Ian,Check out the latest Australian Property Investor Magazine.  There's an interesting article about an Australian guy who's done quite a bit of investing in Memphis over the past 6  months and is about to head over there for a longer stint.reme

You're doing the right thing Giacomo.  Try to speak to as many people as you can, gather as much information as you can and get as many different insights as you can.  It is all part of your DD, and we've all had to start gathering information at some point.  Don't pay for anything until you're 100% comfortable with your decision.  Once you've gat…[Read more]

I like your attitude Treasure Hunter.  There is nothing like being there and being able to see for yourself, and weighing up your investment decisions first hand, so what you are doing is very smart indeed.Good luck with the trip, I hope it serves you well!

Hi TL,Sorry for the delay in response! Yes, CFG do concentrate in Michigan, it is my understanding that they have decided to concentrate their expertise in the one state.  You may be more comfortable looking in to areas outside Detroit but still within Michigan.I did look in to other tours such as Mark Joseph realty in Florida, but it is run by…[Read more]

I too would be interested to see some examples, I am a little sceptical about buying from properties except where you are putting in offers direct to the banks and not sure how much transparency is there when you're not?But, I am always keen to learn as much as I can about investment in the US, so some examples would be good to reviewMany thanks,reme

Hi BB,Has been great reading your posts and following your journey.  Can't wait to hear more about your family journey's to Miami.  Hope the sales of the Chinese properties go smoothly.Cheers,reme

Hi TL,To my knowledge there are a couple of different tours available,  I researched quite a few, as well as looked in to various markets including the one's you mentioned.  After much research, including weighing up the pros and cons of different options I went with Cash Flow Gold.  My decision was based on the fact that the tour included in…[Read more]

Speedy,Be sure to check out zillow thoroughly to see whether you're getting a reasonable deal.  eg.  If you look at that property you'll see that it looks like that it was for sale at $45,000 in Jan this year and by Sept this year it had dropped to $14,990??Some people are happy to pay a premium for houses to be renovated and handed to them on a…[Read more]

Hi British Buyer,Great read – I hope you manage to snap up some of those bargains! No need to be 'in love' with the houses, just as long as they achieve the results you want.We had some good results yesterday in Michigan with 2 more offers being accepted on properties.  After bidding on quite a few, we've managed to snare a couple for what we…[Read more]

I agree with Rick, most of the companies appear to buy very cheap and do them up and sell them off at a profit. Make sure you use someone that can help you setting up all your legalities and make the process as seamless as possible. If you want someone else to handle everything expect to pay for it too.  You could use an agent that does long…[Read more]

Hi Jimmy,Have you thought about going over and taking a look for yourself?  I would suggest using an Australian company that actually spends a lot of their time on the ground in the US and has a great team set up there.  You will be relying on that team to look after your investment after all so it would make sense to know who they are, res…[Read more]

I've been reading this thread with interest, we have just purchased some property in the US and agree that Due Diligance is the key.  If you can get over there and see the market for yourself, you'll feel a lot more comfortable with your investments.  There are many buyers agents, investment companies and flippers, but make sure you use someone th…[Read more]

Hi ReggieZ,I have just returned from Michigan as I was interested in finding out all of these questions myself.  There are plenty of very good investment opportunities in the state.  I have managed to secure 1 property from the tour and have a couple of offers still pending.  Renting out doesn't seem to be a huge issue.  It may take a few wee…[Read more]

Hi Kurnster – I have just returned from Michigan where I have been investigating the property market.I am just speaking from my experience only, but after some time of researching the different options available, reading forums, and lots of comparisons of the various buyers agents and tours,  I decided to jump on the 'Cash Flow Gold' tour.  You…[Read more]