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None. Used a friend over in USA to lend it for me. He gets 50% of my return till I pay him back to all of you asking why he would do that.
Half from the bank, half from my dad
Got to pay both parties back tho. Have a long term loan with the bank, and dad can just wait hahaHaha, I just love the quotes from the movie. But yea, thinking i’m just going to sit for a bit and keep searching around till I find another property I deem “worthy” enough haha. Plus I don’t won’t to borrow to much money just yet, If I end up borrowing to much and something happens to my investments then I shall be McScrewed
Ok, now thats a little better white_goodman. I understand where you are coming from and after reading your post I understand that yes, I would listen more to peoples views that have been through the boom and bust cycle, and I would never trust just statistics alone. <moderator: delete comment> I had a lot of trouble with them when i used to live there, mainly cause i couldn't keep my mouth shut when i should of but I like to stick up for myself. They are mainly one of the reasons I hate the bay now, and haven't lived there for 6 years. Beautiful place but the people ruin it. So I do tend to get a little touchy over the subject haha. But enough of the sob story. And Iaw, I think thats a photo from Zoolander
or a ben stiller photo great movie tho Ok, now THAT answers my question and I agree I might have been insanely wrong about Vegas haha. Thank you so much iawsjs. That post has got to be the most helpful post I have read on any forum so far. I think this is going to help me greatly
I appreciate all the time you’ve put into answering all my newbie questions Have fun at Melbourne Cup lawsjs,
About your sister buying property in LV, I think she is crazy to invest in property there. I’v been doing some more research and found that LV is forecast to drop 19.4% by the end of next year! Here is a link to prove it
http://cgi.money.cnn.com/tools/homepricedata/index.html
Just select the state and then the city and you will see the figures. Now this site, CNN Money uses data collected from Moodys, the top analytic research company in the world. Now i’m not having a go i’m just curious as to why she is investing there.Speedy,
I was only thinking of investing in cleveland, after doing the research i have done, plus the help of all you guys
I have decided to hold back and just see what happens. I’m very excited to be getting into this area of investing but i think i’m now going to slow down a bit and do my research before i blindly rush in and start buying stuff. In my opinion, the biggest thing I have learnt in life is to be patient. White_Goodman,
What ever that link is, it is way out of date… Like i said to Iawsjs, click on that link above and check out what Moodys predictions are. Memphis is forecast to increases by 7.5% by the end of next year. Unless there is some sort of natural disaster or another GFC, (which there won’t be, we all know that) then memphis is only going to keep increasing in value. As to WHY I invested in memphis is because the houses are cheap, (like I said to Dan, I bought a 4 bed, 2 bath house for only $32,000 which was also already tenanted) and as my first property investment I wanted to start with something with a good return. But as I said before, I’m only 23 and don’t have that much money. Which is why i started small and will eventually work my way up. And maybe have over $10M in property like Iawsjs
one day tho, one day. Yea I get what your saying
thank you for your response I'm only 23 and just starting out in the real estate business so hearing feed back on other peoples experiences is really helpful. Especially successful peoples opinions like yours are hard to come by. Thats why I really liked the US Prime Property website. It seems they are a down to earth, helpful bunch of guys <moderator: delete language>. I just hope this memphis property goes well haha. Being my first investment and all Iawsjs,
I would like to hear your views on why you think Cleveland property is going to only go downhill. I was thinking of investing in some property there to but now you have me thinking haha
I agree with everything you said in your 2nd last post Iawsjs, a commission that high should be illegal. Thats crazy. But in my opinion your a bit mislead about Cleveland. It may have dropped ruffly 6% last year but its forecast to increase 2.8% each quarter till 2012. Its not the greatest market for your average investor but if played right I’m sure there is a bit of money to be made there. But then again I’m only going off statistics and anything can happen to those considering the world economy at the moment. But yea like you said, we will all know in 5 years
I appreciate all the time you’ve put into answering all my newbie questions 
Have fun at Melbourne Cup 
