Update on my earlier post re condohotel units in Orlando Florida - new $400K; resales are selling in low $200s.

Deejay

Can you give specific contact details for these distressed Orlando sales.

Woodsmoke,

I like the idea of the Oregan properties but I need more juice. The dollar is low sure, but I also want distressed / market forced low prices which I can find in the US - but where to start. Number 1, it must let all year round. Number 2, I want zero hassle and minimal ongoing costs.

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Been investing abroad a few years. Always amazed people invest in places that produce just a few months rent per year

I'm gonna take my time considering the US. Foreclosures and distressed selling has not reached bottom yet as far as most learned pundits on CNBC business news are saying which I was glued to last week.

I would'nt pay any developer a penny up front - so many are going bust and lets not forget even big Banks like Bear Sterns can go under so certainly NO developer can be 100% safe.

Im not convinced on the rental yield of some of the Florida touristic property Im seeing. I want 100% concrete recent evidence the rentals will yield at least 10% net, (which is not much ogiven how much capital prices have fallen).

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Been investing abroad a few years. Always amazed people invest in places that produce just a few months rent per year

We are getting foreclosures and short sales in Florida, even detached properties at 100k I am not convinced at. Why?

You have to pay 3.5 to 4% a year in taxes and maintenance fees, that is 3500 to 4000 dollars a year to live in your 100k house. Does not sound like a good deal to me.

Foreclosures/Distressed Sales in the US are running according to site I reviewed today at over 1 million properties. That is alot of houses.

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Ps. Invest in France, is safer, and better, and guaranteed rentals. I dont know why people want dodgy stuff when they can have the blue chip things on their door step, if they are british. I guess the euro levels dont help but if you buy well, it is a solid investment. Look at Warren Buffett, he only buys good companies with good management, take this to property, and buy good property with good property management. Voila , make money.

Keep it Simple (s..) KISS.

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Golden, I have'nt considered France as the rent yields are'nt exciting and the capital growth spurt has gone. In other words I might just as well put money in a savings account and get 5.5% pa and let the interest role - up and compound.

TheUS interests me as the capital required is now so much less, so yields and growth should be more rewarding over next 10 years.

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Been investing abroad a few years. Always amazed people invest in places that produce just a few months rent per year

7.5% guaranteed rental renturn every year for 2 years. Central London locations...

Yes, I am biaised. Yes, I have a vested interest. The reason I have a vested interest and am biaised is I have been impressed enough to want to operate there. It is also where I have purchased my retirement property.

For the balance of BTL/Capital appreciation potential/ease of access/safety of investmet/infrastructure of country/stability of government and any other yardstick you wish to consider.

GERMANY HAS TO COME INTO CONSIDERATION.