What is Really Happening Around The States??

Totally agree.

 

Yep.

 

I have got my 15% yearly from overseas property in the 80s, 90s and low 2000s.

 

Nice, can you please share where? Dallas a recent purchase though??

 

Did you sell it?

 

No, I'm saying about something which is not around anymore and that's why I quit. I don't know anything about market in Dallas.

 

I can't help others, because my own journey is just starting to show some light after 12 years of heavy studies and testing. I will be ready probably in another 2-3 years.

 

My mistake, I thought you recently purchased in Dallas, USA and having some great growth? someone on PC did?

 

Can you share where?

 

Hi Dave
Are you marketing this product for your clients? If not, perhaps you should, it makes sense if they are chasing growth, was this a desktop valuation?


MTR

 

I have purchased in Austin, not in Dallas. Austin is hot - very hot. I had to fight and fight hard to purchase what I wanted in the right place with the budget I had for this.

 

Great, everywhere is hot.
We have a number of properties under contract at the moment in Atlanta, this was only achieved because we are on the ground, hard to do from Australia because you are fighting with everyone, foreign investors, hedge funds, savvy US investors and home buyers.

 

If the "service floggers" are adding value and others recognise this by engaging the service/product offered I think this is a positive for both parties.

If you sign up just to flog stuff then it will back fire.

 

Some are just doing that.

 

It is fine as long as service floggers have their signature at the bottom.

 

Minus holding costs, minus all other costs etc

 

You are right. I had a person on the ground to fight for me. Without that I would still be looking.

 

Market is still strong and growing, if I sell it will be as 2 vacant blocks, otherwise will get new builds on it

Just about every client brief includes an element of equity release with renovation/adding value/creating additional bedroom etc.

In every property report I give a renovation budget, rent as is, rent after a renovation and an estimate of market value after renovation. Whether the client gets full or desktop or doesnt touch equity is up to them. Sometimes they let me know how it went, a recent client got a reval at $60k over purchase price 2 months after settlement, he was a happy camper.

 

Sounds good, hopefully some from Adelaide will eventually post something

Keep up the good work, and why not get some of your clients to post

Great, get them to post some deals, so we can all learn

 

I would say about half or a bit more of clients come from forum members directly, others are generally referrals from brokers and past clients. Bob Shovel posted a few months ago, unfortunately I cant talk about client's deals directly. I am sure if they wanted to share/post they would.