BritishBuyer, what are your opinions on Chanos’s doom and gloom over the Chinese property market? http://finance.fortune.cnn.com/2010/11/17/chanos-vs-china

Quote:
“He said they were building 5 billion square meters of new residential and office space — 2.6 billion square meters in new office space alone. I said to him, ‘You must have the decimal…[Read more]

BritishBuyer,

You might wish to reconsider purchases in your own name.

This is from the Somersoft Forums

Quote:
Hi,

I don’t wish to buy in USA so I haven’t read this thread but I thought someone may be interested in this article.

It is long, but there are important points made, such as USA has inheritance taxes and they must be…[Read more]

Thanks Steve.

I couldn’t find the said property on the MiamiDade website. I wonder if Miami-Dade is not Delray Beach. Delray Beach is just north of Boca Raton. It’s about an hour’s drive from Miami-Dade. It sounds like a small residential community (pop:60k).

My gut feel is to avoid it, because it is an hour’s drive from Miami Beach. A small…[Read more]

This one just came in through the mail. (for Delray Beach FL)

http://imgur.com/a/ffZ3r/delray_beach_fl

Looking up Zillow:

http://www.zillow.com/homes/511-nw-50th-Ave,-Delray-Beach-FL-33445_rb/0-_baths/0-_beds/

Offered at $43,900, ZEstimated at $94,500, valuation range 68k-105k.

This is described as a “condo home”. Is this correct? I thought…[Read more]

Steve,

British Buyer wrote:
IF YOU BUY A 1 BED 1 BATH CONDO FOR 30K, IN A NICE AREA (NEAR THE INTERCOASTAL WATERWAY) BUT WITHOUT A WATER VIEW, YOUR HOA FEE WILL BE $250 PER MONTH.TO THIS $250 YOU ADD THE $9 FOR PROPERTY TAXES. 

30k would be the purchase price, not necessarily the assessed value. I saw some pretty horrific property taxes on Z…[Read more]

Mike,

As you said, a lot of people are on the sidelines because of concerns over the ability to find good management. The article is interesting but it doesn’t tell an investor what I need to know – how long are people taking before they find a renter, what sort of property managers were they happy with, what is the result 1 year on. etc. In…[Read more]

Awesome Steve, thanks for all your tips. I noticed too a lot of the low ball prices point to auction.com, and it is clear that the reserves have not been met.

Have you visited the offices of any rental agencies?