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1. People don't give property away.
2. Most of the "experts" who have investing newletters, be they stocks or real estate, make their money from the newletters. Thier expertise should be highly questioned.
3. If you are really serious about investing in the U.S., do your homework, set up a plan for buying, managing, and selling the real estate. Then get your bum on a plane and come to the US. Find a realtor, and/or a management company you can work with, then go from there.
4. Go to http://www.realtor.com there are literally hundreds of thousands of homes for sale.
5. Why not spead your money on Australian Real Estate. You can control it yourself, and you don't have to fly to the US to check on your investments.I live in suburban Detroit and I can confirm that the housing market is on the move again. I can't confirm % increases, but houses are selling and rental demand remains strong.
There are a number of US based Aussie groups online. Talk to people in those forums. They'll give you a ton of good advice, no strings attached.
Bottom line, unless you do your due diligence and work with people you can trust you will get ripped off sooner or later.
There are great opportunities in US Real Estate, but from my 17 years experience living in the US, the Yanks are very good at extracting money from your wallet legally or otherwise. Before you go chasing huge gains, first make sure you have limited your downside. Do your homework.
Cheers,
NealeinMI
I'm an Aussie who now lives in the Detroit area. There are literally 10's of thousands of houses you could buy in the US for under $140K.
But I'd caution you not to buy anything without consulting someone with knowledge of the area you are planning on investing.
You can buy a house in Detroit for $100 (yes one hundred dollars), but you are probably overpaying. Plus, you need to know something of the safety of the area. There was the recent case of an Aussie landlord who was shot and killed in Detroit. Unlike Australia, there are some places you just don't go, let alone buy an investment property.Cheers,
NealeinMI
