Further cautions
Highlander_0000 and I have had our differences in the past, but I have emphasised that this is no market for the novice.
Given the above tale, and another I've heard, and adding some of my own experiences, I am withdrawing any offers made previously. I believe that potential investors are far better off doing the full research and getting an understanding of what they are getting into.
I am also unaware of anyone purchasing this type of property who has successfully closed a loan. I have now had over 10 lenders guarantee me that they will close within a month. I have approached more than 100. Not one has come through.
As a consequence, depending on your circumstances, this could all end in tears. I have no wish to be the proximate cause of someone else's problems so unless and until the finance riddle is solved, lowering the exposure, and I have greater confidence in Buffalo property management, I will not be selling US properties.
Apologies to any who are disappointed, but I am, as always, acting in what I hope to be the general best interest, my own included.
Highlander_0000 and I have had our differences in the past, but I have emphasised that this is no market for the novice.
Given the above tale, and another I've heard, and adding some of my own experiences, I am withdrawing any offers made previously. I believe that potential investors are far better off doing the full research and getting an understanding of what they are getting into.
I am also unaware of anyone purchasing this type of property who has successfully closed a loan. I have now had over 10 lenders guarantee me that they will close within a month. I have approached more than 100. Not one has come through.
As a consequence, depending on your circumstances, this could all end in tears. I have no wish to be the proximate cause of someone else's problems so unless and until the finance riddle is solved, lowering the exposure, and I have greater confidence in Buffalo property management, I will not be selling US properties.
Apologies to any who are disappointed, but I am, as always, acting in what I hope to be the general best interest, my own included.