Investment in US rental properties might not end well for Australian investors
It is rightly said that you should properly investigate about your investments before you put your money on it.Now this statement fits perfect on some of the Australian investors who are on a risk of losing millions of dollars after investing in thousands of dollars in US rental properties.Many investors were and still are being lured by agents promising unrealistically high rental returns on US rental properties.As the Australian dollar rising high and declining Us Properties as much as 75 % investors are in lure to snap the deal for less than a hundred thousand dollars.Unlike Australia, there is a surplus of homes in the US and many well-known cities are contracting.
According to investment experts many properties which are offered are in bad neighbourhoods where it is really difficult to find a tenant, and even harder to get your money back if you decide to sell down.
http://www.smh.com.au/money/investing/australian-investors-could-lose-millions-on-us-rental-properties-20110103-19dde.html