Invest in NZ - not in US properties is my mantra

[Dissindat]

Single Family Residence
MFR = Multi Family Residence

[Perry]

Sure-Fire-Return?

[halfempty]

Shack For Rent?

[ream]

Single family residence?

[muppet]

What is a SFR Dis?

[Dissindat]

There is more and more non conforming lending coming back into the market. If there ever was a time to get rich in the USA, it surely is now! I just bought a SFR in Phoenix for $38,000, rents for $850 a month. Completely paid off in under 6 years!

[donna]

will be back in 10 days - probably need to promote or sell something by then?

Do your 'promoting' in the appropriate forum Kerry - not in this discussion - thank you.

Cheers,

Donna

[Kerry Christian]

Hey

Kerry
You seem to post on this site every ten days or so, and say........well.... nothing.
A cynic might suggest it's just to keep the thread active, and spruik your US property selling company.
Just as well there are no cynics on this site.



Yep - must be 10 days - just spent time with a US bank - they want to offer me a no recourse - asset based loan in NZ ( with a 50% deposit)

They also offered me the chance to open a USA bank account without going to the USA and fronting up - and yes clients of mine have been offered the same.

So Spieghts boy - are u interested? Dannemora type properties that sell for 500K for 60K?.... with a loan that is no recourse, asset based and you can borrow 50% with a 50% deposit. (This is with a real Bank)

will be back in 10 days - probably need to promote or sell something by then?

May see you in Qtown at the NZPIA event

kerry

[jaxy]

Watch out US property investors. You may have to compete with a lot of State houses as per this quote

http://www.joe-duarte.com/saved_news...market_IQ.html

News For Thought Government to become Real Estate Investment Trust? The U.S. government may become a giant landlord as it looks to rent foreclosed homes essentially owned by Fannie Mae and Freddie Mac, both recently downgraded agencies who continue to suck down billions of taxpayer money on a regular basis. According to The Washington Post: "the Treasury Department, the Federal Housing Finance Agency (which oversees Fannie and Freddie) and the Department of Housing and Urban Development on Wednesday - put out a “request for information” seeking imaginative ways to clear the backlog, particularly by turning foreclosed properties into rentals." The real question is who will rent these houses? How will the government subsidize the renters? And what will this do to the demographics of established neignborhoods? One fellow we speak to on a regular basis has been predicting this kind of activity for months now. His suspicion is that the government may turn neighborhoods throughout the U.S. into what he calls "section 8 housing." When Chaos becomes Disorder, all the expectations fueled by custom should just be thrown out the window.

[WGN ex-property manager]

Just as well there are no cynics on this site.

Speak for yourself :-)

[speights boy]

" Faced with the police and a foreclosure attorney, the bank president was forced into action. The bank cut the couple a check for the amount owed and apologized for the delay, citing the lawyer contracted to handle the case was no longer in the business."

Dave
It's not that an error was made; what gets up everyone's nose is the sheer arrogance and incompetence of these behemoths.
As most people know, this attitude and incompetence is not unusual unfortunately.

Kerry
You seem to post on this site every ten days or so, and say........well.... nothing.
A cynic might suggest it's just to keep the thread active, and spruik your US property selling company.
Just as well there are no cynics on this site.

[DaveW]

BRILLIANT !!

Florida Couple nearly forecloses on Bank of America

Remember mortgages in the US are up to 30 year terms and typically stay with the house when the property changes hands. It is unusual in this case it is a bank error though.

[Kerry Christian]

Team

I have read the posts

Hope you have a great time explaing your positions...?

Actually - good question? do we all want to have residual income through property?

So where do I invest?

[speights boy]

BRILLIANT !!

Florida Couple nearly forecloses on Bank of America

A Florida couple purchased a home from Bank of America. Warren and Maureen Nygeres paid cash for the home located in the Golden Gated estates in Collier County FL, but that didn’t stop Bank of America from trying to foreclose on their home.

http://news.wooeb.com/750181/florida...ank-of-america

[speights boy]

..... personally after traveling to the US and having a look personally I really wonder why we promote New Zealand

Kerry
Perhaps it is because you can recommend your own attorneys, contract negotiators, PMs, accountants to your clients when they buy the properties you are promoting in the US.

" Sourcing the right properties for our clients doesn’t stop there. As part of our commitment we offer a fully tailored service for a totally hands off, or passive investment. This includes property management, construction and maintenance, attorneys, contract negotiation, mortgages, US bank account setup, and everything else you can think of."

Why is it Spruikers seem unwilling to answer a direct question, such as are they in the business of selling US properties?