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Like many in this forum, I am considering buying in the U.S. But one thing I constantly read about is the high vacancy rate (over 10%) in rental properties over there. Here is the link to the vacancy rates in major U.S. cities.
http://www.census.gov/hhes/www/housing/hvs/annual04/ann04t5.html
Just wondering those who alrady owned IPs in the States if they can share their views on this issue.folks, much appreciate if anyone who is using or used a buyer’s agent, or any buyer’s agent in this forum can pm me privately.
I use Harcourt simply because they have a builder that I find very trustworthy.
I have a bad experience with the cash out clause in NZ. If any REA use it on me next time I will tell him/her where to go. I put in an offer subject to the usual finance, the REA said she would put in a cash out clause. Not sure what it is I removed the finance clause and the contract became unconditional. After due diligence and wanted to terminate the contract but was forced to settle – all because of the threat of a cash out clause. For me cash out clause = no offer, period
Hi Michael,
I was not having a go at you as I am sure you are one of those genuine presenters who know property like the back of your hand. I was expressing my opinion about marketers like Henry Kaye who made hugh money from seminars and don’t really know much about property investment. e.g. a lady who claims she is a guru who owns a princely total of EIGHT properties !
regards,
checkerI will not pay more than $59.95 for any seminar, there is just no magic bullet in property investing – it takes common sense, time and efforts. Without doubt some of these ‘property gurus’ make truck loads of money from these seminars. That’s my 2 cents worth.
Everyday I drive past one of their developments in Donvale. I will say to myself who would pay $350K for one of the ugly dog boxes. Their slogan of “ten year rent guarantee” is not worth the paper, or radio airtime, it’s written on.
