All Topics / Overseas Deals / Did anyone used this Agent : 888 US Real Estate

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  • Profile photo of CasaHunterCasaHunter
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    @casahunter
    Join Date: 2011
    Post Count: 27

    I am considering using this agent for my next property in the US. Have you had any experience with them? Good or bad, please let me know.
    Thanks!

    http://www.888usrealestate.com.au/
    They have a new webpage which is http://www.888usaproperty.com.au/

    Profile photo of RickHRickH
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    @rickh
    Join Date: 2007
    Post Count: 137

    do a search, this topic has been covered extensively already

    Profile photo of PortpiratePortpirate
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    @portpirate
    Join Date: 2011
    Post Count: 47

    Another pay upfront mob.

    Profile photo of RickHRickH
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    @rickh
    Join Date: 2007
    Post Count: 137

    with cheesey looking website *L*

    Profile photo of speedy gonzalesspeedy gonzales
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    @speedy-gonzales
    Join Date: 2010
    Post Count: 149

    To give you some idea….I spoke to some wholesalers in Atlanta early last year when I was looking at investing there and they were a wholesaler for 888. he summed it all up when he said that Vince from 888 had never even been to the US. So he was giving advice to his clients about US property and he hadn't even been to the US before in his life and I assume this would also mean he hasn't invested in US property himself !! Just another spruiker but this one seems to be a "new age" guy from Hippy Heaven Byron Bay

    Profile photo of Alistair PerryAlistair Perry
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    @aperry
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    CasaHunter wrote:
    I am considering using this agent for my next property in the US. Have you had any experience with them? Good or bad, please let me know. Thanks! http://www.888usrealestate.com.au/ They have a new webpage which is http://www.888usaproperty.com.au/

    You should have a chat with Nigel, who posts on the forum regularly. He has just got back from a buying trip with his clients and is going over agin in November. You can read all about what he does from posts on here.

    Profile photo of Richard TaylorRichard Taylor
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    @qlds007
    Join Date: 2003
    Post Count: 12,024

    Have to agree with Alistair Nigel is on the ball when it comes to the US and offers excellent educational information.

    Cheers

    Yours in Finance

    Richard Taylor | Mortgage Broker helping investors build their wealth thru property
    http://www.mortgagecapitalaustralia.com.au
    Email Me

    0-40 Properties in a decade with an unencumbered value of over $35M. Email for a copy of my API article

    Profile photo of Alex SCAlex SC
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    @alex-sc
    Join Date: 2011
    Post Count: 585

    Nigels contact information. Does any one have it .Being in the USA would like to speak to him on his next trip over.

    Thanks
    Alex
    [email protected]

    Profile photo of jayhinrichsjayhinrichs
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    @jayhinrichs
    Join Date: 2011
    Post Count: 1,177

    Alex,

    he usually has an add on this site in the right hand margin although I am sure someone will give you the info

    Profile photo of Nigel KibelNigel Kibel
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    @nigel-kibel
    Join Date: 2005
    Post Count: 1,425

    Hi Alex

    My contact details are [email protected]

    Senfd me your number and I will give you a call

    Regards

    Nigel Kibel

    Nigel Kibel | Property Know How
    http://propertyknowhow.com.au
    Email Me | Phone Me

    We have just launched a new website join our membership today

    Profile photo of vselleckvselleck
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    @vselleck
    Join Date: 2009
    Post Count: 28

    Hi

    Its been a while since I read this forum. In reply to the comment about never having been to the USA, I travel regularly and we also have an office in Miami, Florida. I spent three weeks in 8 cities in June. I know who would have said this to Speedy and their integrity is questionable when they have to deride others to support their own insecurities.

    I also happen to be a US citizen! Living in Byron Bay does not necessarily make one a "Hippy"

    Our attention to sustainable business practices that truly represent the buyers interests only stand up very well in a market where many choose to prey through hidden commissions and deceptive practices. All our commissions are fully disclosed with complete financial analysis on each listing on our website. We value each listing using current market sales and it must meet our standards before we list it. We also provide ongoing free support to our buyers to assist them in resolving issues with properties and management.

    Vincent Selleck
    [email protected]
    http://www.888usaproperty.com.au

    Profile photo of mallikkmallikk
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    @mallikk
    Join Date: 2011
    Post Count: 1

    I had a very bad experience with this guy, Vincent.

    I paid his commitment fee of 188$ on 7 Nov 2011 and pursued a property in Atlanta listed on his website. The correspondence that followed did not really inspire my initial confidence in Vencent. He neither exhibited any expertise nor his responses were adequate to quell my doubts. It appeared that he was merely shuttling messages between buyers and other parties on the sell side.

