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bhutocracy · 03-18-2008, 12:01 AM

Looking into buying houses/units in areas that haven't really gone through the boom and subsequent bust.. (mostly not the sort of places you want to live - ie West Virginia) There are a lot of places there are seeing small increases, but more importantly have considerable rental return (some are 15%+) With the current exchange rate I'm considering parking some US income in US real estate until the Australian economy starts to slow down and I can bring it over again at a more favourable rate and still make better returns than sticking it in a bank can, only really thinking a 1-2 year timespan.

03-18-2008, 12:01 AM
bhutocracy Not making A Comeback Industry Role: Join Date: Dec 2001 Posts: 10,218	Non-Residents buying US property - anyone done it? Looking into buying houses/units in areas that haven't really gone through the boom and subsequent bust.. (mostly not the sort of places you want to live - ie West Virginia) There are a lot of places there are seeing small increases, but more importantly have considerable rental return (some are 15%+) With the current exchange rate I'm considering parking some US income in US real estate until the Australian economy starts to slow down and I can bring it over again at a more favourable rate and still make better returns than sticking it in a bank can, only really thinking a 1-2 year timespan.