://www.propertyinvesting.com/topic/4409229-state-of-florida-market-freckle-nigel-anyone-else/#post-4690092 Mon, 29 Apr 2013 12:59:21 +0000 Here's a small article on the F500 company being "lured" into the area.  My mistake, it's NOT a grant, it's an incentive.  It is different:  F500 Article

Freckle:  We can agree to disagree again on certain topics.  When you ask why these companies haven't previously entered the FL market and are looking now.  Well, they were looking in the past. …[Read more]

]]> 3d7dbbfa7d04bf0b700721973f30ea2a CheevesFinancial replied to the topic State of Florida Market - Freckle / Nigel / Anyone else in the forum Overseas Deals https://www.propertyinvesting.com/topic/4409229-state-of-florida-market-freckle-nigel-anyone-else/#post-4690090 Sun, 28 Apr 2013 13:59:27 +0000 Now isn't this a constructive thread??  Ok Freckle, let's give each other the benefit of the doubt and assume we each make good representations of our investing ideas.  I'm licensed in NJ and FL so anything I state is likely going to be partially biased toward those areas.  That said, I'm also a devil's advocate.  Candidly, I have a good business…[Read more]

]]> 7132e81cfc33fe6155b09fdabf208d92 CheevesFinancial replied to the topic NJ Multi Family Residential in the forum Overseas Deals https://www.propertyinvesting.com/topic/4408009-nj-multi-family-residential/#post-4680277 Fri, 09 Nov 2012 17:00:22 +0000 Across the boards, we are not seeing much buyer fallout.  However, loans with committments will need to be reinspected prior to closing.  So it's a small setback, but not something that will trigger a fall in prices.  Inventory is way low in Northern NJ and buyers aren't afraid of continuing to buy.  Just reporting what I'm seeing. 

I expect to…[Read more]

]]> d61ad4514d3ba6b613d212db72d6180d CheevesFinancial replied to the topic NJ Multi Family Residential in the forum Overseas Deals https://www.propertyinvesting.com/topic/4408009-nj-multi-family-residential/#post-4680275 Mon, 05 Nov 2012 13:57:47 +0000 Cap Rates are about 8% and real actual 8%.  NJ has always made good investment property being so close to NYC.  Hurricane Sandy will only increase demand in the housing market.  Hurricane Andrew and Hurricane Katrina spurned growth. 

]]> 9156201e200064525c831c3bc5702484 CheevesFinancial replied to the topic Cheeves that bet you talked about on Baltimore winning the series is looking promising:) in the forum Overseas Deals https://www.propertyinvesting.com/topic/4407860-cheeves-that-bet-you-talked-about-on-baltimore-winning-the-series-is-looking-promising/#post-4679193 Sat, 13 Oct 2012 15:49:36 +0000 I could have been a millionaire!!  Double edge sword because I am a die hard Yankee fan!  But at least I had something to cheer for if the Yankees lost the series.  Baltimore proved to be a tough team.  I like them a lot.  Yes, Giants got some luck.. Cardinals never die though so the NLCS will be a great series! 

I love this time of year.. Real…[Read more]

]]> 9d7b932defa3b9aa59b1f567db20b910 CheevesFinancial replied to the topic What I have learned about investing in the United States in the forum Overseas Deals https://www.propertyinvesting.com/topic/4407797-what-i-have-learned-about-investing-in-the-united-states/#post-4678826 Tue, 09 Oct 2012 17:05:38 +0000 In my experience the hot deals never come to market and would never come to this kind of forum or be looking for Off shore investors per se  the agent listing them would already have his buyers lined up. And of course some could be off shore but  most domestic.

Jay: You are correct with the above.  No such properties exist on a forum level with…[Read more]

]]> 7a11b174c32ed425d60dd951873205af CheevesFinancial replied to the topic What I have learned about investing in the United States in the forum Overseas Deals https://www.propertyinvesting.com/topic/4407797-what-i-have-learned-about-investing-in-the-united-states/#post-4678824 Tue, 09 Oct 2012 14:33:31 +0000 John USA Commercial –
Sorry, but I had to stop reading when you said 15-25% Cap Rates were do-able in FL.  What struck me harder was the fact that you said you work for Marcus Millichap.  I don't want to name drop here but I work with 2 of the biggest MM reps in FL, one in Tampa and one in West Palm Beach.  A good friend of mine is the analytical…[Read more]

]]> f2a1ca55579f770ecb5b80054522b09b CheevesFinancial replied to the topic What I have learned about investing in the United States in the forum Overseas Deals https://www.propertyinvesting.com/topic/4407797-what-i-have-learned-about-investing-in-the-united-states/#post-4678816 Mon, 08 Oct 2012 04:02:26 +0000 Nigel,
I am going to play devils advocate here and go based on what I am seeing as a MF broker myself.  I broker most of my MF in NJ, but do some here and there in FL.  A few questions and comments I have and please correct me if I misunderstood:

