Well Done

It goes to my feelings for sometime that Brisbane values will jump over the next 12 months. My only issue is that we don't now get an over supply of property in the market. However I believe there is a lot of pent up demand.

The market is full of these marketing companies

Personally if there are no names on the site run fast

Why are people who run these sites not prepared to disclose who they are. What do they have to hide?

There are more and more banks prepared to lend money in the United States especially  for Commercial property at rates of around 5%.

I agree stay away from hard money lender good finance is becoming more widely available

Many of the marketing companies are just selling property and in many cases they are receiving commissions of at least $30,000 per deal. I think most of these companies look at the commission before thy look at the quality of what they are selling.

The principle of NRAS is good but many of the properties tend to be in outer areas and generally have low capital growth

Steve

I could not agree with you more I also have a business on the ground in Florida. I also have extensive knowledge on the Texas market. However since there is choice about where you buy why would you spend your money in a second rate market like Detroit.

Also the question I have made to Joshua since he says Detroit is a good place to buy does he have an office on the ground or is he a wholesaler. Unless you are dealing with someone who works in the local market stay away

I always put in a good underlay and a good quality carpet, not light colors, dark, blue or grey. It does not mark and will work better.

However I have brought a lot of period properties including apartments so where possible I prefer to have polished boards than carpets. I find that you cannot put people off with polished boards but a bad carpet can put people off and even reduce the value of your asset.

Hi Joshua

I hear what you are saying however I do not agree with you. Why take a risk in a bad market when you do not have to.

Now I am not claiming to know everything, however where are you based and do you have offices on the ground in Detroit.

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

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/

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.