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Old 01-02-2011, 01:39 AM
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Il Pizzaiolo
 
Join Date: Apr 2007
Location: Adelaide, South Australia
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Thumbs up Re: Current US Investment property thoughts?

Brickie i Oz,
thanks for the article, that's pretty much what I have established so far from my investigations. My brother who lives in California, claims that his wife is prepared to liquidate her investment properties in the US and invest in Australia as she can get 6-7% from the banks where she is really struggling to get 2-3% in the US. The tenant in the US have a lot more and different benefits to those here in Australia.
I have also been in contact with 888 Real Estate in Byron Bay, who has offered much more realistic pricing for properties than some others based in the States.

Cheers.

Neill
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  #12  
Old 01-02-2011, 09:15 AM
Master Builder
 
Join Date: Mar 2008
Location: Washington State USA
Posts: 777
Default Re: Current US Investment property thoughts?

Neill, Here's another story about how the US housing market hasn't finished correcting yet:

Real estate: Now is the time to sell your home, real estate consultant says - latimes.com

Bests,
Wiley
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  #13  
Old 01-03-2011, 04:03 AM
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Thumbs up Re: Current US Investment property thoughts?

Thanks for that Wiley,
I can't really imagine what it would feel like having your heart set on home ownership, getting the house of your dreams, (or any house for that matter), only to have it ripped out from under you through little or no fault of your own.
I have read much of your link and decided not to persue the venture, just leave the cash in the bank where at least it is safe (or as safe as cash can be).
I must admit though, that a real estate agent who is sending me property information with photos, (all vacant posession), look very inticing. If I were living in the States, with the capital at my disposal, I would most certainly invest in the market, but being 12000 to 15000 km away and having blind faith in real estate people who have my wallet in their sights, is not in my best interest. I am not a gambler and like to ensure that my 2 feet are well and truly on the ground. That said also, I am not afraid of hard work and do many tasks to renovate and improve real estate property.

Thanks for the link and the info.

Cheers.

Neill
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The more I learn, the more I realise how little I know


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