P
paytown50
New Member
I'm new to this site and enjoying reading this thread. I thought I would chime in with my two cents.
1. I think the real key here in the US is to identify what your looking to accomplish. Are you thinking short term or Long term.....Fix and Flip or Buy and Hold........ Rent or Rent to Own (I could go on but you get the point)
2. Based on your answer to the above question you will then be able to pick an area of the country you want to invest in. It can be proven that certain areas of this country are more shall we speculative than others. I can recall living on the west coast and turning alot of deals into quick cash. I then moved from the west coast to the south and to be honest it's harder investing down here. You have to know what your doing. Buying right is of the utmost importance. Which brings me to my third point.
3. To be honest and I have seen post/ad's for places like Vegas,Oregon,Buffalo,Florida,Vermont etc etc etc in this thread
Its all about the team you build in the area you choose PERIOD!!!!!
I know of investors who have gone to Buffalo and lost everything I also know of investors who went there and made lots of money. Same for every city I listed besides vermont (which I know nothing about
Bottom line is you have to know that the team your working with can take care of you and the moment you doubt that you have to take control of your investments and find another team to do it.
Of course there are other things to consider but for a somewhat short post I just wanted to point out what I feel are the most crucial to your success when investing in the states.
I will say though if someone wants to debate the merit of areas to invest in the US based on where they are as it concerns the downturn of real estate values. May I suggest you choose areas that did not devalue at all but actually still gained value those cities must have something going right to make it through this downturn better than ever.
1. I think the real key here in the US is to identify what your looking to accomplish. Are you thinking short term or Long term.....Fix and Flip or Buy and Hold........ Rent or Rent to Own (I could go on but you get the point)
2. Based on your answer to the above question you will then be able to pick an area of the country you want to invest in. It can be proven that certain areas of this country are more shall we speculative than others. I can recall living on the west coast and turning alot of deals into quick cash. I then moved from the west coast to the south and to be honest it's harder investing down here. You have to know what your doing. Buying right is of the utmost importance. Which brings me to my third point.
3. To be honest and I have seen post/ad's for places like Vegas,Oregon,Buffalo,Florida,Vermont etc etc etc in this thread
Its all about the team you build in the area you choose PERIOD!!!!!
I know of investors who have gone to Buffalo and lost everything I also know of investors who went there and made lots of money. Same for every city I listed besides vermont (which I know nothing about
Bottom line is you have to know that the team your working with can take care of you and the moment you doubt that you have to take control of your investments and find another team to do it.
Of course there are other things to consider but for a somewhat short post I just wanted to point out what I feel are the most crucial to your success when investing in the states.
I will say though if someone wants to debate the merit of areas to invest in the US based on where they are as it concerns the downturn of real estate values. May I suggest you choose areas that did not devalue at all but actually still gained value those cities must have something going right to make it through this downturn better than ever.