Total Members: 158,534

VideoInspectors

  • The topic of this post is why I started my business… Several years ago a UK Investor was referred to me because they had been taken advantage of by not only the company they had purchased nine homes from, but also three property managers in 18 months. The investor had $400,000 tied up into 7 vacant homes in need of rehabs and 2 occupied homes…[Read more]

  • VideoInspectors replied to the topic Anyone bought Atlanta properties using Top Rental Returns? in the forum Overseas Deals 11 years, 11 months ago

    Buying tenanted property is a good option but always try to find out how long the tenant has been in the property. I’ve seem many times a tenant placement company will put someone in right before the property is sold so there is no track record of payments to look at.

    If possible have someone go out and evaluate the property, Ideally when the…[Read more]

  • VideoInspectors replied to the topic USA investor from Melbourne in the forum Overseas Deals 11 years, 11 months ago

    I realize this is an older post but I’d recommend to anyone buying property in the US to look into setting up an individual LLC for each property you buy. If for some reason you are party to a lawsuit and all the properties are owned by a single LLC your potential losses could be very great. If you establish an individual LLC for each property…[Read more]

  • VideoInspectors replied to the topic Fly and Buy Tours to the USA Looking for Opinions ? in the forum Overseas Deals 11 years, 11 months ago

    I have worked with plenty of investors coming over for property tours and have done video of the properties and surrounding areas for them prior to the trip. I know some unethical companies will route their tours around the bad areas very close to the houses they are selling.

    I’d always suggest doing your own research even if you do go on a…[Read more]

  • VideoInspectors replied to the topic Managing the Property Manager’s in US in the forum Overseas Deals 11 years, 11 months ago

    Well there is something to be said for slumlords when it comes to collecting rent. I know an investor that owns a couple hundred houses, he and two other employees collect rent in person every month. He has very little issues with any tenants because they know he isn’t fooling around.

  • VideoInspectors replied to the topic Texas Market in the forum Overseas Deals 11 years, 11 months ago

    Texas accounts for around 3.5% of the Foreign Investor market in the US and Austin doesn’t show up in the Texas numbers. That of course doesn’t mean there are no opportunities in Austin, just not many international buyers looking there (Florida accounts for almost 40% of Foreign Investor market) Hope this helps.

  • VideoInspectors replied to the topic Managing the Property Manager’s in US in the forum Overseas Deals 11 years, 11 months ago

    In some of the larger US Cities such as Chicago, Detroit and Atlanta to name a few it’s important to find a property manager that is relatively close to your properties and has employees that will go by the rental if there are any issues (Such as paying rent on time)

    In the Detroit market some property managers in neighboring cities expect the r…[Read more]

VideoInspectors

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