Hi,

I've only just recently bought the 0 to 260+ properties in 7 years book and I was wondering if anyone can advise me of the following;

Has anyone here bought properties in the US? 

As I have been researching various countries and have found that there are lots of properties being sold in the US for under $5,000 in various states all over the US.

The rental returns apprear to pay for the cost of the house in 1 year, I have spoken to a few real estate agents over there but am not sure if they are trustworthy or just looking at trying to off load properties asap.

I did find various deals that have residential packages (of 10+, 25+ houses) that need mostly cosmetic renovations. 

All properties are free of any taxes or liens as well.

Looking at the cost of the houses in  Australia, its becoming  very expensive and when calculating the cost of buying houses in the US it appears to be a better investment for example:

*10 houses at the cost of $50,000

* With a rental return of $500 – $600 per month rent on each one 

* Renovations at the most being from a $1,000 – $5,000

and the very minimum of $6,500 per year rental return on each property = $65,000 so you make your money back in the first year.

Has anyone here done this already?

Junita