Flipping: US vs Australia

Viewing 5 posts - 1 through 5 (of 5 total)

Yidn_Shalom25
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@yidn_shalom25
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Post Count: 43
March 23, 2006 - 2:05 pm
I believe it is much easier to find an undervalued property in the US than in Australia simply because of the sheer volume of mortgage defaults in the US relative to Australia. That is not to assume that flipping success is dependant on foreclosures.
any thoughts?
[fez]
Nigel Kibel
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March 23, 2006 - 7:56 pm
I could not agree with you more. Clearly with a population of 293 million there are more opportunities than there are in Australia. Particully through forclosures. However you also have to know what you are doing. A professional investor should be able toinvest anywhere. To do so means that you have to do the research.
Nigel Kibel
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ellnbgn
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March 25, 2006 - 7:50 pm
[puke] their is a new coming wave of mortgage defaults in teh US, as property market here has devalued about 15% in past 6 months, rates are rising, and most buyers in past 18 motnhs have bought with low intr rates adjustables. Perfect storm coming, cash is king. some of the investors I know are waiting for the bottom to fall out before buying in.
ellnbgn
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March 25, 2006 - 7:52 pm
[puke] there is a new coming wave of mortgage defaults in the US, as property market here has devalued about 15% in past 6 months, rates are rising, and most buyers in past 18 motnhs have bought with low introductory rate adjustables. Perfect storm coming, cash is king. some of the investors I know are waiting for the bottom to fall out before buying in. Will be an interesting year, for sure.
Nigel Kibel
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March 26, 2006 - 9:19 pm
Once again it is about being selective as to where you purchace. It is important that you understand the market or deal with someone who does.
Nigel Kibel
http://www.propertyknowhow.com.au
Australian and New Zealand The United States Property Researcher and education
One Day property investment research workshop The United States. Please register your interest
Nigel Kibel | Property Know How
http://propertyknowhow.com.au
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We have just launched a new website join our membership today