To amswer some of the questions posted on this situation. Yes we want to buy realestate. Our goal is to aquire +CF properties for now. Once we are established…meaning “a job”, my wife and I would like to play with wraps etc. For now we are basically going to stay with Cash Flow. Yes we would consider a JV if the situation was right. I would however like to get my portfolio started.
We have found a property close to us which is currently rented and would actually make the mortgage payments plus a very small amount of extra cash a month. When I went to see the property the Realestate Agent told me the place is in a bad neighbourhood and it has a tendancy to be in a flood area. I wasn’t sure what to believe since it really wasn’t that bad an area. I thought OK…I brought my wife with me the second time and we are convinced he was wrong. It may not have been Beverly Hills but it seems to be alright.
We are pondering what to do and I guess I am turning to the experienced ones in this situation. I hope this explains a little better. thanks for all the responses…you have given my wife and I some hope.
P.S. Terry…when and where did you live in Osaka? We lived in Nagoya