In the states you can buy any quality of roof, Slate, concrete tile, tile, cedar shake, fake cedar shake, architectual comp.All of them if they are new will last 20 years plus and 30 to 50 plus if you maintain them..Just need to have an inspection and get a roof cert then you will know where you stand on the roof.bigger issues are Electrial…[Read more]

DetroitDan9 wrote:
@PortPirate A 10% return in Detroit and the surrounding suburbs is a very average return – most people get somewhere between 15-20% if they are doing it right. On the flip side, I would be hard pressed to believe anyone can guarantee you Capital Growth. No one can guarantee that – if they do guarantee that I would take a close…[Read more]

Portpirate wrote:
I think Australians chase the high cash-flow because interest rates in Oz are so relatively high. 7% on a risk free term deposit means there has to be a high return or lots of upside to make it all worthwhile. If I could get 10% net return with reasonable upside and little risk I would go for that. There are lots of people on…[Read more]

Jayman,,, I think the focus for out of country investors on the single families is price point and ease of understanding them.For these same investors to step into say C apartments that offer 12 to 16% caps would be very very risky, Just drive through Memphis Tn for example half of the 20 to 300 unit apartment complex's are boarded up just waiting…[Read more]

Troy McErvale wrote:
Financing property in the US is not impossible for "foreign nationals" (what the US call people who are not US citizens, and have no residency status in the US either), however it is very, very tough. By way of background, the lending market is very different in the US. In Australia, if you want a loan with the ANZ, you get…[Read more]

Ok we have the same in our self directed IRA's and 401ks.  its all about making the right investment decison. and if its super fund it seems to me you want to be super careful. Not go out on the limb chasing the highest investment % someone touts only to be wiped out.At the end of the day its about capital preservation and return not just return.…[Read more]

Bilobunchcontact me off the forum and I will explain how you can invest and be the bank.Jay@truewholesalehouses.com

Portpirate,there you go, its like us crazy americans running up thousands of dollars of credit card debt at 18 to 30%… And then investing in the stock market.. Your better off paying off debt , getting into a cash position then investing. its epidemic here. Credit is far to easy. I did not realize your mortgage rates were so high.At the end of…[Read more]

Well now the horse is out of the barn,  If your saying Aussie investors are borrowing on their primary residences at 7 to 8% pulling cash out and investing in the states becasue they think they are going to get 15% to 20% return, and make the spread. Then what you have is a big transfer of weath, half of the aussies that do this will loose all…[Read more]

Bilobunch:Not sure where to start other than to say these kind of transactions give our business such a bad name. However for everyone that comes forward to share a horror story there are 10 like you that are embarrassed would never admit they made a mistake or got taken by a Promoter or buying service.In the states we have our own versions of…[Read more]

Nigel Kibel wrote:
With the system we run in Texas you can pick up a property worth around $120000 for around $20,000 because we make sure that the existing mortgage in the property is transferred with the deal. We have just finished our third tour to Texas

Nigel are you saying your buying bad mortgage debt from banks and then foreclosing out…[Read more]

Nigel Kibel wrote:
The problem is that many people who are investing in the United States cannot afford to buy properties are are sucked in to buying one cheap property. However many of these people will loose money. I only deal with people that want to build a large quality income stream in the United States

Well since I have brought up the…[Read more]

speedy gonzales wrote:

jayhinrichs wrote:

speedy gonzales wrote:

jayhinrichs wrote:
Texas has really high property tax's and very lax zoning laws its a huge area like the outback only all of it is basically developable. so when things get going builders will be building new construction that will compete price wise with existing inventory…[Read more]

speedy gonzales wrote:

jayhinrichs wrote:
Texas has really high property tax's and very lax zoning laws its a huge area like the outback only all of it is basically developable. so when things get going builders will be building new construction that will compete price wise with existing inventory there will never be much of a run up in values…[Read more]

speedy gonzales wrote:

jayhinrichs wrote:
Texas has really high property tax's and very lax zoning laws its a huge area like the outback only all of it is basically developable. so when things get going builders will be building new construction that will compete price wise with existing inventory there will never be much of a run up in values…[Read more]

AmericaPropertySource wrote:
I say this just about everyday. There is a big difference between a bad neighborhood in Australia and a bad neighborhood in the US. Bad areas in the US are dangerous and every large city has them. With all of the opportunities available to real estate investors across the US today there is no need to invest in a war…[Read more]

APerry wrote:
It is definately easy to invest in the US if you use cash, but it is difficult to get a return on capital that is sufficient to make up for the hassle and various risks asscoated with investing overseas. There are plenty of opportunities in the US, but i would suggest a lot of caution and due diligence before committing to anything…[Read more]

Federaly Regulated lenders ( IE not private lenders or seller carry back lenders) will not lend to an LLC. Commercial banks that hold their paper and do not sell in the secondary market will lend to an LLC with a Personal Guarantee. We are working on a Fund with our Commercial bank for the purpose of lending to Out of country. My commercial bank…[Read more]

3% which is double most other areas and its not just flat rate for the entire state they can be lower and they can be higher than what you stated in Texas.Detroit can have some wicked tax's as well, and the water bills can attach the properties in Detroit as well, And Memphis has double taxation there is a county tax then a city tax.I have…[Read more]

Portpirate wrote:
Not sure what anyone else thinks but below is typical of what I think is profiteering.  Take a look at the cost of the property and the buying costs.  Anyone agree?No question where are the operating cost's the vacancy vactors no property stays 100% full and every property needs on going maintenance. Not to mention there is n…[Read more]