buffalo investors wanted

Another important issue is to consider how you are going to finance the purchase of such a property.

Changes in the Patriot Act has made the financing of investment properties to Foreign Nationals almost impossible unless you deal with the right style of lenders.

Cheers

Richard Taylor
Residential & Commercial Finance Broker
100% Finance on selected properties in the USA.
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Hey Freeman Cooper!
Definately take Brisbane04s advice as he is a large shareholder in the Buffalo and seems to be doing quite well!
It is an animal that very few people have tamed.

Most of the people i know who have bought there who dont live there are selling now or planning to get out in the future.
I have some property there but it is not on the top of my list to purchase more there soon as the effort is not worth it to me at the moment.(in saying this i have made some profit out of Buffalo)

Property investment is not meant to be(and doesnt need to be)that hard .From trying to get decent tenants,to getting an honest property manager,to getting a property that doesnt need constant maintenance,to getting a mortgage without large fees (at 80% lvr and over for the cheap props) etc etc
(In saying that it is possible to make money out of there too,but personally i reckon u would make it happen a lot easier if u were there in person)

The management is a real struggle.They seem to do business there very differently to the majority of the rest of the U States .
Communication can be a battle too.

Personally i reckon There are much easier areas to invest in for the return VS effort.(including Australia)

My 2 cents anyway.
Luke

We’ve got 70 yrs on planet earth,Lets make the most of every day!

Hey there freeman ,
no probs man!
Houston in Texas is pretty huge and is high up on the expected growth chart for the next couple of years!
It also has some great investor clubs (eg the rich club) that meet and investors can help each other and learn and grow.

There are so many more strategys and options for investing in the USA. Incuding many opportunitys to buy under market value.

To learn more of the strategys etc and make contact with alot of very savvy guys who are currently doing it in the states go to this forum ;

http://www.houstoninvestorforum.com

then look at this for some strategys/legalities;

http://www.legalwiz.com/articles.htm

Get on the forums over there and keep reading and learning .There are also wholesale and short sales and subject-tos etc etc to be found through these guys.

Just make sure u do full DD checks before making yr next move.

You may even decide to do yr research and go to other areas of texas.Most areas are high on the expected CG projections for the next few years.
I personally have had great help in getting setup in San antonio.I like SA because it is smaller than Houston and it just feels to me like it will expand quicker because its so much smaller than houston (but just my preference)

All the best mate.
Luke

We’ve got 70 yrs on planet earth,Lets make the most of every day!

Hey Chad!
Thanks for yr advice man!
Glad yr tour went well.
all the best
Luke

We’ve got 70 yrs on planet earth,Lets make the most of every day!