    I requested a refund of 188$. he said no. He actually dared me to do what ever I can and I can only dream of getting the money back. It appears, he is right. Dept of Commerce (Real estate division) forwarded my complaint to NSW fair trading, When they approached vincent, the answer is still NO. They advised me to approach some small claims Tribunal in NSW. I am not really sure whether I want to pay (50.$..!?) tribunal fee and fill out bunch of papers and attend their hearings.

    But I authorize whoever is reading this, to replicate this comment on 888 USA real estate WHEREVER they want to paste in this WORLD WIDE WEB called internet. That would be like achieving what I would like to achieve by going to the tribunal.

    <moderator: delete personal comment>

    Mallik

    Profile photo of jayhinrichsjayhinrichs
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    @jayhinrichs
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    Seems to me a lot of these companies are selling real estate without the proper US licenses and a complaint to the Department of Real Estate in the State where your looking at property might be appropriate.

    JLH

    Profile photo of vselleckvselleck
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    @vselleck
    Join Date: 2009
    Post Count: 28
    mallikk wrote:

    I had a very bad experience with this guy, Vincent.

    I paid his commitment fee of 188$ on 7 Nov 2011 and pursued a property in Atlanta listed on his website. The correspondence that followed did not really inspire my initial confidence in Vencent. He neither exhibited any expertise nor his responses were adequate to quell my doubts. It appeared that he was merely shuttling messages between buyers and other parties on the sell side.

    I requested a refund of 188$. he said no. He actually dared me to do what ever I can and I can only dream of getting the money back. It appears, he is right. Dept of Commerce (Real estate division) forwarded my complaint to NSW fair trading, When they approached vincent, the answer is still NO. They advised me to approach some small claims Tribunal in NSW. I am not really sure whether I want to pay (50.$..!?) tribunal fee and fill out bunch of papers and attend their hearings.

    But I authorize whoever is reading this, to replicate this comment on 888 USA real estate WHEREVER they want to paste in this WORLD WIDE WEB called internet. That would be like achieving what I would like to achieve by going to the tribunal.

    <moderator: delete personal comment>

    Mallik

    Every now and then we come across someone with a complaint which defies reasonable explanation. In this case Mallik completed our appointment agreement and paid a non-refundable fee to gain access to our professional network as he wanted to enquire about correct structuring, as he was operating a Singapore based company and was from India. He gained referral and free appointments with our team of lawyers, accountants and discount services for foreign exchange and identification of our suppliers and managers. Our contract is very clear that the $188 fee was non-refundable. He also gained rights to have all listings delivered as a priority through email alerts and the ability to hold properties off market for due diligence. All our properties are listed publicly with full disclosure at our site http://www.888usaproperty.com.au/buy-now/listings/

    He expressed interest in buying 3473 Oakleaf Pass Atlanta, a 3 bed, 2 bath, 2007 built home listed for sale on our site for $57,900. Our price included a full rehab, new appliances, 1 year home warranty, rental guarantee and tenant replacement guarantee. It has a comparative value of $97,200 based on price per square ft of recent sales prices nearby.

    This "A" rated property is in a market sector with high demand with investors competing for new constructed, discounted foreclosures in "A" class areas. We have a relationship with a specialist wholesaler who secures these homes under contract and provides full rehab and tenanting services with complete guarantees to our investors, so rent is paid upon close while the property is being prepared and tenanted. This differs from our other delivery model where established homes are renovated and tenanted prior to listing.

    We encourage every buyer to complete their due diligence, starting with a google search of the address to confirm tax rates, location factors and recent sales prices. Mallik did this and discovered a listing for the property at the price contracted by my wholesaler, without any improvements or guarantees. He then contacted the selling agent who listed the property at the lower price and to his disappointment, was referred back to us. At this point he became unreasonable and aggressive, demanding his non-refundable deposit back.

    Normally we would consider such a request, but it was clear that Mallik had gained the immediate benefits of our free services and professional networks and was unwilling to discuss or be reasonable about his position. No deposit had been paid for a property transaction, nor had he completed a contract to purchase. He had exercised his right to defer a property purchase through his due diligence process, while maintaining exclusive access to buy the listed property. He was never charged a fee for the property transaction.

    We immediately contracted this property to another buyer and it it has since closed and the owner has received everything he expected, including rent guarantee, rehab including all items on an independent building inspection report and re-inspection to ensure all work was conducted to his satisfaction.

