Where on the US East coast?

[Olly]

Originally Posted by oregon woodsmoke

No problem, olly, you don't like the USA, so you go ahead and invest elsewhere, and you will be happy,.

I like the USA very much, and I am investing in the USA, and I am happy.

We'll meet back here 10 years from now to compare and see who has done better.

Oregon

No need for the insults...I only disagreed with your viewpoint. I didn't hurl abuse in your direction.

For your information; I am a US Licensed Realtor & International Property Specialist affiliated to the world's largest real estate corporation. I am also retained by several Real Estate Investment Trusts, Private Syndicates, Equity Participant Groups, Individual Portfolio Investors across 16 different countries.

I live between my homes in Florida & Mainland Europe and, apart from providing professional advice to highly professional investment organisations, I also raise funding for developers in liaison with the top 25 world banks, major hedge funds and equally important financial institutions.

My Realtor colleagues in Oregon and I have regular updates and, indeed, certain types of commercial investment, I have receommened to clients in this state earlier in 2008. Residential however, for a variety of reasons is not for 'serious' investors who take full consideration of both entry & exit costs combined with ROI & Yield. Moreover, true 'international' investors will look at a whole raft of information covering several countries before making a purchase.

Most of my investors are seeking yield's of 20% and above and the US (generally) is not able to give these kinds of returns over the longer term at this time. As the prices continue to drop then, at some stage it will be time to reinvestigate certain sectors of the US market.

Until then, suggest you stay in Bend (or go round it) but accept that for foreign buyers, the US is still a declining market right now and, 6 months delay will save an investor a huge amount of money. And, believe it or not, there are places cheaper than the US that are not emerging markets and are in the mainstream and provide 10%-20% NET returns TODAY!!! Therefore, of greater direct worth to overseas investors - right now!!! And why are you SO fussed about promoting your ideas of buying in the US NOW as opposed to 6 months or more delay? Where's the panic and why?

I certainly don't hate America and why you should think so baffles me. My comments are directed only at the real property market. Certainly previously not against you as a person or the City in which you abide. Property investing is best for those capable of parking emotive reasoning and employing intellectual skill.

With respect Woodsmoke; you don't have the breadth of understanding to lay claim to the expertise you proclaim, as I've now witnessed from several other items you've commented upon across this site. That said, even the experts can be wrong and I'd be one of the first to admit I can be wrong too. However, I also stand by the reports of the NAR and my colleagues local to Bend. All professionaly trained and qualfied and leaders in the fields.

Suggest we should all move on from these issues and seek answers to questions that increase the interest of all members...

Olly

[Creative Source]

As a complete outsider, I think Oregon so far has constructed a logical argument as opposed to Olly who is clearly emotional and patriotic about the US. As an investor on this forum what does it matter if you 'like' a country or not. Its doing what is sensible that matters and statistics don't lie no matter how hopeful one wants to be.

CS

[Olly]

Originally Posted by Creative Source

As a complete outsider, I think Oregon so far has constructed a logical argument as opposed to Olly who is clearly emotional and patriotic about the US. As an investor on this forum what does it matter if you 'like' a country or not. Its doing what is sensible that matters and statistics don't lie no matter how hopeful one wants to be.

CS

Creative Source

Are you sure you agree with Orgeon and are accusing me of being over patriotic and emotional? It was Oregon who also accused me of disliking America, etc.

Do hope you've got your names crossed?!!

Olly

[oregon woodsmoke]

Sorry, guys, by "liking a place" I meant strictly as a place to invest. As you might say that you like horse number 7 in the sixth race. You don't actually know the horse to know whether you like him personally or not. But you like his chances as a place to risk some money.

