1% rule is pure folly once you leave the 100k price range. Very few rentals at 2 to 3k. those renters will do owner contract purchases or will rent much nicer homes than what your buying.JLH

when you look at 10% unemployment that means 90% of the people are working.Not sure how it is in other countries. But depending on the area of the US. 5% just never work other than drift from manual labor jobs etc.  Then other areas like Detroit there are interesting stat's on the number of people that will never work as well and its a staggering…[Read more]

there is another thread with regard to TRR, like a lot of home buying services here in the states, they subbed out management when they first started only to have a lot of problems which most people have in the states with 3rd party managers and I think from what they wrote they have brought management in house now. So it becomes a profit center…[Read more]

Any property that you would buy that is habitable for 11k. is exactly as you describe.Property mangement in the US will always be a challenge in these asset class's. Us USA property owners classify them as  A tenants 700 plus stable jobs just do not want to own at this time. and will pay for better housing.B  625 to 700 fico  stable jobs but mo…[Read more]

Mike and Bron,And to the general audiance:Even with that amount of due diligence which is just normal for the industry or should be normal anyone doing less is really not someone you would want to let handle your properties, you will still have experince's like your client that just posted has had, Evictions trashed units, stolen condenser units…[Read more]

British Buyer wrote:
Hi AjayI've paid cash for both properties.  The reason for paying cash is not because foreigners can't get financing, but because NOBODY can get financing when buying REOs.  All banks have stringent criteria when granting mortgages, the most important being that the house is move-in ready.  REOs never satisfy this cr…[Read more]

Mcivor.unfortuantly this happens to many investors US or Foreign. Property management is the biggest problem. Any one can buy these properties rehab them then flip them its a big business here in the states obviously.And not everyone has these experinces but I would say far more do that will not come public with it because of the embarrassement of…[Read more]

HighIncomeProperty wrote:
My 2 cents would tell me that ANY type of guarantee like that – buy back, long term rental, capital growth, just isn't something to rely on. A good enough product doesn't need any "guarantees" like that, while a poor product is never going to come good on them.What we do, is we sell the homes turn-key, and we…[Read more]

MicheellegI can refer you to an excellent closing attorney in Atlanta as well as our partners that manage 150 plus  units for us and  out of area clients. The property manager will also give you a second look at the property to make sure its one that they beleive they can keep rented etc etc. As you know doubt know location is everything when buy…[Read more]

USpropertydirect wrote:
You always pay for a rental guarantee in the purchase price or it is not legitimate. Much better to put strategies in place to reduce your risk of vacancy ie. buy in the right area – check out current vacancy data, crime rates, employment trending etc. Price your rent accordingly (we have seen on so many occasions,…[Read more]

Nigel Kibel wrote:
I think that to suggest that people who use buyers services for the United States are lazy is just plane silly. If you want to go to the city and spend months developing the contacts good luck. The problem is the level on quality service that you can find on the ground is poor. Why am I saying this is that I did all of this in…[Read more]

Trentjr wrote:
The Phoenix market has been heating up throughout the summer, yes pun is intended. The investor market is very active with wholesale prices up about $15K since the first of the year. Retail prices remain flat as yet, but it does look as if we have hit the bottom of the market. Available inventory is the lowest in years and sales…[Read more]

RickH wrote:
I dont think there is an easy fix to the situation over there. Empty houses are open to vandalism and people becoming "squatters" and occupyingthese houses illegally and are often hard to move.If the govt offers cheap rent to get people in there will kill the private rental market and be flooded with more vacant houses and lanlord…[Read more]

Jason700 wrote:
The thing with US properties you have to be vigilant on is a few things (as I recently thought similar thoughts).You are better off buying the property outright than getting a loan attached to it because a) banks in Aus won't (will very rarely) lend you a loan b) if you manage to get a loan you are playing with international…[Read more]

CheevesFinancial wrote:
JayHinrichs-The Red Sox stadium will have next to zero effect on the housing market?  Wow..I'd love to get your reasoning for that.  If you look at revenues, last I checked, the Spring Training season brings in tons of jobs and money, about $75 – $100 million per season.  Then you have the full time season during the su…[Read more]

Having done literally thousands of acquasition and rehab loans. and knowing the majority of the homes that are being bought and sold for rentals, Most of them even after an exhaustive rehab will not stand up to a full house inspection, heck even knew construction homes a good house inspector will find defects.You need to be a little open minded…[Read more]

Anyone can make a guarantee based on a triple net lease type arrangement without being illegal, if your guaranteeing a set return on investment you are selling a security and as such have to register with the SCC. If one is willing to spend the 75k to 100k to register your product that can be done, unregistered PPM's are limited to qualified…[Read more]

No chance to borrow on Lehiegh bare land unless your direct relative is going to lend to you IE Mom or Dad.

Lehigh and Coral Gables was the original land speculation play in the USdevelopers in the 50's platted about 1 MILLION lots. That is why the market went up and then crashed, These lots sold in the 50's 60's 70's 80's 90's for 3 to 15k each, the craze times of 2003 to 2007 they got up to 50 to 90k. Only to fall right back to their true value 4 to…[Read more]

bid for assetsBuyer beware these are cheap properties that buy and large will be worthless over the long term but you may pluck a pearl out of the lot