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All I will say is make sure you can easily see the full address up front and then Google it for past sales data and see the margins as you would with any US property.
Also another great resource is:
Also look at the companies through Google and see / investigate and negative feedback and again this should be standard homework before paying any monies for US property.
I hope this helps
I had a bad experience just thousands of others not naming any company in particular but they all do the same thing which is flipping for want of a better word.
I lost 60K and almost my home but instead of getting angry i took them on.
I set up my own US property firm
We don’t sell homes for a start
We just sell the service and source property to meet investors needs with no financial interest in the property as it should be.
I too have heard so many people tell me their stories about slick sales men but if there is just one thing i can advise it is this.Get the full address before making any commitment you may laugh and think of course but you will be very surprised how many just will not disclose it because that opens the door for you to do your research through zillow.com and trulia.com and the like.
If ever there is an issue getting the full address walk away fast!
this should solve 90% of the problems providing you do your homework.I actually wrote to the 7:30 report (email) thanking them on their story and for 3 years now asking ASIC to play ball with this industry for tighter regulation in most cases these companies change their names every so often or have 2 separate companies running full of smoke and mirrors.
Anyway my 2 cents worth i don’t get to the forums too much but glad to provide my insight where i can.
In most cases there is 10% commission on sale to the Aussie agent on average but some may secure as much as 30k if they are doing the US part as well, I should know i get asked to flog the same over priced crap on other sites almost every week.All the best
Jason Simpson
http://www.cashflowgold.com.auGuys i agree 100%
We are based in Australia, Michigan and Georgia
There are so many more points that could be covered here but i wanted to keep it simple initally just to get the ball rolling
Thanks so much for your additional positive coments
Keeping the buyers informed is so importantJason
Cash Flow GoldHey guys
There is no doubt Detroit has some issues however it also has some fantastic locations too.
I spent about 4-5 months a year in Michigan myself however we don't buy or suggest properties in Detroit for a few different reasons, such as higher taxes for example generally speaking when in the nice areas.(however that's not to say there isn't a good deal to be had, but for us it is too much work and there are better location to invest outside the city with less risk)Yes it is very important to have your base in the locations you suggest property < moderator: delete advertising>
I thank you for your feedback it is really great to inform investors of some cold hard facts sometimes, here i just wanted to touch on one issue of so many and not to get mixed up in everything else that goes on, with who does what best etc etc.
thank you
Jason Simpson
Cash Flow Goldhttp://www.bizclaims.com/2010/10/knowledge-source-scammers-jon-giann-and-dymphna-boholt/
I hope you get some results for all your cash, thousands before you have not
