Engelo Rumora here.

It’s a such a shame seeing how dead this forum has become.

I remember the good old days of non stop “argy bargy”.

Time flies and times have changed I guess.

Anyway, 10+ years later and I’m still plugging away in the US.

Stopped counting at 1,000 flips and also running a property management company.

One…[Read more]

Time sure does fly.

It’s such a shame seeing how dead this forum has become.

I remember the good old days of non stop “argy bargy”.

I guess times have change.

Anyway, I’m still plugging away with my US real estate journey.

I’ll be back home in Australia one day but not yet.

I have a thousand+ buy, reno and sell under my belt…[Read more]

I was just referring to fellow Aussie’s being together in the US and never catching up hehe

I’m still stuck here lol

Thanks

Just skim the top of them please.

I want to have a clearer view of the islands in the distance hehe

I’m still here and plugging away lol

Also, moved for real estate

Fast forward 6 years and 500 deals later, time are good

Amazing opportunities here for those that want to work for them

Many pitfalls tho as it’s much shadier than in Australia

Thanks

Take your time and evaluate the people more so than the stats/demographics

Much success

If the property is producing cashflow without issues then just hold and buy more.

I’ve been based in the US for 6 years now and have done over 500 deals

Mostly renovating and selling but that was for the purpose of building up enough capital to buy and hold.

Cash is King and cashflow…[Read more]

How is mu condo doing?

I’ll need to come and visit again this year

Speak soon mate

Emma helped me with my Bahamas purchase.

Introduced me to key people and gave me solid advice.

She is awesome :)

Keep the dream alive and speak soon.

Much success

Every single day I speak to many folks from all over the world including a ton of Aussie’s.

And you know what?

They all share one thing in common.

They got royally screwed by shady US real estate investment companies.

I really don’t want this to be YOU so make sure to do a ton of due diligence on the companies you are looking…[Read more]

I wouldn’t touch it unless it drops by 50% lol

Just my opinion :)

My reply is “You are nuts” hehe

Even to this day and after 350 deals under my belt here in the US, I still sometime loose money.

It’s a different animal and it is pretty much impossible to make it work from afar.

Just my opinion :)

The operation he runs isn’t a money pinching gimmick and I think that his results speak for themselves.

His timing…[Read more]

Just saw this :)

Was only home for 6 days. Busy times here.

Where are you visiting?

Thanks

I hope you’re all having a great start to the new year.

Just want to let you know that your favorite investor in foreign real estate (me lol), is going to be in Sydney for the first time after 3 long years.

March 1st – 9th

I’d be happy to catch up one day and share some pointers on what TO DO and what NOT TO DO when investing…[Read more]

Thanks for your comment.

Loyalty, Honesty, No Greed and Respect are 4 things I live by and how I like to run my business. I also look for these traits in others. Unfortunately its very hard to find all 4 in people. We all make mistakes and the only ones that don’t are the ones not doing anything lol

Thanks again and have a great day.

I always try to perceive every experience as a good experience no matter how bad it might seem at first.

We learn more in times of trails than triumphs.

Thanks again and have a great day :)

Please read my story…[Read more]

I feel like Red Cross many days as I speak to tons of foreign investors that got screwed here in the US.

You would have to buy these properties very cheap in order for it to make financial sense right?

I had a few instances where it wasn’t even worth taking them for free lollol

Working on one now that we might pick up in the…[Read more]

Its Engelo Rumora here.

Not sure how many of you remember me but I use to be quite active on this forum.

Times have changed and its sad to see how dead things are on the overseas section.

Its also hard to believe as only a few years back it was very busy with a ton of heated debates.

Well, here I am today sharing with you guys…[Read more]

Its Engelo Rumora here.

Not sure how many of you remember me but I use to be quite active on this forum.

Times have changed and its sad to see how dead things are on the overseas section.

Its also hard to believe as only a few years back it was very busy with a ton of heated debates.

Well, here I am today sharing with you guys…[Read more]

I appreciate your response and with all due respect I wasn’t offering any dealings to you in the “bottom of the market”.

Just stressing facts about my neck of the woods just like you do about Florida.

Have a great day.

I have been living in the US for over 30months now :)

I am quite easy to find.

Google is my business card hehe

Ohio Cashflow

Engelo Rumora

Thanks and I’m looking forward to hearing from you soon.

Success when investing in real estate(especially if out of state or country) comes down to the people on the ground and not the stats and demographics. There are pockets of Michigan that are still very very desirable and have felt minimum impact from the GFC.

The numbers work great and as long as you have the right people on the…[Read more]

I see tons of potential in Michigan in the years to come.

Thanks 10 years, 12 months ago

Your praise is much appreciated :)

Have a great day

I’ll be in touch asap.

Got some biz in KC and will reach out next week.

Grazie Mile ;)

No power of attorney tho

Does the account owner have complete and sole access?

Thanks Ivan.

*Spruiker Alert* hehe

Check out the links below to a few interviews I had with media outlets here in the…[Read more]

We are already on the site.

Will be listing a few properties today actually.

Great idea by Jay.

Its already getting some awesome feedback from Bigger Pockets.

Thanks ;)

Its a different world here…

Thanks

I always stress to focus first on the people and then on the stats and demographics.

In most cases, its the people that cause financial ruin and not the actual market itself.

Just my opinion :)

Thanks and have a great day.

That is crazy.

$45,000 is a lot of books and a ton of flights here to see it all first hand.

WOW

Like with any market depending on 1 industry.

There are better areas to invest in the US.

My picks are Ohio, Michigan and Indiana.

Low values, fear still overpaying mum and dads and no institutional buyers

Feeling like kids in a candy store all day haha

Thanks

Please feel free to read a blog I write about the different asset classes in the US.

http://www.biggerpockets.com/renewsblog/2014/06/28/abcs-real-estate-asset-classes/

I hope you find it useful :)

Thanks and have a great day.

Steadily growing the business.

We are now fully licensed and insured with our very own in house property management and Realty company.

Mr Hinrichs was instrumental with advice over lunch in Chicago.

We followed his exact words with hiring an in house broker in order to legally run in house property management and we added on a realty…[Read more]

I appreciate your praise.

We still need to connect via phone?

Ill send you an email now :)

Grazie Mile

Have you seen the latest Yellow Ladder? lol

I remember you saying I should button up my shirt in a previous video?

Is this better?

haha

Thanks

I hope your all well.

Jay Hinrichs the man, the myth, the legend haha ;)

Was kind enough to team up with our group and let us use an E-Book that he wrote as an introduction for all Aussie investors looking at buying US properties.

I only wish that I had access to this bloody thing before I pulled the trigger myself.

Would have saved…[Read more]

My picks are Ohio and Michigan and other states on the Midwest.

The media is pumping high unemployment and declining populations which is keeping Mr Wall St from waving his magic wand and pumping $2b into these markets.

Much of this is not the case for many pockets in cities across Ohio and Michigan.

We are seeing great value and…[Read more]

Unfortunately many are also caught up in the “buy high”, hope to “sell higher” mindset.

Thanks

I believe that Lotte bought C class turnkey properties at those prices and it will be very hard to get the invested funds back.

Lotte,

Please feel free to email the addresses and I have a few contacts in Cleveland that might be able to assist.

engelo@ohiocashflow.com

Unfortunately I have my hands full with numerous ventures and…[Read more]