Archive for cashflow
A big thank you
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A Big Thank You Hug
I am humbled by the many clients who have thanked me for my efforts with introducing them to the USA cash-flow market.
And again this morning I had a client email me to thank me for introducing them to Memphis as an investment city. Their first purchases are performing as planned and they now want to know when we can go back again so they can buy more!!
It has been a bumpy ride trying to navigate the recession and the dishonesty that seems to come out in people when under pressure so I can’t express how gratifying it is to have found a solution for people that is transparently simple, honest and really, really works. And to have the most meticulous and careful clients coming back for more because of their success is about as much as you can ask for in business.
It’s often hard to pick the bottom of a market, currency or business and international investing is no exception. However it is pretty clear that with our dollar high and the US retail market depressed now would be a good time to invest in the USA.
$20,000 is all it takes to get started 
.
If you’d like some more info about USA, Memphis investment properties and some current opportunities I hope you will join me live from Memphis on the 17th August for my free webinar “USA Property Live and Unplugged”
No matter where in the world you live or work we can help you retire early, so get registering…..
@ 8PM NZ Time August 17th https://www1.gotomeeting.com/register/723163264
@ 8PM Singapore Time August 17th https://www1.gotomeeting.com/register/736234160
Get Going and Stay Safe ~ Dean Letfus
How to sell 13,000 houses in 8 hours :-)
Posted by: | CommentsI attended my first Atlanta foreclosure auction today and unlike many cities Atlanta only has their auction once a month.
So you literally watch auctioneers read out THIRTEEN THOUSAND properties of half a dozen different courthouse steps all in a day.
Every property sells, either it becomes owned by the lender or is bought by a bidder.
It is fascinating to watch as an outsider but also sad in many ways to know that every sheet of paper is a family losing their home. In fact there are some tenants/owners who come to the auction in tears hoping that maybe somehow their home wont be lost. Of course this doesn;t happen. Every single property that is called out, (they call it “crying”), changes hands.
IT doesn’t look like much from the road but up to Five hundred million dollars worth of property will change hands here today.
The process is weird to stand and watch:
See the guys with the clipboards standing straight out on the steps, they are all reading out foreclosures simultaneously. Up to ten of them will be reading at a time and the buyers have to find the right person with the right foreclosures to bid on. Be ten seconds late and that’s tough.
The serious “players” employ people to wander round and bid on some properties so that their competition never know who is working for who and who is buying. It’s like a mafia deal in some ways.
Then if you win a bid, you have to go and present a bank cheque on the spot. You now own the property. So some people are wandering round with up to half a million dollars worth of cheques in their pocket.
An amazingly inefficient way to sell houses but that is the American Way.
Having learned a bit more about this process I am even more convinced that the only safe way to buy in the USA is to buy form Turnkey Providers. Buying at auction is a ruthless, complicated science.
My turnkey provider company in Atlanta has multiple teams working night and day for a week before the auction to make sure they buy the best properties without issues, other debt or any other of a dozen things that could make a really cheap property a bad deal. And they ruthlessly pursue only the properties that will be the best investments for their clients. So let them make the buying decisions and we can just benefit from the end deal.
I will have some fresh stock on Thursday in Atlanta, email me if you’d a copy. The quality of property here and the yields are incredible.
NOTE: The Memphis list basically sold out as soon as I sent it, so only ask for this list for Atlanta if you are serious about buying . SEND ME THE LIST
Get Going and Stay Safe ~ Dean Letfus
As the world unravels…..
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I was talking to some friends in Kuala Lumpur yesterday, one had just ought a property next door to the other. The interesting fact was that over ten years ago the first friend bought his property for $280,000.
So the other friend is buying the property next door, (in a complex so identical), this week for $250,000!!
This is a 10% decline in value over a ten year period!!
I can cite similar numbers in most countries of the world currently thanks to the GFC.
So the big question is do we take advantage of this or jump out of windows??
The more I see what is happening currently the more I believe we are seeing a massive shift in primary investing rules.
The fact is that investors with no debt and strong cash flow are completely unaffected by the current situation and able to continue their financially free lives while the world falls apart.
And I understand why people like Harry in Australia, Donald in the USA and even myself who have suffered at the hands of banks now officially “hate” them.
So the new over riding principle for successful depression proof financial freedom must be
“STRONG CASHFLOW AND NO DEBT”
So how are you going to get SCAND??
Get Going and Stay Safe ~ Dean Letfus.
PS: One solution to getting SCAND quickly is available HERE
A good day
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I decided to go for the subdued, quiet look on this trip
I don’t know how but I seem to attract friends and clients who are just awesome people. None more so than the group of friends who are on tour with us in the USA. To have a large group of people, many of whom don;t know each other, click so well and be so understanding and excited together is impossible to put into words.
And I guess more importantly to have people enjoy the opportunity to create cash flow is exciting. I asked a couple of the attendees today if they were 100% satisfied with what they had seen and what I had said pre trip. “Did I over sell anything?” I asked.
“Oh no, not at all”, was the reply.
“We appreciate that you can only give us your opinion but everything you have quoted is exactly what we are finding ourselves now we are here”.
I can’t ask for more than that!!
I’ll get some pictures up tomorrow of some of our purchases but this is just to express my gratitude that in a world full of angst and difficulty New Zealand is full of wonderful people and it is my privilege to get to know so many of you.
Some of our people have friends and family in Christchurch, (who doesn’t), and our prayers and condolences are with you all. The news coverage here in the USA is quite high profile but we keep seeing the same shots of the cathedral and the Grand Chancellor hotel and not much up to date other info.
Get Going and Stay Safe ~ Dean Letfus
More on USA cash flow tours HERE
Like a wonderful dream…
Posted by: | CommentsI am sitting in Memphis with a group of friends looking at real estate.
I have just looked at the lowest return property available to buy as a rental and it has a NET return of 9.56%.
Even my wife is smiling .
Understanding this market and learning how to benefit from it is finally giving us a permanent long term solution to cash flow so one can actually retire easily with US diollar income.
In NZ it took me 20 million dollars worth of property to start to develop good passive income and the amount of debt I incurred mens I was very exposed if things went wrong. Here for a total investment of $500,000 I can produce $100,000 truly passive income AND have the entire portfolio completely debt free in ten years.
Just absolutely amazing. Our property manager here has over 400 rentals himself proving that any “normal” person in a “normal” job can achieve great results.
So hands up if you are normal and would like to replace your income passively and safely.
Wow everybody!
Well why aren’t you here with me and my friends then
Get Going and Stay Safe ~ Dean Letfus
Join us HERE
Gross is well, gross :-)
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Yesterday I talked about the need to revisit our investing goals based on the fact that the market may be flat for a looong time and inflation will eventually appear.
So to combat that we want cash-flow right? So understanding yield is important. I have explained this in detail before HERE but just a heads up that the rampant “Gross yield is amazing” brigade are back.
In fact on Trademe right now there are a lot of adverts form property finders even quoting gross yield like it means something. This is a most misleading tactic often used by agents, so sad to see it used by other professionals. The point is though to know the difference between net and gross and never assume the figures are net unless you have it in writing and they can be verified. Check out THIS for more details.
I see an increasing amount of cleverly written ads spawning in the last 4 weeks, DON’T GET SUCKED IN!!
Get Going and Stay Safe ~ Dean.
My 1000 slots are filling fast for next weeks webinar on safe USA investing,
Register HERE if you want to join us ASAP
