400 doors...
Mobile Home parks (2) 100 plus SFR and growing at 10 a month in 4 markets.
We have a very unique model that we use for our US investors. so we have a combo of PPM funds individual ownership and partnership ownerships... Depending on Asset. Back ground is hard money lending and will be firing that back up in 2012 we are actually working with OZ FP plannners on a ASIC registered fund... goal will be to pay 10 to 12% to investors in the fund. These monies will come from Aussies and Superfunds. Ozzie company will be co manager along with my Mortgage company in the states. We will focus on lending money to the first Generation wholesaler and Bulk buyer, short term loans 6 months or less all first position. It will be a nice alternative US investment without all the trouble of owning real estate and the undcertainties more of a fix income managed fund based on US first Mortgages. Just like buying the underlying asset. There has never in basic memory or history, been a better time to enter the lending arena in the US. Prices have been smashed capital is tight. And there are good operators that have pipelines of buyers they just need reasonbly priced and accessable capital to aquire rehab and sell their product.
Prior to moving to the Equity side in 08 and loading up on these properties, I was only a lender averaging 40 to 50 private money loans a month to the fix and flip crowd. So now that values have basically bottomed its time to jump back in. And the Ossie True Arm chair investor that is risk adverse is going to get an opportunity to invest with a company that is managed by Aussies at home and Extremely seasoned management team in the US.
Could be a nice alternative to going it on your own. Certainly cheaper just walkin to your OZ FP and write a check
since I am new not sure how much I can really talk about our investment strategies and not be labeled a spruiker. I just find the Aussie investor interesting, completly different than my US clients. US clients think Capital preservation first and foremost and return is nice but does not need to be sky high, Its seems the Aussie fixates on % returns first then takes the attitude hey these houses are so cheap I will try a couple and see how it goes but I want my 16%
Welcome to the forum twh. Great first post. Appreciate your insights about liens and umbrella policies. I haven't invested in the US yet, so all of this is news to me. Still reading and absorbing information from those who are doing it.
Four hundred doors, eh?
I, for one, would be keen to hear of what these entail and, I'm sure others here also.
Are they a mix of SFH, multi's (MFH) and what locations are you exposed to? How do you superintend the management of such a portfolio? If you are inclined, please share.
Again, welcome to SS forum
Mobile Home parks (2) 100 plus SFR and growing at 10 a month in 4 markets.
We have a very unique model that we use for our US investors. so we have a combo of PPM funds individual ownership and partnership ownerships... Depending on Asset. Back ground is hard money lending and will be firing that back up in 2012 we are actually working with OZ FP plannners on a ASIC registered fund... goal will be to pay 10 to 12% to investors in the fund. These monies will come from Aussies and Superfunds. Ozzie company will be co manager along with my Mortgage company in the states. We will focus on lending money to the first Generation wholesaler and Bulk buyer, short term loans 6 months or less all first position. It will be a nice alternative US investment without all the trouble of owning real estate and the undcertainties more of a fix income managed fund based on US first Mortgages. Just like buying the underlying asset. There has never in basic memory or history, been a better time to enter the lending arena in the US. Prices have been smashed capital is tight. And there are good operators that have pipelines of buyers they just need reasonbly priced and accessable capital to aquire rehab and sell their product.
Prior to moving to the Equity side in 08 and loading up on these properties, I was only a lender averaging 40 to 50 private money loans a month to the fix and flip crowd. So now that values have basically bottomed its time to jump back in. And the Ossie True Arm chair investor that is risk adverse is going to get an opportunity to invest with a company that is managed by Aussies at home and Extremely seasoned management team in the US.
Could be a nice alternative to going it on your own. Certainly cheaper just walkin to your OZ FP and write a check
since I am new not sure how much I can really talk about our investment strategies and not be labeled a spruiker. I just find the Aussie investor interesting, completly different than my US clients. US clients think Capital preservation first and foremost and return is nice but does not need to be sky high, Its seems the Aussie fixates on % returns first then takes the attitude hey these houses are so cheap I will try a couple and see how it goes but I want my 16%