kylermrice replied to the topic Australia v USA Property Prices in the forum Opinionated! 12 years ago
Apartments are good for meager caps under 10%. It doesn't have to be apartments, people still would rather rent a SFH over apartments. I do have four and six plex's though, they are cash machines.
The prices can't get any lower, if anything the banks are being more creavtive. REO deals and brokers are coming back, bought two auctions last week…[Read more]
kylermrice replied to the topic Flipping USA Property in the forum Overseas Deals 12 years ago
Every investment is a risk…. Nigel
kylermrice replied to the topic Flipping USA Property in the forum Overseas Deals 12 years ago
Sorry Guys, I have been so busy i have literally been from dust till dawn. This time last year I had time through the winter to post regularly. As i was doing two of my own projects. This year i have ten and counting.
Toam5,
I had sent you a PM, along with others.
But i have no problem posting what i do.
Capital 20 to 50 thousand, returns…[Read more]
kylermrice replied to the topic Flipping USA Property in the forum Overseas Deals 12 years, 1 month ago
I don't ever see there being any type of service like that unless you get in a group with money or have a good connection.
I do them with Aussie and Cali business partners. They supply the capital and I locate the property, project manage, property management, and a buyer. Split the profit down the middle. Sometimes they will have money…[Read more]
kylermrice replied to the topic NJ Multi Family Residential in the forum Overseas Deals 12 years, 1 month ago
To much money for such a low cap
kylermrice replied to the topic investing 300,000 cash in the forum Overseas Deals 12 years, 2 months ago
if you had $300,000 cash…how would you invest it in USA property? what strategy would you use?
I would set back 100,000 for flipping. Proceed to buy properties with that liquid and average a quick wholesale deals.
Would then buy A class for about 50,000 in the new Google fiber hoods (That's what there calling them, trying to be very urban) …[Read more]
kylermrice replied to the topic Humorous exchange with PM who is experincing his first and Last OZ owner. in the forum Overseas Deals 12 years, 2 months ago
The check thing cracks me up. You guys are so last century.
Lot's of people still like to do business that way. You can do all your business from your phone, tablet, computer… Can deposit checks with pictures from my phone. Just need a quality bank, problem is that the banks here are just big business and you need to go small and local. Or…[Read more]
kylermrice replied to the topic What would Steve say to $20k houses in derelict USA? in the forum Overseas Deals 12 years, 2 months ago
These deals aren't in war zones, as Alex says he would left his wife collect rent at night. I would let my fiance collect rent at night on this multi-family.
kylermrice replied to the topic What would Steve say to $20k houses in derelict USA? in the forum Overseas Deals 12 years, 2 months ago
Pictures where the same as the MLS or i would have used that link, but the link is gone when the property goes under contract. The zillow price is still from this summer, they asked for 25,000 back in July. I missed out then, but doing my searching of properties this week saw that the sale fell through. I jumped on it and offered them 26,000…[Read more]
kylermrice replied to the topic What would Steve say to $20k houses in derelict USA? in the forum Overseas Deals 12 years, 2 months ago
I get some more time, i will keep posting deals and will break them down. There under contract so i have no problem putting them out there.
kylermrice replied to the topic What would Steve say to $20k houses in derelict USA? in the forum Overseas Deals 12 years, 2 months ago
Lol, here we go again. The ones for 20,000 i usually get from 5,000 to 3,000 and have even had people sign them over to me. It's the gems that most people pay 60,000 for that i get for 20,000 to 25,000.
Case and point
Bought this one the other day in a mixed area, African, African American, Hispanic, and…[Read more]
kylermrice replied to the topic heading to the States! in the forum Overseas Deals 12 years, 2 months ago
@ Zmagen
We just don't get the attention here that other markets like Atlanta get. I have been working with these wholesalers for a while, the prices really have stayed about the same. The MLS will get competitive during the Spring/Summer seasons, but it will taper back off. That's about the only time prices are bid up.
I do wholesale…[Read more]
kylermrice replied to the topic heading to the States! in the forum Overseas Deals 12 years, 3 months ago
I can get good whole sale deals for about the same price as 2009
kylermrice replied to the topic heading to the States! in the forum Overseas Deals 12 years, 3 months ago
@ Jay
Not really, we just don't get the crazy amounts of people buying here like the buying frenzy that shot up AZ and Atlanta.
kylermrice replied to the topic First Timer, 1st Post in the forum Overseas Deals 12 years, 3 months ago
Cash flow is King
kylermrice replied to the topic Back from Jacksonville Florida, bought a house in the forum Overseas Deals 12 years, 3 months ago
Congrats, the pay pal idea is the best i have heard yet
kylermrice replied to the topic heading to the States! in the forum Overseas Deals 12 years, 3 months ago
Florida's a big state, would take a month to cover al the area's with good properties for sale
kylermrice replied to the topic Thank you in the forum Overseas Deals 12 years, 4 months ago
Just glad we could help, should have said something a long time ago. But i thought John had quite using the site a while back.
kylermrice replied to the topic Understanding Price-To-Rent Ratio in the forum Overseas Deals 12 years, 4 months ago
Nobody talks about cap rates on these forums that i have seen.
kylermrice replied to the topic Confused Australian property investor trying to sell a house in the USA in the forum Overseas Deals 12 years, 4 months ago
Oh ok, so basically all I need is common sense? hahaI wouldn't say it's that easy….
- Load More