The above example is just an average. You may find bigger drop in house prices sometimes. This is primary factor why, out of 7000 US banks, around 2000 banks either have bankrupt or going to be in near future.

Hi Joe, if you don’t believe this, then you definitely can’t believe the another fact – you can buy a house in US with $1 or 0.50c. However, you will not find any tenant EVER, that’s a different story. Firstly, you have to spend few thousands for buying legal fees/charges, and few thousands every year to run the property. Also, you may get any capital gain EVER because such house may be ghost town.

But YES, you can buy one.

Finance is hard but possible in USA for international investors. In fact, due to credit crunch, US banks have limited funds to lend. As all businesses, banks also work for profit. Doesn’t matter, property is worth of $20k or $150k, they have to do the same legal-paper-leg-work to close a deal. Therefore, currently, they are NOT lending to cheap properties, when they have buyers for expensive properties.

Apart from the standard requirements about documentations, different US lenders may have some extra requirements before they approve any loan. Basically depends upon the price and location of the property.

Hi Trhia,

Good news for you.

Contrary to general view, US is more affordable than Australia in many cases. Fortunately, US tax return is one of them. You can contact us for more info.

Hi Joeandchels,

It has been said by some of the world’s best investment experts as “Best Investment Market since the great Depression of the 1930’s” where you can purchase US Real Estate at cents in the dollar. In fact, current economic crisis has turned the clock of US Real estate 30 years back and prices are stabilising in many areas. Wise investors recognise that now is the perfect time to invest when all cards have fallen in their favour.

US foreclosure market presents such a lifetime opportunity where you may get the advantage of buying properties that were previously sold in 2007 for around $200,000 and now may be purchased by investors for $50,000 or sometime even less. What’s more, even a Condo may be bought only in $25,000. You may get profit from the current global financial crisis by buying distressed properties at discounted prices of up to 70% or sometime even 80%. Therefore, the upside of the growth in such properties is phenomenal.

SPOT ON CHEEVES FINANCIAL,

Many media people stick pieces of puzzle together in this way, it looks as what they want to be looked. There are plenty of areas in Florida, where landlord gets inquiries from prospective tenants as soon as properties hit the market.

A COMMON SENSE FACT ABOUT KANSAS – Kansas has reduced just around 20% in GFC. A city which did NOT have a enough capital growth in good time (when almost every place's price was surging), expecting a quick capital growth in bad times is pointless.

LET SEE FEW FACTS ABOUT FLORIDA – The spirit of innovation is evident in Florida; as it is getting reputation of “Innovation Hub of Americas”. Let’s see why Florida is much more diverse than theme parks and famous beaches; and what reputed global researching firms say about it. Among all American states, Florida:

1. ranks 1st for business (The Chief Executive)
2. national leader for entrepreneurial activity (Kauffman Foundation)
3. business climate is among top 5 (The Tax Foundation)
4. ranks 3rd as largest state for hi-tech companies (TechAmerica CyberStates)
5. ranks 3rd as largest exporter of hi-tech goods and services (TechAmerica CyberStates)
6. ranks 4th largest CyberStates for hi-tech employment (TechAmerica CyberStates)
7. has one of the world’s most extensive multi-model transportation system
8. one of the only states which have a clear vision for long term future plans – Strategic Plan for Economic Development.
9. workforce Ranks 1st on America’s top states for business ranking (CNBC)

http://propertyshopusa.com/why-investors-love-florida.php

Thanks