I assume now after Sandy that area is not that great for the investment. Either way I prefer investing somewhere in the Southern states, like Texas. 

Do the research before buying in Atlanta. It is the great market there, but not all neighborhoods are good. Be sure to buy the property somewhere in suburbs, not close to downtown Atlanta. 

All this should be described in your contract, as well you should have some form of warranty on your new property. Also, like previous post suggested you might check if you have a defect insurance as well. 

Of, course get the landlord insurance to protect you from damages. You can also require your tenants to purchase the rental insurance before moving in. 

I would definitely hire the professional to confirm that you own the laneway. I think it would be the best strategy since you definitely do not want to pay more for something that you do not own. 

I agree with other comments. Just wait  and then after settlement find tenants that you want. 

I use this one http://apm.com.au/. The website is the great source of information of Australian property. 

I have never invested in studio apartments. In my opinion it is not worth it. I usually target families, so I invest in 2-3 bedrooms houses or apartments. 

Thanks Qlds007. The price of the unit is not an issue. I just want my investment to be profitable. So if I invest millions of CAD I expect to get the way more cash back!

Hi Freckle,
Thank you for the advice. I am sure you can make plenty of money with Energy market, but I think I will stick with real estate:-) It is what I like to do:-)

In my opinion it is a little bit cheap for Melbourne property. I do not think you will be able to find anything decent for this price, but good luck anyway!

I honestly never though about Canada, but with such low mortgage rent I have to check it out. I guess area like Vancouver or Quebec  would be worth checking out. I will follow this thread, interested as well to hear from people who already incested in the Canadian property.

What area is your unit located in? It can be two options: you are expecting too much for the unit or you have a bad agent. If you believe that your price is right, just change the agent. I agree with previous posters: 1 year on the market is too long. 

I read that Brisbane area has been in recovery, but I would not say that Sydney is the bad place to invest. It just all depens on what you are looking for. 

You  need to think hard and decide for yourself what are your causes of your analysis paralysis. Are you afraid to fail? Are you afraid to take actions?Do you think too big instead of taking small steps each time? Think about it and also read the article I have included. I have found great tips there. 

I did a lot of research about auctions and it just does not work for me. I do not want to take a risk to end up buying a trashy, bad maintained property. A lot of properties end up on auctions after foreclosures. It instantly a red flag for me. Additionally, some auctions do not let you see the inside of the house, which does not work for me since…[Read more]

Hi Sunny, you can check out this page http://www.rebaa.com.au/. It is the web page of Australian Buyer's Agents Association. It is a lot of great info there. Also, Buyer's Agent fee depends on what you are looking for. I recommend just calling around and ask several buyer's agents about  theircharged  fee. 

I have never been in such situation and I guess things like this happen when you rent your property to people. I think that your manager has to be hold reliable since it is her fault for not sending the breech notice. I understand you want an advice from people who had similar experience, but I am thinking about renting my house in Melbourne to…[Read more]

I would go with the option 3: to keep the house and invest in 400k property. But for your security I would consult with a broker before making any decision.

I personally do not buy at auctions. You have to buy a property fast and I like to research prior to buying. Also, I do no like buying blindly and end up paying higher price than if I was buying privately.