All Topics / Overseas Deals / Flipping: US vs Australia

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  • Profile photo of Yidn_Shalom25Yidn_Shalom25
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    @yidn_shalom25
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    Post Count: 43

    I believe it is much easier to find an undervalued property in the US than in Australia simply because of the sheer volume of mortgage defaults in the US relative to Australia. That is not to assume that flipping success is dependant on foreclosures.

    any thoughts?
    [fez]

    Profile photo of Nigel KibelNigel Kibel
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    @nigel-kibel
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    I could not agree with you more. Clearly with a population of 293 million there are more opportunities than there are in Australia. Particully through forclosures. However you also have to know what you are doing. A professional investor should be able toinvest anywhere. To do so means that you have to do the research.

    Nigel Kibel

    http://www.propertyknowhow.com.au

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    Profile photo of ellnbgnellnbgn
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    @ellnbgn
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    [puke] their is a new coming wave of mortgage defaults in teh US, as property market here has devalued about 15% in past 6 months, rates are rising, and most buyers in past 18 motnhs have bought with low intr rates adjustables. Perfect storm coming, cash is king. some of the investors I know are waiting for the bottom to fall out before buying in.

    Profile photo of ellnbgnellnbgn
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    @ellnbgn
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    [puke] there is a new coming wave of mortgage defaults in the US, as property market here has devalued about 15% in past 6 months, rates are rising, and most buyers in past 18 motnhs have bought with low introductory rate adjustables. Perfect storm coming, cash is king. some of the investors I know are waiting for the bottom to fall out before buying in. Will be an interesting year, for sure.

    Profile photo of Nigel KibelNigel Kibel
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    @nigel-kibel
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    Once again it is about being selective as to where you purchace. It is important that you understand the market or deal with someone who does.

    Nigel Kibel

    http://www.propertyknowhow.com.au

    Australian and New Zealand The United States Property Researcher and education
    One Day property investment research workshop The United States. Please register your interest

    Nigel Kibel | Property Know How
    http://propertyknowhow.com.au
    Email Me | Phone Me

    We have just launched a new website join our membership today

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