Yes there is a vast amount of land in the USA, but the same rules apply out there as they do here; location, location, location. The value of the land is increased in accordance with its surrounding. Yes, there are many foreclosures, as we know the USA subprime issues have hit hard, lenders paid no attention to the level of risk when lending money. Because of the subprime issues it may be prudent to assume that such risky lending will become a thing of the past, the impact of which will expand the rental market.

The properties BPI offer are purchased generally for rental yeild. These properties generate a monthly income. The markets in Rochester and Buffalo have seen little effect from subprime issues. Western New York has not seen the growth that Florida and California have. Therefore, the houses have held there value and continue to grow at a steady rate. BPI is not stating that these properties will 'boom' in value, because that clearly is not the case. These houses will however, continue to provide a rental income.

We recommend all buyers do their own due dilligence. And yes there are many people who jumped on the property ladder over here only to find that it wasn't all that was promised. There are many people who have unrealistic notions of rental property and we do not make any unrealistic claims.

__________________
Brennan Property Investment - Low cost, high yield investment properties in Western New York.