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All Forum Posts by: Troy Williams

Troy Williams has started 13 posts and replied 181 times.

Post: Container homes- anyone ?

Troy WilliamsPosted
  • Rental Property Investor
  • Florida & Shanghai
  • Posts 192
  • Votes 68

anyone have info how to best find properties that allow for container homes to be built?  I understand you have to check with each local county or city zoning department, but was hoping someone might have experience or links to resources that can identify the zones classified to allow containers and/or areas they have built them on more quickly.  Checking with the departments one by one for each land listing that looks promising seems very inefficient.

Thx,

Troy

Post: Coronavirus Impact on Housing Market?

Troy WilliamsPosted
  • Rental Property Investor
  • Florida & Shanghai
  • Posts 192
  • Votes 68

Sharing some first hand experience...I can assure you the threat is real, but they've definitely gotten a bit extreme in their efforts to contain; mandatory self-quarantines at home for everyone in the country, masks at all times outside, daily online work reports to submit to govt, and I have to have a pass to come in and out of my own residential complex. Entire cities (the size of NYC) on complete lock-down.  People are now voluntarily covering their drains at home, wearing gloves, safety glasses, masks and plastic suits walking outside, touching elevator buttons and door knobs with metal prods, followed by immediate torching of the contact points. Police are calling individuals at home to double check of their condition and status. Drones with speakers scanning the intersections publicly identifying those without masks to "encourage" safety. Kind of stuff sci-movies are made of! Yikes! Not to understate the seriousness of those who have died, especially since it isn't over yet, but everything I am explaining is a nationwide reaction, while 95% of the deaths have occurred in only one district and still far less damage than the normal influenza virus.   In that sense I guess containment has worked...we shall see.

Post: Warnings of Recession

Troy WilliamsPosted
  • Rental Property Investor
  • Florida & Shanghai
  • Posts 192
  • Votes 68

There never a bad time to buy, only a bad time to sell.

Post: Who's ready for a Revived 2020!

Troy WilliamsPosted
  • Rental Property Investor
  • Florida & Shanghai
  • Posts 192
  • Votes 68

Been seeing so many threads on the impending recession for so long now, curious to see if any glass half full ideas out there.

I've personally found there to be opportunity in every event in life. It's not a 'yes' or 'no', this is bad thing coming', but rather 'maybe' depending on how you plan, identify, react, and look at that glass in the table.

Onwards into 2020!

Post: House Hacking Partnerships

Troy WilliamsPosted
  • Rental Property Investor
  • Florida & Shanghai
  • Posts 192
  • Votes 68

Hi @Leah Stuever sorry for the late reply.   That was a 50/50 rev-share deal.  For actual investment, I paid 12.5% in cash down, the remaining 37.5% of my 50% share I borrowed from the partner who also bought the other 50% share.   

So in essence, the partner paid 87.5% cash up front, I paid the other 12.5% ...we bought the place in cash and I have a personal loan to pay back my partner for my 37.5%.   We share the profits 50/50, plus my partner gets interest on the amount loan to me.  Worked out beautifully.

Post: Sourcing material in China

Troy WilliamsPosted
  • Rental Property Investor
  • Florida & Shanghai
  • Posts 192
  • Votes 68

Hi @Jay Strickler I'm living in China for more than 15 years now, experience architect and builder who also units in US.  I also know a few good procurement specialists here that might be able to help answer some of your importing questions and ideas.

Post: Escape from China - Within a year

Troy WilliamsPosted
  • Rental Property Investor
  • Florida & Shanghai
  • Posts 192
  • Votes 68

Hey @Dwight Jackson II I've been in China for over 15 years..also planning the exit strategy. If you are looking for low costs but decent returns (10%+ CoC) then I would suggest staying iwth the sun belt states. LA, FL, GA, TX all have deals with purchase prices of 200k or less and giving the performance. The nice thing about moving back to the states after so long is you can kind of look at the country with a clean slate...dont have to make decisions based on what's in your backyard as you could actually choose where the best backyard IS and move there!

BTW, I actually started buying US properties from here ( i live in Shanghai) about 15 months...about to close a deal on #9 this month.    Where are you based in China?

Post: Currently in China with my wife and 2 y/o son. No Credit.

Troy WilliamsPosted
  • Rental Property Investor
  • Florida & Shanghai
  • Posts 192
  • Votes 68

Hi Ezra. I'm based in Shanghai.  Feel free to reach out via wechat troy7845.  We have a great group of people living in China discussing real estate.

Post: US Citizen Expat living abroad, looking for a REI in the US

Troy WilliamsPosted
  • Rental Property Investor
  • Florida & Shanghai
  • Posts 192
  • Votes 68

@Steven Cook i've living in Shanghai for many years now.  I decided 18 months ago to start buying real estate in the US from China and am about to close on my 8th unit.      I've got a decent size wechat group going and some Meetups here in Shanghai where we share mostly educational discussions on anything real estate and the built environment.   Feel free to add my wechat --> troy7845

Post: for all you who think the bay area is going to crash read this.

Troy WilliamsPosted
  • Rental Property Investor
  • Florida & Shanghai
  • Posts 192
  • Votes 68

@Sarah Doogle ignorance is bliss.