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MTR I am really pleased with our change in property management. Over the years one of the biggest pieces of feedback I had been getting from people is that they wanted property management to run more like it does in Australia. US property managers tend to make lots of decisions without...

Engelo What price do they sell for now and what age are the homes? How about rents?

MTR, The deals you got were what I would call "exceptional" and purchased at the very bottom of the market. I picked up a few myself :) We did pick up a number of deals during that time that were the lowest sale price ever recorded in a subdivision and still are to this day.

Alan, I work on Net yields when calculating returns and factor in all the fixed yearly costs, so Net of county taxes, 8% property management fee, any HOA fees and insurance + any rehab costs and closing costs. Net of these things we are achieving 9 - 10%. The gross yields would be more...

Just got back from Atlanta. There is a lot of interest in the Atlanta housing market from home owners, investors (local and international) and hedge funds. I just purchased another 2 homes. Properties can still be purchased at half the PRE GFC sale price and for half of the replacement value...

Property Expo is on this weekend in Melbourne. We are at stand 217. Feel free to pop in and say hi Here is a link to free tickets for anyone that would like to attend. www.homebuyershow.com.au/special-offers/select-american-homes-free-ticket-offer/ 2012 Melbourne Opening Times Friday 5...

Handy Andy, It did need a full set of kitchen appliances, some minor paint touch ups mainly doors and trims, carpet in main closet, 2 entire garage door opener units(not just the remotes), blinds, fans in bedrooms, pressure wash, some repairs and lots of little things. Th big ticket items...

Handy Andy, I believe Matt was referring to one of the properties he viewed with us during his visit to Atlanta. It is 3300 square feet, 5 bedrooms/3 bath house. The rehab including all new appliances came in at 6-7k from memory. We did have another we purchased recently that was 3500 square...

MTR, Under $20sqft is pretty much gone in this market. I am still finding some deals around the $30sqft mark. We just picked up this one at $58,750 (around $30 sqft). https://www.youtube.com/watch?v=Vff9qrDNVWQ&list=UUtQZwox-2O4ZBo5XwrUGL3g&index=1&feature=plcp Missed out on every...