Quote:
Originally Posted by oregon woodsmoke
Buffalo would not be my first choice. There is a reason that property is cheap-- that's because nobody wants it.
If you buy for a low enough price, the investment might work well for you. I suggest that you go and look, and be sure to have more than 1 real estate office take you around to show you properties. That will protect you against an unscupulous salesman that thinks foreign investors have lots of money and should pay extra high prices.
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Well, perhaps...but then that philosophy would restrict you to only buying expensive property! I've bought some cheap places in Scotland that rent easily, give me no problems, and yield very well.
My Buffalo ones have been a bumpy ride so far though it's too early to say whether there's an opportunity there.
Matt
Propertyforincome dot net