Foreign national financing at 60% and good rates?  Please point me to those banks.  I work with 3…[Read more]

]]> 2dd552c05615ed82210c9d6870bd8369 CheevesFinancial replied to the topic Humorous exchange with PM who is experincing his first and Last OZ owner. in the forum Overseas Deals https://www.propertyinvesting.com/topic/4407745-humorous-exchange-with-pm-who-is-experincing-his-first-and-last-oz-owner/#post-4678415 Tue, 02 Oct 2012 02:07:44 +0000 I have about a dozen OZ clients and I have a good relationship with them and in part I think it has to do with my brutal transparency.  I show them my own owner reports.  My property manager sits literally 20 feet from me.  In my 10-plex property, my rent comes in throughout the month, but I have faith in the tenants my PM puts in and I know I get…[Read more]

]]> ca99e373e3b659739de7b0ddf7ca9c0a CheevesFinancial replied to the topic investing 300,000 cash in the forum Overseas Deals https://www.propertyinvesting.com/topic/4407718-investing-300000-cash/#post-4678160 Wed, 26 Sep 2012 15:23:19 +0000 Invest in 2 Class 'B' properties, make about 6-8% yield in an area with good upside potential.  Safest thing going right now.  The Class 'C' market has been struggling if you can find honest property managers that can post their 12 month ACTUAL yields instead of their double digit yields on paper.  Over the last month, I have analyzed a C property…[Read more]

]]> ee98af89eb330d073fa67c8d9c91aade CheevesFinancial replied to the topic What would Steve say to $20k houses in derelict USA? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4407530-what-would-steve-say-to-20k-houses-in-derelict-usa/#post-4676781 Thu, 06 Sep 2012 02:22:48 +0000 Hi SparkyOz…when are you going to e-mail or call me??  :-) 

]]> b30b9449143a3ce62088423b261eea82 CheevesFinancial replied to the topic US Invest in the forum Overseas Deals https://www.propertyinvesting.com/topic/4407254-us-invest-2/page/2/#post-4674610 Sun, 02 Sep 2012 15:57:44 +0000 Jay:
I'll say this with a grain of salt.  I am originally from NJ and ended up in FL accidentally in 2002 full time after playing a stint in the minor leagues for the Red Sox (why you always hear me pitching about the new stadium :-)

I went to school all my life including all 4.5 years of college in NJ and studied Finance with full intentions on…[Read more]

]]> 962240ad6b730a23047be0ba31b61933 CheevesFinancial replied to the topic US Invest in the forum Overseas Deals https://www.propertyinvesting.com/topic/4407254-us-invest-2/#post-4674605 Fri, 31 Aug 2012 01:35:26 +0000 Ryan,
Where on earth do you make enough to cover all that overhead?  I am part owner of Weichert in Hoboken, NJ.  We are only a franchise, but our Weichert corporate office owned by Jim Weichert himself is barely this big!  Do you do real estate deals in NJ? 

]]> 7cbdb8be68d27b448666f5b21d659435 CheevesFinancial replied to the topic Vacant Property Security - Tired of Break In's ? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4407408-vacant-property-security-tired-of-break-ins/#post-4675884 Tue, 28 Aug 2012 20:46:02 +0000 SOLUTION!!  Sadly, I've done this before on my property.  On the plus side, IT WORKED!  Even had s red blinking light on it to appear real.

http://www.adorama.com/SVISC300.html?gclid=

]]> 8332675612edd8c9dd47a71cd44c6f71 CheevesFinancial replied to the topic Investor-friendly agents/brokers in FL in the forum Overseas Deals https://www.propertyinvesting.com/topic/4406561-investor-friendly-agentsbrokers-in-fl/#post-4669594 Tue, 28 Aug 2012 12:53:27 +0000 Hi TZ –
I am licensed… I carry E & O Insurance…I have never been named in a lawsuit…I have been doing this for over 10 years in the same location….I have always catered to investors and have a large international presence in FL and NY/NJ…..My blood type is Typo O Negative and I am handsome.  :-)   Feel free to reach out.  I only deal in SW…[Read more]

]]> b45e5a44c2bab33fc42a65d17623905c CheevesFinancial replied to the topic USA - Where to look/What it will rent for/How to buy in the forum Overseas Deals https://www.propertyinvesting.com/topic/4407455-usa-where-to-lookwhat-it-will-rent-forhow-to-buy/#post-4676362 Mon, 27 Aug 2012 15:29:26 +0000 Right Jay, but I was confused when Emma said she has never earned a commission in her life, but is a licensed agent.  I agree with your definition of a wholesaler.  By your definition, I am still a wholesaler :-)

I am also licensed and carry E & O.  Thankfully I haven't been sued yet :-)

]]> a5c831d33121acf7d249ba747d12af06 CheevesFinancial replied to the topic USA - Where to look/What it will rent for/How to buy in the forum Overseas Deals https://www.propertyinvesting.com/topic/4407455-usa-where-to-lookwhat-it-will-rent-forhow-to-buy/#post-4676360 Mon, 27 Aug 2012 12:34:15 +0000 however to even VAGUELY talk about real estate you need to  be licensed.

