The quote depends on a number of factors, property type, replacement value, location, age, etc so it’s hard to tell is $340 is good but generally speaking, it does seem very low.

Careful with Newcastle. There has been a lot of hype and excitement built up by media and so called property experts but we have already seen significant rises in property prises over the past 6 months and I believe things will start to flatten out..employment market is not as strong, mining has slowed down, looks like T4 won't go ahead, etc.

"They were endlessly baffled by my Australian tax return and even more confused by the fact that it was actually day time in Australia when it was night time in the US."Some Americans are really this stupid….they probably thought you were from Austria.

No Vegas?

What are the tax implications with land? I am looking at some land in Florida and GA.

$5k purchase price must more Ghetto than Ghetto. Probably a bulk purchase.

Property ScoutDon't knock 888 as they actually provide houses at better rates than some of the US so called 'Wholesalers'Check this house out:http://www.888usaproperty.com.au/111215/Now look at the same house here: http://www.mastermindreg.com/Default.aspx?PageID=6686226&A=WebApp&CCID=11560&Page=2&Items=15&CCQID=1982994888=`$69k    USA Property de…[Read more]

Jay – How does $5k downpayment with interest free loan repayments work? In other words how do you make you money…? Is it through the rehab, property management, selling above market rate?

Nice clean design.I would put info on whther this service is available to US residents/International'sIt would be nice to know what the management fees, maintenece estimate wouldbe and provide an indicative cafhflow %

Love your posts property Scout!  Any chance you would be available for a chat?  PM me.

http://money.cnn.com/news/economy/storysupplement/state_unemployment_rates/?iid=HP_HighlightMichigan, Georgia and Florida all have over 10% unemployment…I was looking into these states but now I am not sure….

expat123 wrote:
Hi guys,Has anyone bought a place in Atlanta from Bronwyn and Michael at Top Rental Returns (www.toprentalreturnsusa.com) and successfully had a tenant renting the place??They have clearly sold lots of properties in the 45-60k range….BUT there is a complete lack of data and transparency about the number of succesfully tenanted…[Read more]

SteveHow did you go with getting finance or did you pay cash for the Surfside house?AJAY

MJ – great news!Can you share more info on this deal and lender?   Ajay