    Mallik continued to escalate the dispute unreasonably and we decided not to refund his money on principle. That he chose to post his complaint here and that some of it was unprintable due to its personal and abusive nature is testament to his attitude.

    We operate as buyers agents and receive no commission from the vendors at close or have any interests in any properties listed. We therefore do not need to be licensed as a real estate agent in the US states that we operate in. Our buyers pay us a service fee, which is fully disclosed on each listing. We have no exclusive contracts with vendors and have no conflict of interest in always representing the interests of our buyers. We also have an office in Miami Florida and have a fully qualified US real estate agent there.

    We have closed over 400 properties in the USA with buyers from all over Australia and in Asia, Europe and the Middle East. People come to us because we offer full disclosure with all our listings available publicly at our website. Our clients are attracted to the direct wholesale pricing we offer and the quality of service that makes it easy to buy and manage. Every property can be contracted subject to due diligence and all aspects of the transaction are fully assisted to achieve a pre-determined result. We also continue to support our buyers after purchase with free service for management and other issues.

    I sincerely hope that potential clients will not be influenced by this unreasonable attack on our character and good standing.

    Thank you for hearing our side of the story.

     Vincent Selleck – USA buyers agent
    http://www.888usaproperty.com.au/buy-now/listings/

    Profile photo of speedy gonzalesspeedy gonzales
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    @speedy-gonzales
    Join Date: 2010
    Post Count: 149

    This forum isn't designed for advertising your services guys. One sure fire way to get people offside is to join up and start this crap !!

    Perhaps try joining in some of the topics and give some helpful advice or suggestions first of all to get some credibility.

    Profile photo of lawsjslawsjs
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    @lawsjs
    Join Date: 2002
    Post Count: 252

    Professionally managed – I would believe that comment after a year:)

    Regarding 888.

    I dug up this post from Somersoft, written by Bevk on 23rd March last year.


    The reason I put this example property out there on the forum was to try get to the bottom of why an Aussie company like 888usrealestate is advertising this property as fully restored for $49,800, whereas Zillow shows it as (quote) “This spacious 2 story home has a screened-in porch, fireplace, whirlpool tub, but it needs your special touches to make it move-in ready”. Priced at $14,000 through a completely different company which re-listed it just last month.

    It’s all there on Zillow for anyone who cares to look.

    So, I’m curious as to actually has the paperwork for this home – 888usrealestate or Realty Executives of Kansas City.



    Do a tiny bit of searching on this site (or Somersoft) and you will quickly be pointed in the direction of people who will do a fair days work for a fair days pay and you will avoid this type of marketer.

    As an aside, Speedy Gonzales US property approach is probably the smartest I have ever come across for an Aussie. I only recently read in one of his posts that he actually got a job with one of these type of operators to occupy some time and see if he could learn something. What he learnt was that in fact he already knew far more than they did so he went out and did it himself – and successfully. Not everyone has the time to educate themselves like that, but you can take what he says as ‘the truth’.

    Profile photo of worldinvestorworldinvestor
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    Profile photo of Pat007Pat007
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    on google maps you get a fantastic view of a massive substation with many high voltage towers only a stones throw away.
    i for one would be relieved if i couldnt purchase it, many more fish in the ocean no need to settle for that.

    Profile photo of jayhinrichsjayhinrichs
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    Post Count: 1,177
    Pat007 wrote:
    on google maps you get a fantastic view of a massive substation with many high voltage towers only a stones throw away.
    i for one would be relieved if i couldnt purchase it, many more fish in the ocean no need to settle for that.

    High tension wires in the rear of a house is not a deal killer in any manner at the price range of these houses.

    million dollar homes maybe…… Just google earth Los Altos Hills in the San Francisco bay area and see all the houses snuggled up to Hiway 280.  ( which by the way was not there when I was a youth) and you will see 5 million dollar homes with worse noise impedements than just high tensions utility wires.

    there was a time when US peeps thought the High tensions wires caused cancer.. then we figured out everything causes cancer.  latest was 60 Mintues last night and Sugar is the culpret and toxic to all humans

    Profile photo of worldinvestorworldinvestor
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    Post Count: 297

    Hi Jay

    Its a deal breaker for me.

    Perhaps different psyche in Oz,  we know it would be very different to sell a property anywhere remotely close to high voltage towers in Australia, I would not risk it and just look for a deal that ticks the boxes.

    I will also not purchase any properties in close proximity to sewerage plant, never know which way that wind is blowing….. could be quite unpleasant.

    Cheers, WI
    http://www.wheredopuppiescomefrom.com.au/australian-puppy-mills/

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