Li
I arrived back from 2 weeks in the US yesterday afternoon and whilst i admit there is plenty of opportunity i dont feel it is as easy as you make out.
I have owned a property in the right part of California for some 20 years now and the growth has been unbelievable.
With regards to finance i disagree with you. Yes finance is still available for FN for the right property it is not a very high LVR and the hoops you need to go through now are unbelieveable.
I met up with the credit managers of a couple of the largest US Banks when i was there and they were telling me that funding locals is getting hard enough let alone FN's. The interest rates they quote for such deals bear no resemblence on the Fed rate.
All in all there are considerable risks and reliable property management is probably one of the biggest.
Richard Taylor | Australia's leading private lender
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