All Topics / Overseas Deals / US Invest Good Company Or Bad?

Viewing 20 posts - 41 through 60 (of 71 total)
  • Profile photo of condevcondev
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    @condev
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    To get back to the original question, I don.t know  the company US INVEST but you have to understand how far people in the USA will go for $300 to understand the extent to which scammers will go for $3995!!!
    You don't need a middleman, I have bought 5 properties inn Rochester for an average price $25500 each I have built up a team of buyers realtor, Property Manager and Attorney whom I trust. I have built up local knowledge, mainly through their help, and my average NET RETURN ON CAPITAL IS 30%( from year 2 onwards) The first year there are reno's, evictions of long term tennants and a general bedding down.- my worst return in year one is 15 %

    Profile photo of condevcondev
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    @condev
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    To get back to the original question, I don.t know  the company US INVEST but you have to understand how far people in the USA will go for $300 to understand the extent to which scammers will go for $3995!!!
    You don't need a middleman, I have bought 5 properties inn Rochester for an average price $25500 each I have built up a team of buyers realtor, Property Manager and Attorney whom I trust. I have built up local knowledge, mainly through their help, and my average NET RETURN ON CAPITAL IS 30%( from year 2 onwards) The first year there are reno's, evictions of long term tennants and a general bedding down.- my worst return in year one is 15 %

    Profile photo of CheevesFinancialCheevesFinancial
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    @cheevesfinancial
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    Condev:  Can you give us an address and a pro forma to back up your claim?  Not trying to challenge what you said, but there a lot of pitchers on this forum and maybe if we make comments like this, we can have everyone back it up with addresses and numbers.  Thanks

    CheevesFinancial | Cushman & Wakefield - Commercial Property SW FL
    http://www.CommercialRealEstateVoice.com
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    Profile photo of kylermricekylermrice
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    @kylermrice
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    Interested in a break down of the figures myself.

    Profile photo of jayhinrichsjayhinrichs
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    @jayhinrichs
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    cheeves.

    simple math is 30% net on 25k investment is 7500 a year or about 650 a month net cash flow.

    So…

    If tax’s insurance are 150 a month
    management 10%

    lease fee one months rent.

    100 a month for maintenance

    And 100% performance

    Rent would be about 1050 or better per door…. to achieve that kind of net yield and actually use. And since the poster talked about evictions and other reno’s the purchase price after repairs is probably greater than 25k purchase price or maybe not maybe he bought the 7k house and put 18k into it that could very well be…. However evictions cost money and their is lost rent.. etc etc.

    So really all we need to know to figure out return is what the rent is… We know the running costs and he divulged purchase price…
    I would find it hard to believe that low end rentals in Rochester are averaging over 1000 a month in rental income I guess would be my position.

    Profile photo of EngeloRumoraEngeloRumora
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    Low end rentals in Rochester can get between $750 – $1200 per month depending on location and size. Higher end range would be multi family.

    EngeloRumora | Ohio Cashflow
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    "Make a PASSION an OBSESSION and you'll never work a day in your life"

    Profile photo of jayhinrichsjayhinrichs
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    650 to 800 I could see 1000 plus for 25k homes I would have to see to believe :)

    Profile photo of kylermricekylermrice
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    It's hard to get more than 800 in this type of investment.  I do most of my 3 bedrooms for 675.  I don't do section 8 either, i don't even wanna get into why i don't mess with that, ggrrr.

    I would also like to see a SFH that is low income that's get's rents of 1000.  All the duplexs and quads got bought up in 2009 here, all the veteran slumlords knew those were the money makers.  My A class goes for 1000 to 1200 a month and there 5bed/2+bath.  Unless New York is just that much more expensive with rents that high.  I was under the impression that the Rochester area has always been this type of investment.

    Profile photo of EngeloRumoraEngeloRumora
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    prob not on a 25k purchase would need to pay bit more for higher rent..

    EngeloRumora | Ohio Cashflow
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    "Make a PASSION an OBSESSION and you'll never work a day in your life"

    Profile photo of EngeloRumoraEngeloRumora
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    I have C class. Paid 40k and that was with 10k margin. Rents for 900 and going up to 950. So if your on the ground picking them up for 10k – 15k, rehabb for 10k – 15k you would get 900 on lets say all up 30k spent. Maybe around 20% net after all cost as taxes are high. Must be there to make the numbers work or have great people working for you. I dont want to get into the vacancy and repair jibba jabba. Yes ok return could be less over the years if vacant or in need of repairs.

    EngeloRumora | Ohio Cashflow
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    "Make a PASSION an OBSESSION and you'll never work a day in your life"

    Profile photo of EngeloRumoraEngeloRumora
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    ps. loving the ghetto hahahaha

    EngeloRumora | Ohio Cashflow
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    "Make a PASSION an OBSESSION and you'll never work a day in your life"

    Profile photo of jayhinrichsjayhinrichs
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    englo just like cheating at solitaire if you do not count all costs over time but hey that seems to be the Aussie style on this forum… make up numbers you want to hear and hope for the best :))))))

    Profile photo of lawsjslawsjs
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    @lawsjs
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    As you have seen in the ‘confused Aussie’ post I am certain that the great percentage of these properties that were sold with headline grabbing returns will be available at unbeatable prices in the next 12-48 months.

