All of what you write is true however if you are looking to build a long term portfolio then thias is by far the best time to buy. You should always be buying when others are selling.

These type of deal are also readily available in the United States. Its a great way to purchase without having to arrange finance. However like everything else you need to do your research carefully before proceeding.

We are still looking at the figures. However you need to be on the ground to do this well. The people I work with are very experienced. I will go over on a regular basis and personally select the right property for my mentoring clients. Buying good property takes research and understanding the local market.

The days of sub prime loans have gone. What this means is that in the current US market unless your credit rating is near perfect you will not get a loan. This is good news for investors because over time it will create more demand for rents which should put upward pressure on prices.
I am not a big fan of buying bottom of the market properties. However keep in mind that if you want to buy a $30,000 property that has been forclosed you have to pay cash for it.

Not at all

I just have a different view to you and others as where are the best places to invest. There is no black and white answers. I just prefer Texas. It has a thousand people a day moving there. Bet you cannot say that about Detroit.

I have no doubt that you mean well and that you provide a good service. So I am not questioning the standards of your business I just do not agree with you . I think that there are better and safer places to invest, rather than Detroit.

The same people that invested in Buffalo will now invest in Detroit. They never learn. People will line up to buy because they are cheap. The same people will complain when they cannot collect there money.
If it seems to good to be true it is. The market may also be being inflated because of all the investors. Can you make money in Detroit, sure, but you need to be on the ground. Being a passive investor there is not going to be a great long term experience. There are many other great places in the states to invest that make far more sense

Hi
I am currently in Texas

If you are looking to invest in the United States then do not look at the bottom of the market. Many people are buying in Detroit named by forbes magazine as the most dangerous city in the US to live. The same people would have brought in Buffalo.
Texas is the fastest growing state in America.

I am establishing on the ground services to assist safe investment in the United States for investors. I will be back in Australia just before Christmas and would be only to hapy to talk to anyone interested in investing here.

It depends on how good the people are on the ground. I have a great deal of faith in the accounting firm I am dealing with.

I am looking at a buying trip for July

Michael
H
What I am looking at doing is offering a buying service. People will even be able to come over and see for themselves.
I will only buy properties that I personally inspect. I want to assist people to build a portfolio in America. I am not a running a factory line. It will be personal service.

Over the years I have read a number of horror stories so called buyers agennts selling there clients into third rate investments in slum areas. The current experts are selling there clients into Detroit. Forbes magazine lists Detroit as the most dangerous city in the United States. They also have the number one murder rate in America.

But guess what its cheap.

You can buy well and build long term by looking at the whole picture and not just be attracted by cheap prices.