GFY investors.. your thoughts on Real Estate?
 

I've done fairly well in Australia with Real Estate, but would not currently buy anything there as it seems obvious that the bubble is about to burst.

What i'd like to hear is experiences from American GFYers who have recently bought foreclosure properties, lost/made money, and their views on real estate as a side investment from their adult biz income.

I am also visiting the USA next month and would like to shop around for another potential investment property, does anyone have any areas they know are great buying at the moment?

I'd prefer we didn't turn this into a real estate vs shares argument, its a personal preference, i've always believed more in RE because I have more control over the process and i'd like to hear how other guys in the adult business approach it :thumbsup

now is a pefect time to pickup US realestate... weak dollar and bottomed out property prices create a once in a lifetime opportunity. I have been checking out Miami Beach condos, can't beleive how cheap it is! Will head over next year and have a look :)

For rental or sale? I think any real appreciation will take time.

If it is working not sure anyone will spill the beans. Good luck on your business thread!

Inconceivable, hehehe

:1orglaugh

It's an excellent time, I'll pick up another one early next year... already have a few rentals

I live in a market that wasn't really effected at all by the mortgage and housing mess. I can buy livable/rent able properties that need little to know work, in an area where there are two universities for around $35k...and we can do this all day long. I will continue to buy until someone stops me.

It's probably because we live in one of the county with the highest property taxes in the state, in the state with the highest property taxes in the US.

obviously it's a great time to buy right now. sell is quite a bit harder right now (duh lol). i'm in BC.

I would not buy in this market, things are so volatile they go up and down at the whim of a few factors.
"When people loose everything and have nothing left to loose, they loose it" Gerald Celente

In the whole world the bubble did burst at the end of 2008 while everything collapsed and property prices went down, but in Australia its just about to happen ?

I would wait 3 years then invest in property in the US.

The area I'm referring to is Rochester, NY

Lots to buy here, and the prices aren't outrageous like most of the US. Just the taxes. :winkwink:

It all depends on where you look. Some places there is little to no money to be made. Look at the states that really shot up and fell the hardest.

Florida being one of those states.

Depends on the area. I think some areas will start to pick up a little in the next few years others will keep going down for the next few and stay flat flast for 5-7 years alteast

Thanks for the replies guys.. i'd be interested to hear anyones actual experiences if anyone is brave enough to share.

I'd like to buy some kind of vacation rental, short-term fully furnished place and get a great manager. If it doesn't pay a decent return, flip it and try another one..

Anyone?

Perfect time to buy rental properties right now.

Just make sure you have the $$ to back up what ever you buy for as long as necessary.

It's a great time to buy.

I don't see real estate values rising anytime soon, but rentals would do well since that market is still strong