Hi guys,I'm from Australia and I've just dipped my toes into the Atlanta REO market buying 3 properties in the last 2 months.

I am not an attorney but I manage over 600 properties and am a part of NARPM as well as a speaker both across the US and Australia to discusss mistakes owners make by not know the current local and federal laws and end up costing them big money just to try and say they were smarter or right. 

Write your postHi,I'm from Australia.

This concept is identical to banks or any credit-granting institution charging a higher interest rate for a perceived higher-risk loan.This is an extreme example, but should be a fair way of exhibiting cap rates fall in line with the risk of the underlying investment.If you are analyzing a deal involving cap rates, it is highly advisable to have a commercial broker involved to help provide that local market perspective on appropriate cap rates for the area.

NSW is in Australia, it's a state, Sydney is the capital city.

But I can say the statement holds true, again as a generalization, for most people who are poor they exhibit poor (financial) ways.

And the funny thing is, neither of the people who WHO BROUGHT UP IN THIS THREAD exhibited those stereotypes you ranted about.In my book, that's "100% certified" racist.

The US is very similar to Australia but unlike Australia, those who came here were driven to make their life better whether it was religiously or economically.

I know the seller is motivated and I hope to get a better than asking deal, I'm just worried I dont the language of deal making or I might inadvertently do something wrong to screw up the deal since I am a newbie. 3) On the MLS sheet it says "Lead based paint exhibit available" what does this mean?

Hi everyone, I am an Australian who already has a portfolio of properties in Australia.