03-30-2013, 07:11 AM
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It's 42
Industry Role:
Join Date: Jun 2010
Location: Global
Posts: 18,083
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Quote:
Originally Posted by janosik
[D]o you think that it is the right time to invest?
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European real estate prices are irrelevant in this market -- you need a new mindset.
Do some research of the local markets, they will vary a lot.
The real estate market values in Atlanta and San Francisco as example are like night and day.
As for any appreciation; a lot would depend on location, location, location -- the main factor would be future economic growth and jobs.
You can always buy Section 8 housing cheap in depressed areas -- the US government (via welfare) will pay the tenant's rent (while they destroy your property :D ) then get a HUD Home Improvement Loan ( aside: use pvc plumbing supply lines this time -- all the copper is gone).
Managing property from a remote location is not realistic. See what the management fees would be on collecting the rent ... Again, all management companies are not equal.
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