I just got a firm offer of US$1m above purchase on a property I put down $155k on a few years (3?) ago - it's just starting to move properly and I am FAR from alone.
Wow....well done!
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I just got a firm offer of US$1m above purchase on a property I put down $155k on a few years (3?) ago - it's just starting to move properly and I am FAR from alone.
If you feel like sharing some of your thoughts about interesting places to look at - even if just for the fun of it - that would be interesting for many.
Never thought I'd look at this again, but it was interesting to see the washup after a few years. Good to see a heap of people did well and avoided the shonks. The US market is far from overplayed, in the last 3 months my properties have jumped 30% rent across the board and show no signs of abating. It's insane really, just six months ago we were lucky to get $800pm for properties we now get swamped at $1100 for. Sure subprime is over, but there is massive growth still to come if you don't want to repatriate money. I just got a firm offer of US$1m above purchase on a property I put down $155k on a few years (3?) ago - it's just starting to move properly and I am FAR from alone. Can't see it's worth selling atm but it's nice to know it's there. My sister (from memory emma171??) hamstrung herself doing the legally safe thing getting licenced as a US broker to deal with Aussies in US property, but in the commercial realm she is personally kicking serious ***, almost embarrassing how well. And.... for an Aussie, the dollar is now moving the right way. I don't particularly like the US, but it really is the land of opportunity. If you aren't desperate for the money and have a bit available on the US side of the big pond, have a look around outside the subprime world. Subprime was always that. Below par property. The market is huge, the opportunity enormous. So what if the market has changed from 'once in a lifetime' to merely 'extraordinary'? Sure beats Australia which shows every sign of being 'fully priced' and add to that the $AUD is far more likely to to fall rather than rise. In real terms my $AUD property has just lost 30%. The RBA saying the Aussie market is risking overheating, the $AUD dropped 30% in so many months and people are bringing money back?? The party could be seen as just starting to kick into gear
And finance has always been available. It's a lot easier now through official channels, but it was always possible one way or another.
Looking forward to that $AUD dropping even further lol
Thanks for your post Lawjs,
I feel like a kid in a candy store here in Ohio.
Not much movement here regarding growth but its a very stable cashflow market.
Anything within close proximity to good schools, hospitals or Universities will rent like hot cakes. Takes time to adjust to the differences off course but its fun times as we are now working more with investors from the US than out of country investors haha
Thanks
ps. Looking forward to that $AUD dropping even further lol