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Has anyone considered investing in another housing market?

By E-man   2012 Nov 20, 7:42am   1,982 views   4 comments   watch (0)   quote      

Because the return in your market is mediocre? How did you choose the new market? How is it working out for you so far? What would you do differently if you could do it all over again?

Or for those investors that want to move to a different/better market, but haven't done so yet. Where do you plan on going and why? Do you have a definite plan to move?

If you like the housing market you're currently investing in, tell us why you like it.

Thx. :)

#housing

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1   B.A.C.A.H.     2012 Nov 20, 2:16pm  ↑ like   ↓ dislike   quote    

Because I cannot be sued by a tenant nor harassed by his homies. Because the fees are low and transparent. Because the equity is very liquid and because there is reliable income. Because I can borrow against it if I wanted to (it's called a margin loan). It is boring and I am sure all the smarty pants will tell me how stupid I am, it is the Vanguard REIT.

2   bob2356   494/498 = 99% civil   2012 Nov 23, 3:58am  ↑ like   ↓ dislike   quote    

E-man says

If you like the housing market you're currently investing in, tell us why you like it.

I wouldn't invest in any market that I hadn't lived in several years. Had property in upstate NY and Oregon but sold because of lack of good property management and strong tenant bias in housing laws. I only own in south Tx now. Landlord friendly laws (or at least reasonably fair), very good ratio of price to rent, low housing prices, property management is very common and there are many really good property managers. Maintenance and lawn service is really cheap Downside is that property taxes are higher than some places, but I don't find them out of line with OR, WA, or NY. Right now there seems to be some glut of rentals in the middle market, but I'm in the upper end and don't have any trouble renting.

3   iwog   1539/1540 = 99% civil   2012 Nov 23, 4:17am  ↑ like (1)   ↓ dislike   quote    

Out of state property is tricky because there are things you just can't quickly handle from hundreds of miles away. I'm sure it gets even more difficult with international real estate.

Unfortunately (or fortunately depending on your perspective) the only screaming buy for houses right now seems to be in the USA. You can't get similar quality for these prices anywhere else.

I think there are some very solid investment possibilities for vacation rentals in Las Vegas. That is where I will look in the spring.

4   bob2356   494/498 = 99% civil   2012 Nov 23, 7:28am  ↑ like   ↓ dislike   quote    

iwog says

Unfortunately (or fortunately depending on your perspective) the only screaming buy for houses right now seems to be in the USA. You can't get similar quality for these prices anywhere else.

Sure you can, but you have to be on the ground speaking the language, not cruising the web. Wait till Spain, Italy, and Greece all pull out of the Euro. Then there will be serious bargains until (if?) they establish a solid reputation for their own currency.

http://www.holprop.com/ is one of the better international property web sites. You can cruise what's listed in English, but the usual rich gringo markup is tacked onto the prices.

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