land in the path of progress for the long term investor if bought in the right markets will out perform by far any rental properties you could buy. That is were the biggest profits in Amercian RE are made, definatly not buying rentals.However one needs to be able to buy and hold and feed, no income or cash flow, however if you buy right you could…[Read more]

speedy gonzales wrote:
Hi,I have just returned from Dallas buying some property. I am paying cash for the properties but after closing a local bank is giving me a 30 year P&I loan. The LTV will be at least 50% but up to 65%. The better information and paperwork I provide them the better the rates and LTV. They have done plenty of applications…[Read more]

US banks DO NOT rent homes. Ergo the opportunity for investors. If they did there would be no investment market to speak of the banks would just rent them out and ride out the storm.No matter the market you have to factor in a vacancy factor long term for your rentals. Most of  the pro formas I see grossly understate this and come up with big net…[Read more]

Roger willco

are you going to make sure the properties have any value before you spend the money on foreclosing?Tax liens are a crap shoot some payoff like you experinced and some won't and you will have lost all your money.The other issues is if its a home and someone lives in it, your going to be hard pressed to get a judge to give you title to the property…[Read more]

petejac1 wrote:
This is why you do your research and due diligence on the liens you purchase. Have a look at Tommy Senatore's Tax Lien Video. Spierreyoung I have been investing in liens in many counties, if you would like a more realistic opinion message me.

if you run it like a business and put the time and effort into it yes tax Lien…[Read more]

You stop paying the property tax's, the lender will either pay the tax's and then do a foreclosure or the lender may decide its throwing good money after bad, and will just let the property go to tax sale. Either another investor will buy it at tax sale or it will revert to the state and be sold off as surplus property or like many parts of these…[Read more]

Sorry for your situation, there was a post on another thread where an investor just bought in Rochester NY. I fear the same will happen to him.When you invest in a city or town in the US and the neighborhood turns or in the case of upstate New York where the market has turned years ago, unfortunately you have little to no options. The only people…[Read more]

condev wrote:
Hi Jayhinricks,You have to put it into perspective. We were thinking of building a $20,000 shed but instead bought a $20,000 house with a net return of $6000pa. It will be debt free after 3 years vs a car?I have now sold my investment property in Australia and will pay off some debt, and then invest $200,000 and aim for a net…[Read more]

condev wrote:
Hi All,I have just bought two properties in Rochester NY, without visiting the USA. My agent took heaps of photo's and Skype, building inspections and title insurance I now net a 30% reutrn.(yes net of taxes(rates)maintenance and fees). I did not officially finance them, I just put it on the mortgage. Total investment USA $42000,…[Read more]

DetroitDan9 wrote:
Shoot me an email and I will send you an example. Cold weather is not a factor for vacancy – it is standard up here. Not sure how you factor that into it. Also being stuck with a water bill means you probably made a bad purchase or placed a bad tenant, either of which is not a reflection of Detroit, but whoever was running…[Read more]

speedy gonzales wrote:
Hey Russ,a) You can raise cash through the equity in your own home here in Australia and effectively then become a cash buyer in the US. An Australian bank is not able to lend you funds using a US property as securityORb) raise cash through the equity in your own home here in Australia to use as a deposit and get the rest…[Read more]

I think as you read the above posts and as smart as the aussie investor is. once you factor in vacancy factor, as in it takes 1 to 5 months to rent a house there is no way these houses return 15% Net returns.That could pick up as you get tenanted, but what happens when the tenant leaves and its 2k to rehab and you sit vacant another 2 to 3…[Read more]

Perfect 10% in my experince will be on the high end if the investor is not cheating at solitare.Its just going to take a generation of Au investor buying these and experincing the day to day for a few years and then if any of them will be forth  coming and honest to see where returns come out.YOu can certainly get the perfect property that could…[Read more]

spierreyoung wrote:
really?

to put that into context. You can buy tax liens that never redeem and you just loose your money and the properties are worthless and not worth perfecting title on. Happens every day of the year in this business.when you go to the sales you wil see who the players are they are all set up with their lap tops and have 3…[Read more]

DetroitDan9 wrote:
Jay – 15-20% in SE Michigan is pretty close to average. No puffing here LOL.

 Dan,send over your sample proforma lets see what constitues 15%. I am very conservative on my numbers in the detroit market I would use 50 to 60% of gross for expenses. One being cold weather 2 for vacancy. and the oft chance i get stuck with a…[Read more]

sapphire101 wrote:
You may want to look at established businesses in Detroit that have been buying and selling property during this downturn and know everything there is to know about the city with regard to property returns.An  investing strategy in Detroit i have been involved with is Rent To Buy as we call it. There I think it's called land…[Read more]

saturday wrote:
Hi Jay,what is your view on the Portland realestate market?what sort of returns would you expect in portland?how many years away before any capital growth returns?thanks

Portland is typical of the better parts of the west coast. We had a melt down but mainly on the High end IE 2 mil houses went to 1 mil.You still pay 120 to 200k…[Read more]

Henry Smith wrote:
Thanks for sharing this but I want to buy a residential apartment in new york at any place but it should have good appearance and it attracts everyone. What does it cost me?

Loaded question residential apartment in New york can go from anywhere from 100k to 100,000,000 kIf you want something i Manhattan its 1 to 5 mil minimum…[Read more]

Dan, I have a heck of a time explaining my model of first trust deed ownership with 50% equity, the few folks I have gotten on webinars just could not grasp the concept.It woudl be intersting to know what the security instrument they use in Au to secure a real estate loan and if they sign a promissroy note