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Oscar, I sincerely hope your purchase works out - like most people on here I'm a huge fan of property investment, and have been for years. The global economic fundamentals are very different now vs your first IP in 1999, which (potentially) undermines any otherwise intrinsically sound investment...

Apologies if the issue of the US$ has been tackled/debated elsewhere in other threads, but I haven't 'thread-searched' it. Like Oscar I'd been considering a US investment property, and while the foreclosed and wholesale options present fantastic value my biggest concern is the long term...

MTR, are you buying outright or have you been fortunate to source any mortgage finance? Unfortunately my immediate cash reserves don't match my ambition, and I'm all too aware of extremely tight lending restrictions over the pond.

Greetings All Like many others like Heatseeker, Perp & Dec (on another thread) I’ve been considering the merits an IP or two in the USA, and quietly reading through the doom merchants’ posts on this site and mainstream news. While I accept that the US is probably heading for double-dose pain...