Jason

Before you were selling or sourcing in Detroit now I see you are everywhere. If you do not use a wholesaler how do you deal in so many markets

also Declan i notice that most of your properties are in Detroit. Could you please explain why Australians should invest in this third rate market. Perhaps I am missing something

The first thing I look for on a website is who is behind the company. I am always wary when a website does not have a single name about who is behind the business.

http://www.ushomes4wealth.com.au/

Extreme caution

This company has been posting in a number of posts

There properties are in Detroit

I have asked why anyone would buy in a market that has lost 25% of its population in the last 10 years

The other problem is that people do not do there own due diligence. It does not take a lot to realize that a city that has lost 25% of its population ln the last 10 years like Detroit are not good places to invest.

Make sure that if you are dealing with someone ask them what is there experience?
Have they been to the city?
Have they met the suppliers?

Sounds like simple questions but you may be shocked by the answer.

If you are going to invest you should travel to the city of your choice at least once to make sure your suppliers are there and that they can supply all the back end services.

The problem is that many of these people who sell these properties have not only never met there suppliers but have never been to the cities where they are getting properties for there clients. I am not sure how you can advise this. This is especially true when you consider a few wholesalers are supplying most of the properties.

If you are going to buy or even consider the US you should travel and see it for yourself. Make sure that however you are dealing with is on the ground and working in the city where the deals are located. Also make sure that property management is offered.

Finally consider will your money dio more in America than Australia and I am not just talking about prices.

Personally I am now looking at larger apartment complexes and commercial property.

http://finance.yahoo.com/news/pf_article_113083.html

This does show all the major cities in Texas are in the top 10 boom cities for the next decade

Sure Alex
Will do, It is difficult to know what is best. However given the returns I can make investors through development in Australia it is difficult just to source $30,000 properties that do not give solid returns and offer little or no growth. What got me into the US market in 2005 was travelling to Texas on behalf of a group to buy a 105 unit 3 million dollar complex. As you would know Alex you can get commercial loans a lot easier than residential so it mean that investors can leverage in the United States

Clients that invest in our developments make 40% on there money since you are asking. They are all in inner city suburbs of major cities

thats right and every city in Texas are also in the top 10 with Austin at number one