I am increasing my reserves. I am not so scared of the inflation but the recession that this bring. Thankfully most of my properties are in the USA so I have 30 year fixed debt. This means my main costs are fixed and the inflation is helping my rents increase. Also as interest rates rise it makes buying a house more expensive which adds to the…[Read more]

Its very hard to time the market. I think a deal is a deal no matter what is happening on the market. As long as you aren’t banking on appreciation in the short term or something market related to happen for your deal to work then you will do fine. You know what they say, don’t wait to buy real estate, buy real estate and wait

I own 6 rentals in Australia (QLD, SA & VIC) and 22 in the USA (Louisiana). I would never buy another Australian property again. The cashflow in the USA is far superior and being able to lock in 30 years fixed debt is a HUGE benefit. I am based over here so it is easy for me to find deals and property management. I can see that it would be more…[Read more]

I love buying houses for sale by owner. The reason I do though is it is easier to negotiate and I get much better deals. If you are trying to maximize the dollars you get I would use a great agent.

I think you are best investing in another rental property. As long as you can manage your payments then using more debt to acquire assets is going to build more wealth. You obviously need to ensure your numbers will still work at higher interest rates and also make sure you have reserves to manage any vacancy, maintenance or capital expenditure.

I don’t buy tax liens but buy a lot of houses where investors have bought the tax liens. I will buy it before the investor can take title and they get paid out their investment and interest at closing. It is a good buying strategy as you help the owner get some equity from the house but also get it at a price that leaves some for you to.

I went the “rentvesting” strategy and rented where I lived and invested where the numbers were good. I now have 15 properties (22 doors) and still haven’t bought a primary residence. I do have a lease option on where I live now and will end up buying it (but will turn it into an Airbnb).

Jeremy you assume incorrectly. I do often add value myself but I also assign a lot of my deals. This means that I contract them and then assign the contract to another investor at a higher price. They close the property and I receive the difference. I sometimes double close meaning I buy the property and sell it to another person on the same day.…[Read more]

I don’t know enough to give you specific advice but will just add that you should research how many international students the university gets. If it’s high be careful as COVID has stopped them coming over. Also if a large number if students are from China there is a decline in that group of students coming to Australia

Hey Jeremy, I am from Australia originally and own 6 rentals across 3 states so understand how the Australian market works. I do make money when I buy. It is the way I buy specifically that makes the money. I pay cash and close fast with no contingencies and other terms that the sellers like. There are also no realtor fees for the seller. This…[Read more]

Hey Norman, I am from Sydney originally and now live in New Orleans. I have done a lot of wholesaling in New Orleans and have always wondered if it would work in Australia. I have my doubts as the market is so hot and even tear downs sell easily on the market. There isn’t the same level of ongoing property taxes, code violations that create…[Read more]

Hey Norman, I am from Sydney originally and now live in New Orleans. I have done a lot of wholesaling in New Orleans and have always wondered if it would work in Australia. I have my doubts as the market is so hot and even tear downs sell easily on the market. There isn’t the same level of ongoing property taxes, code violations that create…[Read more]

Hey Norman, I am from Sydney originally and now live in New Orleans. I have done a lot of wholesaling in New Orleans and have always wondered if it would work in Australia. I have my doubts as the market is so hot and even tear downs sell easily on the market. There isn’t the same level of ongoing property taxes, code violations that create…[Read more]

That advice is right for lots of people but it is not a universal truth. I buy off market properties and create great deals by helping sellers solve their problems. I buy for cash and then did up the house and refinance out all my capital. The return I get going forward is infinite and this came from his I bought.

If you are have the capial and knowledge to invest I think the answer is always now. The more important question to ask is where should I invest because that answer will vary depending on the time.

This is a common myth. It is true that tjose affluent areas often get higher growth in an upmarket but they also go lower in a downtown. This means there is more risk so should get a higher return than a more stable asset to offset that risk. As your data shows this isn’t the cae.

I don’t think you can answer that in a general sense. Get a professional inspection report and assess the subject property according to it’s condition rather than its age. I own a 160 year old house in New Orleans but it was rehabbed 5 years ago and in is good condition. You might find a 30 year old house in much worse condition.