All Forum Posts by: Troy Williams

Hi @Sandra Hart,  @Timothy Riley & @Scott Meehan  did any of you have a good experience with Latter & Blum or find another?

Looking to make offers in NO next month and will need a solid PM team on the ground.

no way of knowing if that rent number is accurate without size and number of bedrooms/baths and the general area town.

regarding the taxes - as I know LA has the lowest taxes in the country.  I've used this site for quick reference when I'm doing deal research.  -->http://www.tax-rates.org/taxtables/property-tax-by...

according to this site @Destiny Prince your taxes seem OK.  However, based on some other threads on NO insurance, your numbers are way low.  New Orleans owners of multiple properties have quoted $300-400 month for insurance (NSC, Flood Insurance, etc,).  I would double check that.

Anyone else can confirm these crazy high insurance prices?

hi  @Jessica Wilson. DO you mind me asking what area of NO you made your offer in and what type of property it was (i.e. SFH, triplex). I will actually be in NO in a couple weeks looking to hunt down some deals as well....curious to hear what other are seeking.

@Matthew McNeil & @Dean Letfus  are right.  Many countries regulate the flow of money in/out of their country.     I can't speak for Mr. Uganda, but I've lived overseas for almost 15 years and even my 100% legit money cannot just simply wired across borders.  In fact, some countries put a limit on how much an individual's money can leave the country, even if you can legitimately prove you make much more.   This leaves a person to deal with buying fancy watches, or simply carrying the 10K limit over in cash on every trip home.   You learn to be creative!

I see Jeffrey is a gambler.  :)

Good feedback @Austin.   Do you mind my asking which sites you use for checking crime rates.   I've tried Trulia and Richblockspoorblocks, but guessing there is something more accurate and current.

Awesome. Well noted. thx again for sharing!!!

@Aaron K. thx for the reply. I should clarify that I didn't mean to suggest long term gains are't important or worth considering. The goal, however, is to have best CoC Returns in passive income, while the long term gains of appreciation in say 10-15 years, are more of a given. Even though having someone pay your mortgage is great, the short term goal is not just to break even, but to provide highest possible monthly return as well, while those appreciations take place. These "short-term" gains also provide a buffer towards long term sustainability. For example, if I can get 3x more than my mortgage in rent (at fair market value), then I also have more cushion to lower rents and absorb vacancies during downturns, thus ensuring I can keep my properties and long term gains.

Curious, the locations you mentioned ...did others share any numbers to support? I, for example, own properties in Pueblo, CO. Currently get between 10-14% CoC Return (including CapEx) for properties under 200k mark. Highly doubtful I hit the jackpot picking this location so wondering where else in the country can perform better.

@Brandon Zeng  I'm an American living in Shanghai for almost 15 years, also buying properties in the US.  I have some Chinese friends here we have also been discussion how to work on deals together so that the deposit and rates are better.  I also have a wechat group here in Shanghai that has an interesting mix of foreigners and locals from all over China interested in all things real estate. We can connect here on BP and/or wechat (ID troy7845). 很高兴认识你！

Hi Patrick, not in Shenzhen but not too far away (relatively)...Shanghai.  I have a wechat group here in Shanghai that has an interesting mix of foreigners and locals from all over China interested in all things real estate. You are welcome to connect here on BP and/or wechat (ID troy7845)