I think the UK has further to fall in terms of property prices…the gov just laid of 50,000 workers. If you do find a property make an offer rather than pay the asking price.  good luck

South Yarra for sure

This is what my wife and I did recently:1. Refinaced our current home, it's valued by the bank at $530k and we owe $170k on it2. engaged a buyers advocate to find a decent property for us3. bought said property with an interest only loan4. IP is serviced by an offsett account, which all our wages go into, plus rental income5. skimp and save. …[Read more]

ambosh wrote:
To answer to the original thread question :  America!  Where else can you find properties with mthly rents being > 2% of the property price? eg my block of units was $80k and gross mthly rent is $2k.  These deals are getting harder to find, but its not uncommon in the midwest… 

where did you find a block of units for 80k??

We recently bought an apartment in Hawthorn for 320k, which seems to be around your price range.

I’m also interested in the UK. I know you need a special ‘buy to let’ mortgage but that’s about it.

Ummm wikipedia? http://en.wikipedia.org/wiki/List_of_cities_in_Australia_by_population

Close to station is good, but close to tracks is bad.

Nathan_b wrote:
I am still getting CF+ deal in todays market.I just settled on a property for $22,000 reno of $25,000 reval of $140,000 rental $200pw in pop of 10,000+

Would it be rude to ask where?

Don’t you have to live there to claim it as your main residence?

I thought the name of the game was to build your equity. i could be wrong thought I’m still fairly new to this. We are increasing the loan on our house to buy an investment property, there does not appear to be much advantage in doing it the other way.

Hi, you could try searching on PropertyKeyword.com.  Just type in "corner block" for instance, and it will find all properties across the major sites with that description.  Some of my favorite keywords to search for are disused, abandoned, and former. You can find some really interesting properties this way.