Not that I am aware. If I click it goes to the site

Given that you are looking at $10,000 I would not see that as a recommendation, given that cashflow gold were buying in detroit and now sell hotel suites in mining areas I would suggest you be careful there to as well.

However Priscilla you seen to be keen to part with you money so good luck, but please do your due diligence carefully

Here is a good site to help you with due diligence, it provides addresses and full brochures together with sold prices and best of all its free

http://house.ksou.cn/

What happened is that prices go to places like RP data however agents do not have to report a sale price publicly.

Try this site its free and provides most of the information, not owners but a lot of sale figures and brochures.

 http://house.ksou.cn/

In most cases you can also purchase the information from your locale council as well

I would be very careful if I was you. You have heard the saying if it looks to go to be true it probably is

I have been involved in America since 2005 and I would be amazed if these properties were ok. The very least you should do is go there and see it for yourself otherwise you are wasting your money.

Hi Catalyst

It does come down to experience it sounds like you did do your due diligence. Sometimes you can do all the research and things can still go wrong, that to a degree is the nature of property.

But I come across people everyday who go to a seminar and commit to buy a property off the plan without doing any due diligence. These people…[Read more]

I think the important point is that most people who have a bad experience with an investment property have done so because they have not carried out enough due diligence. How often do people buy an overpriced property through a marketing company and do so because the salesman said it would be a good investment.

It is a matter of using common…[Read more]

I know what you mean Richard, my wife has not really put on weight for 20 years and she asks me every day what happened to my figure. I just tell her that like investments i keep growing in value.

Well down jac and Richard and happy birthday my Richard, but your glad the power come back on to celebrate. 

Richard is great and located in Brisbane

You wont go wrong

It really depends on who the buyers agent is. I think that if you get a good one they are worth the weight in  gold. I have done a lot of buyers advocate work over the years, both in Australia and the United States.

Again you need to do your own due diligence on the advocate to make sure that they will deliver a worthwhile service

Josua

Again there are much better opportunities around than Detroit so why take the risk. In America as in anywhere else it is a matter of buying in the best location to give you a good cash flow and also some capital growth. I see no benefit in buying in Detroit it is a third rate market with little chance of real growth that will cause you…[Read more]

Hi Paul

It all comes down to research, the problem when you are only dealing in your own back garden is you are tied into that market whether it be good bad or indifferent. As an investor  you are not tied to any city or location because you are not going to live in the Property.  <moderator: delete advertising>

Now I have been doing this for a…[Read more]

Yes its good to see you are in one piece

I bet when the power goes out you really appreciate the value of air conditioning. I am glad the Brisbane escaped the worst of it. Good to have you back

Its going to be a long year

May Labor be gone and lets return to the sanity of a conservative government

http://www.youtube.com/watch?v=ElUYgXsvsy8

My 13 year old daughter singing Say You Say Me

Detroit is a third rate market. If it has gone up its due to investors being silly enough to invest there. I believe that the major car manufactures will slowly pull out of Detroit. For example in the last few years Toyota pulled its truck manufacturing business our of Detroit and Californian and relocated them to San Antonio Texas.

Much of the…[Read more]

We will have the Property Know How Club which will give people the opportunity to learn how to invest safely.

However what is really important here is if you are going to a seminar what is the purpose in most cases it is to sell you a service and I don't have a problem with that if it represents value for money. However in most cases it is not.…[Read more]

Hi Joshua

I would generally agree with most of your comments and know that there are a few people on this site who do run good businesses in the United States and there are many other who are just wholesalers and not even based in the cities that they are buying in.

Then in Australia there are people selling property who have never been to the…[Read more]

Andy

They could also sell the property for less than you paid and make you pay the difference and costs. Now I would approach the developer and explain what has happened and they may give you more time. From personal experience I think that when a problem like this happens the best thing to do is communicate because in most cases the developer…[Read more]