All Forum Posts by: Account Closed

When you say macro level information do you mean things such as population data? If you want data the U.S. Census Bureau has plenty of it - income, population growth, healthcare coverage, household stats, building permits, employment - the list goes on. Hope that helps

It depends what you want to achieve? If you are only looking for cash flow the Australian market is expensive and cash flow is rather low. Expect to see 2% cap rates in some areas. High capital growth if you pick the right area. Commercial properties tend to cash flow higher than residential but we are still talking 5% cap rates.

Also keep in mind currency fluctuations can impact your returns. For example if you make 10% and the currency shifts 10% at a time when you want to get your money back you just made 0%

Happy to chat further.

Thanks @Chris Seveney

I came across note investing in the book a perfect storm by Jay Hinrichs and David Newton and recently got into a position to buy notes. I've looked into a few companies and during due diligence found out that some HMLs aren't licensed but sell loans anyway which my attorney said is a huge red flag.

Other than checking that a company is licensed and checking places such as Google and the BBB does anyone have any tips on evaluating trust deed investments? Of course I would be looking at properties and borrowers on the actual loan if I went ahead but I haven't got that far yet.

4) That using OPM is a great way for a newbie to get started with notes

5) A heavily discounted note means it is a great deal

@Jay Hinrichs I'm not active on the Australian forums yet but I suspect it would be targeted as well. Still new to investing so I might end up getting on propertychat at some stage soon. I've got a great mentor over here so haven't had the need yet.

@Jay Hinrichs I had exactly that experience when I made my first post on bigger pockets. I was contacted about great loans on great terms but the person didn't even have a business email address. Too many red flags.

Thanks for the list of lenders one of them operates in one of the markets I am looking at.

By the way your book A Perfect Storm was a real eye opener and stopped me short of making some rather stupid mistakes.

Start small and don't borrow too much. Something with basic cosmetic renovations. 

Better yet see if you can find an experienced flipper and ask them how you can help them out in exchange for some mentoring. 

I saw something that might suit you the other day. Not sure what they are like but First National Bank of America offer ITIN loans (sometimes  but not always available to foreign investors) and loans on unique property which includes mobile home parks.

You could house hack a flip. You live in the house and as a result can keep an eye on the work being done and if you want you can do some of it yourself such as painting. It's a real eye opener and you get a place to live and something that if done right will make you money. It's also helpful if the contractors fall behind or run into problems along the way.