Highincome,We have done a lot of loans in birmingham, and Indy. we are looking at KC and St. Louis although have to be very careful with neighborhoods in those areas, I have donated 2 houses in ST. Louis because my loan originator brought in a bad loan and I would not sell the home to an investor, its the ole do unto others as you would yourself…[Read more]

I went to your blog and read some of your articles and I think you have done a very nice job getting both sides of the story.I am assuming the prices for Real Estate in AU are such that you need huge cash infusions to get cash flow??And the price of entry is high. This is why AU are looking at the states after our well document RE meltdown.As a…[Read more]

Each market has its strenghts and weakness. Since I am new to forum and am wishing to learn how the AU purchase property in the states.IE: do you pay cash most of the time?Or do you obtain financing in the states?If your obtaining financing in the states you will want to know what happens if things go bad and you have a deed of trust or Mortgage…[Read more]

Curious as to why everyone thinks they need to create an LLC to take title to property in the US.EIN numbers and LLC's at least for US citizens are created in a matter of hours not weeks.

highincomeproperty,Agreed on cash flow vs appreciation.  And I fully agree on the smaller markets of Ohio, etc. there is just not enough jobs to support those markets. It will always be a cash flow play. And you can have a hard time finding renters. the bigger cities properties stay rented much better.When I lived in San Francisco back in the 80S…[Read more]

highincome property,You make very good points, I have funded probably 250 plus deals in both Indy and Detroit, Although I would not buy or lend in the city of Detroit as Wayne county tax's are really bad as has been posted before as well as if the tenants do not pay their water bill its attached to the tax bill, I have closed transactions for my…[Read more]

I think I can shed some light on the plight of those trying to buy REO's that need renovation. Homes that need extensive Renovation are bought 2 ways 1. with cash fixed up then refinanced to pull ones cash out of the deal. or 2. they use a private money or Hard money lender. I am a hard money lender with our Niche' lending to fix and flip…[Read more]