James2118 replied to the topic MIAMI (ad)VICE in the forum Overseas Deals 14 years, 1 month ago
Dick YorkI would be very interested in how you get along. I also live in Sydney and at the moment and looking keen to invest in America, I am not sure what areas are the best, I believe there is oppurtunity accross the nation and sometimes it is just personal preference. One benefit of Miami I suppose is that it is a nice holiday destination so…[Read more]
James2118 replied to the topic Buying my 1st property! Does it make sense to invest in a holiday house?? in the forum Creative Investing 14 years, 1 month ago
I agree with Glen, I am not sure of all the tax implications and FHBG and CGT and how all that would work having a holiday place for 2 weeks and then living for one. But I can imagine it just getting difficult logistically. I think the best bet would be just get a 2 (or more) bedroom place and rent out the spare room, maybe you could convince the…[Read more]
James2118 replied to the topic MIAMI (ad)VICE in the forum Overseas Deals 14 years, 1 month ago
British Buyer,I was know in earlier posts you talked about some of the research you look at in the areas. But I was wondering how much you looked into factors such as unemployment. I read an article which was published within the last couple weeks showing that the unemployment figures for Miami had risen from 12.4 – 12.7%, well above the national…[Read more]
James2118 replied to the topic MIAMI (ad)VICE in the forum Overseas Deals 14 years, 1 month ago
British BuyerI must say it has been really great hearing about your plans for the future. I am only new to investing in general, but from what I can see at the moment, there seems to be a great oppurtunity in US at the moment. I hear alot of bad stories about it however, but I still have a gut feeling that this is a once in a lifetime oppurtunity…[Read more]
James2118 replied to the topic BEWARE – Inexperienced buyers agents and Cashflow Hype USA in the forum Overseas Deals 14 years, 2 months ago
Recently I have been looking into all this American property. I am only new to investing in general and have not really invested anything, however I have started paying off the home I live in.The main reason I was interested in America was that with the seemingly low prices it seemed like a relatively small investment, acquiring a property for…[Read more]