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Kathryn Of course so many things could have gone wrong and I do know some investors who purchased the wrong product in USA and paid too much and some did get burnt. I agree there will always be more risk. However, for those who did OK my guess is they did lots of homework and analysed the...

It will be dependent on structure, tax in US can be higher than Oz, that is why you need a good accountant that can work this (thanks Skip:))

Hi Kathryn I know there are quite a few real cheapies but they may be in the wrong area, I suspect this one this, just by price and I think its inner city, not the best. Properties in decent areas in Atlanta today you will be paying around $80K for foreclosure and needing a renovation.

Hi Oracle It was a double whammy in US because the US Subprime mortgage crisis coincided with the US recession. So increase of high risk mortgages that went into default beginning 2007 contributing to severe recession. Lenders offering dodgy home loans to individuals with poor credit...