The returns available in the USA right now are very tough to get anywhere else in the world. There is a window of time available to invest in the USA – who knows how long it will be?

Foreign investors are making a lot of money in the USA right now – it just comes do to whether or not you feel comfortable or not doing so, and unfortunately an…[Read more]

MrUnique,

I have never seen a house in Dearborn for $1000! If you did you found the deal of the century. What is the address? I would love to check it out.

Nigel,

I agree to disagree with you. Detroit is a great place to invest in, if you understand the market, the pockets of good neighborhoods, and the rental rates. It is very difficult for an outsider to come in and estimate the true value of Detroit without actually being on the ground and not afraid to get dirty to learn the ins and outs. I…[Read more]

Kim,

It is plenty of time as long as you are armed with all of your information and a rough itinerary ahead of time. Create a relationship (or find one through a trusted referral) of someone on the ground in Florida that can show you around who is an expert in the area. Do all those things, use your information to back up your instincts and you…[Read more]

@High Income
I am with you, I did share a laugh about the 8 mile comment. If someone looks to movies for investment decisions please let me know, I would be interested to hear your success rate!

@Nigel
Looks like we agree to disagree. It seems like you are not overly familiar with Michigan, which is understandable, no one can be an expert in…[Read more]

@HighIncome

It is great to hear you have visited the area – there is nothing like seeing for yourself as opposed to having the media force their viewpoint on you!

Oakland county as you know is the top notch county in Michigan! The price point is higher but it comes with a higher price tag for a reason, Oakland county will appreciate quicken…[Read more]

@Nigel

Sounds like you are not big on Detroit at all

There are a lot of areas of the USA that are great for investing – depending on the investor. Some areas are poised for quicker capital gains than Detroit – but at a higher price point of course. So when you say other areas of the US are “far better” what are you referring to? What area…[Read more]

It is interesting to read the wide range of perspectives of Detroit on this board.

The one thing that is prominent of Detroit is the negative media coverage. Detroit is always getting hammered in the national news, that is for certain.

As an investor in Detroit and the surrounding suburbs I can say it is not as bad as the media portrays. It…[Read more]

@Leo I sent you a direct message regarding your questions, did you get it?

@Robyn I just sent you a direct message.

Angel,

Seasoning is how long someone has been on the loan or on the title of a property. Different lenders have different seasoning requirements. Some have none, others require someone to hold a title for 6 months before a property can be resold or refinanced.

Hope this helps.

-Dan

1eyeopen – congrats on your first investment in the USA! I have a feeling you will be back for more (if it turns out well).

What are the specs on the property you purchased?

Matt,

I cannot speak on behalf of that firm, but gaining access to Attorneys, Accountants, Insurance Agents, and Property Managers in the USA can all be done without cost.

It is not as difficult as one would think to find a reputable accountant or property manager in the United States. A simple referral usually will take care of it.

Through my…[Read more]

I have started to report “abuse” on posts that are pitching by clicking the angry face on the bottom right corners, maybe this will help weed out the sales pitches?

Matt,

I can also speak from experience on this, I do not know what type of fee you would be paying $4000 and why?

A fee of the nature is not customary to my experience investing in the USA. Do you have a breakdown or reason as to what that fee goes to?

As far as the breakdown of that analysis sheet you have provided, it would be difficult to…[Read more]

JD, I sent you a message with my personal e-mail.

Leo,

Depending on how good your insurance is, most rental policies will cover natural disaster. So in any case you will be protected in the worst case scenario.

If you do not have natural disaster coverage and you are in a high disaster zone, you may want to look for a new insurance agent.

DHCP –

I can help you with a few of your questions:

1. Depending on the region you are looking to invest in – the best way I believe to find an honest and trustworthy property manager is through a referral.

2. A good property manager will be up front with you, providing all necessary documents, and anything you ask for. To verify everything…[Read more]

Here is a link to a Government site – only has Data up until 2009.

http://www.bea.gov/regional/gdpmap/GDPMap.aspx

LOL Rick – still laughing at your post – you hit the nail on the head!

That is true about not being able to borrow in Michigan – the banks are extremely tight right now.

What are investors netting in Australia with borrowed money, based on the purchase price, and rents in Australia?