- Steve McKnightKeymaster@stevemcknightJoin Date: 2001Post Count: 1,763
Here's a good article for US property investors:
Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
Success comes from doing things differentlyTreasure HunterParticipant@treasure-hunterJoin Date: 2010Post Count: 47
Thanks Steve, Interesting reading.
So the message is clear that there is no need to act in haste, as the market’s not going to bounce back tomorrow.
Further falls predicted….lending getting harder….
Still keen though to get some of those US +cashflow properties under the belt. Just not going to break my neck to get over there. A bit more time to prepare thoroughly, and so, choose better.CheevesFinancialParticipant@cheevesfinancialJoin Date: 2010Post Count: 201
There is no question that the U.S may be a bargain for the next couple of years. Nationally this could be true. There are pockets that look more interesting than others. Today's fundamentals go back to cash flow. If you can put yourself in a decent area and collect monthly cash flow, don't speculate on appreciation. Not at least for 3 years. Don't even use it in your pro forma. I bought a few rental properties where the cash flow pays about 50% of my monthly bills. Isn't that what one aspect of real estate is all about? I have 2 others in my IRA where I can't touch the cash flow until I am a certain age, but I am ok with that. I saw someone post about Texas properties cash flowing by $130 +/- per month. That's ok if you believe the area will go up in value, but that isn't happening soon. Not saying it is a challenging investment but just not for me.
I don't have any intentions of selling anytime in the near future. If I sell them in 5 years for what I paid for them, they were worth it. Truly I believe they will go up in value but it isn't part of my current strategy. If the market plummets another 10%, I can afford that in a long term holding strategy as my cash flow will offset that.white_goodmanParticipant@white_goodmanJoin Date: 2010Post Count: 67Treasure HunterParticipant@treasure-hunterJoin Date: 2010Post Count: 47white_goodmanParticipant@white_goodmanJoin Date: 2010Post Count: 67grossrealisationMember@grossrealisationJoin Date: 2005Post Count: 1,031
now thats a very interesting view
and 20mil homes to come on line
2.5 to 3 trill in value in default with fanny or freddy
1 trill loss
what most people seem to miss
is that there is a huge amount of buyers but also a huge market for a funder or suppliers of finance
yes not buying the house but fundng the house purchase