were to start.As much as people want to deny the facts. If you buy the cheapest US properties in the big cities Ghettos this is exactly what you can expect.Of course this writer has taken liberties.  Drunk Driving is heavily enforced in all states. Although Texas you can legally drive and drink you just can't be drunk.Having done well over 1,000…[Read more]

Sorry,http://www.bid4assets.com You will find counties all across the US use this on line auction site to sell tax sales. Of course not the majority. However a lot of them in CA. As I am a west coast guy I have always focused on CA and WA.  As in all things about US real estate BUYER BEWARE:  Or as we used to say in the good ole days Caveot Emptar.. th…[Read more]

Many counties are going to http://www.bidforassets.com to sell their tax liens and tax deed sales. Lots of wholesalers selling AS IS REO property as well. Many of these properties have 1k minimum bids and will routinely sell for 10k or less, Via quit claim deeds…. Most of the properties are beyond help and definatly not for out of country owners.We…[Read more]

I live in Oregon and was raised in CA.Markets like all over the states have tanked in certain spots. however you will still pay well over 100k for a home that will rent for 800 to 1100.I am building new construction right now that sells at 275k plus and if I was to rent them I would expect 1200 to 1400 for those units.Nothing beats the mid west…[Read more]

good feed backcash flow = mid west.potential capitol gains = san fran   LA   NY city boston.price of entry 700k plus

Exception to the rule. Just go on E bay and que up any one line  course and you will find hundreds of them for sale.Starting with Carlton Sheets, Robert Allen, Real Estate Universty, Armondo Montalongo. etc etc. Really like the Infomercials over here with the Aussie guy, He kills it we americans love the accent.And various others selling their…[Read more]

Would have to see it to beleive it that a bank would open an account with out the property documents.Brokerage account as mentioned may be some thing different

ActToday wrote:
Jay, there are some banks and staff that are not abiding by the rules!! The US bank system of requiring quotas to be fulfilled by staff and commissions paid on the number…[Read more]

[  My point exactly. As an out of country investor your darn lucky you got your money back much less a profit. There is no cream in these deals unless you live here and can due heavy due diligence period.Please see my long reponse to how TAx sales came about and how the pro's in the US approach these.No one is going to invest on line out of…[Read more]

Banks do not open bank accounts FAR and FEW between they all play by the same rules, those being federal and following the Patriot Act.There is no way one bank will open an account and another will not this is simply not true ….Banking is highly regulated by the feds.

ActToday wrote:
Lenny, you will need someone in the US to act as your…[Read more]

There are hundreds of these type of programs floating around can buy one on E Bay or Craigs list for pennies. At least the Written material and probably the tapes as well.Years ago when you had to do the research by hand at the court houses using the old recording books it was much more difficult however it was worth it you could get some really…[Read more]

[your welcome just trying to give some background.. Do not want to make it seem us good ole amercians are letting great deals fall off the pumpkin truck.And as more counties go to on line bidding for their tax sale tax deed. It will be come more competitive. However it will be easier to follow one that you may want to Quiet the title Or confirm…[Read more]

 tax deed or tax sale investing is as old as the Tax system and what you have here in the states by and large there will be some group or entitys or individuals that buy these basically for a living. They will dominate the sale, are highly orginized and know what they are going after. Then you have the seminar students that usually pick up the…[Read more]

Good advice.  I would only buy into a condo project that was full or near full. The HOA in great shape and active management from the homeowners.Do not buy into a condo development that is empty or near empty those turn into nightmares for a myriad of reasons.

ActToday wrote:
My advice is to forget about a Condo purchase unless it is a very good…[Read more]

[Please e mail me @  Jhinrichs@silveradogroupllc.comWe lend on a lot of these assets and I can give you some insight to your question.For the entire audianceIn a downturn Condo's become the hardest asset to sell. The HOA's many times go broke. Back in the 80's there were restrictions placed on the developments that required a certain amount of…[Read more]

Like the post that claim 20% return or 50 or even 70% get real. these kind of returns can be made flipping property, but you need to live here and its not going to happen for out of area investors.

ActToday wrote:
This board has become so clogged with spruikers it is hard for ordinary folk to know where to turn. I have checked a few websites and…[Read more]

 ?To All:buying at the court house steps "aka foreclosure sales" is a very risky proposition for the average investor. In the states there is  for lack of better words a little Mafia group that will control the sales.  From buying people off to bidding a newbie up with no intention of buying the property. The regulars protect there turf vi…[Read more]

I was just talking to one of  my attorneys on this what seems to be this need to buy properties in an LLC. His comment was even if someone got a judgement It is unlikly in the extreme that they would go to the expense to try to collect it in another country. There just is not enough money involved in these properties or potential liablity that…[Read more]

Highincome,when you establish an LLC you have to have a registered agent for Service that is located in the state of your LLC. If you get sued its your resident agent that gets served. And you will get sued personally as well no lawyer just sues the LLC. The reality there is next to no litigation involving single family rentals and for instance I…[Read more]

 Asset protection in my opinion is really over blown. Good insurance policy which you will want to have anyway. and an umbrella policy which is very inexpensive will do the trick for asset protection.

[British,Good advice. Although some states are non disclosure states and the only disclosure of sales prices is through the MLS system. then its picked up by Truila or Zillow.Most of the Guru's in the states are really just information companies they sell their systems books and tapes, boot camps etc etc. I highly doubt they own much more than…[Read more]