Hi angelarose,

We are having a meeting this Sunday with a group of people that have invested or are intersted in investing in the US. Please email me on [email protected] and I will let you know of the time and place. I dont wish to post it on here as most people have expressed they dont want any spruikers or buyers agents attending.

Engelo

Hi Maternic,

Spot the successful investors on the forum and ask them questions. Im sure if you keep reading you will be able to figure out who they are. Be very careful as not everyone is genuine with there advice and there are people out there looking to make a quick buck of novice investors. I suggest you attend a few US seminars were you can learn the basics. Dont sign up to what they are selling tho. In my opinion were most investors go wrong is that they focus too much on location and not enough on the people that will be looking after there investments on a day to day basis. I have invested in Rochester New York and my investments have been performing very well due to the team I have establsihed there. My strategy is to build up cashflow before I start venturing into other locations were there is more potentail for capital growth once the US market recovers. Once again focus on building relationships with people because they will be the ones that will make or break your investment doesnt matter were you decide to invest.

Engelo

Hi angelarose.

Every post reply you receive on this topic you will find someone pushing an area where they have invested or where they get the biggest cut. I will not mention any areas as I think the most important thing is not so much the location but the team you have in place looking after your interest and your investments. Good investments that make you money can be found in any market but good people are hard to find.

Make sure you do lots of research and dont make any sudden decisions.

Thanks

Blackwater is great. Spent 5 days there. Couldnt get accomodation. Workers sleeping in tents. Supposedly there are coal reserves for the next 20 years. Only problem is the town is too dependant on mining. If something were to happen it would become a ghost town.

Did you look into Taree? You can pick up the housing commision homes for around $80,000 – $90,000 and will rent for $160 – $180pw making then slightly positive after all expenses.

Hi Crusty,

How many do you have in Mildura? There is a bright future for Mildura. I have many contacts there and everyone reckons the market will pick up significantly in the next few years. There are many new listings and many sales but prices arent moving upwards yet.

Thanks for your time.

Hi Alex,

I have dealt with Nathan Birch. Email me on [email protected] and im more than happy to share details of the properties I have purchased through Nathan.

I also agree with Terry. I have invested in rural property in NSW and VIC and done well so far. There are also good deals in the bread butter areas of Sydney (Mount Druitt, Liverpool, Blacktown, etc…).