Joshua 

Numbers always lie they can mean anything you like

The fact is that there are far safer markets to invest in than Detroit, so why bother. Personally we prefer larger blocks of apartments because you can leverage them. Now you are not going to get 22% however 14-17% net cash on cash is doable plus you may even look at solid capital growth…[Read more]

At the end of the day whether you use a buyers advocate or not you still need to look at the market for yourself. 

Markets like Brisbane are good because in my view they are undervalued. Look at suburbs like Greenslopes and then go for 3 or 4 days and convince yourself. If you cannot or cant be bothered doing this then you are risking your…[Read more]

I did not resurrected it someone else did it appears the thread has been deleted

Market conditions have certainly changed since 2010 today I think there are better opportunities to buy small apartment complexes and although I still love Texas I think that there are also great deals to be done in places like Orlando

I dont think there is any problem with mentors as long as they develop plans that involve multiple strategies what most of these companies do is just try and sell you a property.

Let me put it this way you will not have seen anything like it in Australia. These are areas you would drive through with your windows up. Thats why I encourage people to travel to the US and inspect the areas for themselves. A lot of people have lost money in America the problem is that most of them do not know it yet.

Their are great…[Read more]

If you buy property around 10-15 thousand dollars then you are asking for trouble. But people are dumb and I am sure they will keep buying third rate properties in slum areas. The days of the bargain basement properties are gone, therefore really cheap properties spell trouble.

Personal I would buy better quality homes that you can obtain some…[Read more]

Generally that is correct. In most cases they will only have control if you signed a long term sole agency agreement. This is unlikely. The only reason a property will not rent out comes down to price. I suggest you look at other properties in the area and see what there asking rents are like compared to yours.

Harder to finance and again no growth. Investing is about creating wealth and for that to happen it requires capital growth. The problem with assets like this is that it will not create growth. 

Harder to finance and again no growth. Investing is about creating wealth and for that to happen it requires capital growth. The problem with assets like this is that it will not create growth. 

Personally  I would not touch student accommodation they are a third rate investment. You get no capital growth in fact if anything the values go backwards. Also there are lots of student accommodation being built at present and with numbers being down on student as well I would expect the rents to fall as well

Stay away from this type of…[Read more]

Hi I agree with freckle and the only exception is if you have someone you fully trust. I sometimes buy properties I have not seen but then again its my business partner so it does make a difference.

For you buying a property sight unseen by buying over the internet or through an agent is the easiest way to lose your money. I have met many people…[Read more]

I think the problem is that it will be impossible for a retailer in many cases paying high rent and staff wages and commission to compete with someone with an online business.

No matter how far they lower interest rates, this will not change.

The problem with retail dwolf is that the gap is often a lot wider. Recently I was looking to buy the top of the range Panasonic video camera, not at the new year sales Harvey Norman had this Camera at $1599. Now I can buy the same video camera on line through an Australian supplier for $960 that a huge difference

Rent to buy is a great concept and is becoming very popular in the United States at present because finance is still very hard to obtain. I know one guy who has done over 2000 vendor finance deals since 1996.

Its not a bad way for Australians to get into the US market. Because you can help locals become home owners

It is a good strategy both…[Read more]

It is also worth noting that these mobile home parks are a very high risk strategy. Many of the people who investors who put there money into these sort of operations lost most of their money. If you want to invest your money in the United States there are a lot of far safer options.

The way to look at this is you are not only going to be able to charge more rent but it will also make it easier to rent out and you will be able to select a better tenant.  

One thing that always amazes me with investors is they dont want to solve problems if it involves money. If you add an airconditioner it adds some value but as the rental…[Read more]

My view is I would be surprised if fixed rates went a lot lower than 4.75%  on a fixed rate. This is a good figure if things get worse who knows. However the signs are indicating that things are getting better both in Australia and certainly in the United States.

We have to stop looking at the retail sector because that is changing because of the…[Read more]

I agree with Paul

Its not what you sell but how you invest, if you need money then maybe you renovate one to sell and one to hold. However in a flat market it is harder to make money from this sort of transaction so you may be better to buy renovate and hold. Lets face it if you keep the property for 12 months and sell you get a 50% discount on…[Read more]

Hi Royce

Yes you are in a strong position and you may wish to reduce the tax you are paying and look to buy high growth property. I agree it does not make sense to you to buy a home to live in. These days I would advise most people starting out to rent and buy investments because home ownership does not make financial sense. If you buy a home to…[Read more]