Hi Adam,

I have only just joined the forum but I am finding quite a bit of interest in buying in the US already.

I was involved in the post on singing pig that "Soup Dragon" mentions and the returns that were mentioned were probably something to do with the areas that Ajay Ahuja was buying or advising where his clients should buy.

Did you by any chance pick North East USA, possibly New York State because of what Ajay Ahuja has suggested or was it just on research of your own?

As the guys above have said the realistic rental income on a property worth $25k is certainly not going to be $1200.

In the area I am buying prices are as follows; single unit, purchase price $36k - $40k, rehab work of between $15k & $24k, revalued after rehab $100k, rental income - $850 - $900.

Multi units such as the 3 unit I am looking at buying is $62k - $65k and will rent out at around $1500 - $1800, after rehab.

So, $25k and $1200 rental income it doesnt sound right, maybe I am wrong.

All the George (Best)

Simes