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$20,000 gross income, sell 2 units, hold 1.:)

Yes, I agree with you too late to be buying in USA now, just looking at your figures, your properties were over 20% gross and you will end up with perhaps around 10% net just shows how much slippage there is with these US properties. I now see US properties selling with 12-15% gross return...

Developing is another way to create income stream. Find suitable land where you can perhaps build 3 units, sell off 2 and end up owning one, from my figures with my latest project I will generate around $20,000 gross income. Repeat, and access equity. Of course you don't have to sell any...

I would be looking at West Syd, I know some are achieving 8% or close buying units sub $200,000. Alternatively, QLD, SE region.