Forum Replies Created
That's some great advice thanks engelorumora.
It seems like the largest factor driving success (or failure) in this kind of investing is a factor of trust, given the investor is so reliant on people on the ground to manage the properties.
Gday Rob – there are quite a few reference points you can use for research. I am just starting out, but here are a few I have picked up from other people or stumbled across:
– Firsthand accounts of investing experiences, on this forum as well as a notable series by Quibbles you can find here — http://somersoft.com/forums/showthread.php?t=18101
– You'll find great data on demographics and economic factors from websites such as http://www.city-data.com (GREAT WEBSITE) and http://www.greatschools.org
– http://www.census.gov (housing trends and eco data)
– Various press articles (here and in the US) covering foreign investment, such as this Wall Street Journal article http://online.wsj.com/news/articles/SB10001424127887323764804578314380251939580
– Blog sections of property websites such as realestate.com.au
– API magazine
I think the point of the research is to tap into many different views/sources. Reading as broadly as possible will give you better perspective yourself.
With that said – I am a complete novice at US property and am trying to extend my own understanding by building more of a foundation, so by no means limit yourself to what I have outlined.
Cheers
A great bunch of posts. I also highly recommend Evernote – allows you to store interesting things you read and tag them so you can easily refer to them later.
Hi Dave,
Sorry to be a drag mate but my advice is just be very careful. With dating you can see what happens, but a mortgage is forever.
If (knock wood) the relationship were to end, then you would both be stuck in a potentially disastrous position.
Be careful my friend and good luck.
