Hi guys,
1. I’m sure the topic of investing in the USA has been discussed on the forum. Can anyone confirm this? Have the old posts been deleted because nothing comes up in a search. Any comments are welcome on investing in the USA.
2. Has anyone read RK’s latest book Success Stories? Some of the deals done on detached houses, apartments etc in the USA have resulted in returns of 20%+ to even 34%.
3. There is even a story on an investor who bought a property in Brisbane Kangaroo Point (yes Australia) for $120 000 which rents for $3300/month. Any comments/insights on these?
4. Has anyone thought that with the strength of the AUS $ vs US $, rental property in the USA would be very lucrative, even more so if the AUS $ falls in value in the future. The current value of the AUS $ is on par with where it was in 1997. After then it just went downhill. When was the time the AUS $ broke the 80 cent barrier?
Thanks to all for providing such a great forum
kitdoctor[
]Interesting.
G’day all,
They(taxi passengers-YANKS),are telling me that the place to invest is in Canada.Seems that’s where Americans are all investing.
You can buy “nice” homes for about two hundred thou.
Not the main cities, regional centres.
As for RK, he’s been known to write fiction.bbruham.
When will I earn as much as I spend?I have touched on this subject, but in summary the United States housing market is in a similar moderate to downward trend as Australia.
The ROI Robert refers too was more prevalent 12-24 months ago, although like many markets [including Australia but more New Zealand] these deals still exist.
In my opinion, the strengthening AUD is not enough incentive to invest in the United States taking several factors into account, including; inability to secure financing unless a US resident/citizen, US professional fees [incl. attorney, accountant, property management], state/federal/foreign tax implications, time/opportunity cost associated with locating and maintaining a desireable property in the US, etc.
Furthermore, the cost to acquire and maintain a similar standard of property is significantly higher in the United States versus Australia.
I am not familiar with the emerging trend in Canada, but I can say the majority of investors I am associated with – who are seeking foreign opportunities, are presently focused on Australia and New Zealand.
— Michael
]
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