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  1. engelo10

    Buying in Atlanta

    Thanks for your post Lawjs, I feel like a kid in a candy store here in Ohio. Not much movement here regarding growth but its a very stable cashflow market. Anything within close proximity to good schools, hospitals or Universities will rent like hot cakes. Takes time to adjust to the...
  2. engelo10

    Buying in Atlanta

    I would very much also like the AUS to drop lollol There has been quite a shift in the US recently. Looking forward to the next few years.
  3. engelo10

    Buying in Atlanta

    Very true D.T. Oh well its something one must put up with in order to steal all of the cheap properties :) Thanks and have a great day
  4. engelo10

    Buying in Atlanta

    Hey guys, There has been lots of growth here on the East and West coasts. Not much movement in the Midwest. Some amazing values being offered in Michigan, Ohio, Indianapolis, Missouri, Kansas. Midwest is more of a cashflow play and I predict much slower growth. I have been living...
  5. engelo10

    Buying in Atlanta

    Hi Chindonly, Thanks much appreciated. I would consider the area a bit higher risk than what the other guys in previous posts are buying in Atlanta but the numbers definitely work. Being on the ground also I have the privilege to be patient and wait for the best deal to come along before I...
  6. engelo10

    Buying in Atlanta

    Hi DavidMc, I believe these guys will figure something out. There are some smart cookies here in the US hahaha Have a great day.
  7. engelo10

    Buying in Atlanta

    Sure mate, I feel some tension in your post. Lots of eye smudging from turn key operators. Sad to see foreign investors not shown the true net figures. Estimate on "real life" figures below: Purchase and rehab - $45,000 Rent - $900pm Taxes - $700pa...
  8. engelo10

    Buying in Atlanta

    Hi handyandy, Thanks for your message. Please clarify "real life" numbers? Nothing to worry about guys. I'm not selling you anything lollol The numbers mentioned in previous post are what an any investor could enter the market for and also complete the rehab. Thanks
  9. engelo10

    Buying in Atlanta

    Hi MTR, Thanks for your post. I am fully aware of all maintenance costs associated with these types of properties as I have lived and breathed them for the past year and work with a gentleman that has done the same thing for over 20. The numbers work very well in our opinions. Thanks...
  10. engelo10

    Buying in Atlanta

    Hi Karina, They can be bought for around $30,000 and need around $15,000 in rehab. They are 50-60 years old. Rents between $900pm - $1,000pm. Section 8 is higher. Taxes are around $700 per year and insurance $400pa. Thanks
  11. engelo10

    Buying in Atlanta

    Hey guys, If you have some spare time have a look at a suburb in Kansas City called Ruskin. Solid B class area with values prior the GFC of around $80,000 - $100,000. Previously an owner occupier area and now its 50/50. Some stellar deals are to be found with a low entry price...
  12. engelo10

    Buying in Atlanta

    Thanks Karina, There are still great deals to be had all around the US. Exciting time ahead. Thanks
  13. engelo10

    Buying in Atlanta

    Hi MTR, Thanks for your comment. Not sure to be honest. They also aren't buying in Indiana, Ohio, New York. What do you think is the reason? Thanks.
  14. engelo10

    Buying in Atlanta

    Hi MTR, Ohhh Yes. Its a different world being here on the ground and seeing it first hand. I have been to numerous seminars while living in Sydney and have seen the properties promoted by many turn key operators and also the way they crunch the numbers. Its very sad stuff as it makes...
  15. engelo10

    Buying in Atlanta

    Hi Goldenfuture, I wouldn't be investing in the US market with the hopes of capital growth. This is a big uncertainty and anyone that guarantees a particular area will go up in value in the near future is full of it in my opinion. Investing shouldn't be based on capital growth...
  16. engelo10

    Buying in Atlanta

    Love your work mate, There isn't much on US investing on SS. Engelo
  17. engelo10

    Buying in Atlanta

    Hi MTR, Thanks for your comment. Well done. All sounds good. Regards, Engelo
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