I must have missed when Donald Trump, Robert Kayosaki, Steve Wynn, and others who seem intellectual in real estate got their real estate license. 

I am a real estate agent because to even play  in real estate you have to be.

Huh?  Why?  I spend a ton of time in NJ and FL…[Read more]

]]> c5a6fcf63477aea0d24972b4d0729330 CheevesFinancial replied to the topic USA - Where to look/What it will rent for/How to buy in the forum Overseas Deals https://www.propertyinvesting.com/topic/4407455-usa-where-to-lookwhat-it-will-rent-forhow-to-buy/#post-4676358 Sun, 26 Aug 2012 23:20:55 +0000 Sorry Emma…Can't dignify your response.  It is entirely wrong.  Caveat Emptor is for everyone including buying through a local agent like you.  Sellers are sellers.  You just happen to represent a seller or have the audasity to say you represent a buyer at a seller's expense.  Either way you are looking to make a commission, right??  Only a…[Read more]

]]> e822c66ab47304c4c23d69bcf8a077cd CheevesFinancial replied to the topic USA - Where to look/What it will rent for/How to buy in the forum Overseas Deals https://www.propertyinvesting.com/topic/4407455-usa-where-to-lookwhat-it-will-rent-forhow-to-buy/#post-4676354 Sun, 26 Aug 2012 17:49:09 +0000 Emma,
I kinda stopped reading after you said stay away from wholesalers / flippers.  Technically, most wholesalers are flippers.  I am a wholesaler and I "flip" product and there are a lot of us out there, yes some ripoffs I have seen.  As a wholesaler, I'll take a loss on one property just to clear my books to earn it back the following week. …[Read more]

]]> a7c294e378db09d9be1b1cdbf20eda33 CheevesFinancial replied to the topic heading to the States! in the forum Overseas Deals https://www.propertyinvesting.com/topic/4407443-heading-to-the-states/#post-4676233 Sun, 26 Aug 2012 13:21:00 +0000 BMH & Mary,
<moderator: delete advertising> My suggestion is looking in the SW Florida areas at the moment.  Employment has made the biggest gain from a percentage standpoint out of anywhere else in the country, which is resulting in a legitimate housing recovery.  The best pricepoints to target ar $90,000 to $125,000.  If you are looking for $50k…[Read more]

]]> ba20816b9ce25b7ff5bb64406b848778 CheevesFinancial replied to the topic USA Property Update in the forum Overseas Deals https://www.propertyinvesting.com/topic/4407329-usa-property-update/page/2/#post-4675177 Fri, 17 Aug 2012 14:03:02 +0000 TZ:
That looks good on paper, but I am a huge skeptic on condos involving an HOA which they all have.  Furthermore, the one's I am most skeptical about are those built during the boom years.  The reason is because in most cases, these units were bought by speculative investors.  Most of them lost them in foreclosure and seems like there are some…[Read more]

]]> e7d414d581dc259a18c157d7605e7af2 CheevesFinancial replied to the topic USA Property Update in the forum Overseas Deals https://www.propertyinvesting.com/topic/4407329-usa-property-update/page/2/#post-4675171 Thu, 16 Aug 2012 12:42:21 +0000 Hi TZ: 
I stand by 8% actual yields.  I can put together a pro forma based on fixed expenses, allowances, actual rents and come up with a 12% yield.  Look deeper into the thread.  Lehigh Acres duplexes are not warzone.  Affordable housing, yes, but hardly a warzone in comparison with warzones I see elsewhere.  I have documented ACTUAL yields in…[Read more]

]]> 62bd8c4424fd2daecad23fdd8682c0f4 CheevesFinancial replied to the topic USA Property Update in the forum Overseas Deals https://www.propertyinvesting.com/topic/4407329-usa-property-update/#post-4675165 Wed, 15 Aug 2012 13:15:49 +0000 WI:
The market is undoubtedly getting better, but I will say that there has been some skeptisism in some markets.  Why are investors buying?  High yields in cheap areas?  What do those cheap areas have to offer?  You are now an affordable housing investor.  Historically these are cash flow homes with high risk and very little hope for capital…[Read more]

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