[mickthepropertyguru]

TO be honest i don't think you can compare either of these investors. Both are right in their own respect. I believe even though the odds are slightly against him and the stats are pointing downwards i believe that Oregon has enough local knowledge to pull it off and make money where the average investor would not. Local knowledge is key as the law of averages give you an insight but nothing exact in precise locations

I believe Olly is right also as the stats and figures don't lie and he seems to have enough expertise to predict the short term future. So i think Oregon will make money but for the investor with less experience it will be safer to wait for another year.


By the way well done Olly and Oregon for brilliant posts. Both of ye excel in my book

[Creative Source]

My apologies,

I did confuse the two names Olly and Oregon. D'oh!!!

I meant Oregon seemed more patriotic and emotional about the US and Olly was eporting facts.

Mikethepropertyguru may have a point about Oregon's local knowledge but that is irrelavant to a general property forum read by the whole world who see advise as world investors who don't have local knowledge. I have local knowledge of London UK and may pick up a few special propertys here but I would no way recommend to anybody to invest in London because generally the sub-prime has affected the UK too.

CS

[fastfixer1]

Hello Investy,
Hope you have got enough replies. For many people purchasing additional property overseas is the dream of a lifetime. But they must be acting with utmost care while bargaining the properties and maintaining them in order to gain profits. I think I will provide you a link to a site which has got wonderful suggestions on investments and a great deal of information about US properties. The domain of the link is..
fastfixerupperprofits

[Investy]

I checked the fastfixerupperprofits website, but it took so long to open I gave up!

I'm assuming its for renovation projects which is'nt my bag uless its on my home turf - too much can go wrong and too easy for tradespeople to up thier costs without me on site to 'see' where the moneys going.

To be honest I'm extremely wary of sites promising to provide insights into profitable enterprises - why dont hedge funds, or Banks have similar websites that tell me how I can make money like they do?

They dont because why would they? If youy owned lets say a sucessful fragrance producing company, the last thing that would ever cross your mind is to establish a website to tell others how you do it day by day, becasue those others might then steal your income!

In other words, no agent I've ever met has a portal into profits - he would be too busy milking those profits rather than sharing with me.

[Olly]

Originally Posted by Investy

I checked the fastfixerupperprofits website, but it took so long to open I gave up!

I'm assuming its for renovation projects which is'nt my bag uless its on my home turf - too much can go wrong and too easy for tradespeople to up thier costs without me on site to 'see' where the moneys going.

To be honest I'm extremely wary of sites promising to provide insights into profitable enterprises - why dont hedge funds, or Banks have similar websites that tell me how I can make money like they do?

They dont because why would they? If youy owned lets say a sucessful fragrance producing company, the last thing that would ever cross your mind is to establish a website to tell others how you do it day by day, becasue those others might then steal your income!

In other words, no agent I've ever met has a portal into profits - he would be too busy milking those profits rather than sharing with me.

Hey Investy

If you are serious and I do mean 'serious' about a Portal to Profits, I'll willingly show you two. Please remember two things; I am most certainly a Licensed Realtor and, I'm a Commercial Finance Broker. Therefore, I trust my next statement will make basic sense to you. To 'qualify' to enter the profit portal you will need a minimum stake of US $125,000 (or equivalent currency) or, to enter the top end (Rich List) portal a minimum of GBP 2.5m.

Inevitably you will need POF (Proof of Funds) e.g. letter from your bank manger stating you can have either of these figures available in liquid form within 7 day notice or, a bank statement with all account details blanked out - even including Branch address - for obvious security.

Given you qualify, I should be delighted to explain in detail how the methodology performs and introduce you directly to appropriate Bank Directors within some of the top 25 world banks for 'real' confirmation of the process, etc.

Please drop me a message off board if you know you can qualify.

Olly

[Investy]

Olly, why did master of the iniverse heavy weight investors bother putting money into sub prime mortgages which returned on average about a 6% yield despite heavy risks, when all along all they needed to do was contact someone like you with a portal to easy big profits?

Why do you want to share these easy profits with me a total stranger? Richard Branson doesnt come on here wanting others to get his inside secrets!!