Trusted Agents – USA

What I would do is figure out what city you want to focus on then,

I would engage a Licensed Real Estate apprasier… Just give them your criteria they will narrow down your focus 
 I think an apprasier could give you an over view of their market for 500 bucks or less. we pay 175 for drive by apprasials and 350 for full apprasials.

I have been toying with this idea since I first started on this site a year ago.

maybe take the 10 most popular markets and give a general run down based on zip code. maybe like a Red light , yellow light green light approach.

Like Red light would be war zones of any given city, In most of the mid west markets I know those areas just off the top of my head based on my thousands of hard money loans I have made over the years.

I wonder what this type of report would be worth… Real time data and opinions on vairous markets with No product to sell.

My other thought was grading US turn Key operators. Lord Knows I had to wade through them in my lending days. There are good ones then their are ones you want to run from, I suppose thats the same with the Aussie buying services.

Nigel

Unless a re agent is only promoting their personal listings then the agent is just showing inventory that is available to all.

Therenis value to a fully managed product like mine of course and the good turn key operators

It’s the bad turn key companies and aussie marketers that can really take advantage of an OZ investor not RE agents

Nigel

I have been licensed since 1977 and am a re broker in 3 states…..

There are far more credible re agents that are qualified to give advice buying these in expensive homes not rocket science…

Certainly more than the Johnny come lately OZ marketing companies that out themselves as experts and have never even seen the properties they promote

There are only amfew ways to source these properties no super secret there….one just needs to buy one of the guru books and most strategies are talked about there…..

I personally have probably sourced properties over years in every conceivable way. For instance

1. Court house steps. IE foreclosure auctions have bought 100’s this way in many states

2. Bought bad mortgage debt and did the foreclosure myself

3. Bought a few out of probate as well as through banruptcy court

4. Tax sales and tax deeds

5. Fisbo and pre foreclosures

6. Reo brokers that give you first look I would imagine your Texas partner has this connection

The reo brokers have always been great source although now a daysnbanks and fed want yo see properties listed for a few weeks before they entertain non owner occ buyers.

Now the fed is going to start to package up properties only for investors and sell in 5 mil blocks or bigger

Another subject whats going on with economist saying OZ real estate is over valued and could crash?

With OZ folks taking on debt from their homes to buy us properties this could ,
Lead to same storm we went through

So with the above mentality thats how I created my investment model everyone is along for the ride and we stay connected to the investor and protect them till the end.

Some of my dearest friends are folks I sold their ranch land for…. they would list it with a city slicker C 21 agent who really did not know land sales.. but had great marketing ya know a big billboard or something.

But I got out there I could run the corners use a compass  ( pre GPS days) new what timber had value and what was scrub…

I still own one tree farm here in Oregon… In fact Tree farms in the right growing zones will give you Net yeilds that surpass many other cash flow investments, Like I was mentioning John Hancock figures there tree farms return them 10 to 14% net yearly. But of course you may go 10 or 20 years between harvests. So you need a lot of timber ground to be harvesting every year.

Timber Barrons  Railroad Barrons  Steel Barrons   then it was Oil  and now its that new fangled Social media Barron

Real estate agents are a dime a dozen.  good ones are hard to find

I haven’t bought any property yet and still doing research, but looks like you only had feedback from people selling, not investors like you.
There are a lot of posts about companies and different people’s experiences if you search the forum. You have to narrow the area you want to invest and then the companies working on that area, but I think you should make a trip to see it by yourself at least once, I know you work as a contractor, but I’m sure your rate allows for some time off as well. At the end of the day you should not trust anyone with your money, but it’s all about risk, like any investment.

Hope this helps

Mosqui

I do all the types you mentioned in Kansas city.  If u wanna talk to an agent, i use Dan Solenberger with Remax.  I'm not trying to spruiking so if you want his info u can find it doing a search   He also does mid range capital gains, trashflow or mid-range cashflow. He is also a CPA and owns a construction company.  Learned a lot from this man and couldnt ask for a more genuine or real person.  I focus more on Florida for my long term but can give you my agent there also.  Lol, hopefully u get get more direct answers this time before the forum goes crazy agian.