    Jay speaks as I see it with a slant for the ‘alien’ investor. I would love to see how Kyler operates – he plays in an umimaginably tough pond. Cheeves & Alex’s words ring true every time they write. All these guys are hard working experts in their highly specialised fields. Do not expect to come near their results as an out of town investor – I can’t say enough about how valuable long term knowledge is when you talk about US RE. It is an amazing body of advice they have offered here for free. I hope Aussies here reading this can really join the dots and understand exactly what they are saying.

    Profile photo of KnoxOffKnoxOff
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    condev wrote:
    To get back to the original question, I don.t know  the company US INVEST but you have to understand how far people in the USA will go for $300 to understand the extent to which scammers will go for $3995!!!
    You don't need a middleman, I have bought 5 properties inn Rochester for an average price $25500 each I have built up a team of buyers realtor, Property Manager and Attorney whom I trust. I have built up local knowledge, mainly through their help, and my average NET RETURN ON CAPITAL IS 30%( from year 2 onwards) The first year there are reno's, evictions of long term tennants and a general bedding down.- my worst return in year one is 15 %

    When i was in the US   i  was warned many times  not to leave the GPS  in the car because the windows  would be smashed
    by thieves

     so i   stupidly ask  what  do they do with them then  and was told they sell them on ebay

    ARE YOU KIDDING ME
     some guy will   walk around  the suburb  all night  looking  in car windows
     smash up  the windows……..  run the risk  of  getting caught  and going to  jail
     come home  and do Ebay  listings    on his laptop ( probably also stolen )
     and then    go to the post office  and  mail it of to the buyer

    They cost  $100 new !!

    what are  you going to get  for them on Ebay  $40  ?
    bloody     lot of work  for 40 bucks
    almost make you want to give up crime  or set  up a thief union

    Profile photo of KnoxOffKnoxOff
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    @knoxoff
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    lawsjs wrote:
    I can't help myself with this subject. . In cases I have come across there is nothing more than a desire to extract as much income for the end seller as possible. These guys, it must be remembered, can read like a who's who of banned company directors in their home countries. These guys are the type who would have moved from roofing insulation to school halls, solar panels and then had the brains to discover real estate in dodgy US cities.they are flogging you.

     water tanks
    ostriches
    google  adds
    sandlewood
    slimming tea
    black box  share trading
    glossy prosectus horse racing scams

    Profile photo of kylermricekylermrice
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    It's sad, really sad this happens in this country.  Drugs and no hope for the future, the American ghetto.

    Profile photo of EngeloRumoraEngeloRumora
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    @engelorumora
    Join Date: 2010
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    Hey Kyler,

    What long term return are you getting on your investments? Give me an absolute minimum return based on worst case scenario. Not a "your house burns down worst case scenario''. Lets say 8 months rent with 10% repairs and pump up the managment fee's, insurance and council and school taxes.

    Thanks

    EngeloRumora | Ohio Cashflow
    http://ohiocashflow.com/
    Email Me | Phone Me

    "Make a PASSION an OBSESSION and you'll never work a day in your life"

    Profile photo of Alex SCAlex SC
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    jayhinrichs wrote:
    englo just like cheating at solitaire if you do not count all costs over time but hey that seems to be the Aussie style on this forum… make up numbers you want to hear and hope for the best :))))))

    I agree with Jay 150 % some people make numbers work for them.  Not basing all the cost involved. These super higher returns though attainable. They are rougher properties and tenants  to deal with. I know I own some of these type deals. Yes Cash flow is great headaches wow rough very rough . Being I manage my own properties and others I can deal with these situations when they come up.

    Making numbers work is never a good thing for some one selling or buying real estate

    Profile photo of ProppyProppy
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    @andventer
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    WATCH OUT FOR USINVEST. They create the image that the only fee they take is the buyers agent fee of $3995. They do not tell you that they struck a deal with the owner whereby they in fact purchase the property and then sell it to you at a much higher price. And then they have the audacity to charge the buyers agent fee on top of that.

    They load the price so that it still is cashflow positive and appear good on paper even though it is overpriced compared to similar properties, however just because an investment is profitable does not mean you aren’t paying too much for it.

    They also tell you on their website that you can get financing of 5.5% but when the real deal comes the rates are over 10%. Also on their website they promise a loan originator’s fee of 1% but when the real deal comes you pay 5%. These guys are just a bunch of marketers who have become greedy. All of them are still very young and surely still wet behind the ears. They are so disorganized the right hand does not know what the mouth has promised. They are making in excess of 20% profit on each property they sell. They are very good at marketing but not at anything else.

    Much rather do this on your own. Get yourself a registered real estate agent (well known brand) and do the transaction yourself. Make sure you use an independent property inspector.

    Profile photo of G ParkerG Parker
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    @gparker
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    Would love to hear from anyone who believes they have been defrauded or lied to by US Invest.
    All replies will be 100% confidential.

Viewing 20 posts - 41 through 60 (of 71 total)

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