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Cashflow: Im just out the door on a VERY long day, but basically regarding finance - explain to me HOW they are achieving a valuation. It is NOT through any legitimate valuation service I am aware of. ROLF????? Am I wrong here? That is a grave concern to me. I have reno'd maybe 12...

Reformed Sceptic. I do take some offence at your comment 'What fees do you charge Emma, Lawssj, I am damn sure you don't spend most of your wakeing day handing out "advice" for free'. I do precisely that. I was an invited speaker at seminars for Town & Country years ago and was then...

Thanks for the response reformed sceptic. I really hope you are right and I am wrong. I don't play in this market so I don't care, but I do think it is highly suspect. My views, thoughts and opinions have stood me in good stead over the years. And I was heavily invested throughout subprime...

I will add one more thing WG - and others. 7% for five years.... I'm a bit slow, that just sank in. I trust anyone who has read this bit of this post in an unbiased fashion (ie:everyone agrees with me:) ) to at least suspect that a lot of these financed properties are overpriced. **** In the...

WG: From Cashflow's comment he got 70% LV on a property 'worth' $90k. I have no reason to assume the 'real' value of that property for financing purposes was determined in anything other than a roulette style (or dartboard) approach. I mean seriously, how could it? How could any legitimate...

I haven't checked, but Bevk, I think you should be VERY quick buying that one before you get crushed in the rush of Aussies desperate to pay $88+k. I would guess they will only buy and sell it when someone pays them a deposit - or a 'joining fee'... Why spend $14,000 BEFORE you sell it for...

Mandyh, Don't ever think any differently! Even expensive finance is still finance! Its just a matter of weighing up costs/rewards. I still have questions about how they protect themselves (which often brings up hidden fees) but what you presented was really very good info. There are a lot of...

Perp, The percentage markups are undoubtedly massive. Truly massive. And as Emma said (exactly like sub prime) in the 100 properties, who gets the Aaa tranche and who gets the Bbb? In fact that is incorrect because by definition all these places are the Bbb MAXIMUM properties. So even the best...

I want to be a reformed sceptic too. Unfortunately I find it very difficult to see fairness in these types of transactions. I add a request to MTR's for your exact figures. Lets debate them and if incorrect I will be very happy to say so.

My agent just sent me this: Double-digit rent rise is coming to the housing market. Les Christie, staff writer, On Thursday March 17, 2011, 11:05 am EDT Renters beware: Double-digit rent hikes may be coming soon. Already, rental vacancy rates have dipped below the 10% mark, where they had...

MandyH - Patience Grasshopper:):) Feel sorry for the next person to stumble across this gargantuan thread. They will have to read your additions as well!

That was a very appreciated comment Mandy. There comes a time when you need to stop asking questions and actually do something (there are many examples of analysis paralysis) but ESPECIALLY when you are dealing with a very foreign market a long way away you need as much knowledge as you can...

Mandy - this gets to why I DONT buy foreclosures. Basically they are cash sales for a reason. You CAN do very very well (Emma has helped one person get almost 100% profit in a couple of weeks - I know there are more who've done as well, she only told me of one - privacy!) but you need to really...

I quite like a flamboyance of Flamingoes.... I am not religous and don't give two hoots about other people's religion, but I HAVE been to Florida so a Synagogue of Flamigoes might be appropriate too:)

I agree with Aaron. It is a lot better than no offer of finance at all, but there are some major issues I don't 'understand'. And the one issue that they are affiliated with two tiered marketeers:) Principally to do what they are doing by definition means they are very happy to finance...

Yes, you are correct re banking, but the removal of hassles is huge.... Just get the rent sent once every 3 or 6 months. Got say, I am (so far) quite impressed at the finance. 8-9% probably takes the fun out of the game for me, but on the surface it looks like they might be genuine. And...

MandyH I cant work out how to do quotes either:) The website looks OK. I look forward to hearing back from them myself. I need a new hat anyway:) Rolf - Can you help us out here? Heard anything about these guys? What are your thoughts?

Straight into your regular Au (or UK or Polish) bank account, just like any Australian property manager would do... Emma was a genius working out how to get that one happening... Be interesting to hear the response on finance. As far as the US is concerned NO BANK will touch subprime areas so...

Flamingo's! Of course!! Silly me... Well haunted:)

1031's are US tax law. Therefore anyone paying us tax must comply with the rule.... ;) MandyH - Thanks for the response! So that finance is only for their own properties? In other words they are only financing their profit to you after you pay them all the money they need to make a 'normal'...