Totally Non-related... Property in the US

Crush
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Crush
Edited Date/Time 7/9/2019 9:06am
My fiance and I are looking at possibly buying investment properties in the US... Where's the best place to start?

Any tips from anyone?
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clungey
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clungey 3/4/2012 3:32am
3/4/2012 3:32am
NOT HERE! Wink
JustMX
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JustMX 3/4/2012 5:19am
3/4/2012 5:19am
I hear detriot is coming back.......
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WhKnuckle
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WhKnuckle 3/4/2012 5:25am
3/4/2012 5:25am
California, particularly in the Sierra foothills like Grass Valley. You can buy beautiful houses there at half their original value, and property taxes aren't too high. We strongly considered moving there a couple of years ago and decided against it for family reasons. Grass Valley is in commuting distance to Sacramento and it's a really nice small town. I'd move there in a second if we didn't have family considerations here.
motogrady
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motogrady 3/4/2012 5:41am
3/4/2012 5:41am
Most anywhere really.

Hit up Zillow.com.

I see houses in Detroit going for 4 grand. And they say the car industry is doing real good lately.

Myself, A Florida or Arizona piece of property, where it's warm all year, is next for me.

Lot of babyboomers getting ready to retire, and the cold messes with the joints.......................

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crf250pilot
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crf250pilot 3/4/2012 6:24am
3/4/2012 6:24am
motogrady wrote:
Most anywhere really. Hit up Zillow.com. I see houses in Detroit going for 4 grand. And they say the car industry is doing real good lately...
Most anywhere really.

Hit up Zillow.com.

I see houses in Detroit going for 4 grand. And they say the car industry is doing real good lately.

Myself, A Florida or Arizona piece of property, where it's warm all year, is next for me.

Lot of babyboomers getting ready to retire, and the cold messes with the joints.......................
Not a bad idea, Canadian investors are buying up properties right and left all over here in Chandler AZ area.
APLMAN99
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APLMAN99 3/4/2012 6:26am
3/4/2012 6:26am
Depends on what you are looking for.
Buy and hold appreciation?
Residential income?
Commercial income?

If income property, you'll want a really solid management company lined up.
500guy
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500guy 3/4/2012 6:59am
3/4/2012 6:59am
Here's one thing to be careful of , There is many companies and individuals that get groups of investors purchase properties and manage them. Many of these are scams and the people running them are upside down in everything, they are using new money to pay off old debt and just keep rolling, our foreclosure rate has not bottomed out yet.

I guess what I'm saying is do your research.
nickm
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nickm 3/4/2012 7:48am
3/4/2012 7:48am Edited Date/Time 3/4/2012 7:48am
crf250pilot wrote:
Not a bad idea, Canadian investors are buying up properties right and left all over here in Chandler AZ area.
That's what I did, as did many people I know...I'm 20-30 years away from this but the prices in Florida and AZ are low enough that you can buy a property now for retirement later.

Just make sure you physically go to wherever it is you want to buy BEFORE you buy, there are bad neighborhoods everywhere and scumbag real estate agents will ut up descriptions and photos on the internet that make an ex- crackhouse look like its in a beautiful up and coming neighborhood..
onetimepost
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onetimepost 3/4/2012 8:41am
3/4/2012 8:41am
Crush wrote:
My fiance and I are looking at possibly buying investment properties in the US... Where's the best place to start?

Any tips from anyone?
All great nations have eventually become ... decadent nations e.g. Greece (well just watch the news!), Italy (Rome and its empire): better than Greece but...!!!
And fast forward, late XX Century : USA and its American dream. Well, no exception here as the country is on its path to decadence. Take your Australian dollars somewhere else and trade them for Chinese yen (the country which owns America now).
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Brad Nemeth 3/4/2012 8:47am
3/4/2012 8:47am
Crush wrote:
My fiance and I are looking at possibly buying investment properties in the US... Where's the best place to start?

Any tips from anyone?
onetimepost wrote:
All great nations have eventually become ... decadent nations e.g. Greece (well just watch the news!), Italy (Rome and its empire): better than Greece but...!!! And...
All great nations have eventually become ... decadent nations e.g. Greece (well just watch the news!), Italy (Rome and its empire): better than Greece but...!!!
And fast forward, late XX Century : USA and its American dream. Well, no exception here as the country is on its path to decadence. Take your Australian dollars somewhere else and trade them for Chinese yen (the country which owns America now).
That's some great advice!

I'm also looking though, sorry. Canadian dollar is basically at par and prices are too cheap to pass up..
Rooster
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Rooster 3/4/2012 9:19am
3/4/2012 9:19am
You should really come and have a look at the different areas before you buy.

Figure out what you want from your investment. Whether it's strictly an investment for profit, or would you consider using it as a vacation home?

The US housing market hasn't been gaining strength as fast as wall street has rebounded and it will take probably 15 years or more for the price of some areas to return to their peak. If they ever do. Prior to the housing bubble, US real estate (single family homes) wasn't necessarily the best best place to park your money. The average increase in home price year over year was actually quite low.

That said, if Australia is anything like Canada's housing market, there's bargains to be had in the US. I bought a nice three bedroom home on a golf course in Palm Desert for less than I just bought an older house here in a "up and coming" neighbourhood that will take nearly six figures in renovations to be complete over and above the asking price. I would have had to pay nearly triple the price in Canada to get the same house I got down south and if I bought it up here there's no chance I'd ever be golfing right out my back door on Christmas day.
Temor a la Mancha 3/4/2012 9:30am
3/4/2012 9:30am
If you're willing to take investment advice from a random motocross oriented message board, I would love to help manage your money. I've got lots of ideas. Let's talk. I'll just need to get your bank account and routing number first.
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HackMan162
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HackMan162 7/9/2019 8:59am
7/9/2019 8:59am
7 1/2 years....whoa!
JAFO92
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JAFO92 7/9/2019 9:04am
7/9/2019 9:04am
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Harry Backmon 7/9/2019 9:05am
7/9/2019 9:05am
HackMan162 wrote:
7 1/2 years....whoa!
Yeah earlier today one of those Spamulus dudes made a post with a link about buying property in Moldava or some such thing. Admins deleted it pretty quickly, but that's how this ancient thread got resurrected.
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