Just read that American property prices are on the rise, but I am being a little bit skeptical that this rise will stay for long. In my opinion, prices will drop back again pretty soon, but , of course, I might be wrong. 

Talk to the Strategic Planning Unit  and are you sure you want to build three townhomes? Won't it be a little bit crowdy? I, for instance, do not like to live too close to another house, so I can see everything going in my neighbors' place. I would also probably keep all houses and just rent them out.

I remember reading that story. Just ridiculous and plastic surgeries destroy marriages…

I think you need to weigh all risks well. I do not invest in 1 bedroom units, as it is proven not to bring enough cash flow. As well I would not invest in a unit for retirees. 

Thanks for the great advice. Really helpful for investing in the US property.

I recommend you to research  yourself first. No one will give you a detailed consultation on the forum. It is plenty of books on property investment and etc.  Good luck!

Thanks for the laugh:-) One of the poorest written articles, but it definitely put a smile on my face:-) "Drive around at dinner time: No lights in a lot of houses means no one is residing there, and you shouldn’t, either." just made my day!

If you have enough money to fix up a foreclosed home, it might be a great deal. Before buying just make sure what damage has been done to a house and how much it will take to fix it. If it is plenty of cash, try to lower the price. 

Google will find anything:-) Here is the link to plenty of Australian forums for business owners that I was able to find on…[Read more]

You can add any reasonable conditions and clauses beside general conditions and terms of a contract. I recommend you to consult with a lawyer if you are unable to draft it yourself.

Like Jamie suggested try to do both simultaneously, but I still recommend you to talk to an experienced broker because I am sure you will have plenty of questions down the way.

Wow, scam is everywhere nowadays, but I probably would not fall for this. Glad many people got suspicious and called the Real Estate Agency to check on it.

It sounds like you have a good luck with your first investing:-) Congratulations! Have you considered not selling your first property and just rent it out?

Just like stated above you need to talk to insurance brokers since your insurance rate will be high. Good luck!

Freckle, the great advice. It is exactly what Joanna needs to do. I hope it will turn out good and PM will pay the cost they have to  pay.

I think you just need to move on and fix it yourself. The settlement has happened already. Legal remedies will cost you more than just fixing it yourself.

I would not say that I am a good saver, but I am trying to put aside 5-10% of my profit each month to my saving account. It let me have a little bit saving by now. Getting into saving money every month is a good habit:-)

I think you should add electricity use and water to tenants' rents. It is usually how hotels do it and you have something similar to them (meaning short terms leases). If you have not done it already, it should fix your problem.

Of course, offset accounts instead of savings to prevent taxes and interest. Good luck!

I wish you luck and welcome to the forum! You are thinking right. PI is a great way to secure your future and good retirement.