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- Jul 24, 2007
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The dynamic has been very different between Australia and the States for a long time. There are typically higher returns over here in the right areas.
The fact that the prices have dropped could go in your favor. Real estate tends to go in cycles. Have you had a down cycle lately or is it just that complex? It also may be an opportunity for lowballing your offers. If the units are not selling well, why not shoot a low offer price?
Those returns would make it difficult to make any real money though. I like to purchase multi-family fix and flips. Can make more that 100% annualized return on my investment in the right market. It is not the right market here in the US right now though.
The fact that the prices have dropped could go in your favor. Real estate tends to go in cycles. Have you had a down cycle lately or is it just that complex? It also may be an opportunity for lowballing your offers. If the units are not selling well, why not shoot a low offer price?
Those returns would make it difficult to make any real money though. I like to purchase multi-family fix and flips. Can make more that 100% annualized return on my investment in the right market. It is not the right market here in the US right now though.
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